MKDWW
MKDWW
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 net income flipped from a big loss to a profit. Fewer shares outstanding means each shareholder benefits more from any profits.
What's concerning?
The company still has no revenue, so the profit came from non-operating sources, not from selling products or services. Without real sales, this profit may not be repeatable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $24.08K ▼ | $18.4M ▲ | $13.51M ▲ | $5.78M ▼ |
| Q2-2025 | $10.28M ▲ | $18.33M ▲ | $12.59M ▼ | $6.34M ▲ |
| 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 |
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 returned a large amount of cash to shareholders through buybacks and is not taking on new debt. No capital spending keeps costs low.
What are the cash flow concerns?
Cash burn is accelerating, cash on hand is nearly gone, and buybacks are draining reserves. The business cannot sustain itself without new funding.
5-Year Trend Analysis
A comprehensive look at MKDWELL Tech Inc.'s financial evolution and strategic trajectory over the past five years.
MKDWELL combines a strong cash position and net cash balance with a focused set of technological capabilities in intelligent vehicle electronics and navigation. It has positive revenue, a relatively clean and cash‑rich balance sheet, regional engineering and manufacturing presence in key Asian tech hubs, and a strategy centered on customized ODM/OEM solutions and integration of Beidou and LiDAR technologies. Diversification into agricultural automation adds a potentially attractive new end market.
The main risks are financial and execution‑related. The company is meaningfully loss‑making, with thin gross margins, heavy operating expenses, and negative cash flow from operations and free cash flow. Accumulated losses are large, and leverage is elevated relative to equity, making the business dependent on continued external financing if performance does not improve. Competitive and technological risks in auto electronics and LiDAR are high, and the geographic footprint exposes it to macro, regulatory, and geopolitical uncertainties.
The forward picture is that of a high‑risk, innovation‑oriented company with both promise and significant hurdles. If MKDWELL can scale revenue, improve gross margins, and bring operating costs in line with its size, the existing cash buffer and technology base provide room to progress toward sustainability. Conversely, if commercialization of its advanced systems and new agricultural initiatives lags, ongoing cash burn and leverage may become more pressing concerns. Outcomes will be heavily driven by execution in turning R&D and niche technical strengths into stable, profitable customer relationships.
About MKDWELL Tech Inc.
http://www.mkd.com.twMKDWELL Tech Inc. functions as a holding company that oversees the production and distribution of electronic devices for the automotive industry through its various subsidiaries. This enterprise was established on July 25, 2023, and its main office is located 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 net income flipped from a big loss to a profit. Fewer shares outstanding means each shareholder benefits more from any profits.
What's concerning?
The company still has no revenue, so the profit came from non-operating sources, not from selling products or services. Without real sales, this profit may not be repeatable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $24.08K ▼ | $18.4M ▲ | $13.51M ▲ | $5.78M ▼ |
| Q2-2025 | $10.28M ▲ | $18.33M ▲ | $12.59M ▼ | $6.34M ▲ |
| 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 |
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 returned a large amount of cash to shareholders through buybacks and is not taking on new debt. No capital spending keeps costs low.
What are the cash flow concerns?
Cash burn is accelerating, cash on hand is nearly gone, and buybacks are draining reserves. The business cannot sustain itself without new funding.
5-Year Trend Analysis
A comprehensive look at MKDWELL Tech Inc.'s financial evolution and strategic trajectory over the past five years.
MKDWELL combines a strong cash position and net cash balance with a focused set of technological capabilities in intelligent vehicle electronics and navigation. It has positive revenue, a relatively clean and cash‑rich balance sheet, regional engineering and manufacturing presence in key Asian tech hubs, and a strategy centered on customized ODM/OEM solutions and integration of Beidou and LiDAR technologies. Diversification into agricultural automation adds a potentially attractive new end market.
The main risks are financial and execution‑related. The company is meaningfully loss‑making, with thin gross margins, heavy operating expenses, and negative cash flow from operations and free cash flow. Accumulated losses are large, and leverage is elevated relative to equity, making the business dependent on continued external financing if performance does not improve. Competitive and technological risks in auto electronics and LiDAR are high, and the geographic footprint exposes it to macro, regulatory, and geopolitical uncertainties.
The forward picture is that of a high‑risk, innovation‑oriented company with both promise and significant hurdles. If MKDWELL can scale revenue, improve gross margins, and bring operating costs in line with its size, the existing cash buffer and technology base provide room to progress toward sustainability. Conversely, if commercialization of its advanced systems and new agricultural initiatives lags, ongoing cash burn and leverage may become more pressing concerns. Outcomes will be heavily driven by execution in turning R&D and niche technical strengths into stable, profitable customer relationships.
CEO
Ming-Chia Huang