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| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenues | ||||||||||
| Cost of revenue | $44.1m | $80.6m | $72.5m | $46.2m | $40.7m | $64.4m | $48.2m | $48.0m | $51.0m | |
| Gross profit | $16.0m | $4.2m | $29.9m | $75.1m | $89.6m | $83.1m | $18.9m | $20.9m | $15.2m | |
| Total operating expenses | $46.6m | $45.1m | $54.1m | ($30.9m) | ($50.2m) | ($48.1m) | $88.2m | $92.5m | $72.6m | |
| Operating income | ($30.6m) | ($40.9m) | ($24.2m) | $44.2m | $39.4m | $35.0m | ($69.3m) | ($71.6m) | ($57.3m) | |
| Interest income | $74k | $68k | $40k | $58k | $537k | $472k | $13.6m | $22.9m | $13.4m | |
| Foreign currency exchange gains (losses), net | $22k | ($4k) | $57k | $1.0m | ($2.0m) | ($4.9m) | $242k | ($882k) | $953k | |
| Government grants | — | — | — | $0 | $0 | $1.1m | — | — | — | |
| Others, net | $36k | $66k | $163k | $56k | $156k | $6k | $83k | $59k | $296k | |
| Accretion of Redeemable Convertible Preferred Shares | — | — | — | ($152k) | ($1.5m) | ($941k) | — | — | — | |
| Foreign currency translation adjustment, net of nil income taxes | — | — | — | ($364k) | $123k | $969k | — | — | — | |
| Comprehensive Income | ($31.2m) | ($43.6m) | ($24.4m) | $37.1m | $29.4m | $24.9m | ($37.7m) | ($49.4m) | ($47.3m) | |
| Allowance for (net recovery of) credit losses | $1.8m | ($841k) | $611k | $2.2m | $8.2m | ($659k) | ($9.0m) | $4.1m | ($2.9m) | |
| Impairment loss of property and equipment and other long-lived assets | — | — | $0 | $0 | $768k | $0 | $1.0m | $0 | $0 | |
| Subsidy income | $133k | $372k | $1.1m | $1.2m | $356k | $12k | $325k | $131k | $86k | |
| Loss (gain) in fair value changes of warrants liability | — | — | $0 | $0 | $35.4m | $174.5m | $6.1m | ($934k) | $6k | |
| Impairment loss on goodwill and intangible assets | — | — | — | — | $0 | ($2.3m) | ($10.0m) | $0 | $0 | |
| Other income, net | ($284k) | ($4.4m) | ($1.1m) | $337k | $35.2m | $176.0m | $7.9m | $20.2m | $13.6m | |
| Loss before income tax | ($30.9m) | ($45.4m) | ($25.4m) | ($19.8m) | ($26.4m) | $93.7m | ($61.5m) | ($51.4m) | ($43.7m) | |
| Net loss | ($31.2m) | ($45.4m) | ($25.8m) | ($20.1m) | ($25.9m) | $94.3m | ($61.5m) | ($51.4m) | ($43.7m) | |
| Less: Net loss attributable to non-controlling interests | $241k | ($1.3m) | ($427k) | ($876k) | ($3.0m) | ($1.3m) | ($2.3m) | ($1.6m) | ($1.1m) | |
| Foreign currency translation adjustment | ($30k) | $1.8m | $1.4m | ($84k) | ($851k) | $9.3m | $23.8m | $2.0m | ($3.6m) | |
| Less: Comprehensive loss attributable to non- controlling interests | $241k | ($1.3m) | ($427k) | ($876k) | ($3.0m) | ($1.3m) | ($2.3m) | ($1.6m) | ($1.1m) | |
| Comprehensive loss attributable to Recon Technology, Ltd | ($31.5m) | ($42.3m) | ($24.0m) | ($19.3m) | ($23.7m) | $104.9m | ($35.3m) | ($47.9m) | ($46.2m) | |
| Income from investment in unconsolidated entity | $0 | $0 | ($960k) | $463k | ($267k) | $15k | $0 | $0 | — | |
| Remeasurement gain of previously held equity interests in connection with step acquisition | — | — | $0 | $0 | $979k | $0 | $0 | — | — | |
| Impairment loss on goodwill | — | — | — | $0 | $0 | ($2.3m) | — | — | — | |
| Loss per common share - basic and diluted | ($5) | ($19) | ($6) | ($4) | ($2) | $1 | ($27) | ($10) | ($5) | |
| Impairment loss of investment in unconsolidated entity | $0 | $4.0m | $0 | — | — | — | — | — | — | |
| Total other comprehensive income (loss) | — | — | — | ($364k) | $123k | $969k | — | — | — | |
| Income before income taxes | — | — | — | $45.3m | $37.7m | $31.2m | — | — | — | |
| Net income | ($31.4m) | ($44.1m) | ($25.4m) | $37.5m | $29.3m | $24.0m | ($59.2m) | ($49.9m) | ($42.6m) | |
| Net income attributable to ordinary shareholders | ($31.4m) | ($44.1m) | ($25.4m) | $37.3m | $27.8m | $23.0m | ($59.2m) | ($49.9m) | ($42.6m) | |
| Net income per ordinary share, Basic | ($5) | ($19) | ($6) | $1 | $1 | $1 | ($27) | ($10) | ($5) | |
| Net income per ordinary share, Diluted | ($5) | ($19) | ($6) | $1 | $1 | $1 | ($27) | ($10) | ($5) | |
| Weighted average number of ordinary shares outstanding used in computing net income per ordinary share, Basic | — | — | — | 9.5m | 10.2m | 24.4m | 2.2m | 5.0m | 9.1m | |
| Weighted average number of ordinary shares outstanding used in computing net income per ordinary share, Diluted | — | — | — | 9.5m | 10.2m | 24.4m | 2.2m | 5.0m | 9.1m | |
| Weighted - average shares -basic and diluted | $6.4m | $2.3m | $3.9m | $4.6m | $12.7m | — | — | — | — | |
| Selling and marketing expenses | $4.5m | $8.0m | $9.1m | ($22.2m) | ($25.7m) | ($24.0m) | $10.6m | $10.4m | $9.3m | |
| General and administrative expenses | $32.8m | $34.7m | $41.3m | ($8.7m) | ($24.5m) | ($22.6m) | $76.8m | $63.8m | $49.6m | |
| Research and development expenses | $7.6m | $3.2m | $3.1m | $0 | $0 | ($1.4m) | $8.8m | $14.3m | $16.4m | |
| Interest expense | ($549k) | ($898k) | ($1.6m) | ($46k) | ($309k) | ($568k) | ($2.5m) | ($1.1m) | ($1.1m) | |
| Income tax expense | $308k | $16k | $398k | ($7.8m) | ($8.5m) | ($7.2m) | $18k | $30 | $2k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.