INLIF LIMITED Reports First Half of Fiscal Year 2026 Financial Results
Operating cash use increased even as INLIF moved from a net loss to net income.
Rhea-AI Summary
INLIF (INLF) reported $12.94 million in revenue for the six months ended June 30, 2026, up 26.01% year over year. Gross profit rose 158.77% to $4.65 million, and gross margin increased to 35.95% from 17.50%. Net income was $1.01 million, versus a $1.98 million loss a year earlier. Intelligent equipment generated $3.36 million in revenue, compared with none a year earlier.
Raw materials and scraps revenue fell to $4.20 million from $5.47 million. Selling expenses rose 50.21% to $0.62 million, while research and development expenses rose 49.18% to $1.15 million. Cash was $45.47 million at June 30, versus $6.72 million at year-end 2025; financing activities provided $56.25 million during the half-year. Operations used $3.27 million in cash, versus $2.94 million a year earlier. Class A shares outstanding rose from 2,000 at December 31 to 1,046,390 at June 30, with both counts retrospectively adjusted for subsequent share consolidations.
Positive
- Revenue rose 26.01% year over year to $12.94 million.
- Gross margin increased to 35.95% from 17.50%.
- Net income reached $1.01 million, versus a $1.98 million loss.
Negative
- Operating cash use rose to $3.27 million from $2.94 million.
- Raw materials and scraps revenue fell to $4.20 million from $5.47 million.
- Class A shares outstanding rose from 2,000 to 1,046,390 on a retrospectively adjusted basis.
News Explained
INLIF says it completed a PIPE offering and established an at-the-market program: the PIPE is a sale to selected investors, while the program lets INLIF sell new shares gradually at prevailing prices, which would reduce existing holders’ ownership percentages if shares are issued.
Details
Market move: INLF +49.15% vs previous close. 1H FY2026 earnings report
On Sep 24, the day this news came out, the latest delayed price for INLF is 49.15% above the previous close. Argus tracked a peak move of +50.3% during the session. Our momentum scanner has recorded 42 alerts for this stock so far that day. The latest delayed price is $4.40. Relative volume is exceptionally heavy at 99.9x the average.
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Key Figures
- Net revenue
- $12.94 million; up 26.01% from $10.27 million
- First half FY2026 versus first half FY2025
- Gross profit
- $4.65 million; up 158.77% from $1.80 million
- First half FY2026 versus first half FY2025
- Gross profit margin
- 35.95%, up from 17.50%
- First half FY2026 versus first half FY2025
- Net income
- $1.01 million, compared with a net loss of $1.98 million
- First half FY2026 versus first half FY2025
- Intelligent equipment revenue
- $3.36 million; 25.97% of total revenue
- First half FY2026; prior-year period had no revenue contribution
- Cash and cash equivalents
- $45.47 million, compared with $6.72 million
- As of June 30, 2026 versus December 31, 2025
- Net cash used in operating activities
- $3.27 million, compared with $2.94 million
- First half FY2026 versus first half FY2025
- Net cash provided by financing activities
- $56.25 million, compared with $6.91 million
- First half FY2026 versus first half FY2025
Previous Earnings Reports
-
Revenue growth accompanied a reported first-half net loss.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
pipe offering financial
at-the-market program financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
QUANZHOU, China, Sept. 24, 2026 /PRNewswire/ -- INLIF LIMITED (Nasdaq: INLF) (together with all its subsidiaries and consolidated entities, the "Company" or "INLIF"), a company engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, today announced its unaudited financial results for the first half of fiscal year 2026 ended June 30, 2026.
