Linkage Global (NASDAQ: UZX) reported unaudited results for the six months ended March 31, 2026. Total revenues fell 25.22% to $2.62 million, while gross profit declined 10.43% to $2.42 million. Net loss narrowed 45.91% to $1.67 million.
Integrated e-commerce services revenue dropped 30.01% to $1.89 million and cross-border sales decreased 98.97% to $8,278. A new headset trademark and patent licensing business contributed $720,000 at 100% gross margin. Operating expenses decreased 5.04% to $4.12 million, with general and administrative expenses down 44.90%.
Loading...
Loading translation...
AI-generated analysis. Not financial advice.
Positive
Net loss decreased 45.91% to approximately $1.67 million
Headset trademark and patent licensing generated $720,000 at 100% margin on 72,000 units
Cost of revenues declined 74.83% to $202,430
General and administrative expenses fell 44.90% to $2.15 million
Net interest expenses decreased to $497,564 from about $1.50 million
Gain of $501,544 from fair value changes in derivative liabilities
Negative
Total revenues declined 25.22% to approximately $2.62 million
Cross-border sales revenue fell 98.97% to $8,278
Integrated e-commerce services revenue decreased 30.01% to $1.89 million
Gross profit fell 10.43% to approximately $2.42 million
Selling and marketing expenses rose 910.61% to about $1.59 million
Research and development expenses increased 43.90% to $394,814
Key Figures
Total revenue:$2.62 millionCross-border sales revenue:$8,278Headset licensing revenue:$720,000+5 more
8 metrics
Total revenue$2.62 millionSix months ended March 31, 2026; down 25.22% year over year
Cross-border sales revenue$8,278Six months ended March 31, 2026; 98.97% decline vs. $800,751 prior year
Headset licensing revenue$720,000Six months ended March 31, 2026; new headset trademark and patent licensing business
Gross profit$2.42 millionSix months ended March 31, 2026; down 10.43% from ~$2.70 million
Net loss$1.67 millionSix months ended March 31, 2026; improved from ~$3.09 million
Operating expenses$4.12 millionSix months ended March 31, 2026; down 5.04% from ~$4.34 million
Selling & marketing expenses$1.59 millionSix months ended March 31, 2026; up 910.61% from $158,000
Convertible notes principal$10 millionConvertible notes issued October 2024, settled July 16, 2025
Peers on Argus
UZX was down about 1–2% with very light volume and no peers from the Internet Re...
UZX was down about 1–2% with very light volume and no peers from the Internet Retail group appearing in the momentum scanner, suggesting today’s move was stock-specific rather than part of a sector-wide rotation.
Authorized $8 million share repurchase program for Class A ordinary shares.
Pattern Detected
Recent news has mostly traded in line with its positive/negative tone, with one upbeat AI update met by a selloff.
Regulatory & Risk Context
Active S-3 Shelf · Short Interest: 0.41%
Shelf Active
Short Interest
0.41% of float
0%15%30%+
lowas of 2026-06-15Days to cover: 1
Reported short interest is low, implying limited squeeze dynamics and generally lower short-driven volatility under normal trading conditions.
Active S-3 Shelf Registration
2026-06-12
An effective Form F-3 shelf allows resale of up to 833,333 existing shares by a selling shareholder; the company has disclosed it will not receive proceeds from these sales, but registered stock could add to potential selling pressure.
Market Pulse Summary
This announcement highlights a 25.22% revenue decline but a 45.91% reduction in net loss, as high‑ma...
Analysis
This announcement highlights a 25.22% revenue decline but a 45.91% reduction in net loss, as high‑margin headset licensing ramps. Historically mixed reactions to updates and an existing F‑3 resale registration remain relevant risks to monitor against future earnings progress.
"charges service fees based on gross merchandise volume (GMV)."
Gross merchandise volume is the total dollar value of all goods and services sold through a sales platform or marketplace during a given period, measured before subtracting fees, returns, discounts or other adjustments. Investors use it to gauge the size and momentum of a business—like counting every dollar that passes through a busy market to assess demand—but it is not the same as company revenue or profit since the operator typically retains only a portion.
enterprise resource planningtechnical
"no enterprise resource planning development expenses being recognized in the current period."
Enterprise resource planning (ERP) is a comprehensive software system that helps organizations manage and coordinate their core activities—such as finance, supply chain, human resources, and manufacturing—within a single platform. It streamlines operations by providing real-time information, enabling better decision-making. For investors, ERP systems indicate how efficiently a company runs and can signal its ability to adapt and grow in a competitive market.
convertible notesfinancial
"convertible notes in the amount of $10 million issued in October 2024"
Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.
derivative liabilitiesfinancial
"Fair value changes in derivative liabilities generated a gain of $501,544"
Derivative liabilities are obligations a company records when it owes money under financial contracts whose value depends on something else, like interest rates, stock prices, or currencies. Think of them as bets or insurance policies that can create future cash payments; they matter to investors because they can cause sudden changes in a company’s reported debt, profits and cash flow and reveal exposure to market risks that could affect valuation.
regulation sregulatory
"The shares were issued under Regulation S and were not registered"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
AI-generated analysis. Not financial advice.
