Wetouch Technology Inc. WETH

Technology SIC 3577 - Computer Peripheral Equipment, NEC NAICS Manufacturing › Computer and Electronic Product Manufacturing › Computer and Peripheral Equipment Manufacturing › Computer Terminal and Other Computer Peripheral Equipment Manufacturing derived Nasdaq

we are engaged in the research, development, manufacturing, sales and servicing of medium- to large-sized projected capacitive touchscreens.

We specialize in large-format touchscreens, which are developed and designed for a wide variety of markets and used in the financial terminals,

automotive, Point of Sales, gaming, lottery, medical, Human-Machine Interface ("HMI"), and other specialized industries.

medium- to large-sized projected capacitive touchscreens ranging from 7.0 inch to 42-inch screens. In terms of the structures of touch

Last close 0.94 2026-10-23
Market cap $12.6M 2026-06-30 share count
52-week range 0.90 - 3.68

Valuation FY2025 figures against the last close

P/S0.9x
P/E1.6x
P/FCF1.8x
EV/EBITDA1.3x
Dividend yield—
Diluted EPS0.60

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Republic of China (ROC, or Taiwan)
  • South Korea
  • Other
Revenue by geography, 3 categories over 1 years. The same figures are in the table below. FY2025 Republic of China (ROC, or Taiwan), FY2025: 8.1M (57.3%) 57% Republic of China (ROC, or Taiwan) South Korea, FY2025: 6M (42.5%) 42% South Korea Other, FY2025: 34.8K (0.2%)
Region FY2025
Republic of China (ROC, or Taiwan) $8.1M
South Korea $6.0M
Other $34.8K

As the company reported it, from the “Segment Reporting - Schedule of Geographical Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $14.2M$14.9M$12.0M$37.9M$40.7M$31.3M$40.0M—
Cost of revenue $30.8M$28.7M$22.5M$23.9M$22.4M$15.7M$20.3M—
Gross profit $14.4M$13.6M$17.2M$14.1M$18.4M$15.6M$19.7M—
R&D ——$84.6K$85.3K$89.5K$78.0K$136.4K—
SG&A $3.8M$3.5M$3.8M$1.3M$1.9M$2.3M$2.3M—
Total operating expenses $4.4M$4.3M$4.5M$2.6M$5.8M$3.7M$2.7M—
Operating income $10.0M$9.3M$12.7M$11.4M$12.6M$11.9M$17.0M—
Interest expense —$1.2M$252.3K$224.9K$27.4K$1.7M$16.9K—
Pre-tax income $10.2M$8.7M$12.3M$12.1M$21.8M$10.5M$16.4M—
Income tax $3.0M$2.7M$4.1M$3.4M$4.4M$1.5M$2.7M—
Net income $7.2M$6.0M$8.3M$8.7M$17.4M$8.9M$13.7M—
EPS, basic 0.600.520.895.380.550.310.49—
EPS, diluted 0.600.520.894.730.550.310.49—
Shares, diluted (wtd. avg.) 11.9M11.7M9.4M1.8M32.7M29.0M28.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $118.4M$103.8M$98.0M$51.3M$46.2M$24.0M$14.3M—
Receivables $6.5M$7.5M$7.5M$9.1M$8.0M$11.9M$16.0M—
Inventory $45.2K$112.3K$222.1K$423.3K$244.4K$402.1K$203.8K—
Total current assets $126.1M$114.1M$106.8M$62.2M$56.8M$36.6M$30.9M—
Property, plant and equipment $8.9M$12.8M$12.9M$10.9M$11.8M$9.5M$9.9M—
Other intangibles —————$974.7K$989.1K—
Total assets $140.6M$128.0M$119.6M$73.1M$68.7M$47.1M$41.7M—
Accounts payable $1.1M$1.3M$640.8K$1.4M$800.6K$891.8K$795.5K—
Total current liabilities $3.2M$3.0M$6.3M$4.0M$3.2M$2.3M$9.4M—
Total liabilities $3.2M$3.4M$6.7M$4.3M$4.4M$2.7M$10.1M—
Retained earnings $81.8M$74.6M$69.5M$62.4M$54.6M$39.2M$31.4M—
Total equity $137.4M$124.6M$112.9M$68.8M$64.3M$44.4M$31.7M$18.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $7.4M$1.1M$12.7M$8.6M$14.1M$13.0M$10.2M—
Depreciation and amortisation $5.7K$9.8K$9.4K$9.9K$5.1K$980.0K$979.3K—
Stock-based compensation ————$3.1M$1.1M——
Capital expenditure $322.3K$271.8K$2.3M—$11.7M—$5.0K—
Investing cash flow -$322.3K-$271.8K-$2.3M—$6.2M—-$5.0K—
Financing cash flow —$7.6M$39.9M-$652.6K$1.9M-$4.7M-$13.5M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-043017.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20M 40M 60M Revenue, FY2019: 40M Gross profit, FY2019: 19.7M Net income, FY2019: 13.7M Revenue, FY2020: 31.3M Gross profit, FY2020: 15.6M Net income, FY2020: 8.9M Revenue, FY2021: 40.7M Gross profit, FY2021: 18.4M Net income, FY2021: 17.4M Revenue, FY2022: 37.9M Gross profit, FY2022: 14.1M Net income, FY2022: 8.7M Revenue, FY2023: 12M Gross profit, FY2023: 17.2M Net income, FY2023: 8.3M Revenue, FY2024: 14.9M Gross profit, FY2024: 13.6M Net income, FY2024: 6M Revenue, FY2025: 14.2M Gross profit, FY2025: 14.4M Net income, FY2025: 7.2M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $40.0M $31.3M $40.7M $37.9M $12.0M $14.9M $14.2M
Gross profit — $19.7M $15.6M $18.4M $14.1M $17.2M $13.6M $14.4M
Net income — $13.7M $8.9M $17.4M $8.7M $8.3M $6.0M $7.2M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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