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AsiaStrategy

SORA Clue Score47
Cayman Islands CIK 0002033515
$2.40 +6.67% Close, 9 Oct 2026
Price $2.40 −60.59% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 2 Apr 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue14.2Operating income0.2Net income0.1EPS, diluted0.00Fiscal year 2023Revenue18.8 +32.3%Operating income0.5Net income0.2 +173.3%EPS, diluted0.01 +172.2%Fiscal year 2024Revenue17.6 −6.4%Operating income0.2Net income−0.0 −121.5%EPS, diluted−0.00 −120.4%Fiscal year 2025Revenue11.0 −37.7%Operating income−1.6Net income12.3EPS, diluted0.50
FY2022FY2023FY2024FY2025
Revenue 14.2 18.8 17.6 11.0
Growth +32.3% −6.4% −37.7%
Operating income 0.2 0.5 0.2 −1.6
Net income 0.1 0.2 −0.0 12.3
Growth +173.3% −121.5%
EPS, diluted 0.00 0.01 −0.00 0.50
Growth +172.2% −120.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin8.9%Operating margin1.4%Net margin0.5%Fiscal year 2023Gross margin7.3%Operating margin2.8%Net margin1.0%Fiscal year 2024Gross margin8.0%Operating margin1.3%Net margin−0.2%Fiscal year 2025Gross margin3.5%Operating margin−14.3%Net margin111.9%Free cash flow margin−39.4%
FY2022FY2023FY2024FY2025
Gross margin 8.9% 7.3% 8.0% 3.5%
Operating margin 1.4% 2.8% 1.3% −14.3%
Net margin 0.5% 1.0% −0.2% 111.9%
Free cash flow margin n/a n/a n/a −39.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow−2.2Dividends paid−0.4Fiscal year 2023Operating cash flow1.4Fiscal year 2024Operating cash flow−0.5Fiscal year 2025Operating cash flow−4.3Capital expenditure−0.0Free cash flow−4.3
FY2022FY2023FY2024FY2025
Operating cash flow −2.2 1.4 −0.5 −4.3
Capital expenditure n/a n/a n/a −0.0
Free cash flow n/a n/a n/a −4.3
Growth
Dividends paid −0.4 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash1.2Shareholders’ equity−0.8Fiscal year 2023Cash1.5Total debt5.8Net cash (debt)−4.3Shareholders’ equity−0.6Fiscal year 2024Cash2.6Total debt5.2Net cash (debt)−2.5Shareholders’ equity1.4Debt to equity3.77Fiscal year 2025Cash1.5Total debt4.2Net cash (debt)−2.7Shareholders’ equity21.8Debt to equity0.19
FY2022FY2023FY2024FY2025
Cash 1.2 1.5 2.6 1.5
Total debt n/a 5.8 5.2 4.2
Net cash (debt) n/a −4.3 −2.5 −2.7
Shareholders’ equity −0.8 −0.6 1.4 21.8
Debt to equity n/a n/a 3.77 0.19

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
−2.2 1.4 −0.5 −4.3
Growth −134.0%
Investment
n/a n/a n/a −0.0
calc n/a n/a n/a −4.3
Growth
calc n/a n/a n/a −0.18
n/a n/a n/a −15.0
Financing
2.0 −1.0 2.0 17.8
−0.4 n/a n/a n/a

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.