Net cash used in operating activities was $1,091,950 for the first half of 2025, compared with net cash provided by operating activities of $1,420,385 in the first half of 2024. Net cash used in investing activities was $241,198 in the first half of 2025 compared with $1,443,282 in the first half of 2024. Net cash provided by financing activities was $212,058 in the first half of 2025 compared with net cash used in financing activities of $49,089 in the first half of 2024. BOULDER, CO., Aug. 21, 2025 (GLOBE ...

Core Viewpoint - FST Corp. reported significant revenue growth in the first half of 2025, driven by increased sales in the OEM sector, despite experiencing a net loss due to rising operating expenses and one-time costs related to its public listing [1][3][8]. Financial Performance - Revenue for the first six months of 2025 reached $22,193,432, marking a 24% increase from $17,829,745 in the same period of 2024 [1]. - Gross profit margin improved to 46.0% in the first half of 2025, up from 43.4% in the prior-year period, attributed to higher-margin product sales and improved operational efficiency [2]. - The company reported a net loss of $5,827,047, or $(0.13) per share, compared to a net income of $77,617, or $0.01 per share, in the same period a year earlier [3]. - Total operating expenses increased by $3,357,809, or 40%, compared to the first half of 2024, primarily due to higher personnel costs and marketing expenses [3]. - Loss from operations was $1,529,247 for the first half of 2025, compared to a loss of $644,225 in the prior year; however, adjusting for one-time expenses, the company would show an operating income of approximately $220,000 [4]. Cash Flow and Liquidity - As of June 30, 2025, cash and cash equivalents were $6,802,368, up from $5,098,420 at the end of 2024; total current assets increased to $29,327,334 from $26,655,003, while total current liabilities rose to $34,151,914 from $22,113,495 [5]. - Net cash used in operating activities was $1,091,950 for the first half of 2025, compared to net cash provided of $1,420,385 in the first half of 2024 [6]. Strategic Outlook - The company anticipates continued sales momentum, driven by a new product line launch in Q4 and plans to expand OEM business and distribution channels in Southeast and East Asia, as well as Europe [8]. - FST expects to account for all listing expenses related to its merger by the end of 2025, which is projected to positively impact the bottom line in 2026 and beyond [9]. - The company operates a vertically integrated business model, enhancing its competitive advantages and positioning for growth in under-tapped markets, including the PRC [10].