Articles from FST Corp.

BOULDER, CO., Aug. 21, 2025 (GLOBE NEWSWIRE) -- 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, for the first six months of 2025 ended June 30, the Company had revenue of $22,193,432, a 24 percent increase compared with revenue of $17,829,745 for the corresponding period in 2024. This increase is primarily the result of additional sales of both steel and graphite golf shafts to the OEM sector. Gross profit margin for the first half of 2025 improved to 46.0 percent, compared with 43.4 percent in the prior-year period. This increase was attributable to additional sales of higher-margin products, as well as an increase in operational efficiency.The Company had a net loss of $5,827,047, or $(0.13) per share, for the first half of 2025, compared with a net income of $77,617, or $ 0.01 per share, for the same period a year earlier. This decline in bottom-line performance was primarily due to a $3,357,809, or 40 percent, increase in total operating expenses compared to the first half of 2024. This increase in expenses was primarily attributable to higher personnel costs and added marketing spending to support new product launches, as well as approximately $1.75 million in one-time listing-related expenses.  Bottom line results for the first half of 2025 were also impacted by an OTE derivative loss of $1,884,824, compared to no such charge for the year-ago six-month period, as well as by a foreign exchange loss for the first half of 2025 of $2,215,653 compared with a foreign exchange gain of $967,140 for the first half of 2024.FST’s loss from operations for the first half of 2025 was $1,529,247, compared with a loss from operations of $644,225 in the first half of the prior year. After adjusting for one-time listing expenses, however, the Company would show operating income in the first half of 2025 of approximately $220,000, an improvement of about $870,000 over the prior-year period.As of June 30, 2025, and December 31, 2024, FST had cash and cash equivalents of $6,802,368 and $5,098,420, total current assets of $29,327,334 and $26,655,003, and total current liabilities of $34,151,914 and $22,113,495, respectively.

BOULDER, CO, Aug. 15, 2025 (GLOBE NEWSWIRE) -- 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 David Chuang, Chief Executive Officer, will present and host one-on-one meetings with investors at the Sidoti August Virtual Investor Conference, taking place on August 20-21, 2025. Joining him will be Sebastian Tadla, Chief Financial Officer, and Kathee Lin, Head of Investor Relations.

BOULDER, CO, July 31, 2025 (GLOBE NEWSWIRE) -- 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 it has initiated the rollout of Shopify Plus, a scalable SaaS (Software as a Service) e-commerce platform that helps large businesses automate operations, streamline workflows, and expand into new markets.

BOULDER, CO, July 09, 2025 (GLOBE NEWSWIRE) -- 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 it has approved plans to expand its fulfillment facility located in Garden Grove, California, adding an additional 5,424 square feet, or 155 percent, to its usable storage space.

BOULDER, CO, May 16, 2025 (GLOBE NEWSWIRE) -- 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, for the fiscal year ended December 31, 2024, the Company had revenue of $36,499,644, a 27 percent increase compared with revenue of $28,730,549 for the fiscal year ended December 31, 2023.

BOULDER, CO, May 08, 2025 (GLOBE NEWSWIRE) -- FST Corp. (Nasdaq: KBSX), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today reported a positive correlation between professional golf tour wins by golfers using the company’s golf shafts, and ensuing company revenue.

BOULDER, CO, May 06, 2025 (GLOBE NEWSWIRE) -- 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, on April 29, 2025, its board of directors made the following appointments to key managerial positions in the Company.

Boulder, CO, March 24, 2025 (GLOBE NEWSWIRE) -- 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 the launch of a graphite shaft engineered to produce greater distance and enhanced accuracy in fairway woods, the type of golf club typically selected by golfers making longer shots.  

Taipei, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Femco Steel Technology Co., Ltd. (“FST” or the “Company”), an innovative golf shaft manufacturer, and Chenghe Acquisition I Co. (“Chenghe”), a special purpose acquisition company, today announced the completion of their previously announced business combination (the “Business Combination”). Ordinary shares of the newly formed holding company, FST Corp. (“PubCo”), are expected to commence trading on the Nasdaq Global Market under the ticker symbol “KBSX” on January 16, 2025. The Business Combination was approved at an extraordinary general meeting of Chenghe’s shareholders on December 23, 2024. Upon the closing of the Business Combination, trading of Chenghe’s ordinary shares and units ceased.