Recent Updates — MGRT

Mega Fortune Company Limited reported a net loss of $3.4 million for the six months ended March 31, 2026, compared to net income of $912,000 in the prior year period. Total revenues collapsed by 90.3% to $522,000 from $5.4 million, driven by an 89.2% decline in IoT solutions services and a 97.4% drop in BPO services due to operational downsizing and limited client capacity. Operating expenses surged, with selling and marketing costs rising nearly 19-fold to $2.5 million as the company expanded its sales team despite shrinking revenue. The firm operates in the Internet of Things (IoT) solutions industry.