Canopy Wave, SAIheat subsidiary, posts 2025 net income of US$535,000
SAIH•Canopy Wave reported net income of US$535,000 for 2025. Revenue rose to US$12.37 million from US$6.32 million, while operating income was US$908,000, compared with a US$1.35 million loss a year earlier.
1. Revenue and income rose
Canopy Wave, a subsidiary of SAIheat Limited, reported net income of US$535,000 for the year ended Dec. 31, 2025. Revenue increased to US$12.37 million from US$6.32 million, led by US$6.28 million in service contract revenue. Operating income was US$908,000, compared with an operating loss of US$1.35 million in the prior year.
2. Cash and borrowings
Cash and cash equivalents totaled US$3.03 million at Dec. 31, 2025, up from US$1.52 million a year earlier. Long-term borrowings increased to US$1.76 million from US$1.56 million.
