Monitor the company's progress in implementing corrective measures for its material weaknesses in internal controls and whether it can successfully execute its liquidity plans to avoid going concern issues.
Price Chart
Executive Summary
FST Corp. reported a significant 31.4% revenue increase to $47.97 million in 2025, driven by strong OEM sales and market normalization. However, the company continues to face substantial liquidity challenges, with a net loss of $1.5 million, negative operating cash flow, and a material weakness in internal controls over financial reporting. Management has plans to address these issues, including refinancing debt and selling non-core assets.
Key Facts
- Revenue increased 31.4% year-over-year to $47.97 million in 2025
- Net loss was $1.5 million in 2025, down from $3.24 million in 2024
- Company has a working capital deficit of $2.94 million and negative operating cash flow
- Two material weaknesses in internal controls over financial reporting were identified
- Management disclosed plans to refinance debt and sell non-core assets to address liquidity
Financial Impact
The company reported a net loss of $1.5 million on $47.97 million in revenue, with a working capital deficit of $2.94 million.
Risk Factors
- Substantial doubt about the company's ability to continue as a going concern
- Material weaknesses in internal controls over financial reporting
- High leverage and liquidity constraints
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001213900-26-045612 |
| Document: ea028648601ex12-1.htm | 0001213900-26-045612 |
| Document: ea028648601ex12-2.htm | 0001213900-26-045612 |
| Document: ea028648601ex13-1.htm | 0001213900-26-045612 |
| Document: ea028648601ex13-2.htm | 0001213900-26-045612 |
| Document: 0001213900-26-045612-index-headers.html | 0001213900-26-045612 |
| Document: 0001213900-26-045612-index.html | 0001213900-26-045612 |
| Document: 0001213900-26-045612.txt | 0001213900-26-045612 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 9, 2026 20w ago | EFFECT | — | awaiting T+20 | — | — |
Apr 23, 2026 26w ago | 6-K | — | awaiting T+20 | — | — |
Apr 20, 2026 27w ago | 20-F | — | awaiting T+20 | — | — |
US Market Status
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