NASDAQ : SORA
AsiaStrategy — Financial statements
Consumer Discretionary · Luxury Goods · Hong Kong
Last price 2.45 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 60.92M
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Financial statements
AsiaStrategy (SORA) reported revenue of 12.72M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | 12.72M | 10.99M | 17.62M | 18.81M | 14.23M |
| Cost of Revenue | 12.37M | 10.60M | 16.20M | 17.44M | 12.96M |
| Gross Profit | 346.81K | 381.66K | 1.42M | 1.37M | 1.26M |
| Selling, General & Admin | 2.38M | 1.96M | 1.19M | 845.47K | 1.07M |
| Operating Expenses | 2.38M | 1.96M | 1.19M | 845.47K | 1.07M |
| Operating Income | -2.03M | -1.58M | 228.41K | 526.76K | 193.51K |
| Interest Expense | -420.12K | -296.19K | -283.02K | -336.82K | -170.53K |
| Interest & Investment Income | 157.16K | 120.48K | 1.70K | 488.00 | 322.00 |
| Other Non Operating Income (Expenses) | -1.69M | -939.09K | 2.08K | 22.42K | 22.11K |
| EBT Excluding Unusual Items | -3.99M | -2.69M | -50.83K | 212.85K | 45.41K |
| Gain (Loss) on Sale of Investments | 16.41M | 15.14M | |||
| Other Unusual Items | 30.65K | ||||
| Pretax Income | 12.42M | 12.45M | -50.83K | 212.85K | 76.06K |
| Income Tax Expense | 213.28K | 159.13K | -8.62K | 16.12K | 4.07K |
| Net Income | 12.21M | 12.29M | -42.22K | 196.73K | 71.99K |
| Net Income to Common | 12.21M | 12.29M | -42.22K | 196.73K | 71.99K |
| Shares Outstanding (Basic) | 24.87M | 24.19M | 20.64M | 20.00M | 20.00M |
| Shares Outstanding (Diluted) | 25.34M | 24.66M | 20.64M | 20.00M | 20.00M |
| EPS (Basic) | 0.49 | 0.51 | -0.00 | 0.01 | 0.00 |
| EPS (Diluted) | 0.48 | 0.50 | -0.00 | 0.01 | 0.00 |
| Free Cash Flow | -1.24M | -4.33M | -463.00K | 1.36M | -2.16M |
| Free Cash Flow Per Share | -0.05 | -0.17 | -0.02 | 0.07 | -0.11 |
| Gross Margin | 2.73% | 3.47% | 8.04% | 7.29% | 8.88% |
| Operating Margin | -15.97% | -14.35% | 1.30% | 2.80% | 1.36% |
| Profit Margin | 95.97% | 111.91% | -0.24% | 1.05% | 0.51% |
| Free Cash Flow Margin | -9.75% | -39.39% | -2.63% | 7.23% | -15.17% |
| EBITDA | -2.03M | -1.57M | 229.62K | 528.47K | 195.78K |
| EBITDA Margin | -15.96% | -14.33% | 1.30% | 2.81% | 1.38% |
| D&A For EBITDA | 1.46K | 1.55K | 1.21K | 1.71K | 2.27K |
| EBIT | -2.03M | -1.58M | 228.41K | 526.76K | 193.51K |
| EBIT Margin | -15.97% | -14.35% | 1.30% | 2.80% | 1.36% |
| Effective Tax Rate | 1.72% | 1.28% | 7.58% | 5.36% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 1.31M | 1.46M | 2.64M | 1.12M | 806.63K |
| Short-Term Investments | 17.18M | 17.62M | |||
| Cash & Short-Term Investments | 18.49M | 19.08M | 2.64M | 1.12M | 806.63K |
| Accounts Receivable | 23.79K | 42.95K | 142.46K | 314.55K | |
| Other Receivables | 209.89K | 143.31K | 18.89K | 48.74K | |
| Receivables | 5.74M | 5.63M | 18.89K | 142.46K | 363.29K |
| Inventory | 3.33M | 7.13M | 2.17M | 2.00M | 3.16M |
| Prepaid Expenses | 588.51K | 271.13K | 75.12K | 9.49K | 10.31K |
| Restricted Cash | 380.20K | 377.77K | 377.85K | ||
