Jul. 1 at 3:08 PM
$SCAG First Six Months of Fiscal Year 2026 Financial Highlights
● Revenue increased by 91.3% from US
$7.1 million for the six months ended December 31, 2024 to US
$13.7 million for the six months ended December 31, 2025, primarily driven by increased sales of NEVs and components.
● Gross profit improved to US
$0.2 million, representing a gross margin of 1.4%, for the six months ended December 31, 2025, compared to a gross loss of US
$0.7 million, representing a negative gross margin of 10.1%, for the six months ended December 31, 2024.
● Interest expense, net increased by 652.5% from US
$0.1 million for the six months ended December 31, 2024 to US
$1.1 million for the six months ended December 31, 2025, primarily due to increased short-term borrowings and interest expense related to convertible notes issued in the second half of fiscal year 2025.
● Net loss was US
$3.7 million for the six months ended December 31, 2025, compared to US
$4.0 million for the six months ended December 31, 2024.
● Basic and diluted loss per share was US
$0.05 for the six months ended December 31, 2025, compared to US
$0.08 for the six months ended December 31, 2024.