See more from StockTitan in Google Search and AI answers.Adds StockTitan as a preferred source · opens Google
TOKYO and NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Linkage Global Inc. (NASDAQ: UZX) (“Linkage Global” or the “Company”), a public company that engages in providing cross-border e-commerce integrated services and headset trademark and patent licensing business, today announced its unaudited financial results for the six months ended March 31, 2026.
First Half 2026 Selected Financial Metrics
Total revenues decreased by approximately $883,000 to approximately $2.62 million for the six months ended March 31, 2026, compared to approximately $3.50 million for the six months ended March 31, 2025.
Gross profit decreased by approximately $281,000 to $2.42 million for the six months ended March 31, 2026, from approximately $2.70 million for of the six months ended March 31, 2025.
Net loss decreased from approximately $3.09 million for the six months ended March 31, 2025, to approximately $1.67 million for the six months ended March 31, 2026.
First Half 2026 Financial Results
Revenues
Total revenues decreased by approximately $883,000, or 25.22%, from approximately $3.50 million for the six months ended March 31, 2025, to approximately $2.62 million for the six months ended March 31, 2026.
Revenues from cross-border sales fell by approximately $792,000, or 98.97%, from $800,751 for the six months ended March 31, 2025, to $8,278 for the six months ended March 31, 2026. The decrease reflects management’s strategic initiatives to downsize lower-margin, volatile legacy standalone product distributions. The cross-border business is now being restructured with optimized product selections, and the Company plans to explore TikTok store and livestream sales in Japan.
Revenues from integrated e-commerce services decreased by approximately $811,000, or 30.01%, from approximately $2.70 million for the six months ended March 31, 2025, to $1.89 million for the six months ended March 31, 2026, which was mainly driven by fully managed e-commerce operation services. Revenues from fully managed e-commerce operation services dropped by approximately $727,000, from approximately $2.59 million to $1.86 million. Under this model, the Company handles end-to-end store operations for merchants and charges service fees based on gross merchandise volume (GMV).
Revenues from the new headset trademark and patent licensing business were $720,000 for the six months ended March 31, 2026. The Company’s proprietary headphone brand and patented audio algorithms have been introduced to overseas markets through a licensing model, with third party manufacturers handling manufacturing and sales. The Company charges third party manufacturers a fixed royalty fee of $10 per unit sold for the use of its trademark and audio algorithm technology. For the six months ended March 31, 2026, a total of 72,000 units were sold.
Revenues from training and consulting services decreased by approximately $7,000, or 19.78%, from approximately $32,981 for the six months ended March 31, 2025, to $26,459 for the six months ended March 31, 2026.
Revenues from digital marketing decreased from $76,907 for the six months ended March 31, 2025, to nil for the six months ended March 31, 2026, as a result of termination of partnership with Google in January 2025.
Cost of Revenues
Cost of revenues fell 74.83%, from $804,142 for the six months ended March 31, 2025, to $202,430 for the six months ended March 31, 2026. This was primarily due to a drop in cross-border sales costs, which declined $623,000, or 98.95%, from $630,079 for the six months ended March 31, 2025, to $6,623 for the six months ended March 31, 2026, reflecting reduced procurement in line with lower sales. Cost of revenues for integrated e-commerce services rose approximately $22,000, or 12.49%, from $174,063 for the six months ended March 31, 2025, to $195,807 for the six months ended March 31, 2026. Within this segment, costs for fully managed e-commerce operation services increased by approximately $67,000, from $126,479 to $193,820, covering staff salaries for an expanded store operation team. Cost of revenues for headset trademark and patent licensing was nil for the six months ended March 31, 2026, as research and development expenses were recognized in prior years. Costs for digital marketing declined due to the termination of the related business.
Gross Profit
Gross profit decreased by approximately $281,000, or 10.43%, from approximately $2.70 million for the six months ended March 31, 2025, to approximately $2.42 million for the six months ended March 31, 2026. This was mainly impacted by the decline in integrated e-commerce services, which contributed $1.69 million in profit with an 89.64% margin for the six months ended March 31, 2026, down from $2.53 million for the six months ended March 31, 2025. The high margin was due to low operating costs, which were mostly staff salaries, with no enterprise resource planning development expenses being recognized in the current period. Cross-border sales margin fell from 21.31% for the six months ended March 31, 2025, to 19.99% for the six months ended March 31, 2026, due to a change in the product mix and a reduction in high-margin items. Integrated e-commerce related services margin decreased from 93.56% for the six months ended March 31, 2025, to 89.64% for the six months ended March 31, 2026, because of higher team headcount costs. Headset trademark and patent licensing contributed $720,000 in gross profit with a 100.00% margin.
