Raytech Revenue Surges 81% to $18.2M, Net Income Doubles in FY2026
RAY has more than doubled off its 52-week low of $1.403.
Summary
Raytech's fiscal 2026 revenue jumped 81% to HK$142.6M ($18.2M) and net income doubled to HK$16.7M ($2.1M), driven by new service businesses that contributed 31% of total revenue. The company expanded from a single trading subsidiary to three operating units, adding product design and marketing services. This follows a $6.2M registered direct offering in June 2026 that strengthened liquidity, with cash now at HK$78M. The results show a successful pivot to higher-margin services, with operating margin improving to 12.6% from 9.7%. The 20-F filing also discloses material weaknesses in financial controls and a recently resolved Nasdaq bid-price deficiency, which remain key risk factors.
At the time of this announcement, RAY was trading at $3.05 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $17.6M. The 52-week trading range was $1.40 to $58.88. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.