{"success":true,"data":{"pressRelease":{"id":"171900","rtpr_id":"nGNX2QWM8T-20261016","ticker":"POAS","exchange":"NYSE American","all_tickers":["POAS"],"title":"Phaos Technology Holdings (Cayman) Limited Announces Filing of Annual Report on Form 20-F for Fiscal Year 2026","author":"Globe Newswire","published_at":"2026-10-16T22:30:00.141Z","article_body":"SINGAPORE, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Phaos Technology Holdings\n(Cayman) Limited (NYSE American: POAS) (“Phaos” or “the Company”), an\nadvanced microscopy technology company headquartered in Singapore, announced\nthat it filed its annual report on Form 20-F (the “Annual Report”) for the\nfiscal year ended April 30, 2026 with the U.S. Securities and Exchange\nCommission (the “SEC”) on August 31, 2026.\n\nThe Annual Report, which includes the Company’s audited consolidated\nfinancial statements for the fiscal year ended April 30, 2026, is available\nthrough the SEC’s EDGAR database at www.sec.gov. Investors may also access\nthe Company’s investor relations website at https://ir.phaostech.com/ for\nCompany information and filings.\n\nFor fiscal year 2026, the Company reported revenue of S$132,077, compared with\nS$167,707 for fiscal year 2025, with the decrease primarily attributable to\ndelayed customer orders that the Company expects to be captured in fiscal year\n2027. The year also included non-recurring costs associated with completing\nthe Company's November 2025 initial public offering, alongside substantial\nbusiness development expenditure as the Company pursued expansion initiatives.\nService revenue increased by 59.3% to S$10,845 from S$6,808, while cash and\ncash equivalents increased to S$762,234 as of April 30, 2026 from S$129,552 a\nyear earlier, and total shareholders' equity improved to S$5.30 million from a\ndeficit of S$1.96 million. The Company expects significant momentum with\nexpected growth in revenue going forward for six months ended October 2026.\n\nAbout Phaos Technology Holdings (Cayman) Limited\n\nPhaos Technology Holdings (Cayman) Limited is an advanced microscopy\ntechnology company. Our commitment to innovation and excellence drives us to\ndeliver state-of-the-art microscopy products and software solutions, powered\nby artificial intelligence, for diverse sectors including manufacturing,\nbiomedical, and research. Experience the difference with Phaos Technology –\nwhere innovation meets sophistication, shaping the future of optical\ntechnology. For more information, please visit www.phaostech.com.\n\nForward Looking Statements\n\nThis news release contains “forward-looking statements” within the meaning\nof the “safe harbor” provisions of the U.S. Private Securities Litigation\nReform Act of 1995. Forward-looking statements may be identified by the use of\nwords such as “anticipate”, “believe”, “expect”, “estimate”,\n“plan”, “outlook”, and “project” and other similar expressions\nthat indicate future events or trends or are not statements of historical\nmatters. These statements are based on our management’s current expectations\nand beliefs, as well as a number of assumptions concerning future events.\n\nSuch forward-looking statements are subject to known and unknown risks,\nuncertainties, assumptions and other important factors, many of which are\noutside of our control and all of which could cause actual results to differ\nmaterially from the results discussed in the forward-looking statements.\nAccordingly, forward-looking statements should not be relied upon as\nrepresenting our views as of any subsequent date, and we do not undertake any\nobligation to update forward-looking statements to reflect events or\ncircumstances after the date they were made, whether as a result of new\ninformation, future events or otherwise, except as may be required under\napplicable securities laws. Factors that could cause actual results to differ\nmaterially from those expressed or implied in forward-looking statements can\nbe found in our reports filed with the United States Securities and Exchange\nCommission, which are available, free of charge, on the SEC’s website at\nwww.sec.gov.