Wetouch Technology Inc.WETHEarnings & Financial Report
Wetouch Technology Inc. is a global provider of advanced touch panel solutions, specializing in capacitive touchscreens, custom touch modules and interactive display components. It serves core markets including consumer electronics, automotive, industrial control, and smart home sectors, supplying tailored hardware products to leading global brand partners.
Revenue
$2.4M
Gross Profit
$121.0K
Operating Profit
$-2.0M
Net Profit
$-2.1M
Gross Margin
5.1%
Operating Margin
-85.5%
Net Margin
-86.8%
YoY Growth
-7.0%
EPS
$-0.23
Wetouch Technology Inc. Q4 FY2023 Financial Summary
Wetouch Technology Inc. reported revenue of $2.4M (down 7.0% YoY) for Q4 FY2023, with a net profit of $-2.1M (down 3840.8% YoY) (-86.8% margin). Cost of goods sold was $2.3M, operating expenses totaled $2.2M.
Key Financial Metrics
| Total Revenue | $2.4M |
|---|---|
| Net Profit | $-2.1M |
| Gross Margin | 5.1% |
| Operating Margin | -85.5% |
| Report Period | Q4 FY2023 |
Wetouch Technology Inc. Annual Revenue by Year
Wetouch Technology Inc. annual revenue history includes year-by-year totals (for example, 2023 revenue was $39.7M).
| Year | Annual Revenue |
|---|---|
| 2023 | $39.7M |
| 2022 | $37.9M |
Wetouch Technology Inc. Quarterly Revenue & Net Profit History
Wetouch Technology Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $3.8M | -7.3% | $2.5M | 66.4% |
| Q2 FY2025 | $4.0M | -8.3% | $2.2M | 56.0% |
| Q1 FY2025 | $5.0M | -9.3% | $2.6M | 51.4% |
| Q3 FY2024 | $4.1M | -63.1% | $2.7M | 64.8% |
| Q2 FY2024 | $4.4M | -65.8% | $2.7M | 61.9% |
| Q1 FY2024 | $5.5M | -59.0% | $558.9K | 10.2% |
| Q4 FY2023 | $2.4M | -7.0% | $-2.1M | -86.8% |
| Q3 FY2023 | $11.1M | -4.3% | $2.9M | 25.7% |
Income Statement
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.1M | $2.4M | $5.5M | $4.4M | $4.1M | $5.0M | $4.0M | $3.8M |
| YoY Growth | -4.3% | -7.0% | -59.0% | -65.8% | -63.1% | -9.3% | -8.3% | -7.3% |
Balance Sheet
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $119.4M | $119.6M | $123.1M | $125.9M | $133.1M | $133.7M | $137.0M | $139.9M |
| Liabilities | $7.7M | $6.7M | $2.6M | $3.4M | $3.7M | $5.8M | $5.2M | $4.7M |
| Equity | $111.7M | $112.9M | $120.5M | $122.5M | $129.5M | $127.9M | $131.8M | $135.2M |
Cash Flow
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $2.2M | $3.7M | $-9.2M | $3.9M | $4.6M | $2.0M | $2.6M | $3.8M |