The company commenced trading on Nasdaq under ticker symbol PSIG on July 19, 2024, following completion of a business combination with AIB Acquisition Corporation. However, FY 2025 results show revenue declined 39% to US$53.2m while net loss widened 215% to US$15.2m.
Cyborg Score Rationale
Revenue has declined 39% year-over-year to US$53.2m with significant operational losses. In October 2025, the company executed an 8-for-1 share consolidation to regain compliance with Nasdaq minimum bid price requirements. The company raised approximately US$9.6 million through a private placement in November 2025.
Top Insights
Revenue contraction accelerating: Down 39% in FY 2025 and 41% in first half 2025
Financial deterioration: Per-share loss of US$3.81 in FY 2025 vs. US$1.73 in FY 2024
Compliance challenges: Required share consolidation in October 2025 to maintain Nasdaq listing
Capital preservation: Raised US$9.6 million in private placement (November 2025) to fund operations
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