MKDW
MKDW
MKDWELL Tech Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2024 | $0 | $197.48K ▼ | $268.67K ▲ | 0% | $0.04 ▲ | $388.33K ▲ |
| Q4-2023 | $0 | $452.21K | $-426.15K | 0% | $-0.06 | $-426.48K |
What's going well?
The company cut its operating expenses sharply and posted a profit after a big loss last quarter. The bottom line is up thanks to a large amount of other income.
What's concerning?
The company still has no revenue and its core operations are unprofitable. The profit this quarter is not from regular business activity, so results are not sustainable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2024 | $542.59K ▲ | $8.89M ▲ | $14.07M ▲ | $-4.21M ▼ |
| Q2-2024 | $271.61K ▲ | $8.17M ▼ | $9.49M ▲ | $-645.49K ▼ |
| Q1-2024 | $19.55K ▼ | $21.89M ▲ | $3.58M ▼ | $18.31M ▲ |
| Q4-2023 | $924.43K ▲ | $9.17M ▲ | $8.84M ▲ | $595.84K ▲ |
| Q2-2023 | $500.12K | $8.23M | $7.71M | $-47.37K |
What's financially strong about this company?
The company has increased its cash balance and receives some customer prepayments. Most assets are tangible, like property and equipment, which could have real value.
What are the financial risks or weaknesses?
Debt and payables have surged, equity is deeply negative, and the company doesn't have enough cash or assets to pay its near-term bills. Retained losses are huge, and working capital is under severe pressure.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2024 | $268.67K ▲ | $-582.53K ▼ | $38.97M ▲ | $-38.69M ▼ | $-301.43K ▼ | $-582.53K ▼ |
| Q4-2023 | $-426.15K | $-94.67K | $317K | $59.05K | $281.39K | $-94.67K |
What's strong about this company's cash flow?
The company managed to report a profit this quarter and returned cash to shareholders through buybacks. No new debt was taken on, so the balance sheet isn't getting riskier.
What are the cash flow concerns?
Operating cash burn worsened dramatically, free cash flow is deeply negative, and the company is running out of cash. Buybacks are not sustainable at this burn rate, and the business is dependent on outside funding or asset sales.
5-Year Trend Analysis
A comprehensive look at MKDWELL Tech Inc.'s financial evolution and strategic trajectory over the past five years.
Key strengths include a focused position in specialized automotive electronics segments, strong customization and integration capabilities, an established R&D base in a major tech cluster, and a portfolio that spans control systems, sensing, and telematics. The company has consistently prioritized innovation and has built intangible assets and customer-specific solutions that could support sticky relationships, particularly with OEM and logistics partners.
The main risks are financial and execution-related: persistent and widening losses, sharply negative free cash flow, rising leverage, and deteriorating liquidity, including negative equity and high short-term obligations. Commercially, the sharp recent revenue decline, exposure to powerful OEM customers, fast technological change, and potential encroachment by larger competitors all add to uncertainty. Together, these factors raise questions about the company’s ability to fund its strategy and achieve scale before financial strain intensifies further.
The outlook is cautious and hinges on a few pivotal developments: stabilizing and then regrowing revenue in its niche markets, improving cost discipline to narrow losses, and managing the balance sheet so that liquidity and solvency risks do not overwhelm the business. If MKDW can successfully commercialize its innovations, deepen OEM relationships, and gradually move toward breakeven, its technology and niche focus could support a more sustainable model. If not, continuing cash burn and leverage could constrain its strategic options over time.
About MKDWELL Tech Inc.
MKDWELL Tech Inc. is a holding company, which engages in the manufacture and supply of electronic equipment for vehicles through its subsidiaries. The company was founded on July 25, 2023 and is headquartered in Road Town, British Virgin Islands.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2024 | $0 | $197.48K ▼ | $268.67K ▲ | 0% | $0.04 ▲ | $388.33K ▲ |
| Q4-2023 | $0 | $452.21K | $-426.15K | 0% | $-0.06 | $-426.48K |
What's going well?
The company cut its operating expenses sharply and posted a profit after a big loss last quarter. The bottom line is up thanks to a large amount of other income.
What's concerning?
The company still has no revenue and its core operations are unprofitable. The profit this quarter is not from regular business activity, so results are not sustainable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2024 | $542.59K ▲ | $8.89M ▲ | $14.07M ▲ | $-4.21M ▼ |
| Q2-2024 | $271.61K ▲ | $8.17M ▼ | $9.49M ▲ | $-645.49K ▼ |
| Q1-2024 | $19.55K ▼ | $21.89M ▲ | $3.58M ▼ | $18.31M ▲ |
| Q4-2023 | $924.43K ▲ | $9.17M ▲ | $8.84M ▲ | $595.84K ▲ |
| Q2-2023 | $500.12K | $8.23M | $7.71M | $-47.37K |
What's financially strong about this company?
The company has increased its cash balance and receives some customer prepayments. Most assets are tangible, like property and equipment, which could have real value.
What are the financial risks or weaknesses?
Debt and payables have surged, equity is deeply negative, and the company doesn't have enough cash or assets to pay its near-term bills. Retained losses are huge, and working capital is under severe pressure.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2024 | $268.67K ▲ | $-582.53K ▼ | $38.97M ▲ | $-38.69M ▼ | $-301.43K ▼ | $-582.53K ▼ |
| Q4-2023 | $-426.15K | $-94.67K | $317K | $59.05K | $281.39K | $-94.67K |
What's strong about this company's cash flow?
The company managed to report a profit this quarter and returned cash to shareholders through buybacks. No new debt was taken on, so the balance sheet isn't getting riskier.
What are the cash flow concerns?
Operating cash burn worsened dramatically, free cash flow is deeply negative, and the company is running out of cash. Buybacks are not sustainable at this burn rate, and the business is dependent on outside funding or asset sales.
5-Year Trend Analysis
A comprehensive look at MKDWELL Tech Inc.'s financial evolution and strategic trajectory over the past five years.
Key strengths include a focused position in specialized automotive electronics segments, strong customization and integration capabilities, an established R&D base in a major tech cluster, and a portfolio that spans control systems, sensing, and telematics. The company has consistently prioritized innovation and has built intangible assets and customer-specific solutions that could support sticky relationships, particularly with OEM and logistics partners.
The main risks are financial and execution-related: persistent and widening losses, sharply negative free cash flow, rising leverage, and deteriorating liquidity, including negative equity and high short-term obligations. Commercially, the sharp recent revenue decline, exposure to powerful OEM customers, fast technological change, and potential encroachment by larger competitors all add to uncertainty. Together, these factors raise questions about the company’s ability to fund its strategy and achieve scale before financial strain intensifies further.
The outlook is cautious and hinges on a few pivotal developments: stabilizing and then regrowing revenue in its niche markets, improving cost discipline to narrow losses, and managing the balance sheet so that liquidity and solvency risks do not overwhelm the business. If MKDW can successfully commercialize its innovations, deepen OEM relationships, and gradually move toward breakeven, its technology and niche focus could support a more sustainable model. If not, continuing cash burn and leverage could constrain its strategic options over time.
CEO
Ming Chia Huang
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2026-01-26 | Reverse | 1:30 |