Wetouch Technology Inc. WETH
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
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| 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 | 0.60 | 0.52 | 0.89 | 5.38 | 0.55 | 0.31 | 0.49 | — |
| EPS, diluted | 0.60 | 0.52 | 0.89 | 4.73 | 0.55 | 0.31 | 0.49 | — |
| Shares, diluted (wtd. avg.) | $11.9M | $11.7M | $9.4M | $1.8M | $32.7M | $29.0M | $28.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| 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.
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