US Market News
2月前
SOLOWIN HOLDINGS Expects Revenue in the Range of $27 Million to $29 Million, Approximately 10x Year-over-Year Growth for the Fiscal Year Ended March 31, 2026 Based on Preliminary Unaudited ResultsApril 21, 2026 4:30 PM
PR Newswire (US)
HONG KONG, April 21, 2026 /PRNewswire/ -- SOLOWIN HOLDINGS (Nasdaq: AXG) ("SOLOWIN," the "Company," or "we"), a leading financial technology firm bridging traditional and digital assets, today announced certain preliminary, unaudited financial results for the fiscal year ended March 31, 2026. Driven by the rapid expansion of its digital asset tokenization, stablecoin infrastructure, and AI-powered services, the Company delivered exceptional top-line growth for the fiscal year ended March 31, 2026, as it advances its global framework compliance and institutional-grade service strategy.The preliminary financial results described in this press release are unaudited and based on management's current estimates of our results for the fiscal year ended March 31, 2026. These figures are subject to the completion of our customary year-end financial closing procedures and audit by the Company's independent registered public accounting firm. No assurance can be given that final audited results will not differ materially from these preliminary estimates, and any such differences could be significant. We expect to file our audited financial results for the fiscal year ended March 31, 2026, with the U.S. Securities and Exchange Commission in our Annual Report on Form 20-F, which is expected to be filed in July 2026.Overall PerformanceRevenue increased nearly tenfold year over year to between $27 million and $29 million for the fiscal year ended March 31, 2026.Net loss was in the range of $11 million to $13 million, reflecting continued investment in technology, compliance, and global business expansion.Financial ConditionAs of March 31, 2026, cash and cash equivalents increased to between $14 million and $16 million.Net cash used in operating activities was in the range of $12 million to $14 million for the year ended March 31, 2026. The increase in receivables from customers was the primary driver of the cash used in operating activities during the current period.Net cash provided by investing activities was in the range of $1 million to $3 million for the year ended March 31, 2026, mainly consisting of cash and bank balances arising from acquisition of subsidiaries, partly offset by purchases of short-term investments.Net cash provided by financing activities increased to between $18 million and $20 million for the year ended March 31, 2026, mainly representing the proceeds from capital injections from investors.Strategic OverviewAgainst a backdrop of accelerating institutional adoption, maturing global regulation, and deepening integration of AI and blockchain, SOLOWIN has further consolidated its position as a fully compliant, vertically integrated digital financial platform, with a clear dual-token strategy focused on Digital Asset Tokens and AI Tokens. The Company's ecosystem spans stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services.Management CommentaryMr. Lok Ling Ngai, Chief Executive Officer and Chairman of SOLOWIN, stated: "Fiscal 2026 marks a transformative year for SOLOWIN. Achieving tenfold revenue growth represents more than a financial milestone, it validates the strength of our dual-token strategy and underscores the accelerating global demand for compliant, institutional-grade digital asset infrastructure. We are uniquely positioned at the convergence of three structural shifts reshaping our industry: the advancement of regulatory frameworks, the rapid adoption of tokenization, and the integration of AI with blockchain technologies.""Guided by our mission 'Mobilizing Tokens 24/7,' we are building a secure, efficient, and fully regulated digital financial ecosystem. Over the past year, we have significantly strengthened and expanded our stablecoin and payment infrastructure, scaled our asset tokenization capabilities, and enhanced our AI-powered services. Together, these efforts reinforce and deepen our licensed platform advantages across Hong Kong, Bahrain, and other key global markets.""We see ourselves as more than a technology company — we are a trusted bridge connecting traditional finance and the decentralized economy. As global regulatory frameworks continue to mature and institutional adoption accelerates, we remain steadfast in our commitment to compliance, transparency, and responsible innovation. Our goal is to deliver sustainable, long-term value for our clients, partners, and shareholders — and help to power the future of finance."About SOLOWIN HOLDINGSSOLOWIN HOLDINGS (NASDAQ: AXG) is a leading global regulated fintech company. Established in 2016, AXG combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform.Guided by the mission "Mobilizing Tokens 24/7," the Company focuses on tokenization and operates two core business pillars: Digital Asset Tokens and AI Tokens. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router.Through its integrated ecosystem, including AXCOIN, AXONE, FERION, SOLOMON, SCION, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy.For more information, visit the Company's website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com. Forward-Looking StatementsCertain statements in this announcement are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. 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. The Company has attempted to identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" 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 that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC") including the "Risk Factors" section of the Company's most recent Annual Report on Form 20-F as well as in its other reports filed or furnished from time to time with the SEC. 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 filings with the SEC, which are available for review at www.sec.gov.For investor and media inquiries please contact:SOLOWIN HOLDINGS
Investor Relations Department
Email: ir@solowin.ioAscent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
View original content:https://www.prnewswire.com/news-releases/solowin-holdings-expects-revenue-in-the-range-of-27-million-to-29-million-approximately-10x-year-over-year-growth-for-the-fiscal-year-ended-march-31-2026-based-on-preliminary-unaudited-results-302749291.htmlSOURCE SOLOWIN HOLDINGS
Original: SOLOWIN HOLDINGS Expects Revenue in the Range of $27 Million to $29 Million, Approximately 10x Year-over-Year Growth for the Fiscal Year Ended March 31, 2026 Based on Preliminary Unaudited Results
jobynimble
2年前
https://www.globenewswire.com/news-release/2024/11/21/2985168/0/en/SOLOWIN-Signs-Strategic-Partnership-with-Zodia-Custody-to-Facilitate-Hong-Kong-s-Digital-Asset-Ecosystem.html
HONG KONG, Nov. 21, 2024 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (Nasdaq: SWIN) (“SOLOWIN” or the “Company”), a leading financial services firm providing high-net-worth and institutional investors with solutions across traditional and virtual assets, today announced its strategic partnership with Zodia Custody, a leading institution-first digital asset custodian backed by Standard Chartered, which has been selected by NASDAQ as a new core custodian for its suite of crypto indexes, to strengthen Hong Kong’s digital asset ecosystem. This partnership aims to offer secure, bank-grade and compliant custody services in Hong Kong for SOLOWIN’s clients.
