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WCT

Wellchange Holdings Company Limited

WCT

Wellchange Holdings Company Limited • NASDAQ
$0.25 ▲ 1.83% (+0.00)
Market Cap $13.06 M
52w High $3.75
52w Low $0.12
Dividend Yield 0%
P/E -3.5
Volume 41.91K
Outstanding Shares 53.27M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $1.248M ▲ $1.751M ▲ $-881.704K ▼ -70.642% ▼ $-0.043 ▼ $-708.406K ▼
Q2-2024 $1.061M ▼ $323.122K ▼ $450.16K ▼ 42.425% ▲ $0.023 ▼ $552.334K ▼
Q4-2023 $1.309M ▲ $398.668K ▲ $473.03K ▲ 36.134% ▼ $0.024 ▲ $650.406K ▲
Q2-2023 $590.456K ▼ $180.131K ▼ $232.29K ▼ 39.341% ▼ $0.012 ▼ $286.686K ▼
Q4-2022 $835.558K $189.597K $390.324K 46.714% $0.018 $488.803K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $250.312K ▲ $6.695M ▲ $1.783M ▲ $4.913M ▲
Q2-2024 $8.199K ▼ $4.13M ▲ $1.68M ▲ $2.449M ▲
Q4-2023 $12.783K ▼ $3.297M ▲ $1.301M ▲ $1.997M ▲
Q2-2023 $142.54K ▼ $2.48M ▲ $1.207M ▼ $1.273M ▲
Q4-2022 $261.377K $2.314M $1.502M $811.973K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-881.704K ▼ $-732.5K ▼ $-2.202M ▼ $3.186M ▲ $0 ▼ $-732.5K ▼
Q2-2024 $450.16K ▼ $416.374K ▼ $-630.124K ▼ $208.164K ▲ $8.199K ▲ $416.374K ▼
Q4-2023 $473.03K ▲ $422.314K ▲ $-565.874K ▼ $3.51K ▲ $0 ▼ $422.314K ▲
Q2-2023 $232.29K ▼ $187.446K ▼ $-408 ▲ $-241.641K ▼ $142.54K ▼ $187.446K ▲
Q4-2022 $390.324K $584.181K $-657.327K $177.161K $209.515K $-73.145K

Five-Year Company Overview

Income Statement

Income Statement The income statement history is extremely thin. Reported revenue and operating profit are essentially non‑existent in the data provided, which suggests either that the business is still very early in commercial scaling or that the disclosures here are incomplete. The small swing from modest positive earnings per share in earlier years to a small loss most recently points to limited and volatile profitability with no clear earnings trend yet. Overall, this looks like a company still in the “building” phase rather than an established, revenue‑generating software provider, and the true underlying performance is hard to judge from the figures shown.

Balance Sheet

Balance Sheet The balance sheet appears very light, with only a small base of assets and effectively no reported debt. That combination can be positive from a leverage perspective, but it also hints at a very small operating footprint and limited financial resources. Equity is close to flat, suggesting the company has not yet built up a meaningful capital cushion through retained profits. In simple terms, this looks like a lean, under‑capitalized balance sheet that leaves little room for major setbacks and likely requires careful cash and cost management as the business grows.

Cash Flow

Cash Flow The cash flow data provided show no meaningful inflows or outflows from operating activities, investment, or capital spending. This is unusual for an operating software company and likely reflects either incomplete disclosure or a very early stage of operations. Without a visible pattern of cash generation or investment, it is difficult to assess how self‑sustaining the business is or how much it relies on external funding. For now, investors would need to assume high uncertainty around the company’s ability to fund growth from its own activities.

Competitive Edge

Competitive Edge Wellchange is positioning itself as a niche software provider for small and mid‑sized businesses, especially in Hong Kong. Its key pitch is an all‑in‑one, low‑cost cloud platform that bundles many back‑office functions into a single, simple system and is easier for non‑technical users. This focus on usability, local market understanding, and affordability can resonate with smaller firms that are often ignored by larger global ERP vendors. However, the market around it is very crowded and fragmented, with many local IT and system‑integration firms. That means Wellchange’s current edge likely rests on execution quality, customer service, and continuous improvement rather than on an impregnable moat.

Innovation and R&D

Innovation and R&D The company’s innovation story centers on three themes: an integrated cloud ERP suite (MR. CLOUD), the use of AI to automate bookkeeping, and the ability to customize or white‑label solutions for clients. Its emphasis on user interface design and data security is meant to reduce friction for small businesses adopting new tools. Future potential appears tied to extending AI into more predictive analytics and automation features, deepening mobile capabilities, and possibly expanding beyond Hong Kong. There are also hints of interest in partnerships and international expansion, but detailed roadmaps and R&D intensity are not clearly disclosed, so the depth and durability of its innovation engine remain uncertain.

Summary

Overall, Wellchange looks like a very early‑stage or lightly scaled software company with a clear strategic focus but limited visible financial track record. On paper, it is targeting a real need—simple, affordable digital tools for smaller businesses—and has built an integrated cloud and AI‑enabled offering that could appeal to that audience. At the same time, the financial disclosures here are sparse, profitability is not yet established, and the balance sheet appears thin. Success from here will likely depend on the company’s ability to convert its product concepts into sustained customer adoption and recurring revenue in a highly competitive SME software market, while carefully managing its modest financial base. Uncertainty is high, and more detailed, up‑to‑date financial and operating data would be needed to form a firmer view.

NEWS

September 19, 2025 · 4:30 PM UTC

Wellchange Holdings Company Limited Announces $4 Million Private Placement

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