New York, June 9, 2026, 10:03 AM EDT
Autozi Internet Technology (Global) Ltd. shares shot up in early Nasdaq trade Tuesday, rising over four times to $5.69 after closing at $1.13. Trading volume came in around 76.5 million shares. Shares swung between $1.10 and $11.84, a big range for a small-cap stock.
Autozi is now trading on a much smaller share base after a 10-for-1 share consolidation in March. The reverse split combined every 10 shares into 1, raising the per-share price. Autozi said that brought Class A ordinary shares outstanding down to around 4.49 million and was part of its plan to keep its Nasdaq listing.
Stock gains are running up against recent operating results. In a May 29 filing exhibit, Autozi reported revenue for the six months to March 31 dropped 63.1% to $29.5 million. Gross profit was down 82.5% to $0.24 million, with net loss attributable to ordinary shareholders widening to $13.8 million from $5.2 million a year ago.
Autozi blamed the revenue decline on tougher lubricant-market conditions and its moves to push deeper into the new-energy vehicle space. The company also logged a 64.6% jump in operating expenses, citing increased financing costs as the main factor.
The Beijing-based company calls itself a lifecycle automotive services and supply-chain tech platform in China. It sells automotive products and services through both online and offline channels. Founded in 2010, the company has used supply-chain cloud and software tools to link up auto industry players.
Nearby U.S.-listed China auto stocks didn’t move in step. Jiuzi Holdings jumped 74% to $2.19. U Power slipped 3% to $1.31, while SunCar Technology picked up 3% at $1.17.
Autozi shares have seen big swings on newsflow. In March, the company announced co-investors would start moving a $30 million chunk of assets, the first part of a $110 million equity deal at $1.30 a share, after a $7 million injection from its main shareholder.
But the risk is clear. A surge driven by strong order flow can turn quickly if new funding, listing rules or progress on operations don’t materialize. In its annual report, Autozi said it wasn’t profitable, had negative operating cash flow, and warned of “substantial doubt” about its ability to keep going as a business, meaning it might not have enough cash or backing to survive.
Traders are watching to see if volume sticks after the initial jump on Tuesday. Longer-term holders still face the same issues: cash, ongoing losses, and if Autozi can use funding announcements to build a more stable automotive-services business.
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