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MKDW

MKDWELL Tech Inc.

MKDW

MKDWELL Tech Inc. • NASDAQ
$0.21 ▲ 7.54% (+0.01)
Market Cap $29.70 M
52w High $1.20
52w Low $0.14
Dividend Yield 0%
P/E -1.38
Volume 554.49K
Outstanding Shares 143.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2024 $0 $197.476K ▼ $268.671K ▲ 0% $0.044 ▲ $388.328K ▲
Q4-2023 $0 $452.215K $-426.153K 0% $-0.057 $-426.484K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $542.591K ▲ $8.895M ▲ $14.069M ▲ $-4.209M ▼
Q2-2024 $271.609K ▲ $8.167M ▼ $9.493M ▲ $-645.49K ▼
Q1-2024 $19.545K ▼ $21.893M ▲ $3.582M ▼ $18.311M ▲
Q4-2023 $924.428K ▲ $9.171M ▲ $8.836M ▲ $595.842K ▲
Q2-2023 $500.122K $8.234M $7.709M $-47.372K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2024 $268.671K ▲ $-582.53K ▼ $38.972M ▲ $-38.691M ▼ $-301.426K ▼ $-582.53K ▼
Q4-2023 $-426.153K $-94.667K $317K $59.053K $281.386K $-94.67K

Five-Year Company Overview

Income Statement

Income Statement MKDW’s reported income statement is still very thin and more reflective of a developing business than a mature auto‑parts supplier. Public data show essentially no meaningful revenue over the recent years in the historical set, and company commentary points to only modest sales with losses that have been growing. In simple terms, the business is spending more than it is bringing in, with negative earnings per share that have drifted weaker since listing. This suggests MKDW is still in a build‑out phase, where fixed costs, listing expenses, and development efforts weigh heavily on profitability while revenue scale is not yet established.

Balance Sheet

Balance Sheet The balance sheet looks very light, with only a small asset base and minimal equity, supported partly by debt. That combination points to a fragile financial structure: limited resources, not much cushion to absorb shocks, and a higher dependence on outside financing. The lack of a strong cash position and the small scale of total assets mean the company has less room to make big investments, withstand delays in orders, or navigate industry downturns without additional capital support.

Cash Flow

Cash Flow Reported cash flow figures show essentially no meaningful operating cash generation or free cash flow, which is consistent with a young or still‑scaling company. In practical terms, the business is not yet funding itself from its own operations and likely relies on external financing, such as the SPAC transaction or other capital raises, to cover ongoing costs and investments. This makes the timing of revenue ramp‑up and cost control especially important, because without sustained positive cash flow, the company’s flexibility remains limited.

Competitive Edge

Competitive Edge MKDW sits in a niche of automotive electronics rather than traditional metal or mechanical auto parts. It focuses on intelligent control systems for RVs, commercial vehicles, and logistics, as well as LiDAR and telematics, and offers both design and manufacturing services. This “total solution” and customization capability can be attractive to specialized vehicle makers and converters. At the same time, the company is small, newly listed, and operating in a crowded field with many better‑capitalized competitors, including other emerging tech players. Its competitive position therefore depends heavily on carving out specific applications where its technology, responsiveness, and customization give it an edge, rather than trying to compete broadly across the auto components landscape.

Innovation and R&D

Innovation and R&D Innovation is the clear storyline: MKDW’s portfolio spans intelligent RV control units, LiDAR sensors, container control systems, and telematics hardware, all aligned with long‑term trends toward smarter, more connected vehicles and logistics. Being based in Hsinchu Science Park likely helps with access to engineering talent and tech partners. However, public information on the level and consistency of R&D spending is limited, and the company’s small scale means it must prioritize sharply: it cannot outspend large global suppliers. The opportunity is to focus on narrow, high‑value niches and leverage ODM/OEM customization, but execution risk is high given the need to convert these technologies into stable, repeat customer programs.

Summary

MKDW is an early‑stage, newly listed auto‑electronics company with an innovation‑driven story but still‑immature financials. Revenues are modest, profitability is negative, and the balance sheet and cash flows indicate a reliance on external funding rather than self‑sustaining operations. On the positive side, the company is positioned in growing areas—intelligent vehicle systems, LiDAR, and connected logistics—and offers customized solutions that can appeal to specific segments like RVs and commercial fleets. On the risk side, it faces intense competition, small scale, execution challenges, and the typical uncertainties that come with a recent SPAC listing and widening losses. The long‑term outcome will depend on MKDW’s ability to convert its technology into recurring business, manage costs carefully, and secure sufficient capital to bridge the period until its operations can stand on their own.