<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.
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