FST Corp. Announces 24 Percent Revenue Growth for First Half of 2025
FST Corp. (NASDAQ:KBSX), a leading golf shaft manufacturer, reported significant financial results for H1 2025. The company achieved revenue of $22.19 million, marking a 24% increase from $17.83 million in H1 2024, driven by increased OEM sales. Despite improved gross profit margin of 46.0% (up from 43.4%), FST posted a net loss of $5.83 million ($(0.13) per share), compared to net income of $77,617 in H1 2024.
The bottom-line decline was attributed to a 40% increase in operating expenses, including $1.75 million in one-time listing expenses, a $1.88 million OTE derivative loss, and a $2.22 million foreign exchange loss. Excluding listing expenses, FST would have reported operating income of approximately $220,000. The company maintains sufficient liquidity with $6.80 million in cash and expects continued growth through new product launches and expansion in Asia and Europe.
FST Corp. (NASDAQ:KBSX), importante produttore di shaft per golf, ha comunicato risultati significativi per il primo semestre 2025. La societ脿 ha realizzato ricavi per $22,19 milioni, segnando un aumento del 24% rispetto ai $17,83 milioni del primo semestre 2024, trainati da una maggiore domanda OEM. Nonostante un miglioramento della margine lordo al 46,0% (dal 43,4%), FST ha registrato una perdita netta di $5,83 milioni (pari a $(0,13) per azione), rispetto a un utile netto di $77.617 nel primo semestre 2024.
Il peggioramento del risultato netto 猫 stato causato da un aumento del 40% delle spese operative, che includono $1,75 milioni di costi una tantum legati alla quotazione, una perdita di $1,88 milioni su derivati OTE e una perdita cambi di $2,22 milioni. Escludendo i costi di quotazione, FST avrebbe registrato un risultato operativo di circa $220.000. L鈥檃zienda mantiene liquidit脿 sufficiente con $6,80 milioni in cassa e prevede una crescita continua grazie al lancio di nuovi prodotti e all鈥檈spansione in Asia ed Europa.
FST Corp. (NASDAQ:KBSX), fabricante l铆der de shafts de golf, inform贸 resultados financieros relevantes en el primer semestre de 2025. La compa帽铆a alcanz贸 ingresos de $22,19 millones, un aumento del 24% respecto a $17,83 millones en el primer semestre de 2024, impulsados por mayores ventas OEM. A pesar de una mejora en el margen bruto al 46,0% (desde 43,4%), FST registr贸 una p茅rdida neta de $5,83 millones ($(0,13) por acci贸n), frente a un beneficio neto de $77.617 en el primer semestre de 2024.
El retroceso en el resultado final se atribuye a un aumento del 40% en gastos operativos, que incluyen $1,75 millones en gastos puntuales por la cotizaci贸n, una p茅rdida de derivados OTE de $1,88 millones y una p茅rdida por cambio de $2,22 millones. Excluyendo los gastos de la cotizaci贸n, FST habr铆a reportado un resultado operativo de aproximadamente $220.000. La compa帽铆a mantiene suficiente liquidez con $6,80 millones en efectivo y espera seguir creciendo mediante nuevos lanzamientos de productos y expansi贸n en Asia y Europa.
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靾滌啇鞁� 鞎呿檾電� 鞓侅梾牍勳毄 40% 歃濌皜鞐� 旮办澑頃橂┌, 鞐赴鞐愲姅 靸侅灔 甏�霠� 鞚柬殞靹� 牍勳毄 $1.75氚彪, OTE 韺岇儩靸來拡 靻愳嫟 $1.88氚彪, 頇橃湪靻愳嫟 $2.22氚彪鞚� 韽暔霅╇媹雼�. 靸侅灔 牍勳毄鞚� 鞝滌櫢頃橂┐ FST鞚� 鞓侅梾鞚挫澋鞚� 鞎� $220,000 靾橃鞚挫棃鞚� 瓴冹瀰雼堧嫟. 須岇偓電� $6.80氚彪 順勱笀鞙茧 於╇秳頃� 鞙犽彊靹膘潉 鞙犾頃橁碃 鞛堨溂氅� 鞁犾牅頀� 於滌嫓鞕� 鞎勳嫓鞎劼缝湢霟� 頇曥灔鞚� 韱淀暣 靹膘灔鞚� 鞚挫柎臧� 瓴冹溂搿� 鞓堨儊頃╇媹雼�.