Mr. Rongjun Xu, Chief Executive Officer of INLIF, remarked, "We are pleased to present our financial results for the first half of fiscal year 2026, which reflect continued growth in both revenue and gross profit compared with the same period in fiscal year 2025. We have also reported net income of approximately
This growth was driven by the expansion of our customer base, rising demand for manipulator arms, and, in particular, sales from our newly launched intelligent equipment business, which generated
With net revenue increasing by
To sustain this growth momentum and expand our long-term growth potential, we continued to increase our investments in sales and research and development ('R&D'), with related expenses increasing by
Alongside increased investments in sales, technology, and new product development, we maintained disciplined cost management across the organization. As a result, general and administrative expenses decreased by
During the period, we also completed a PIPE offering and established an At-the-Market program to help support our operational and expansion needs. We believe these additional capital resources provide a solid foundation to support our business development for the foreseeable future. Moving forward, we will focus on strengthening our technological innovation and organic growth capabilities in an efficient and disciplined manner, while continuing to expand and consolidate our new business initiatives."
First Half of Fiscal Year 2026 Financial Highlights
- Net revenue was
$12.94 million 26.01% from$10.27 million
- Gross profit was
$4.65 million 158.77% from$1.80 million
- Gross profit margin increased to
35.95% for the first half of fiscal year 2026, from17.50% for the same period of last year.
- Net income was
$1.01 million $1.98 million
- Basic and diluted earnings per share were
$10.01 $427.48
First Half of Fiscal Year 2026 Financial Results
Net Revenue
Net revenue was
- Sales of manipulator arms and installation and warranty services were
$4.97 million 13.74% from$4.37 million
- Sales of accessories were
$0.40 million 3.04% from$0.39 million
- Sales of raw materials and scraps were
$4.20 million $5.47 million
- Sales of installation services were
$6,528 $41,523
- Sales of intelligent equipment were
$3.36 million
Cost of Revenue
Cost of revenue was
Gross Profit and Gross Profit Margin
Gross profit was
Gross profit margin increased to
Operating Expenses
Operating expenses were
- Selling expenses were
$0.62 million 50.21% from$0.41 million $0.10 million $0.02 million $0.03 million $0.06 million
- General and administrative expenses were
$1.76 million 34.42% from$2.68 million $1.63 million
- Research and development expenses were
$1.15 million 49.18% from$0.77 million
Net Income (Loss)
Net income was
Basic and Diluted Earnings (Loss) per Share
Basic and diluted earnings per share were
Financial Condition
As of June 30, 2026, the Company had cash and cash equivalents of
Net cash used in operating activities was
Net cash used in investing activities was
Net cash provided by financing activities was
About INLIF LIMITED
INLIF is a holding company and an exempted company incorporated in the Cayman Islands with limited liability. Through its operating entity in the People's Republic of China, Ewatt Robot Equipment Co. Ltd., established in September 2016, INLIF is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. It is also a provider of installation services and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The Company produces an extensive portfolio of injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms, all developed by itself. It has also built experience in industrial automation solutions, including in the new energy sector, as well as intelligent robotics in recent years. For more information, please visit the Company's website: https://ir.yiwate88.com/.
Forward-Looking Statements
Statements in this announcement with respect to the Company's current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of the Company. These forward-looking statements are made under the "safe-harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements include, but are not limited to, those statements using words such as "believe," "expect," "plans," "strategy," "prospects," "forecast," "estimate," "project," "anticipate," "approximate," "aim," "intend," "seek," "may," "might," "could" or "should," and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management's assumptions, judgments and beliefs in light of the information currently available to it. The Company cautions investors that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, including but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. Therefore, investors should not place undue reliance on such forward-looking statements. Actual results may differ significantly from those set forth in the forward-looking statements.
