Canopy Wave, SAIheat subsidiary, posts 2025 net income of US$ 535,000
Bitget2026/09/30 10:03- Canopy Wave, a subsidiary of SAIheat Limited, posted net income of US$ 535,000 for the year ended Dec. 31, 2025.
- Total revenue rose to US$ 12.37 million from US$ 6.32 million in the prior period, led by service contract revenue of US$ 6.28 million.
- Operating income totaled US$ 908,000, swinging from an operating loss of US$ 1.35 million a year earlier.
- Cash and cash equivalents increased to US$ 3.03 million from US$ 1.52 million at Dec. 31, 2024.
- Canopy Wave reported long-term borrowings of US$ 1.76 million, up from US$ 1.56 million.
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