Sangrix FY26 net loss widens to USD 14.3 million; operating loss more than quadruples to USD 14.3 million

Bitget2026/09/18 21:26

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Sangrix posted a net loss of $14.3 million for fiscal 2026, widening 227.1% from the prior year.
Operating loss widened to $14.3 million, up 377.3%, while general and administrative expense fell 10.7% to $2.8 million.
Results included a $10.9 million loss from changes in the fair value of crypto assets and a $0.6 million provision for credit losses.
Net cash used in operating activities increased to $2.9 million from $2.3 million, while cash provided by financing activities rose to $4.6 million.
Business pivot accelerated with a June 28 agreement to buy about $11 million of NVIDIA Blackwell B300 AI servers, targeting Malaysia deployment in Q3 2026.

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. Sangrix Inc. 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: 0001104659-26-108989), on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sangrix FY26 net loss widens to USD 14.3 million; operating loss more than quadruples to USD 14.3 million

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