Operating Expenses
Operating expenses decreased by 5.04%, from approximately $4.34 million for the six months ended March 31, 2025, to approximately $4.12 million for the six months ended March 31, 2026, mainly due to lower general and administrative expenses, which dropped 44.90%, from $3.90 million for the six months ended March 31, 2025, to $2.15 million for the six months ended March 31, 2026. This drop was primarily attributable to a lower allowance for credit loss, which decreased from $1.34 million for the six months ended March 31, 2025, to $0.23 million for the six months ended March 31, 2026, and the absence of stock-based compensation, which was $1.21 million for the six months ended March 31, 2025.
Selling and marketing expenses rose 910.61%, from $158,000 for the six months ended March 31, 2025, to approximately $1.59 million for the six months ended March 31, 2026, as the Company invested heavily in advertisements, placements on platforms like Facebook, and participation in domestic and overseas exhibitions to promote the fully managed services and the headphone brand.
Research and development expenses increased 43.90%, from $274,371 for the six months ended March 31, 2025, to $394,814 for the six months ended March 31, 2026, as the Company engaged external research and development firms to upgrade the enterprise resource planning (ERP) system and build websites for headphone products.
Other Expenses
Other income and expenses mainly include fair value changes in derivative liabilities, net interest expenses, and non-operating income. Fair value changes in derivative liabilities generated a gain of $501,544 for the six months ended March 31, 2026. Other non-operating income decreased from $387,816 for the six months ended March 31, 2025, to $48,461 for the six months ended March 31, 2026, as government tax refunds fell in tandem with lower cross-border sales volume. Net interest expenses decreased significantly from approximately $1.50 million for the six months ended March 31, 2025, to $497,564 for the six months ended March 31, 2026, primarily because convertible notes in the amount of $10 million issued in October 2024, which carried an actual interest rate of 42.52% and generated $1.56 million in interest expenses for the six months ended March 31, 2025, was settled on July 16, 2025.
Net Loss
As a result of the factors above, net loss decreased by approximately $1.42 million, or 45.91%, from approximately $3.09 million for the six months ended March 31, 2025, to approximately $1.67 million for the six months ended March 31, 2026.
About Linkage Global Inc.
Linkage Global Inc. (NASDAQ: UZX) is a holding company, which engages in providing cross-border e-commerce integrated services. Through its operating entities, it developed a comprehensive service system comprised of three lines of business, including cross-border sales, integrated e-commerce services and headset trademark and patent licensing. It operates through the Extend and Other Subsidiaries segments. The company was founded on March 24, 2022, and is headquartered in Tokyo, Japan. For more information, please visit the Company’s website: https://linkagecc.com
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's plans, strategies and business development initiatives. There can be no assurance that any strategic initiative, partnership, offering launch, or other business plan described herein will be successfully executed or completed. This press release does not constitute guidance and should not be relied upon as indicative of future financial performance. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
How did Linkage Global (NASDAQ: UZX) perform in first half 2026?
Linkage Global reported lower revenue but a smaller net loss for first half 2026. According to the company, revenue declined 25.22% to $2.62 million, while net loss narrowed 45.91% to approximately $1.67 million compared with the prior-year period.
What were Linkage Global (UZX) revenues by segment in the six months ended March 31, 2026?
Linkage Global’s revenue mix shifted notably in first half 2026. According to the company, integrated e-commerce services generated $1.89 million, cross-border sales $8,278, headset trademark and patent licensing $720,000, and training and consulting services $26,459, with digital marketing revenue falling to zero.
What is driving Linkage Global’s new headset trademark and patent licensing revenue?
Headset trademark and patent licensing became a meaningful revenue source in first half 2026. According to the company, this business produced $720,000, based on a $10 royalty per unit on 72,000 units sold by third-party manufacturers using its brand and audio algorithms.
Why did Linkage Global’s cross-border sales revenue drop in first half 2026?
Cross-border sales revenue decreased sharply as management downsized legacy activities. According to the company, revenue fell 98.97% to $8,278 as it reduced lower-margin, volatile standalone product distributions and began restructuring the cross-border business with optimized products and planned TikTok and livestream initiatives in Japan.
How did operating expenses change for Linkage Global (UZX) in first half 2026?
Total operating expenses declined modestly, but category trends differed. According to the company, operating expenses fell 5.04% to $4.12 million, with general and administrative expenses down 44.90%, while selling and marketing expenses increased 910.61% and research and development expenses rose 43.90%.
What factors affected Linkage Global’s net loss in the six months ended March 31, 2026?
Net loss improved due to lower costs and financing expenses despite weaker revenue. According to the company, cost of revenues dropped 74.83%, general and administrative expenses declined, net interest expenses fell to $497,564, and fair value changes in derivative liabilities generated a $501,544 gain.
How did the termination of Google partnership impact Linkage Global’s 2026 results?
The end of the Google partnership eliminated digital marketing revenue in first half 2026. According to the company, digital marketing revenue fell from $76,907 in the prior-year period to nil, while related costs also declined as the associated business was terminated in January 2025.
