CLPS revenue rises 4.7% despite widening losses

Full story: https://grafa.com/en/news/united-states/clps-fiscal-2026-revenue-growth-second-half-loss

CLPS reported fiscal 2026 revenue of $172.2 million, up 4.7%, while second-half revenue increased 6.6% to $87.1 million.
Second-half gross profit fell 35.1% to $11.1 million, while net loss widened to $13.2 million from $6.6 million a year earlier.
CLPS plans tighter cost controls for customized IT solutions in fiscal 2027, alongside continued international expansion and digital technology development.

CLPS (NASDAQ:CLPS) reported fiscal 2026 revenue of $172.2 million, up 4.7%, despite a widening second-half net loss of $13.2 million.

Second-half revenue increased 6.6% to $87.1 million, while the net loss doubled from $6.6 million a year earlier and gross profit declined 35.1% to $11.1 million.

CLPS attributed the gross profit decline primarily to higher delivery costs for emerging-technology projects, while a major customer's downsizing also pressured its revenue performance.

The company recognized goodwill impairment and a bad debt provision on related-party loans, adding to financial pressure during the six months ended June 30, 2026.

CLPS said it plans tighter customized-solution cost controls and further international expansion in fiscal 2027.

Full-year customized IT solution revenue increased 113.9% to $5.9 million, while revenue generated outside mainland China grew 47.5% to $62.7 million.

Earlier in fiscal 2026, CLPS reported first-half revenue of $85.1 million and launched AI-related banking technology projects, including customized solutions for legacy financial systems.

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losses","html":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/94c2faccc675f3ab0946ccea8fc02a7a\" tg-width=\"1672\" tg-height=\"941\"></p>\n<p>Full story: https://grafa.com/en/news/united-states/clps-fiscal-2026-revenue-growth-second-half-loss</p>\n<ul>\n <li>\n  <p>CLPS reported fiscal 2026 revenue of $172.2 million, up 4.7%, while second-half revenue increased 6.6% to $87.1 million.</p></li>\n <li>\n  <p>Second-half gross profit fell 35.1% to $11.1 million, while net loss widened to $13.2 million from $6.6 million a year earlier.</p></li>\n <li>\n  <p>CLPS plans tighter cost controls for customized IT solutions in fiscal 2027, alongside continued international expansion and digital technology development.</p></li>\n</ul>\n<p style=\"text-align: start;\">CLPS (NASDAQ:CLPS) reported fiscal 2026 revenue of $172.2 million, up 4.7%, despite a widening second-half net loss of $13.2 million.</p>\n<p style=\"text-align: start;\">Second-half revenue increased 6.6% to $87.1 million, while the net loss doubled from $6.6 million a year earlier and gross profit declined 35.1% to $11.1 million.</p>\n<p style=\"text-align: start;\">CLPS attributed the gross profit decline primarily to higher delivery costs for emerging-technology projects, while a major customer's downsizing also pressured its revenue performance.</p>\n<p style=\"text-align: start;\">The company recognized goodwill impairment and a bad debt provision on related-party loans, adding to financial pressure during the six months ended June 30, 2026.</p>\n<p style=\"text-align: start;\">CLPS said it plans tighter customized-solution cost controls and further international expansion in fiscal 2027.</p>\n<p style=\"text-align: start;\">Full-year customized IT solution revenue increased 113.9% to $5.9 million, while revenue generated outside mainland China grew 47.5% to $62.7 million.</p>\n<p style=\"text-align: start;\">Earlier in fiscal 2026, CLPS 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increased 113.9% to $5.9 million, while revenue generated outside mainland China grew 47.5% to $62.7 million.</p>\n<p style=\"text-align: start;\">Earlier in fiscal 2026, CLPS reported first-half revenue of $85.1 million and launched AI-related banking technology projects, including customized solutions for legacy financial systems.</p></body></html>","text":"Full story: https://grafa.com/en/news/united-states/clps-fiscal-2026-revenue-growth-second-half-loss CLPS reported fiscal 2026 revenue of $172.2 million, up 4.7%, while second-half revenue increased 6.6% to $87.1 million. Second-half gross profit fell 35.1% to $11.1 million, while net loss widened to $13.2 million from $6.6 million a year earlier. CLPS plans tighter cost controls for customized IT solutions in fiscal 2027, alongside continued international expansion and digital technology development. CLPS (NASDAQ:CLPS) reported fiscal 2026 revenue of $172.2 million, up 4.7%, despite a widening second-half net loss of $13.2 million. Second-half revenue increased 6.6% to $87.1 million, while the net loss doubled from $6.6 million a year earlier and gross profit declined 35.1% to $11.1 million. CLPS attributed the gross profit decline primarily to higher delivery costs for emerging-technology projects, while a major customer's downsizing also pressured its revenue performance. The company recognized goodwill impairment and a bad debt provision on related-party loans, adding to financial pressure during the six months ended June 30, 2026. CLPS said it plans tighter customized-solution cost controls and further international expansion in fiscal 2027. Full-year customized IT solution revenue increased 113.9% to $5.9 million, while revenue generated outside mainland China grew 47.5% to $62.7 million. 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