Quarterly ResultJul 28, 2026, 04:21 PM
FST Corp. Q2 Revenue +9.7% to $12.55M; Board Approves $3M Buyback
AI Summary
FST Corp. announced strong second quarter 2026 financial results, with revenue increasing 9.7% year-over-year to $12.55 million. The company significantly improved its bottom line, reducing its net loss to $1.05 million from $3.03 million in the prior year quarter, and achieved positive operating income of $259,899. For the first half of 2026, FST Corp. reported a net income of $831,189, a substantial turnaround from a net loss in the same period last year. Additionally, the Board of Directors approved a share repurchase program of up to $3 million, reflecting confidence in the company's long-term strategy and growth trajectory.
Key Highlights
- Board approved a share repurchase program of up to $3 million.
- Q2 2026 revenue increased 9.7% year-over-year to $12.55 million.
- Q2 2026 net loss improved to $1.05 million from a $3.03 million loss in Q2 2025.
- Q2 2026 operating income was $259,899, an improvement from a $689,488 loss in Q2 2025.
- First half 2026 net income was $831,189, a significant improvement from a $5.83 million loss in H1 2025.
- Cash and cash equivalents stood at $8.22 million as of June 30, 2026.
- Net cash provided by operating activities for H1 2026 was $1.15 million.
- Company plans to launch a new steel shaft product in Q3 2026.
Price Impact
More from KBSX