Earnings ·
Creative Global Technology Holdings reports 50.3% revenue increase to $18.4M, net loss narrows to $3.8M
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.