\n\nFor more information please contact:\n\nCompany Contact:\nPhaos Technology Holdings (Cayman) Limited\nir@phaostech.com \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f0be845e-2f30-4077-9240-ecb79383ee2a)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2QWM8T-20261016","title":"Phaos Technology Holdings (Cayman) Limited Announces Filing of Annual Report on Form 20-F for Fiscal Year 2026","author":"Globe Newswire","ticker":"POAS","created":"2026-10-16T22:30:00.141Z","tickers":["POAS"],"exchange":"NYSE American","article_body":"SINGAPORE, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Phaos Technology Holdings\n(Cayman) Limited (NYSE American: POAS) (“Phaos” or “the Company”), an\nadvanced microscopy technology company headquartered in Singapore, announced\nthat it filed its annual report on Form 20-F (the “Annual Report”) for the\nfiscal year ended April 30, 2026 with the U.S. Securities and Exchange\nCommission (the “SEC”) on August 31, 2026.\n\nThe Annual Report, which includes the Company’s audited consolidated\nfinancial statements for the fiscal year ended April 30, 2026, is available\nthrough the SEC’s EDGAR database at www.sec.gov. Investors may also access\nthe Company’s investor relations website at https://ir.phaostech.com/ for\nCompany information and filings.\n\nFor fiscal year 2026, the Company reported revenue of S$132,077, compared with\nS$167,707 for fiscal year 2025, with the decrease primarily attributable to\ndelayed customer orders that the Company expects to be captured in fiscal year\n2027. The year also included non-recurring costs associated with completing\nthe Company's November 2025 initial public offering, alongside substantial\nbusiness development expenditure as the Company pursued expansion initiatives.\nService revenue increased by 59.3% to S$10,845 from S$6,808, while cash and\ncash equivalents increased to S$762,234 as of April 30, 2026 from S$129,552 a\nyear earlier, and total shareholders' equity improved to S$5.30 million from a\ndeficit of S$1.96 million. The Company expects significant momentum with\nexpected growth in revenue going forward for six months ended October 2026.\n\nAbout Phaos Technology Holdings (Cayman) Limited\n\nPhaos Technology Holdings (Cayman) Limited is an advanced microscopy\ntechnology company. Our commitment to innovation and excellence drives us to\ndeliver state-of-the-art microscopy products and software solutions, powered\nby artificial intelligence, for diverse sectors including manufacturing,\nbiomedical, and research. Experience the difference with Phaos Technology –\nwhere innovation meets sophistication, shaping the future of optical\ntechnology. For more information, please visit www.phaostech.com.\n\nForward Looking Statements\n\nThis news release contains “forward-looking statements” within the meaning\nof the “safe harbor” provisions of the U.S. Private Securities Litigation\nReform Act of 1995. Forward-looking statements may be identified by the use of\nwords such as “anticipate”, “believe”, “expect”, “estimate”,\n“plan”, “outlook”, and “project” and other similar expressions\nthat indicate future events or trends or are not statements of historical\nmatters. These statements are based on our management’s current expectations\nand beliefs, as well as a number of assumptions concerning future events.\n\nSuch forward-looking statements are subject to known and unknown risks,\nuncertainties, assumptions and other important factors, many of which are\noutside of our control and all of which could cause actual results to differ\nmaterially from the results discussed in the forward-looking statements.\nAccordingly, forward-looking statements should not be relied upon as\nrepresenting our views as of any subsequent date, and we do not undertake any\nobligation to update forward-looking statements to reflect events or\ncircumstances after the date they were made, whether as a result of new\ninformation, future events or otherwise, except as may be required under\napplicable securities laws. Factors that could cause actual results to differ\nmaterially from those expressed or implied in forward-looking statements can\nbe found in our reports filed with the United States Securities and Exchange\nCommission, which are available, free of charge, on the SEC’s website at\nwww.sec.gov.