PN Smart turns to net loss of USD 7.1 million in FY26 first half; revenue rises 5.5% to USD 25.5 million
PN•First-half results
- PN Smart Energy posted a net loss of USD 7.1 million, swinging from profit, as revenue rose 5.5% to USD 25.5 million.
- Gross profit fell 20.2% to USD 3 million, pushing gross margin down 3.7 percentage points to 11.6%.
- International revenue surged 44.6% to USD 10.8 million; R&D spending more than tripled to USD 1.1 million.
Balance sheet and management comment
- Total assets climbed 29.5% to USD 58.9 million; shareholders’ equity jumped 47.7% to USD 33.2 million.
- CEO Weiqi Huang said USD 5.6 million of the USD 7.1 million loss was a one-time, non-cash share-based compensation charge.
Related News
Roper Technologies presents at Oppenheimer Technology, Internet & Communications Conference
ROP•
Intuitive Machines wins L3Harris contract to build 18 missile-tracking satellite platforms for SDA Tranche 3
LUNR•
