KBSX

This article first appeared on GuruFocus. Revenue: $48 million in 2025, a 31% increase from $36.5 million in 2024. Gross Profit Margin: Stable at 43% in 2025, with a gross profit of $20.6 million. Net Loss: $1.5 million or $0.03 per share in 2025, improved from a net loss of $3.2 million or $0.09 per share in 2024. Incremental Revenue: $11.5 million increase in 2025, driven by sales of premium KBS graphite shafts. Cash and Cash Equivalents: $7.2 million as of December 31, 2025, compared to $5.1 million in 2024. Total Assets: $61 million in 2025, up from $58.5 million in 2024. Total Liabilities: $45.4 million in 2025, compared to $35.5 million in 2024. Geographic Expansion: New markets include Japan, Europe, and Korea. Operational Efficiencies: 5,400 sq ft expansion in Garden Grove, California, and adoption of Shopify Plus program. Warning! GuruFocus has detected 3 Warning Signs with KBSX. Is KBSX fairly valued? Test your thesis with our free DCF calculator. Release Date: April 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. FST Corp (NASDAQ:KBSX) achieved a 31% year-over-year revenue growth, reaching $48 million in 2025. The company significantly narrowed its net loss from $3.2 million in 2024 to $1.5 million in 2025. FST Corp expanded its geographic market presence, successfully entering Japan, Europe, and Korea. The company implemented operational efficiencies, including expanding storage space and adopting the Shopify Plus program, which improved inventory tracking and reduced costs. FST Corp's graphite shaft sales saw a significant increase, contributing to more than half of the company's $11.5 million incremental revenue in 2025. FST Corp still reported a net loss of $1.5 million for 2025, despite improvements. The company faces elevated fuel and shipping costs, which could impact future financial results. FST Corp's debt profile includes $18 million in short-term debt, which they plan to convert to long-term debt. Gross profit margin remained stable at 43%, indicating no improvement from the previous year. The company has not provided specific numerical guidance for Q1 2026 revenue, creating uncertainty for investors. Q: Are you seeing any negative effects from elevated fuel costs on shipping or manufacturing? A: Sebastian Tadla, CFO: While shipping costs have increased recently, they haven'...

Boulder, Colorado--(Newsfile Corp. - April 21, 2026) - FST Corp. (NASDAQ: KBSX), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today announced its audited financial results for the fiscal year ended December 31, 2025. Revenue was $47,969,791, a 31 percent increase from revenue of $36,499,644 for the year ended December 31, 2024. This improvement was primarily due to increased sales of the Company's steel shafts to OEM partners and the growth of its KBS graphite shafts. These shafts accounted for more than half of the Company's incremental revenue in 2025. During that year, 97.2 percent of FST's revenue came from sales of golf shafts, 2.2 percent from sales of sports accessories, food and beverage, and 0.6 percent from software service, compared with 96.8, 2.6, and 0.6 percent, respectively, in 2024. Gross profit margin for 2025 remained stable at 43.0 percent, with a gross profit of $20,633,374, compared with 43.1 percent, with a gross profit of $15,713,389, for 2024. The Company had a net loss of $1,503,919, or $(.03) per share, for 2025, compared with a net loss of $3,235,175, or $(.09) per share, for 2024. This improvement in bottom-line performance was mainly the result of the Company's $11.5 million rise in revenue, offset in part by a $3.6 million, or 18.6 percent, increase in total costs and operating expenses during 2025. This $3.6 million increase comprised rises of $1.75 million in selling expenses resulting from increased marketing efforts to enhance brand visibility and market penetration, including hosting the inaugural KBS Open Golf Tournament and other promotional events; $1.66 million in general and administrative expenses, primarily due to additional listing-related expenses following the Company's January 2025 business merger; and $195,000 in R&D expenses, primarily attributable to a payroll increase for R&D personnel. Other factors contributing to an improved bottom line performance in 2025 were a $909,000 unrealized gain on change in fair value of OET derivative liability and a $599,000 gain on change in fair value of warrants versus no such gains in 2024, as well as a $730,000 income tax benefit compared with a $456,000 income tax expense during the previous year. These improvements, however, were largely offset by a $852,000 foreign exchange loss, compared with a $19...

