Phaos Technology (Cayman) Holdings Ltd (POAS)
CIK 2024258 · EDGAR correspondence
| Date | Company | Type | Outcome | Issues |
|---|---|---|---|---|
| 2026-03-06 | Phaos Technology (Cayman) Holdings Ltd (POAS) | SEC staff letter | Review completed (no further comments) | |
| 2026-03-05 | Phaos Technology (Cayman) Holdings Ltd (POAS) | Company response | Agreed to revise | MD&A: Results & Known TrendsIFRS & Foreign Private Issuers |
| 2026-02-19 | Phaos Technology (Cayman) Holdings Ltd (POAS) | SEC staff letter | 1 staff comment(s) issued | MD&A: Results & Known TrendsIFRS & Foreign Private Issuers |
Comments & responses
2026-02-19 · (Cayman) Holdings Ltd Form 20-F filed September 18, 2025 · Comment 1 · Statements of Operations, page F-3 Agreed to revise
Staff comment: Please identify for us the business, competitive and economic factors that caused your sales to decline by 91%. Explain the underlying reasons for the reduction in sales orders from your largest customers. This information should also be included under Item 5 of your next Form 20-F. letter →
Company response: We respectfully advise the staff as follows: The Company’s revenue for the years ended April 30, 2025 and 2024 were S$167,707 (approximately US$128,464) and S$1,882,803 (approximately US$1,380,848), respectively, representing a decrease of 91.1%. This reduction in revenue was primarily attributed to a reduction in sales orders from our largest customers due to a change in our business strategy in which we directly interact with our customers. As a result, the Company has expanded its sales channel from selling to our distributors to selling directly to customers, with the price of the products remaining largely unchanged, leading to a decline in revenue where sales to distributors have… response letter →
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