Quarterly ResultJul 17, 2026, 01:26 PM
Highway Holdings Reports FY26 Net Loss of $1.5M; Sales Down 35%
AI Summary
Highway Holdings Limited reported a challenging fiscal fourth quarter and full year 2026, with net sales significantly declining due to reduced orders from major customers in Myanmar and tariffs. For Q4 2026, net sales were $0.93 million, leading to a net loss of $1.1 million. Full year 2026 net sales dropped to $4.8 million from $7.4 million in FY25, resulting in a net loss of $1.5 million. The company also recorded a $125,000 impairment charge and is focused on diversifying its OEM business, highlighted by the acquisition of Regent-Feinbau on March 1, 2026.
Key Highlights
- Fiscal Q4 2026 net sales were $0.93 million, down from $1.5 million YoY.
- Fiscal Q4 2026 net loss was $1.1 million, or $0.24 per basic share.
- Fiscal Year 2026 net sales were $4.8 million, down from $7.4 million YoY.
- Fiscal Year 2026 net loss was $1.5 million, or $0.33 per basic share.
- Recorded a $125,000 impairment charge for long-lived and ROU assets in FY26.
- Acquired Regent-Feinbau on March 1, 2026, to diversify and strengthen manufacturing.
- Cash balance at March 31, 2026, was approximately $4.4 million.
Price Impact
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