Scage Future reports net loss of $13.1 million on $11.1 million revenue for fiscal year 2025

Reuters

2025/11/13

<a href="https://laohu8.com/S/SCAG">Scage Future</a> reports net loss of $13.1 million on $11.1 million revenue for fiscal year 2025

Scage Future reported net revenues of $11.1 million for the fiscal year ended June 30, 2025, up from $6.1 million in the previous year. Revenues from sales of new energy vehicles (NEVs) and components rose to $10.9 million in 2025, primarily due to increased sales of NEV components, partially offset by a decrease in NEV sales. The company recorded a gross loss of $0.7 million in 2025, compared to a gross profit of $0.5 million in 2024. The gross loss margin for 2025 was 6.4%, compared to a gross profit margin of 8.8% in 2024. The gross loss was mainly attributed to lower profit margins in NEV component sales and the dismantling and low-price sale of six Dragon King vehicles following a decline in market demand. Operating expenses increased by 98.1% year-over-year, reaching $12.7 million in 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scage Future published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-109190), on November 12, 2025, and is solely responsible for the information contained therein.

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Revenues from sales of new energy vehicles (NEVs) and components rose to $10.9 million in 2025, primarily due to increased sales of NEV components, partially offset by a decrease in NEV sales. The company recorded a gross loss of $0.7 million in 2025, compared to a gross profit of $0.5 million in 2024. The gross loss margin for 2025 was 6.4%, compared to a gross profit margin of 8.8% in 2024. The gross loss was mainly attributed to lower profit margins in NEV component sales and the dismantling and low-price sale of six Dragon King vehicles following a decline in market demand. Operating expenses increased by 98.1% year-over-year, reaching $12.7 million in 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scage Future published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-109190), on November 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4149","symbol_name":"建筑机械与重型卡车","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251112:nNDLc2JFfW:1","article_id":"2583958878","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583958878","pubTimestamp":1762981977,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Scage Future reported net revenues of $11.1 million for the fiscal year ended June 30, 2025, up from $6.1 million in the previous year. 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