All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
For investor and media inquiries, please contact:
INLIF LIMITED
Investor Relations Department
Email: ir@yiwate88.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
|
INLIF LIMITED |
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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
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(Expressed in |
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As of |
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As of |
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ASSETS |
|
|
|
|
|
|
||
|
CURRENT ASSETS: |
|
|
|
|
|
|
||
|
Cash and cash equivalents |
|
$ |
45,465,962 |
|
|
$ |
6,717,787 |
|
|
Short-term investments |
|
|
3,000,000 |
|
|
|
— |
|
|
Accounts receivable, net |
|
|
8,842,220 |
|
|
|
5,906,938 |
|
|
Inventories |
|
|
6,747,700 |
|
|
|
5,497,426 |
|
|
Prepayments and other current assets |
|
|
235,803 |
|
|
|
96,086 |
|
|
Amounts due from related parties |
|
|
58,224 |
|
|
|
12,656 |
|
|
TOTAL CURRENT ASSETS |
|
$ |
64,349,909 |
|
|
$ |
18,230,893 |
|
|
|
|
|
|
|
|
|
|
|
|
NON-CURRENT ASSETS: |
|
|
|
|
|
|
|
|
|
Property, plant, and equipment, net |
|
$ |
16,201,530 |
|
|
$ |
4,248,793 |
|
|
Land-use rights, net |
|
|
2,216,734 |
|
|
|
2,175,012 |
|
|
Intangible assets, net |
|
|
38,781 |
|
|
|
40,315 |
|
|
Finance lease assets |
|
|
49,301 |
|
|
|
76,535 |
|
|
Deferred tax assets |
|
|
7,088 |
|
|
|
5,804 |
|
|
TOTAL NON-CURRENT ASSETS |
|
$ |
18,513,434 |
|
|
$ |
6,546,459 |
|
|
TOTAL ASSETS |
|
$ |
82,863,343 |
|
|
$ |
24,777,352 |
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
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|
|
|
|
|
|
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CURRENT LIABILITIES: |
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
2,475,510 |
|
|
$ |
3,286,866 |
|
|
Bank loans |
|
|
6,969,090 |
|
|
|
4,618,839 |
|
|
Contract liabilities |
|
|
211,465 |
|
|
|
8,674 |
|
|
Accrued expenses and other payables |
|
|
695,873 |
|
|
|
347,598 |
|
|
Warranty liabilities |
|
|
27,728 |
|
|
|
25,941 |
|
|
Income taxes payable |
|
|
100,882 |
|
|
|
— |
|
|
Amounts due to related parties |
|
|
858,911 |
|
|
|
281,871 |
|
|
Current finance lease liabilities |
|
|
45,342 |
|
|
|
57,326 |
|
|
TOTAL CURRENT LIABILITIES |
|
$ |
11,384,801 |
|
|
$ |
8,627,115 |
|
|
|
|
|
|
|
|
|
|
|
|
NON-CURRENT LIABILITIES: |
|
|
|
|
|
|
|
|
|
Finance lease liabilities |
|
$ |
— |
|
|
$ |
15,368 |
|
|
TOTAL NON-CURRENT LIABILITIES |
|
$ |
— |
|
|
$ |
15,368 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
$ |
11,384,801 |
|
|
$ |
8,642,483 |
|
|
|
|
|
|
|
|
|
|
|
|
COMMITMENTS AND CONTINGENCIES (NOTE 22) |
|
|
|
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|
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|
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|
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SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Class A Ordinary Share, |
|
$ |
334,845 |
|
|
$ |
640 |
|
|
Class B Ordinary Share, |
|
|
1,250 |
|
|
|
1,250 |
|
|
Additional paid-in capital |
|
|
70,887,594 |
|
|
|
17,727,063 |
|
|
Statutory reserve |
|
|
539,506 |
|
|
|
361,083 |
|
|
Retained earnings |
|
|
(1,413,847) |
|
|
|
(2,244,434) |
|
|
Accumulated other comprehensive income |
|
|
1,129,194 |
|
|
|
289,267 |
|
|
TOTAL SHAREHOLDERS' EQUITY |
|
$ |
71,478,542 |
|
|
$ |
16,134,869 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
|
$ |
82,863,343 |
|
|
$ |
24,777,352 |
|
|
|