FST Corp. (NASDAQ:KBSX), fabricant majeur de shafts de golf, a publi茅 des r茅sultats significatifs pour le premier semestre 2025. La soci茅t茅 a r茅alis茅 un chiffre d'affaires de 22,19 millions $, soit une hausse de 24% par rapport 脿 17,83 millions $ au S1 2024, port茅e par une augmentation des ventes OEM. Malgr茅 une marge brute am茅lior茅e 脿 46,0% (contre 43,4%), FST a enregistr茅 une perte nette de 5,83 millions $ (soit $(0,13) par action), contre un b茅n茅fice net de 77 617 $ au S1 2024.
La d茅t茅rioration du r茅sultat net s'explique par une hausse de 40% des charges d'exploitation, incluant 1,75 million $ de frais de cotation exceptionnels, une perte sur d茅riv茅s OTE de 1,88 million $ et une perte de change de 2,22 millions $. Hors frais de cotation, FST aurait d茅gag茅 un r茅sultat d'exploitation d'environ 220 000 $. L'entreprise dispose d'une liquidit茅 suffisante avec 6,80 millions $ en tr茅sorerie et pr茅voit de poursuivre sa croissance gr芒ce 脿 de nouveaux lancements de produits et 脿 son expansion en Asie et en Europe.
FST Corp. (NASDAQ:KBSX), ein f眉hrender Hersteller von Golfsch盲ften, meldete f眉r das erste Halbjahr 2025 bedeutsame Ergebnisse. Das Unternehmen erzielte Umsatz in H枚he von $22,19 Mio., was einem Anstieg von 24% gegen眉ber $17,83 Mio. im ersten Halbjahr 2024 entspricht, getrieben durch h枚here OEM-Verk盲ufe. Trotz einer verbesserten Bruttomarge von 46,0% (vorher 43,4%) verzeichnete FST einen Nettogewinnverlust von $5,83 Mio. ($(0,13) je Aktie), gegen眉ber einem Nettogewinn von $77.617 im ersten Halbjahr 2024.
Der R眉ckgang des Finanzergebnisses ist auf einen Anstieg der Betriebskosten um 40% zur眉ckzuf眉hren, darunter $1,75 Mio. einmalige Notierungskosten, ein OTE-Derivateverlust von $1,88 Mio. und ein Wechselkursverlust von $2,22 Mio. Ohne die Notierungskosten h盲tte FST ein Betriebsergebnis von rund $220.000 ausgewiesen. Das Unternehmen verf眉gt 眉ber ausreichende Liquidit盲t mit $6,80 Mio. in bar und rechnet mit weiterem Wachstum durch neue Produktlancierungen und Ausweitung in Asien und Europa.
- Revenue growth of 24% year-over-year to $22.19 million
- Gross profit margin improved to 46.0% from 43.4%
- Positive operating income of $220,000 after adjusting for one-time expenses
- Cash position increased to $6.80 million from $5.10 million
- Planned expansion into Southeast Asia, East Asia, and European markets
- New product line launch scheduled for Q4 2025
- Net loss of $5.83 million compared to net income of $77,617 in H1 2024
- 40% increase in total operating expenses
- Foreign exchange loss of $2.22 million versus gain of $967,140 in prior year
- OTE derivative loss of $1.88 million compared to no charge last year
- Operating cash flow turned negative at -$1.09 million from +$1.42 million
- Current liabilities ($34.15M) exceed current assets ($29.33M)
Insights
FST Corp shows strong 24% revenue growth but posts net loss due to increased expenses and one-time costs.
