{"id":986015,"date":"2026-07-28T16:41:50","date_gmt":"2026-07-28T20:41:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fst-corp-reports-second-quarter-2026-financial-results\/"},"modified":"2026-07-28T16:41:50","modified_gmt":"2026-07-28T20:41:50","slug":"fst-corp-reports-second-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fst-corp-reports-second-quarter-2026-financial-results\/","title":{"rendered":"FST Corp. Reports Second Quarter 2026 Financial Results"},"content":{"rendered":"
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\n 10 Percent Revenue Increase Year-over-Year;<\/em>
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\n Operating Income and Bottom-Line Improvements Year-over-Year;<\/em>
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\n Board Approves Share Repurchase Program of up to $3 million.<\/em>
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BOULDER, Colo., July 28, 2026 (GLOBE NEWSWIRE) — FST Corp. (Nasdaq: KBSX) (\u201cFST\u201d or the \u201cCompany\u201d),<\/strong> a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today announced its unaudited financial results for the second quarter ended June 30, 2026.<\/p>\n

Revenue for second quarter was $12,552,012, a 9.7 percent increase from revenue of $11,437,270 for the second quarter of 2025. This increase was mainly the result of additional aftermarket sales in both the Company\u2019s steel and graphite lines.<\/p>\n

Net loss for the second quarter was $1,046,379, or ($0.02) per share, compared to a net loss of $3,029,029, or $(0.07) per share, in the same period of 2025. This improvement was primarily the result of a $752,673 improvement in gross profit driven by increased revenue and a change in product mix, a decline in total costs and operating expenses of $196,714, and a $2,394,387 improvement in foreign exchange loss.<\/p>\n

These improvements were offset in part by an unrealized loss on change in fair value of warrant liability of $721,171 compared to no such charge in the second quarter of last year, an income tax expense of $282,578 compared to an income tax benefit of $128,747 in the year ago period, and by a decrease in other income of $224,370 compared to Q2 2025.<\/p>\n

Operating income in Q2 2026 was $259,899, an improvement of $949,387 compared to an operating loss of $689,488 in the second quarter of 2025.<\/p>\n

For the first six months of 2026, the Company was profitable, reporting net income of $831,189, or $0.02 per share, a $6,658,236 improvement from a net loss of $5,827,047, or $(0.13) per share, in the first half of 2025.<\/p>\n

The weighted average number of shares outstanding for the second quarter of 2026 and 2025 was 44,766,003.<\/p>\n

As of June 30, 2026, and December 31, 2025, the Company had cash and cash equivalents of $8,221,962 and $7,179,800, total assets of $62,890,586 and $60,921,557, total liabilities of $46,940,722 and $45,370,369, and total shareholders\u2019 equity of $15,949,864 and $15,551,188, respectively.<\/p>\n

For the first six months of 2026, net cash provided by operating activities was $1,148,290 compared with net cash used in operating activities of $4,315,501 for the first six months of 2025. For the first six months of 2026 and 2025, net cash used in investing activities was $1,053,088 and $241,198, and net cash provided by financing activities was $1,739,975 and $3,435,609, respectively.<\/p>\n

Management believes that its current liquidity, together with cash flows from operations and available credit facilities, will be sufficient to fund operating requirements for the next 12 months.<\/p>\n

\u201cWe\u2019re pleased to report that our strong start to the year has continued throughout the second quarter, during which we\u2019ve grown aftermarket revenue in both our steel and graphite lines and improved gross margins while reducing our operating expenses,\u201d said FST Chairman and Chief Executive Officer David Chuang. \u201cIn addition, the flexibility utilized in our capital structure has enabled us to lay the foundation for providing greater long-term value for our shareholders.\u201d<\/p>\n

\u201cLooking forward, we anticipate continued revenue growth through the end of the year via expanding sales in both domestic and export markets.\u201d Mr. Chuang said these strategic initiatives include:<\/p>\n