Welcome to our dedicated page for Creative Global Technology Holdings news (Ticker: CGTL), a resource for investors and traders seeking the latest updates and insights on Creative Global Technology Holdings stock.
Creative Global Technology Holdings Limited (CGTL) is a Hong Kong-based company that sources and resells recycled consumer electronic devices, with a focus on smartphones, tablets, laptops and other consumer electronics. Its ordinary shares trade on the Nasdaq Capital Market under the ticker CGTL, and the company regularly releases updates through press releases and SEC filings.
This news page aggregates announcements and disclosures from Creative Global Technology Holdings Limited, giving readers a centralized view of the company’s public communications. Recent items include financial results for the fiscal year ended September 30, 2024, where the company discussed revenue, gross profit, income from operations and net income, as well as product mix across smartphones, tablets, and laptops and other devices. The company has also reported unaudited financial results for the six months ended March 31, 2025, detailing revenue trends, gross profit, net loss, and the impact of share-based compensation.
Visitors can review updates on CGTL’s capital markets activities, such as the pricing and closing of its initial public offering and the exercise of the underwriter’s over-allotment option. The company has also disclosed a Nasdaq notification letter regarding minimum bid price requirements, explaining the compliance period and the fact that the notification had no immediate effect on the listing of its ordinary shares.
By following this page, readers can track how Creative Global Technology Holdings Limited communicates its financial performance, business developments in its recycling and resale operations, and regulatory or listing-related notices. The news feed reflects the company’s role in the circular economy for consumer electronics and its ongoing interaction with investors and the public markets.
Creative Global Technology Holdings (NASDAQ:CGTL), a Hong Kong-based consumer electronics recycling company, reported significant declines in its financial performance for H1 2025. The company saw revenues drop 40.4% to $12.2 million compared to $20.5 million in H1 2024.
The company reported a net loss of $15.3 million, compared to a net income of $1.5 million in the prior year period, primarily due to decreased sales, lower gross profit, and a $15.8 million share-based compensation expense. Gross profit margin declined to 12.6% from 13.1%. Cash position weakened to $0.2 million, down 50.2% from September 2024.
Notable developments include the company's IPO completion on November 26, 2024, raising $4.6 million in net proceeds, and the implementation of a 2024 Stock Incentive Plan granting 4,287,500 Ordinary Shares.
Creative Global Technology Holdings (NASDAQ: CGTL), a Hong Kong-based recycled consumer electronics reseller, has received a Nasdaq notification letter regarding non-compliance with the minimum bid price requirement. The company's shares traded below $1.00 for 30 consecutive business days from July 28 to September 9, 2025.
CGTL has been granted a 180-day compliance period until March 9, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. The company's shares will continue trading on Nasdaq uninterrupted. If compliance is not achieved by the deadline, CGTL may be eligible for an additional grace period, provided it meets other listing requirements and considers options including a reverse stock split.
Creative Global Technology Holdings (CGTL) reported financial results for fiscal year 2024, showing mixed performance. While revenue decreased 29.2% to $35.6 million from $50.3 million in 2023, the company achieved record-high profitability metrics. Gross profit increased 27.5% to $6.3 million, with margin expanding to 17.8% from 9.9%. Net income grew 34.4% to $4.3 million.
The company's strategic focus on higher-margin orders led to improved profitability across all product categories. Smartphone sales, representing 73.8% of revenue, saw average selling prices increase from $272 to $390. The company recently completed its IPO, raising total gross proceeds of $5.75 million including the full exercise of the underwriter's over-allotment option.
Creative Global Technology Holdings (CGTL), a Hong Kong-based company specializing in recycled consumer electronics, has completed its initial public offering on the Nasdaq Capital Market. The company sold 1,250,000 ordinary shares at $4.00 per share, raising $5,000,000 in gross proceeds. Additionally, CGTL raised $750,000 through the full exercise of the underwriter's over-allotment option of 187,500 shares. Trading began on November 26, 2024, under the symbol 'CGTL'. The proceeds will fund general corporate purposes, wholesale business expansion, retail growth, overseas market development, and a repair facility establishment.
Creative Global Technology Holdings (CGTL), a Hong Kong-based company focused on recycled consumer electronics, has announced the pricing of its initial public offering. The company is offering 1,250,000 ordinary shares at $4.00 per share, aiming to raise $5,000,000 in gross proceeds. Trading will commence on November 26, 2024, on the Nasdaq Capital Market under ticker 'CGTL'. The underwriters have a 45-day option to purchase up to 187,500 additional shares. Proceeds will fund general corporate purposes, wholesale business expansion, retail growth, overseas market development, and construction of a repair facility.
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