Creative Global Technology management says six-month FY2026 revenue climbs 50.3% on inventory destocking, higher shipment volume
CGTL•Net loss narrows and cash improves
Net loss narrowed to US$3.76 million as prior-year share-based compensation did not repeat.
Operating cash flow turned positive at US$0.4 million on a US$7.9 million inventory reduction; cash rose to US$0.5 million.
Revenue rises on higher wholesale shipments
Management commentary for fiscal 2026 first half flagged revenue up 50.3% to US$18.41 million, led by higher wholesale shipments.
Margins and write-downs reflect destocking strategy
Gross margin swung to a US$3.78 million loss as a temporary eSIM-driven destocking strategy pushed selling prices lower.
Inventory disposals of aging stock drove US$2.08 million in write-downs, booked in cost of revenues.