\n\nFor more information please contact:\n\nCompany Contact:\nPhaos Technology Holdings (Cayman) Limited\nir@phaostech.com \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f0be845e-2f30-4077-9240-ecb79383ee2a)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-16T22:30:00.173324814Z","server_sent_at_ms":1792189800173},"received_at":"2026-10-16T22:30:00.223Z","source_url":null},"analysis":{"id":"160049","press_release_id":"171900","analysis_json":{"industry":{"label":"Electronic Equipment, Instruments & Components","sector":"Information Technology"},"redFlags":["revenue fell ~21% year-over-year to a de minimis S$132,077","revenue decline attributed to 'delayed customer orders' pushed to fiscal 2027","annual report filed August 31, 2026 but announced over six weeks later"],"eventType":"other","narrative":"Phaos Technology announced it filed its Form 20-F for fiscal year ended April 30, 2026, reporting revenue of S$132,077, down from S$167,707 a year earlier, which the company attributes to delayed customer orders expected to be captured in fiscal 2027.\n\nThe filing was submitted on August 31, 2026, making this release a late informational notice rather than new results. Service revenue grew 59.3% to S$10,845, and cash rose to S$762,234 with shareholders' equity improving to S$5.30 million following the November 2025 IPO.\n\nRevenue at roughly S$132K is immaterially small for a listed company, and management's growth expectations for the October 2026 half remain unproven.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine 20-F filing notice for a micro-cap with de minimis revenue -- suppress."},"keyFigures":{"revenue":"S$132,077","revenueYoy":"-21.2%","customDimensions":{"service_revenue":"S$10,845","prior_year_revenue":"S$167,707","shareholders_equity":"S$5.30 million","cash_and_equivalents":"S$762,234","service_revenue_growth":"59.3%"}},"namedEntities":{"people":[],"products":[],"companies":[{"name":"Phaos Technology Holdings (Cayman) Limited","ticker":"POAS","relationship":"filer"}],"dollarAmounts":[{"amount":"S$132,077","context":"FY2026 revenue"},{"amount":"S$167,707","context":"FY2025 revenue"},{"amount":"S$10,845","context":"FY2026 service revenue"},{"amount":"S$762,234","context":"cash and cash equivalents as of April 30, 2026"},{"amount":"S$5.30 million","context":"total shareholders' equity as of April 30, 2026"}]},"materialImpact":{"score":1,"reasoning":"Boilerplate annual report filing announcement, and the disclosed figures show revenue declining ~21% year-over-year to a very small base. Filing was made in August; this release is merely a notice with no new market-moving information."},"tickerRelevance":{"others":[],"primary":"POAS"},"globalImportance":8,"audienceRelevance":8,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"routine_filing_notice","issuerAuthored":true}},"event_type":"other","event_type_secondary":null,"sentiment":"bearish","material_impact_score":1,"narrative":"Phaos Technology announced it filed its Form 20-F for fiscal year ended April 30, 2026, reporting revenue of S$132,077, down from S$167,707 a year earlier, which the company attributes to delayed customer orders expected to be captured in fiscal 2027.\n\nThe filing was submitted on August 31, 2026, making this release a late informational notice rather than new results. Service revenue grew 59.3% to S$10,845, and cash rose to S$762,234 with shareholders' equity improving to S$5.30 million following the November 2025 IPO.\n\nRevenue at roughly S$132K is immaterially small for a listed company, and management's growth expectations for the October 2026 half remain unproven.","key_figures":{"revenue":"S$132,077","revenueYoy":"-21.2%","customDimensions":{"service_revenue":"S$10,845","prior_year_revenue":"S$167,707","shareholders_equity":"S$5.30 million","cash_and_equivalents":"S$762,234","service_revenue_growth":"59.3%"}},"named_entities":{"people":[],"products":[],"companies":[{"name":"Phaos Technology Holdings (Cayman) Limited","ticker":"POAS","relationship":"filer"}],"dollarAmounts":[{"amount":"S$132,077","context":"FY2026 revenue"},{"amount":"S$167,707","context":"FY2025 revenue"},{"amount":"S$10,845","context":"FY2026 service revenue"},{"amount":"S$762,234","context":"cash and cash equivalents as of April 30, 2026"},{"amount":"S$5.30 million","context":"total shareholders' equity as of April 30, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-16T22:30:05.242Z","global_importance":8,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap","eventGravity":"routine_filing_notice","issuerAuthored":true}},"durationMs":5013,"modelName":"glm-5.3-flashx"}}