| Other Current Assets | 755.42K | 31.18K | 541.47K | 951.02K | 324.20K |
| Total Current Assets | 28.90M | 32.15M | 5.83M | 4.60M | 5.04M |
| Property, Plant & Equipment | 711.69K | 832.97K | 1.02K | 2.23K | 3.95K |
| Long-Term Investments | 5.19M | 3.48M | |||
| Long-Term Deferred Tax Assets | 159.70K | 150.22K | 147.31K | ||
| Long-Term Deferred Charges | 639.59K | ||||
| Other Long-Term Assets | 2.20M | 3.27M | 817.47K | 802.19K | |
| Total Assets | 36.99M | 39.72M | 6.63M | 5.57M | 5.99M |
| Accounts Payable | 780.46K | 3.48M | 61.79K | 277.50K | 243.80K |
| Accrued Expenses | 266.32K | 257.67K | 14.65K | 75.53K | 23.24K |
| Short-Term Debt | 405.35K | 960.13K | 1.76M | 2.20M | 2.11M |
| Current Portion of Long-Term Debt | 221.63K | 213.17K | 191.06K | 163.77K | 166.40K |
| Current Income Taxes Payable | 19.98K | ||||
| Current Unearned Revenue | 20.26K | 24.62K | 14.52K | 107.96K | |
| Other Current Liabilities | 551.11K | ||||
| Total Current Liabilities | 1.69M | 4.94M | 2.03M | 2.75M | 3.20M |
| Long-Term Debt | 14.19M | 12.99M | 3.23M | 3.41M | 3.58M |
| Total Liabilities | 15.88M | 17.92M | 5.25M | 6.16M | 6.78M |
| Common Stock | 12.43K | 12.43K | 11.10K | 10.00K | 10.00K |
| Additional Paid-In Capital | 10.14M | 10.14M | 2.00M | 1.28K | 1.28K |
| Retained Earnings | 11.01M | 11.66M | -638.38K | -596.16K | -792.89K |
| Comprehensive Income & Other | -48.51K | -10.08K | 377.00 | -6.63K | -8.05K |
| Shareholders' Equity | 21.11M | 21.80M | 1.37M | -591.51K | -789.65K |
| Total Liabilities & Equity | 36.99M | 39.72M | 6.63M | 5.57M | 5.99M |
| Total Debt | 14.81M | 14.16M | 5.18M | 5.77M | 5.86M |
| Net Cash (Debt) | 3.68M | 4.92M | -2.54M | -4.65M | -5.05M |
| Net Cash Per Share | 0.15 | 0.20 | -0.12 | -0.23 | -0.25 |
| Filing Date Shares Outstanding | 24.86M | 24.86M | 24.86M | 20.00M | 20.00M |
| Total Common Shares Outstanding | 24.86M | 24.86M | 22.20M | 20.00M | 20.00M |
| Working Capital | 27.20M | 27.21M | 3.80M | 1.85M | 1.84M |
| Book Value Per Share | 0.85 | 0.88 | 0.06 | -0.03 | -0.04 |
| Tangible Book Value | 21.11M | 21.80M | 1.37M | -591.51K | -789.65K |
| Tangible Book Value Per Share | 0.85 | 0.88 | 0.06 | -0.03 | -0.04 |
| Machinery | 231.04K | 232.52K | 228.17K | 226.91K | 254.66K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | 12.21M | 12.29M | -42.22K | 196.73K | 71.99K |
| Depreciation & Amortization | 212.70K | 97.76K | 1.21K | 1.71K | 2.27K |
| Loss (Gain) From Sale of Investments | -16.41M | -15.14M | |||
| Provision & Write-off of Bad Debts | 47.43K | 90.70K | -5.43K | -753.00 | -5.13K |
| Other Operating Activities | 2.41M | 955.66K | -8.62K | -19.28K | -6.17K |
| Change in Accounts Receivable | -6.37K | -42.95K | 148.04K | 172.06K | -246.74K |
| Change in Inventory | -145.98K | -4.95M | -161.88K | 1.15M | -1.43M |
| Change in Accounts Payable | 738.43K | 3.42M | -216.27K | 33.92K | -198.47K |
| Change in Unearned Revenue | 18.52K | 24.62K | -14.53K | -93.10K | -1.76K |
| Change in Income Taxes | -20.00K | 68.50K | -107.89K | ||
