The company remains in a pre-commercial phase with zero revenue reported across all observed quarters while sustaining consistent quarterly SG&A expenses as high as $511.4K.
| Sales/Revenue | 0 | 6.11M | 437.97K | 278.66K |
| Revenue Growth % | -100% | 1295.33% | 57.17% | - |
| Cost of Goods Sold | 0 | 5.57M | 795.29K | 651.08K |
| COGS % of Revenue | - | 91.22% | 181.58% | 233.65% |
| Gross Profit | 0 | 536.46K | -357.32K | -372.42K |
| Gross Margin % | - | 8.78% | -81.58% | -133.65% |
| Gross Profit Growth % | -100% | 250.13% | 4.06% | - |
| Operating Expenses | 1.62M | 6.41M | 6.36M | 4.89M |
| OpEx % of Revenue | - | 104.91% | 1452.6% | 1755.81% |
| Selling, General & Admin | 1.62M | 4.51M | 4.06M | 2.95M |
| SG&A % of Revenue | - | 73.83% | 928.02% | 1058.58% |
| Research & Development | 0 | 1.7M | 2.3M | 1.94M |
| R&D % of Revenue | - | 27.79% | 524.57% | 697.23% |
| Other Operating Expenses | 0 | 200.84K | 0 | 0 |
| Operating Income | -1.62M | -5.87M | -6.72M | -5.27M |
| Operating Margin % | - | -96.13% | -1534.18% | -1889.46% |
| Operating Income Growth % | 72.39% | 12.57% | -27.62% | - |
| EBITDA | -215.49K | -5.12M | -6.04M | -4.79M |
| EBITDA Margin % | - | -83.81% | -1380.16% | -1718.22% |
| EBITDA Growth % | 95.79% | 15.27% | -26.25% | - |
| D&A (Non-Cash Add-back) | 0 | 752.95K | 674.57K | 477.18K |
| EBIT | -215.49K | -5.61M | -6.47M | -5.2M |
| Net Interest Income | 1.41M | -369.85K | -151.49K | -61.31K |
| Interest Income | 1.41M | 0 | 0 | 0 |
| Interest Expense | 0 | 369.85K | 151.49K | 61.31K |
| Other Income/Expense | 1.41M | -106.16K | 101.04K | 2.08K |
| Pretax Income | -215.49K | -5.98M | -6.62M | -5.26M |
| Pretax Margin % | - | -97.87% | -1511.11% | -1888.71% |
| Income Tax | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% |
| Net Income | -215.49K | -7.67M | -9.61M | -5.58M |
| Net Margin % | - | -125.44% | -2195.22% | -2004.22% |
| Net Income Growth % | 97.19% | 20.27% | -72.15% | - |
| Net Income (Continuing) | -215.49K | -5.98M | -6.62M | -5.26M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | -279.16K | -165.56K | -137.77K |
| EPS (Diluted) | -0.03 | -0.11 | -0.13 | -0.08 |
| EPS Growth % | 73.09% | 15.38% | -69.05% | - |
| EPS (Basic) | -0.03 | -0.11 | -0.13 | -0.08 |
| Diluted Shares Outstanding | 7.29M | 72.65M | 72.65M | 72.65M |
| Basic Shares Outstanding | 7.29M | 72.65M | 72.65M | 72.65M |
| Dividend Payout Ratio | - | - | - | - |
Extreme Liquidity and Solvency Risk
As indicated by the company's historical financial filings, SCAG has reported zero revenue across all observed quarters, confirming its status as a pre-commercial entity that has yet to validate its core business model within the competitive Chinese heavy-duty vehicle manufacturing market.
The complete lack of top-line generation suggests that the company remains in a developmental or pilot phase, with no evidence of repeatable commercial traction. Investors should monitor the conversion of non-binding MOUs into firm orders, as the current trajectory provides no indication of when, or if, revenue will materialize.
According to the provided income statement data, the company consistently incurs quarterly SG&A expenses ranging between $321.2K and $511.4K, which, in the absence of any offsetting revenue, highlights a structural reliance on external capital to sustain basic administrative and operational functions.
The persistence of these overhead costs without corresponding R&D investment suggests a potential misalignment between capital allocation and the stated goal of developing specialized hydrogen powertrain technology. This expense discipline appears insufficient to preserve the company's extremely limited liquidity, warranting significant concern regarding the sustainability of current operations.
Based on reported figures, the company's net income has fluctuated between a profit of $242.1K in 2024Q1 and a loss of $310.7K in 2024Q4, suggesting that these bottom-line results are likely driven by non-operating items rather than core industrial performance.
The presence of positive net income in periods devoid of revenue implies the influence of accounting adjustments, such as warrant liability revaluations or other non-cash items typical of SPAC-related entities. Analysts should discount these earnings figures entirely, as they do not reflect the underlying cash-burning nature of the business.
As reported in recent financial disclosures, the company's cash position of only $769 represents a critical liquidity shortfall that appears to leave the firm unable to fund ongoing operations or meet its immediate financial obligations without an urgent and likely dilutive capital infusion.
This extreme lack of capital suggests that the company may face a near-term solvency event, rendering traditional valuation metrics largely irrelevant. The discrepancy between the company's public listing status and its reported cash balance warrants immediate skepticism regarding its ability to continue as a going concern.
Quick answers to the most common questions about buying SCAG stock.
For fiscal year 2024, Scage Future American Depositary Shares (SCAG) reported total revenue of $0.0M. This represents a 100.0% decline compared to $0.3M in 2021.
Scage Future American Depositary Shares (SCAG) reported a net loss of $0.2M for the fiscal year ending 2024.