WeTouch Technology expects fiscal 2026 revenue to grow approximately 40%

  • WeTouch Technology Inc. issued fiscal 2026 revenue and profitability guidance.
  • Revenue is expected to reach approximately $65 million, up about 40% year over year.
  • WeTouch reported first-half revenue of $30.3 million and net income of $6.0 million.

WeTouch Technology Inc. issued fiscal 2026 guidance calling for revenue of approximately $65 million, up about 40% from fiscal 2025, and net income of approximately $11.7 million, an increase of about 60%, with an expected net margin of approximately 18%. The Nasdaq-listed touch display provider reported first-half revenue of $30.3 million, up 9.4% year over year, and net income of $6.0 million, up 25.5%. The outlook assumes stronger second-half revenue, supported by anticipated customer orders and deliveries, demand across automotive, medical, industrial control, point-of-sale, gaming and other specialized touchscreen markets, overseas expansion and developing robotics-related opportunities. WeTouch also plans to accelerate its expansion across the robotics value chain using its touch display, human-machine interface, integrated module and intelligent hardware capabilities. Separately, the company has completed required approvals for a proposed issuance of 31,037,830 common shares at $1.25 each, targeting gross proceeds of approximately $38.8 million, although the transaction has not yet closed. Upon closing, the shares would be issued to entities controlled by founder Guangde Cai, potentially giving him beneficial ownership of approximately 70.19% of outstanding common stock. WeTouch intends to use the proceeds to develop or acquire complete touchscreen systems, while pursuing disciplined capital allocation and greater investor communication.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.