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* The shares are presented on a retrospective basis to give effect to the 1-for-200 share consolidation of the Company's authorized and issued ordinary shares effective July 6, 2026, following the 1-for-16 shareconsolidation of the Company's authorized and issued ordinary shares effective April 6, 2026. |
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INLIF LIMITED |
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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND |
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COMPREHENSIVE INCOME (LOSS) |
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|
(Expressed in |
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|
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For the six months |
|
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|
2026 |
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|
2025 |
|
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|
Revenues |
|
$ |
12,942,657 |
|
|
$ |
10,270,988 |
|
|
Cost of revenues |
|
|
(8,290,252) |
|
|
|
(8,473,079) |
|
|
Gross profit |
|
|
4,652,405 |
|
|
|
1,797,909 |
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
Selling expenses |
|
|
(618,931) |
|
|
|
(412,056) |
|
|
General and administrative expenses |
|
|
(1,759,047) |
|
|
|
(2,682,433) |
|
|
Research and development expenses |
|
|
(1,149,759) |
|
|
|
(770,713) |
|
|
Total operating expenses |
|
|
(3,527,737) |
|
|
|
(3,865,202) |
|
|
Operating income (loss) |
|
|
1,124,668 |
|
|
|
(2,067,293) |
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expenses): |
|
|
|
|
|
|
|
|
|
Interest income |
|
|
12,389 |
|
|
|
135,574 |
|
|
Interest expenses |
|
|
(63,367) |
|
|
|
(94,780) |
|
|
Other income, net |
|
|
45,030 |
|
|
|
19,810 |
|
|
Other expense, net |
|
|
(3,972) |
|
|
|
(4,272) |
|
|
Exchange gain |
|
|
19,358 |
|
|
|
33,838 |
|
|
Total other income, net |
|
|
9,438 |
|
|
|
90,170 |
|
|
Income (Loss) before income tax |
|
|
1,134,106 |
|
|
|
(1,977,123) |
|
|
Income tax (expenses) benefits |
|
|
(125,096) |
|
|
|
1,703 |
|
|
Net income (loss) |
|
$ |
1,009,010 |
|
|
$ |
(1,975,420) |
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss) |
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
1,009,010 |
|
|
$ |
(1,975,420) |
|
|
Foreign currency translation adjustments, net of tax |
|
|
839,927 |
|
|
|
218,808 |
|
|
Comprehensive income (loss) |
|
$ |
1,848,937 |
|
|
$ |
(1,756,612) |
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (Loss) per share, basic and diluted |
|
$ |
10.01 |
|
|
$ |
(427.48) |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares* |
|
|
100,826 |
|
|
|
4,621 |
|
|
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* The shares are presented on a retrospective basis to reflect the 1-for-16 share consolidation effective April 6, 2026 |
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|
INLIF LIMITED |
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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
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(Expressed in |
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For the six months |
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|
2026 |
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|
2025 |
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Cash flows from operating activities: |
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|
|
|
|
|
||
|
Net income (loss) |
|
$ |
1,009,010 |
|
|
$ |
(1,975,420) |
|
|
Adjustments to reconcile net (loss) income to net cash used in operating activities: |
|
|
|
|
|
|
|
|
|
Share-based compensation |
|
|
— |
|
|
|
1,764,000 |
|
|
Depreciation and amortization |
|
|
175,074 |
|
|
|
141,432 |
|
|
Allowance for (reversal of) credit losses |
|
|
20,500 |
|
|
|
