| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash | $24.4M-30.6% | $35.1M-13.0% | $40.3M | — |
| Accounts receivable, net | $39.7M-33.6% | $59.7M+143.6% | $24.5M+196.9% | $8.3M |
| Inventories, net | $6.6M+4.4% | $6.4M-14.8% | $7.5M-48.8% | $14.6M |
| Prepaid expenses and other current assets | $2.2M+60.3% | $1.4M-58.6% | $3.4M+1655.1% | $192K |
| Total current assets | $72.9M-28.9% | $102.6M+20.9% | $84.8M-14.7% | $99.4M |
| Accounts receivable – non current | $7.4M | — | — | — |
| Property, plant and equipment, net | $3.0M+14.3% | $2.6M+137.3% | $1.1M+854.3% | $114K |
| Intangible assets, net | $2.2M+62.3% | $1.4M | — | — |
| Right-of-use assets – operating leases | $5.0M+40.5% | $3.6M-15.9% | $4.3M+1338.0% | $296K |
| Other investment | $2.0M+0.0% | $2.0M | — | — |
| Equity method investment | $9.5M-7.1% | $10.2M | — | — |
| Other non-current assets | $211K-25.9% | $284K+17.1% | $243K-81.1% | $1.3M |
| Total other assets | $29.3M+46.0% | $20.1M+259.4% | $5.6M+334.3% | $1.3M |
| Total assets | $102.2M-16.7% | $122.6M+35.7% | $90.4M-10.3% | $100.7M |
| Accounts payable | $4.2M+10.4% | $3.8M+196.6% | $1.3M+338.6% | $291K |
| Contract liabilities | $4.9M+119.2% | $2.2M+124.4% | $989K-40.9% | $1.7M |
| Accrued liabilities and other payables | $8.1M-31.0% | $11.7M+4072.0% | $281K+76.6% | $159K |
| Borrowing – current portion | $1.1M | — | — | — |
| Operating lease liabilities – current portion | $1.8M+52.2% | $1.2M+44.3% | $837K+140.9% | $348K |
| Total current liabilities | $72.5M-15.6% | $86.0M+54.0% | $55.9M-37.2% | $89.0M |
| Borrowing – net of current portion | $805K | — | — | — |
| Operating lease liabilities – net of current portion | $3.3M+48.9% | $2.2M-28.6% | $3.1M | — |
| Total liabilities | $101.6M+15.2% | $88.2M+49.7% | $58.9M-33.8% | $89.0M |
| Common stock, par value $0.0001 per share; 140,000,000 shares authorized; 57,193,734 and 56,470,636 shares issued and outstanding as of June 30, 2025 and June 30, 2024 | $5719.00+1.3% | $5647.00+4.1% | $5422.00+8.4% | $5000.00 |
| Treasury stock, at cost | -$60K | — | — | — |
| Additional paid-in capital | $48.8M+13.0% | $43.2M+68.3% | $25.7M | — |
| Accumulated deficit | -$48.1M-444.6% | -$8.8M-248.5% | $5.9M-50.3% | $11.9M |
| Accumulated other comprehensive (loss)/income | -$109K-286.6% | $58K+135.6% | -$164K | — |
| Total stockholders’ equity | $605K-98.2% | $34.5M+9.5% | $31.5M+167.4% | $11.8M |
| Total liabilities and stockholders’ equity | $102.2M-16.7% | $122.6M+35.7% | $90.4M-10.3% | $100.7M |
| Related Party | ||||
| Accounts payable – related party | $52.4M-21.8% | $67.0M+29.7% | $51.7M+23.1% | $42.0M |
| Amount due to a related party | $25.0M | — | — | — |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.