Sangrix FY26 net loss widens to USD 14.3 million; operating loss more than quadruples to USD 14.3 million - SGRX News | RalliesSangrix FY26 net loss widens to USD 14.3 million; operating loss more than quadruples to USD 14.3 million
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SGRX• AI server purchase signals business pivot
- The business pivot accelerated with a June 28 agreement to buy about $11 million of NVIDIA Blackwell B300 AI servers.
- Sangrix said it is targeting Malaysia deployment in Q3 2026.
FY26 results widen as crypto losses weigh on earnings
- Sangrix posted a net loss of $14.3 million for fiscal 2026, widening 227.1% from the prior year.
- Operating loss widened to $14.3 million, up 377.3%, while general and administrative expense fell 10.7% to $2.8 million.
- Results included a $10.9 million loss from changes in the fair value of crypto assets and a $0.6 million provision for credit losses.
- Net cash used in operating activities increased to $2.9 million from $2.3 million, while cash provided by financing activities rose to $4.6 million.
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