The FY2025 annual report confirms fundamental weakness; monitor Q1 2026 results to assess whether recent purchase orders (totaling ~$2.2M in Mar-Apr 2026) convert to revenue and improve cash flow. Watch for any further insider selling or disclosures about customer concentration and internal controls remediation.
Price Chart
Executive Summary
Silynxcom's FY2025 annual report reveals a sharp deterioration: revenue fell 36% YoY to $5.8M, gross profit dropped 45%, and net loss widened to $3.1M from $2.3M. A material weakness in internal controls persists, and cash burn from operations was $2.7M, partially offset by a $2.5M April 2025 equity offering. Backlog of $7.3M provides some forward visibility but remains subject to cancellation risk.
Key Facts
- FY2025 revenue declined 36.2% to $5.806M from $9.094M in FY2024
- Net loss widened to $3.064M from $2.347M in FY2024
- Gross profit fell 44.7% to $2.105M from $3.804M
- Cash used in operations was $2.665M vs $0.958M in FY2024
- Material weakness in internal control over financial reporting persists
- Customer C comprised 37.5% of 2025 revenue (down from 45.1% in 2024)
- Backlog of approximately $7.3M as of April 30, 2026
- Closed $2.5M net public offering of 1.29M shares at $2.25/share in April 2025
- Cash and cash equivalents of $2.982M as of Dec 31, 2025
Financial Impact
Revenue decline of $3.3M YoY; net loss increase of $0.7M; operating cash burn of $2.7M
Risk Factors
- High customer concentration: two customers accounted for 52.3% of 2025 revenue
- Material weakness in internal controls may lead to financial reporting inaccuracies
- Geopolitical risk from Israel operations amid ongoing regional conflicts
- Tariff exposure from Trump administration policies on Israeli imports
- Cash burn rate may require additional dilutive capital raising
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 11 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001213900-26-050328 |
| Document: ea028811201ex11-1.htm | 0001213900-26-050328 |
| Document: ea028811201ex2-1.htm | 0001213900-26-050328 |
| Document: ea028811201ex12-2.htm | 0001213900-26-050328 |
| Document: ea028811201ex12-1.htm | 0001213900-26-050328 |
| Document: ea028811201ex13-1.htm | 0001213900-26-050328 |
| Document: ea028811201ex13-2.htm | 0001213900-26-050328 |
| Document: ea028811201ex15-1.htm | 0001213900-26-050328 |
| Document: 0001213900-26-050328-index-headers.html | 0001213900-26-050328 |
| Document: 0001213900-26-050328-index.html | 0001213900-26-050328 |
| Document: 0001213900-26-050328.txt | 0001213900-26-050328 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 6-K | $0.7016 | awaiting T+5 | — | $0.7370 (+5.05%) |
Oct 20, 2026 6d ago | 6-K | $0.7016 | awaiting T+5 | — | $0.7370 (+5.05%) |
Oct 2, 2026 24d ago | 6-K | $0.8649 $0.8220 | ▲ +4.96% | ▲ +5.38% | $0.7370 (+14.79%) |
Sep 14, 2026 6w ago | 6-K | $0.8397 $0.9950 | ▲ +18.49% | ▲ +18.39% | $0.7370 (−12.23%) |
Aug 28, 2026 8w ago | 6-K | $0.8907 $0.8450 | ▲ +5.13% | ▲ +4.99% | $0.7370 (+17.26%) |
Jul 7, 2026 15w ago | 6-K | $1.05 $1.06 | ▲ +0.95% | ▲ +0.40% | $0.7370 (−29.81%) |
Apr 30, 2026 25w ago | Press Release | $1.27 $1.20 | ▼ −5.51% | ▼ −7.86% | $0.7370 (−41.97%) |
Apr 30, 2026 25w ago | 20-F | $1.27 $1.19 | ▲ +6.30% | ▲ +8.65% | $0.7370 (+41.97%) |
Apr 21, 2026 26w ago | 6-K | $1.30 $1.27 | ▼ −2.31% | ▼ −3.39% | $0.7370 (−43.31%) |
Apr 21, 2026 26w ago | Press Release | $1.30 $1.27 | ▼ −2.31% | ▼ −3.39% | $0.7370 (−43.31%) |
US Market Status
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