FST Corp's first half results present a mixed financial picture with impressive
However, despite the strong top-line performance, FST swung to a net loss of
The company's adjusted operating results tell a more positive story - excluding the one-time listing expenses, FST would have posted operating income of approximately
The balance sheet shows increased cash levels but concerning growth in current liabilities, which rose to
Management's outlook is optimistic, focusing on continued revenue growth through new product launches and geographic expansion, while implementing cost controls to improve margins. The anticipated end of listing expenses by year-end should provide a bottom-line boost for 2026, but the current liquidity situation and growing liabilities warrant close monitoring.
BOULDER, CO., Aug. 21, 2025 (GLOBE NEWSWIRE) -- FST Corp. (Nasdaq: KBSX), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today announced that, for the first six months of 2025 ended June 30, the Company had revenue of
Gross profit margin for the first half of 2025 improved to 46.0 percent, compared with 43.4 percent in the prior-year period. This increase was attributable to additional sales of higher-margin products, as well as an increase in operational efficiency.
The Company had a net loss of
FST鈥檚 loss from operations for the first half of 2025 was
As of June 30, 2025, and December聽31, 2024, FST had cash and cash equivalents of
Net cash used in operating activities was
The Company believes that its current liquidity, together with cash flows from operations and available credit facilities, will be sufficient to fund operating requirements for the next 12 months.
The weighted average number of ordinary shares was 44,766,003 for the first half of 2025 and 54,554,395 for the first half of 2024.
鈥淲e are gratified to report another period of excellent revenue growth,鈥� said FST chief executive David Chuang. 鈥淲e鈥檙e also happy to report that, after adjusting for one-time listing expenses related to the merger that took us public, we had operating income for the first half of 2025 of
鈥淟ooking forward to the remainder of the year, we expect our sales momentum to continue, boosted by our launch of a new product line in Q4. We also plan to grow our top line by pursuing additional OEM business with our strategic business partners and expanding our distribution channels in Southeast and East Asia, as well as Europe. We intend to improve our margins and bottom line by implementing additional cost control measures.
鈥淔inally, we expect that all listing expenses relating to our merger will be accounted for by the end of this year, thus giving a further boost to our bottom line in 2026 and beyond.鈥�
About FST Corp.
Founded in 1989, FST Corp. manufactures and sells golf club shafts, along with other golf-related items, to golf equipment brands, OEMs, distributors, and consumers via the company鈥檚 KBS Golf Experience retail outlets. FST鈥檚 equipment, marketed under the KBS brand, is utilized by golfers at all levels, including many professional players participating in the PGA and other major golf associations. The company鈥檚 product portfolio, retail presence, and golf-related services are part of a vertically integrated business model that has established the KBS brand on a global scale and created significant competitive advantages over peer brands. The company鈥檚 growth strategies currently position it for expansion into the PRC and other under-tapped golf shaft markets.
Forward-Looking Statements
This press release contains forward-looking statements regarding future expectations, plans, and prospects, as well as statements that are not historical facts. These statements involve known and unknown risks, uncertainties, and assumptions based on the Company鈥檚 current expectations about events that may impact its financial condition, results, strategy, and needs. Forward-looking statements can often be identified by terms such as 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渁im,鈥� 鈥渆stimate,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渂elieve,鈥� 鈥渓ikely,鈥� and similar expressions.
The Company assumes no obligation to update or revise these statements to reflect new events or changes in expectations, except as required by law. While these statements reflect reasonable expectations, actual results may differ materially. Investors are encouraged to review the Company鈥檚 registration statement and SEC filings for additional information on factors that may impact future results.
Company Contact:
FST Corp.
1801 13th Street, Suite 306,
Boulder, CO 80302
Office: 303-444-2226
Email:
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835聽
Email:
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