Boulder, Colorado--(Newsfile Corp. - April 15, 2026) - FST Corp. (NASDAQ: KBSX), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today announced that it will report its audited financial results for the full year 2025 on Wednesday, April 22, 2026, before market opening in the United States. The Company's management will host both an earnings conference call and live webcast on these results at 8:00 AM U.S. Eastern Time on the above date. Participants who wish to join the conference call are invited to call one of the allocated dial-in numbers below and advise the Operator on the conference Name, "FST Corp. Fiscal Year 2025 Earnings Conference Call." Those participants who wish to view the live webcast may register at https://www.gowebcasting.com/14691. An audio recording of the Event will be available via the Echo Replay platform. To access the platform by phone, please dial-in using one of the numbers listed above and input Playback ID: 6261208, followed by the # key. This replay will expire on Friday, May 22nd, 2026, at 11:59 PM EDT. Additionally, the audio recording and transcript of the Event will be available on the Company's investor relations website at https://fstcorp.com/. About FST Corp. Founded in 1989, FST Corp. manufactures and sells golf club shafts, along with other golf-related items, to golf equipment brands, OEMs, distributors, and consumers via the company's KBS Golf Experience retail outlets. FST's equipment, marketed under the KBS brand, is utilized by golfers at all levels, including many professional players participating in the PGA and other major golf associations. The company's product portfolio, retail presence, and golf-related services are part of a vertically integrated business model that has established the KBS brand on a global scale and created significant competitive advantages over peer brands. The company's growth strategies currently position it for expansion into under-tapped golf shaft markets. Forward-Looking Statements This press release contains forward-looking statements regarding future expectations, plans, and prospects, as well as statements that are not historical facts. These statements involve known and unknown risks, uncertainties, and assumptions based on the Company's current expectations about events that may impact its financial conditi...

Boulder, Colorado--(Newsfile Corp. - February 12, 2026) - FST Corp. (NASDAQ: KBSX), 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 both the fourth quarter and year-end periods ended December 31, 2025. For the fourth quarter ended December 31, 2025, the Company had revenue of $13,220,371, a 30 percent increase from $10,142,024 in the fourth quarter of 2024. This increase is primarily due to additional sales in the Company's OEM business across both the steel and graphite lines. Gross profit margin for the fourth quarter of 2025 was 41.6 percent, compared with 46.0 percent in the same period in 2024. This decrease was attributable to higher landed costs and a seasonal shift in the Company's product mix to include more moderate margin items. The Company had a net loss of $620,552, or $(.01) per share, for the fourth quarter of 2025, compared with a net loss of $1,554,901, or $(.04) per share, for the corresponding period a year earlier. This improvement in bottom-line performance was mainly the result of the Company's aforementioned improvement in revenue and increases of approximately $831,000 in gross profit and $1,024,000 in foreign exchange (loss) gain. FST's loss from operations for Q4 2025 was $922,233, compared with a loss from operations of $1,680,768 in the last three months of 2024. For the year ended December 31, 2025, FST had revenue of $47,968,742, a 31 percent increase from $36,499,644 for the year ended December 31, 2024. This increase is primarily due to increased market share in the steel shaft business with OEM partners and the growth of KBS graphite. Gross profit margin for 2025 remained stable at 43.0 percent, compared with 43.1 percent for 2024. The Company had a net loss of $7,163,554, or $(.16) per share, for 2025, compared with a net loss of $3,235,175, or $(.09) per share, for 2024. This decline in bottom line performance was mainly the result of higher than anticipated landed costs, loss on foreign exchange, and listing related expenses. However, after excluding $2,442,410 in listing-related general and administrative expenses, $852,183 in foreign exchange loss, and $1,884,824 in unrealized loss on change in fair value of OET derivative liability, the Company would have shown a net loss of $1,984,137 for 2025. As of...