Singularity Future Technology Ltd. SGLY
merged into a new corporation, Sino-Global Shipping America, Ltd. in Virginia. On January 3, 2022, the Company changed its corporate name
to Singularity Future Technology Ltd. to reflect its expanded operations into the digital assets business. Currently, we primarily focus
on providing freight logistics services, which mainly include shipping, warehouse services and other logistical support to steel companies.
new opportunities to expand our business and generate more revenue. These opportunities ranged from complementary businesses to other
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8M | $3.1M | $4.5M | $4.0M | $5.2M | $6.5M | $41.8M | $23.1M | $11.4M | $7.3M |
| Cost of revenue | $1.8M | $3.6M | $4.0M | $4.1M | $5.0M | $3.7M | $36.0M | $15.6M | $5.0M | $3.7M |
| Gross profit | $51.4K | -$478.3K | $548.1K | -$148.1K | $176.6K | $2.9M | $5.8M | $7.5M | $6.5M | $3.6M |
| SG&A | $2.5M | $5.0M | $11.6M | $9.3M | $5.6M | $3.4M | $4.3M | $2.8M | $3.2M | $4.3M |
| Total operating expenses | $2.8M | $5.4M | $15.1M | $22.5M | $11.0M | $20.6M | $11.7M | $6.7M | $3.4M | $4.8M |
| Operating income | -$2.7M | -$5.9M | -$14.6M | -$22.7M | -$10.8M | -$17.7M | -$6.0M | $818.1K | $3.1M | -$1.2M |
| Interest expense | $146.4K | — | — | $2.4K | $5.8K | — | — | — | — | — |
| Pre-tax income | -$3.3M | -$5.5M | -$23.0M | -$28.9M | -$11.3M | -$17.7M | -$6.1M | $1.5M | $3.1M | -$1.5M |
| Income tax | $30.2K | — | $135.9K | — | $3.5K | $186.0K | $920.9K | $949.7K | $472.1K | $812.6K |
| Net income | -$3.9M | -$5.1M | -$23.0M | -$28.3M | -$11.3M | -$17.9M | -$6.5M | $459.1K | $3.6M | -$2.0M |
| EPS, basic | -1.06 | -2.05 | -1.09 | -1.58 | — | — | -0.45 | 0.04 | 0.41 | -0.23 |
| EPS, diluted | -1.06 | -2.05 | -1.09 | -1.58 | -1.26 | -4.78 | -2.27 | 0.04 | 0.41 | -0.23 |
| Shares, diluted (wtd. avg.) | $3.7M | $2.5M | $21.1M | $17.9M | $8.6M | — | $14.4M | $12.0M | $8.9M | $8.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $17.7M | $17.7M | $17.4M | $55.8M | $44.8M | $131.2K | $3.1M | $7.1M | $8.7M | $1.4M |
| Receivables | $396.7K | $267.2K | $198.6K | $108.4K | $113.2K | $1.2M | $7.0M | $8.4M | $2.6M | $2.3M |
| Total current assets | $18.1M | $18.2M | $18.2M | $63.2M | $46.9M | $1.9M | $15.9M | $22.4M | $16.8M | $8.7M |
| Property, plant and equipment | — | $183.6K | $426.3K | $549.0K | $757.3K | $523.3K | $989.9K | $956.4K | $187.4K | $176.4K |
| Other intangibles | — | — | — | — | — | $26.4K | $89.7K | $153.1K | — | — |
| Total assets | $18.2M | $18.7M | $19.2M | $64.8M | $48.2M | $5.7M | $20.6M | $26.2M | $17.8M | $9.1M |
| Accounts payable | — | — | $494.3K | $508.5K | $574.9K | $487.7K | $567.6K | $3.2M | $206.2K | $489.5K |
| Total current liabilities | $7.3M | $5.3M | $5.0M | $25.2M | $5.3M | $5.8M | $5.2M | $6.6M | $3.1M | $2.4M |
| Long-term debt | — | — | — | — | $155.4K | $254.4K | — | — | — | — |
| Total liabilities | $7.8M | $5.5M | $10.3M | $31.1M | $5.7M | $6.1M | $5.2M | $6.6M | $3.1M | $2.4M |
| Retained earnings | -$94.6M | -$90.7M | -$85.6M | -$62.6M | -$34.3M | -$23.4M | -$7.0M | -$434.9K | -$893.9K | -$4.5M |
| Total equity | $12.5M | $16.0M | $9.0M | $35.9M | $42.4M | -$357.9K | $15.4M | $19.5M | $14.7M | $6.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.7M | -$4.4M | -$33.6M | $5.9M | -$8.7M | -$3.9M | -$4.3M | -$1.8M | $3.0M | -$121.0K |
| Depreciation and amortisation | — | — | $164.3K | $533.6K | $432.9K | $402.3K | $130.9K | $94.9K | $49.4K | $59.5K |
| Stock-based compensation | — | — | $329.8K | $10.1M | — | $1.6M | $2.3M | $1.7M | — | $349.8K |
| Capital expenditure | — | $589 | $35.6K | $874.5K | $1.5M | $7.0K | $143.5K | $822.8K | $62.4K | $31.7K |
| Investing cash flow | — | $75.6K | -$2.2M | -$3.6M | -$1.5M | -$1.4K | -$143.5K | -$2.5M | -$62.4K | $294.4K |
| Financing cash flow | $2.6M | $4.5M | -$2.1M | $8.4M | $54.2M | $1.2M | $850.0K | $2.6M | $4.4M | $646.6K |
| Buybacks | — | — | — | — | — | — | — | — | — | $45.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-25-098514.
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