(2,333) |
|
|
Amortization of finance lease right of use assets |
|
|
30,754 |
|
|
|
868 |
|
|
Deferred tax assets |
|
|
(1,285) |
|
|
|
(1,822) |
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
|
Accounts receivable |
|
|
(2,955,782) |
|
|
|
(3,299,235) |
|
|
Inventories |
|
|
(1,250,274) |
|
|
|
1,637,759 |
|
|
Prepayments and other current assets |
|
|
(139,718) |
|
|
|
(78,431) |
|
|
Accounts payable |
|
|
(811,356) |
|
|
|
(1,406,480) |
|
|
Interest expense on finance lease liabilities |
|
|
929 |
|
|
|
541 |
|
|
Contract liabilities |
|
|
202,791 |
|
|
|
(1,712) |
|
|
Accrued expenses and other payables |
|
|
348,276 |
|
|
|
281,237 |
|
|
Warranty liabilities |
|
|
1,787 |
|
|
|
14,478 |
|
|
Income taxes payable |
|
|
100,882 |
|
|
|
(18,430) |
|
|
Net cash used in operating activities |
|
|
(3,268,412) |
|
|
|
(2,943,548) |
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
Purchase of property, plant, and equipment |
|
|
(11,837,047) |
|
|
|
(618,796) |
|
|
Purchases of short-term investments |
|
|
(3,000,000) |
|
|
|
— |
|
|
Loans to related parties |
|
|
(45,568) |
|
|
|
(1,070) |
|
|
Loan to a third party |
|
|
— |
|
|
|
(4,400,000) |
|
|
Net cash used in investing activities |
|
|
(14,882,615) |
|
|
|
(5,019,866) |
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
Issuance of ordinary shares, net of offering costs |
|
|
— |
|
|
|
7,060,133 |
|
|
Net proceeds from PIPE offering |
|
|
32,344,244 |
|
|
|
— |
|
|
Net proceeds from ATM offering |
|
|
21,150,492 |
|
|
|
— |
|
|
Principal payments on finance lease liabilities |
|
|
(31,449) |
|
|
|
(10,741) |
|
|
Proceeds from short-term loans |
|
|
4,715,034 |
|
|
|
3,196,717 |
|
|
Repayment of short-term loans |
|
|
(2,506,375) |
|
|
|
(3,336,311) |
|
|
Amount financed from related parties |
|
|
578,369 |
|
|
|
— |
|
|
Amount repaid to related parties |
|
|
(1,330) |
|
|
|
— |
|
|
Net cash provided by financing activities |
|
|
56,248,985 |
|
|
|
6,909,798 |
|
|
Effect of exchange rate changes |
|
|
650,217 |
|
|
|
301,762 |
|
|
Net increase (decrease) in cash |
|
|
38,748,175 |
|
|
|
(751,854) |
|
|
Cash and cash equivalents at beginning of the period |
|
|
6,717,787 |
|
|
|
2,467,638 |
|
|
Cash and cash equivalents at end of the period |
|
$ |
45,465,962 |
|
|
$ |
1,715,784 |
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental disclosures of cash flows information: |
|
|
|
|
|
|
|
|
|
Cash paid for income taxes |
|
|
24,722 |
|
|
|
15,326 |
|
|
Cash paid for interest expense |
|
|
64,168 |
|
|
|
94,780 |
|
|
|
|
|
|
|
|
|
|
|
|
Supplementary disclosure of non-cash information: |
|
|
|
|
|
|
|
|
|
Right of use assets obtained in exchange for finance lease liabilities |
|
|
— |
|
|
|
112,071 |
|
View original content:https://www.prnewswire.com/news-releases/inlif-limited-reports-first-half-of-fiscal-year-2026-financial-results-302889709.html
SOURCE INLIF LIMITED
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What drove INLIF's revenue growth in the first half of fiscal 2026?
Intelligent equipment generated $3.36 million in revenue, compared with none in the same period a year earlier. Manipulator arms, including installation and warranty services, generated $4.97 million, up from $4.37 million. Those gains were partly offset by lower raw materials and scraps revenue.
Why did INLIF's general and administrative expenses fall in the first half of fiscal 2026?
General and administrative expenses fell 34.42% to $1.76 million, primarily because there were no grants comparable to the equity incentives awarded to three administrative employees in the first half of 2025. Share-based compensation expense decreased by approximately $1.63 million.