Singularity Future Technology Second Quarter 2024 Earnings: US$0.063 loss per share (vs US$1.76 loss in 2Q 2023)

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Singularity Future Technology (NASDAQ:SGLY) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$961.2k (down 36% from 2Q 2023).

  • Net loss: US$1.11m (loss narrowed by 70% from 2Q 2023).

  • US$0.063 loss per share (improved from US$1.76 loss in 2Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Singularity Future Technology shares are down 35% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 6 warning signs for Singularity Future Technology (3 shouldn't be ignored!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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