Business
WeTouch Technology Inc. Reports First Quarter Fiscal Year 2026 Revenue of $16.3 Million and Net Income of $3.9 Million, Representing a 50.0% Year-over-Year Increase in Net Income
Basic and Diluted Earnings Per Share Reached $0.32, Increasing 52.4% Year-over-Year CHENGDU, CN / ACCESS Newswire / May 18, 2026 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a company focused on the research, development, ...
About this update from Wetouch Technology Inc.
[{"type":"text","content":"Basic and Diluted Earnings Per Share Reached $0.32, Increasing 52.4% Year-over-Year","length":83,"tagName":"p"},{"type":"text","content":"CHENGDU, CN / ACCESS Newswire / May 18, 2026 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a company focused on the research, development, manufacturing, sales and servicing of medium- to large-sized projected capacitive touchscreens and related touch display products, today announced its unaudited financial results for the first quarter ended March 31, 2026.","length":405,"tagName":"p"},{"type":"text","content":"First Quarter Fiscal Year 2026 Highlights","length":41,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue: $16.3 million, up 6.5% from $15.3 million in Q1 2025. Growth driven by higher average selling prices, slight increase in unit volume, and favorable RMB/USD exchange rate effects.","length":187,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross Profit: $5.8 million, compared with $5.6 million in Q1 2025. Gross margin was 35.7%, slightly down from 36.9% in the same period last year, primarily due to higher labor and material costs.","length":195,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Income: $3.9 million, an increase of 50% from $2.6 million in Q1 2025.","length":74,"tagName":"p"}]},{"val":[{"type":"text","content":"Earnings Per Share: Basic and diluted earnings per share were $0.32, compared with $0.21 in Q1 2025, representing an increase of 52.4% year-over-year.","length":150,"tagName":"p"}]},{"val":[{"type":"text","content":"Units Shipped: 763,325 units, essentially flat compared to 762,545 units in Q1 2025.","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash and Cash Equivalents: $120.5 million, up from $118.4 million as of December 31, 2025.","length":90,"tagName":"p"}]},{"val":[{"type":"text","content":"Shareholders' Equity: $143.2 million, up from $137.4 million as of December 31, 2025.","length":89,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":869,"olType":false},{"type":"text","content":"Management Commentary","length":21,"tagName":"p"},{"type":"text","content":""We achieved solid revenue growth and a significant increase in net income in the first quarter of 2026," said Zongyi Lian, Chief Executive Officer of WeTouch Technology Inc...