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Company updateOfficial company source

Phaos discloses going-concern uncertainty in AssentSure PAC audit

AssentSure PAC’s audit report for the fiscal year ended April 30, 2026 includes a going-concern explanatory paragraph expressing substantial doubt about the Company’s ability to continue operating as a going concern. Management identified no immediate liquidation concern and outlined mitigation plans involving debt and equity financing, product-sale cash flows, and potential shareholder support. The Company cautioned that these plans do not assure financing or shareholder support or resolve the going-concern unc...

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EarningsOfficial company source

Phaos Technology Holdings reports FY2026 results, revenue S$132,077 vs S$167,707 prior year

Phaos Technology Holdings (Cayman) Limited (NYSE American: POAS) announced the filing of its Annual Report on Form 20-F for the fiscal year ended April 30, 2026, with revenue of S$132,077 versus S$167,707 in fiscal year 2025. The company stated the revenue decline was primarily attributable to delayed customer orders expected to be captured in fiscal year 2027, alongside non-recurring costs associated with the November 2025 initial public offering and substantial business development expenditure. Cash and cash e...

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