MKDWELL Tech Inc. Reports First Half of Fiscal Year 2025 Unaudited Financial Results

Core Viewpoint - MKDWELL Tech Inc. reported significant revenue growth in the first half of 2025, primarily driven by increased orders from key customers, while maintaining stable losses year-on-year [3][7]. Financial Highlights - Total revenues for the first half of 2025 were US$1.37 million, an increase of 68.3% from US$0.81 million in the same period of 2024 [7]. - Revenues from sales of manufactured electronic products rose by US$0.61 million, or 102.8%, from US$0.59 million in the first half of 2024 to US$1.20 million in the first half of 2025 [5]. - Revenues from commissioned processing services increased by US$0.09 million, or 128.9%, from US$0.07 million in the first half of 2024 to US$0.16 million in the first half of 2025 [6]. - Gross profit for the first half of 2025 was US$0.09 million with a gross profit margin of 6.5%, compared to US$0.07 million and a margin of 8.2% in the same period of 2024 [7][11]. - The net loss for the first half of 2025 was US$1.70 million, a decrease of 1.5% from US$1.73 million in the first half of 2024 [24]. Cost and Expenses - Cost of revenues increased by US$0.53 million, or 71.5%, from US$0.74 million in the first half of 2024 to US$1.28 million in the first half of 2025 [9]. - Selling expenses rose by US$0.02 million, or 15.7%, from US$0.11 million in the first half of 2024 to US$0.13 million in the first half of 2025 [12]. - General and administrative expenses decreased by US$0.09 million, or 7.8%, from US$1.15 million in the first half of 2024 to US$1.06 million in the first half of 2025 [14]. - Research and development expenses slightly increased by US$0.03 million, or 9.0%, from US$0.35 million in the first half of 2024 to US$0.38 million in the first half of 2025 [16]. Liquidity and Capital Resources - As of June 30, 2025, the company had accumulated deficits of US$15.14 million, with a working capital surplus of US$2.96 million [25]. - The company plans to finance future working capital requirements through cash generated from operations and may seek additional financing if necessary [26]. Company Overview - MKDWELL Tech Inc. is a manufacturer and supplier of automotive electronics, with operations in Mainland China and Taiwan, focusing on research, development, design, and production of automotive electronic products [31].