Earnings ·
Creative Global Technology Holdings Limited filed unaudited interim financial statements for the six months ended…
CGTLCreative Global Technology Holdings Ltd
Creative Global Technology Holdings Limited filed unaudited interim financial statements for the six months ended March 31, 2026. Revenues increased 50.3% to $18.4 million from $12.2 million in the prior year period, driven by a proactive inventory destocking strategy that boosted smartphone shipment volumes. Despite higher sales, the company reported a gross loss of $3.8 million (negative 20.5% margin) compared to a $1.5 million profit previously, as aging inventory was sold at reduced prices and write-downs were recognized in cost of revenues. Net loss narrowed significantly to $3.8 million from $15.3 million, primarily due to the absence of a $15.8 million one-time share-based compensation expense incurred in the prior year period. Cash reserves rose 166.6% to $0.5 million as operating cash flow turned positive at $0.4 million. The company operates in the wholesale and retail trade of pre-owned consumer electronic devices.