Zodia Custody will be one of several custody providers available to Solowin's diverse client base, enhancing the range of options offered with its additional layers of security, control and bank-grade compliance for their digital asset holdings. In addition, SOLOWIN and Zodia Custody will jointly explore opportunities to combine their expansive resources and global regulatory licensing framework (existing and future) to maximize synergies and capitalize on growing investor demand in the region. All offerings will be subject to necessary regulatory approvals.
Mr. Marco Lim, Web3 Partner of SOLOWIN, commented, “Partnering with Zodia Custody allows us to enhance our service offerings and meet the evolving needs of our clients while at the same time strengthening Hong Kong’s digital asset ecosystem with a fully segregated wallet. Zodia Custody provides SOLOWIN with solutions including wallet management, protection and bank-grade compliance, which enables our investors around the globe to realize the full potential of the digital asset future-simply, safely, and without compromise.”
Richard Clark, Chief Revenue Officer of Zodia Custody, added “SOLOWIN has built a prominent position in Hong Kong’s digital asset ecosystem with its extensive expertise in financial product development and a deep understanding of the local market; we both share a deep commitment to innovation and strict regulatory compliance, making them an ideal partner. We look forward to working closely together to strengthen Hong Kong’s digital asset ecosystem.”
About Solowin Holdings
Solowin Holdings (NASDAQ: SWIN) is a Hong Kong based financial services firm providing a comprehensive one-stop solution for high-net-worth and institutional investors worldwide. Spanning both traditional and virtual assets, Solowin's offerings include investment banking, wealth management, asset management, and Web3, tailored to support the next generation of investors. Solowin's wholly owned subsidiary, Solomon JFZ (Asia) Holdings Limited ("Solomon JFZ"), is one of Hong Kong's first batch regulated virtual asset service providers. Its advanced electronic platform, Solomon VA+, is Hong Kong's first all in one app to integrate traditional and virtual asset trading with wealth management services.
For more information, please visit the Company's corporate website at https://solowin.io or investor relations website at https://ir.solowin.io.
About Zodia Custody
Zodia Custody is the leading institution-first digital asset custodian by Standard Chartered, in association with Northern Trust, SBI Holdings and National Australia Bank. It enables institutional investors around the globe to realise the full potential of the digital asset future – simply, safely, and without compromise. Through the combination of leading technology, custody, governance and compliance, Zodia Custody satisfies the complex needs of institutional investors.
Zodia Custody implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC. It implements the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the FCA as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody Limited is registered with the CSSF in Luxembourg as a Virtual Asset Service Provider in accordance with article 7-1 (2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended. Zodia Custody ( Singapore) Pte Ltd has been granted an exemption from holding a license under the Payment Services Act 2019 ("PS Act") by the MAS for a specified period. Zodia Custody (Singapore) Pte Ltd is not licensed under the Payment Services (PS) Act but is permitted to provide payment services under the expanded scope of the PS Act introduced by the Payment Services (Amendment) Act 2021 provided it continues to meet the conditions of the temporary exemption. Zodia Custody (Hong Kong) is registered with the Registry for Trust and Company Service Provider under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), Cap. 615 in respect of its custodial activities in digital assets.
jobynimble
2年前
SOLOWIN HOLDINGS Announces New Equity Research Report from Diamond Equity Research
October 23, 2024 16:30 ET
| Source: Solowin Holdings
https://www.globenewswire.com/en/news-release/2024/10/23/2968225/0/en/SOLOWIN-HOLDINGS-Announces-New-Equity-Research-Report-from-Diamond-Equity-Research.html
HONG KONG, Oct. 23, 2024 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (Nasdaq: SWIN) (“SOLOWIN” or the “Company”), a securities brokerage company that offers comprehensive financial services primarily to Chinese investors globally, today announced the release of a new research report from Diamond Equity Research, an issuer sponsored equity research firm focused on small capitalization companies, covering the Company’s ordinary shares.
The Company has worked with Diamond Equity Research to perform independent research that will create greater awareness and exposure in the investment community for the Company’s comprehensive financial services. The new report is available at https://ml.globenewswire.com/Resource/Download/e6dc93a4-4889-4bb6-a8e2-97c15cafd474.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s securities, nor shall there be any sale of such securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About SOLOWIN HOLDINGS
Solowin Holdings (NASDAQ: SWIN) is a Hong Kong based financial services firm providing a comprehensive one-stop solution for high-net-worth and institutional investors worldwide. Spanning both traditional and virtual assets, Solowin's offerings include investment banking, wealth management, asset management, and Web3 solutions, tailored to support the next generation of investors. Solowin's wholly owned subsidiary, Solomon JFZ (Asia) Holdings Limited ("Solomon JFZ"), is one of Hong Kong's first batch regulated virtual asset service providers. Its advanced electronic platform, Solomon VA+, is Hong Kong's first app to integrate traditional and virtual asset trading with wealth management services.
For more information, visit the Company's website at https://solowin.io
Or investor relationship website at http://ir.solomonwin.com.hk
About Diamond Equity Research
Diamond Equity Research is an equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms. For more information, please visit www.diamondequityresearch.com.