Core Insights - Skycorp Solar Group Limited reported strong revenue growth of 26.97% for fiscal year 2025, reaching approximately $63.31 million, primarily driven by the solar PV product business, which now constitutes over 97% of total revenue [4][5][6] - The company is focusing on expanding its core PV cable operations and related services, while also investing in integrated energy solutions and AI-enabled energy management to enhance efficiency and asset value [3][5] Financial Performance - Total revenue increased to approximately $63.31 million, up from approximately $49.86 million in fiscal 2024, reflecting a 26.97% year-over-year growth [4][5] - Solar PV revenue grew by 32.61% to approximately $61.65 million, accounting for 97.37% of total revenue, compared to 93.23% in fiscal 2024 [6] - Overseas revenue surged by 140.82%, reaching approximately $24.00 million, driven by increased international demand for solar PV products [5][11] Cost and Profitability - Cost of revenues rose to approximately $57.01 million, with solar PV product costs increasing by 37.59% to approximately $55.50 million, aligning with revenue growth [8] - Gross profit was approximately $6.30 million, with a gross margin decline to 9.95% from 13.10%, attributed to pricing pressures and increased competition [9][10] Operating Expenses - Selling and marketing expenses increased to approximately $2.34 million, up 29.35%, mainly due to higher international shipping costs [11] - General and administrative expenses rose significantly to approximately $4.82 million from approximately $1.73 million, driven by higher compliance-related professional fees and increased facility rental costs [12] Net Income and Liquidity - The company recorded a net loss of approximately $2.21 million for fiscal 2025, compared to a net income of approximately $1.17 million in fiscal 2024, primarily due to margin compression and higher operating expenses [13] - As of September 30, 2025, cash and cash equivalents increased to approximately $9.34 million from $5.17 million in fiscal 2024, indicating improved liquidity [14][20]