Autozi Internet Technology (Global) Ltd.

Autozi Internet Technology (Global) Ltd. (AZI) reported FY 2025 results with revenues of $122.8M, up from prior periods though exact YoY not disclosed, driven by core operations but offset by high costs. Gross profit stood at $2.2M from $122.8M revenues and $120.6M cost of revenues, yielding a slim gross margin. Total operating expenses of $19.7M, including $16.5M G&A, $2.1M selling/marketing, and $1.1M R&D, led to an operating loss of -$17.5M. Other expenses included litigation -$4.3M, interest $2.1M, and fair value changes on convertible notes -$948K, resulting in loss before tax of -$16.6M and net loss of -$16.6M. Net loss attributable to ordinary shareholders was -$16.5M, with basic/diluted EPS of -$7 on 2.1M weighted average shares. Balance sheet shows total assets $12.0M, heavily outweighed by $37.6M liabilities, yielding shareholders' deficit of -$25.6M. Cash used in operations was -$4.7M, with net cash decrease of -$2.2M to $2.1M end balance amid IPO proceeds of $9.0M and financing inflows. High debt ($9.5M convertibles, $9.0M short-term borrowings) and payables signal liquidity pressures, with forward significance tied to post-IPO stabilization and cost controls.

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