| Change in Other Net Operating Assets | -316.76K | -1.06M | -143.29K | -153.04K | -231.88K |
| Operating Cash Flow | -1.24M | -4.32M | -463.00K | 1.36M | -2.16M |
| Capital Expenditures | -260.00 | -4.80K | |||
| Investment in Securities | -5.95M | -5.95M | |||
| Other Investing Activities | -2.97M | -3.50M | |||
| Investing Cash Flow | -11.72M | -15.00M | |||
| Short-Term Debt Issued | 7.89K | 1.23M | 523.85K | ||
| Long-Term Debt Issued | 16.51M | 7.49M | 10.93M | 9.24M | |
| Total Debt Issued | 16.05M | 16.52M | 8.72M | 10.93M | 9.77M |
| Short-Term Debt Repaid | -968.86K | ||||
| Long-Term Debt Repaid | -7.51M | -8.12M | -11.01M | -7.34M | |
| Total Debt Repaid | -7.79M | -7.51M | -8.12M | -11.98M | -7.34M |
| Net Debt Issued (Repaid) | 8.26M | 9.00M | 605.90K | -1.05M | 2.43M |
| Issuance of Common Stock | 9.30M | 2.00M | |||
| Common Dividends Paid | -446.97K | ||||
| Other Financing Activities | -514.91K | -639.59K | |||
| Financing Cash Flow | 8.26M | 17.79M | 1.97M | -1.05M | 1.98M |
| Foreign Exchange Rate Adjustments | 48.26K | -21.71K | 19.47K | -689.00 | -983.00 |
| Net Cash Flow | -4.66M | -1.56M | 1.52M | 313.42K | -175.89K |
| Free Cash Flow | -1.24M | -4.33M | -463.00K | 1.36M | -2.16M |
| Free Cash Flow Margin | -9.75% | -39.39% | -2.63% | 7.23% | -15.17% |
| Free Cash Flow Per Share | -0.05 | -0.17 | -0.02 | 0.07 | -0.11 |
| Levered Free Cash Flow | -3.03M | -7.27M | -52.67K | 336.28K | |
| Unlevered Free Cash Flow | -2.77M | -7.08M | 124.22K | 546.79K | |
| Cash Interest Paid | 207.24K | 231.26K | 283.02K | 336.82K | 170.53K |
| Cash Income Tax Paid | 38.12K | 38.12K | 38.81K | -49.30K | 112.44K |
| Change in Working Capital | 287.83K | -2.62M | -407.94K | 1.18M | -2.22M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 60.92M | 75.84M | |||
| Enterprise Value | 57.24M | 75.44M | |||
| Last Close Price | 2.45 | 3.05 | |||
| PE Ratio | 5.06 | 6.17 | |||
| PS Ratio | 4.79 | 6.90 | |||
| PB Ratio | 2.89 | 3.48 | |||
| P/TBV Ratio | 2.89 | 3.48 | |||
| EV/Sales Ratio | 4.50 | 6.87 | |||
| Debt / Equity Ratio | 0.70 | 0.65 | 3.77 | -9.76 | -7.42 |
| Debt / EBITDA Ratio | 22.55 | 10.92 | 29.91 | ||
| Debt / FCF Ratio | 4.25 | ||||
| Net Debt / Equity Ratio | -0.17 | -0.23 | 1.85 | -7.87 | -6.39 |
| Net Debt / EBITDA Ratio | 1.81 | 3.13 | 11.05 | 8.80 | 25.79 |
| Net Debt / FCF Ratio | 2.97 | 1.14 | -5.48 | 3.42 | -2.34 |
| Asset Turnover | 0.50 | 0.47 | 2.89 | 3.25 | |
| Inventory Turnover | 3.72 | 2.28 | 7.77 | 6.77 | |
| Quick Ratio | 11.05 | 3.90 | 1.31 | 0.46 | 0.36 |
| Current Ratio | 17.06 | 6.51 | 2.87 | 1.67 | 1.57 |
| Return on Equity (ROE) | 81.27% | 106.10% | -10.80% | ||
| Return on Assets (ROA) | -4.96% | -4.25% | 2.34% | 5.70% | |
| Return on Invested Capital (ROIC) | -11.45% | -14.97% | 6.79% | 17.36% | 6.56% |
| Return on Capital Employed (ROCE) | -5.80% | -4.50% | 5.00% | 18.70% | 6.90% |
| Earnings Yield | 19.77% | 16.21% | |||
| FCF Yield | -2.04% | -5.71% | |||
| Payout Ratio | 620.87% | ||||
| Buyback Yield / Dilution | -13.14% | -19.48% | -3.22% |