Research analysts covering Creative Global Technology Holdings.
Recent press releases and 8-K filings for CGTL.
Creative Global Technology Holdings Limited Announces Fiscal 2025 First Half Financial Results
CGTL
Earnings
Profit Warning
Demand Weakening
- Creative Global Technology Holdings Limited (CGTL) reported revenues of $12.2 million for the six months ended March 31, 2025, marking a 40.4% decrease from the prior year, primarily attributed to weaker market demand and reduced customer orders.
- The company posted a net loss of $15.3 million, or $0.714 loss per basic and diluted share, for the six months ended March 31, 2025, a significant decline from a net income of $1.5 million in the comparable period of 2024.
- This net loss was substantially influenced by $15,776,500 in share-based compensation recognized during the six months ended March 31, 2025, compared to $0 in the prior year.
- As of March 31, 2025, cash and cash equivalents stood at $0.2 million, a 50.2% decrease from September 30, 2024, despite the company closing its initial public offering (IPO) on November 26, 2024, which generated approximately $4.6 million in net proceeds.
Sep 29, 2025, 8:53 PM
Creative Global Technology Holdings Limited Receives Nasdaq Minimum Bid Price Deficiency Notification
CGTL
Delisting/Listing Issues
- Creative Global Technology Holdings Limited (CGTL) received a Nasdaq notification letter on September 10, 2025, stating non-compliance with the minimum bid price requirement.
- The deficiency arose because the closing bid price of the company's Class A ordinary shares was below $1.00 for 30 consecutive business days, from July 28, 2025, to September 9, 2025.
- The company has a 180-calendar-day compliance period, until March 9, 2026, to regain compliance by achieving a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.
- This notification does not result in immediate delisting, and CGTL shares will continue to trade uninterrupted.
- If compliance is not met by March 9, 2026, the company may be eligible for an additional grace period, potentially requiring a reverse stock split to cure the deficiency.
Sep 12, 2025, 3:02 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more