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Wetouch Technology Inc.

WETH

Wetouch Technology Inc. • NASDAQ
$2.04 ▼ -0.97% (-0.02)
Market Cap $24.34 M
52w High $3.68
52w Low $0.76
Dividend Yield 0%
P/E 3.29
Volume 34.32K
Outstanding Shares 11.93M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $12.18T ▲ $852.484B ▲ $2.527T ▲ 20.749% ▲ $0.21 ▲ $3.627T ▲
Q2-2025 $12.419M ▼ $1.029M ▼ $2.242M ▼ 18.051% ▲ $0.19 ▼ $3.273M ▼
Q1-2025 $15.29M ▲ $1.669M ▲ $2.563M ▲ 16.761% ▲ $0.21 ▲ $4.172M ▲
Q4-2024 $3.631M ▼ $1.167M ▲ $109.895K ▼ 3.027% ▼ $0.009 ▼ $-193.299K ▼
Q3-2024 $11.538M $953.332K $2.661M 23.06% $0.22 $3.486M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $113.195M ▲ $139.908M ▲ $4.741M ▼ $135.167M ▲
Q2-2025 $110.452M ▲ $137.024M ▲ $5.219M ▼ $131.805M ▲
Q1-2025 $106.408M ▲ $133.678M ▲ $5.797M ▲ $127.881M ▲
Q4-2024 $103.76M ▼ $128.019M ▼ $3.434M ▼ $124.586M ▼
Q3-2024 $106.737M $133.144M $3.669M $129.475M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.527M ▲ $3.811M ▲ $0 $0 $2.742M ▼ $3.811M ▲
Q2-2025 $2.242M ▼ $2.637M ▲ $0 $0 $4.045M ▲ $2.637M ▲
Q1-2025 $2.563M ▲ $2.04M ▲ $0 ▲ $0 ▲ $2.647M ▲ $2.04M ▲
Q4-2024 $109.895K ▲ $1.814M ▼ $-152.626K ▼ $-434.576K ▼ $-2.977M ▼ $1.661M ▼
Q3-2024 $-3.261M $4.591M $-4.442K $170.62K $8.363M $4.586M

Five-Year Company Overview

Income Statement

Income Statement Wetouch’s income statement shows a very small but consistently profitable business. Revenue has been quite flat over the past several years, with only modest growth. The company has been able to keep a solid portion of its sales as gross profit and operating profit, which suggests decent cost control for its size. Net income has stayed positive, but the reported earnings per share have swung sharply, likely due more to changes in share count and past reverse splits than to dramatic shifts in the underlying business. Overall, this looks like a niche, steady, small-scale operation rather than a fast-growing revenue story at this stage.

Balance Sheet

Balance Sheet The balance sheet is simple and conservative. Total assets are small but have gradually increased, and cash makes up a large share of those assets. The company reports essentially no debt, which reduces financial risk and interest burden. Shareholders’ equity has been building over time, reflecting retained profits and a generally sound capital base for a small firm. The structure suggests financial stability but also highlights that the company remains relatively small and capital-light compared with larger industry players.

Cash Flow

Cash Flow Cash flow from operations has been modest but generally positive, indicating that the core business is generating cash rather than consuming it. Free cash flow has also been slightly positive most years, helped by low spending on equipment and facilities so far. There was one year with a noticeable bump in investment spending, but overall the company has not yet entered a heavy cash-burning expansion phase. The key watchpoint is that while cash generation is positive, it is still limited in scale, so any large growth projects will need careful funding and execution.

Competitive Edge

Competitive Edge Competitively, Wetouch operates in a focused niche: medium to large projected capacitive touchscreens for industrial, automotive, financial, and smart home uses. This avoids direct head‑to‑head battles in the crowded smartphone and tablet segment and positions the company where reliability, customization, and durability matter more than sheer volume. Its advantages include specialized know‑how in curved and large‑format touch displays, cost-efficient manufacturing in China, and a growing roster of well-known international customers. A large multi‑year supply agreement and relationships with global brands signal strong validation of its technology. The main risks are dependence on a relatively small set of large clients, rapid technological change, and intense competition from bigger display manufacturers with deeper pockets.

Innovation and R&D

Innovation and R&D Innovation is at the core of Wetouch’s story. The company has developed advanced curved and large‑size touchscreens and optical bonding capabilities, enabling high-end applications like premium automotive dashboards, gaming machines, and sophisticated industrial controls. It holds patents, has additional applications pending, and is rolling out second‑generation products that have already attracted recognizable global customers. However, reported R&D spending has been low so far for a technology business, which raises questions about how quickly it can sustain and expand its lead. Management has signaled plans to step up R&D and is building more automated production capacity, including new facilities in China and Vietnam, which could support both innovation and scale if executed well.

Summary

Wetouch appears to be a small but profitable specialist in industrial and commercial touchscreen solutions, with a conservative balance sheet, meaningful cash on hand, and no debt. Financially, it is steady rather than high-growth, generating modest but positive cash flow and gradually building equity. Strategically, the company is trying to leverage its niche in medium to large touchscreens, advanced curved-display technology, and cost-effective production to win long-term contracts with global clients. Planned capacity expansions and deeper R&D investment could turn its technological strengths into faster growth, but they also introduce execution and scaling risks. Overall, this is a story of a small, financially cautious company with a targeted technological edge and growing commercial validation, facing the usual uncertainties of competing against much larger players in a fast-evolving hardware and electronics landscape.

NEWS

November 12, 2025 · 9:30 AM UTC

WeTouch Technology Inc. Reports Third Quarter Fiscal Year 2025 Financial Results - Net Income Up 23.7% Year-over-Year for First Nine Months; Cash Reaches $9.48 Per Share

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October 14, 2025 · 9:30 AM UTC

WeTouch Announces Regaining Compliance with Periodic Reporting Requirements and Nasdaq Listing Rule 5250(c)(1)

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October 9, 2025 · 9:30 AM UTC

WeTouch Technology Inc. Reports First Half Fiscal Year 2025 Financial Results: Net Income Up 45.5% Year-over-Year; Cash Reaches $9.26 Per Share

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October 7, 2025 · 10:30 AM UTC

WeTouch Technology Inc. Reports First Quarter Fiscal Year 2025 Financial Results: Net Income Surges Over Fourfold, Cash Reaches $8.9 Per Share

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September 10, 2025 · 9:30 AM UTC

WeTouch Technology Inc. Reports Fiscal Year 2024 Record Revenue of $42.3 Million

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