Earnings ·
WORK Medical Technology Group LTD filed its unaudited financial statements for the six months ended March 31, 2026
WOKWORK Medical Technology Group Ltd
WORK Medical Technology Group LTD filed its unaudited financial statements for the six months ended March 31, 2026. The company reported a net loss of $3,461,214, compared to a net loss of $29,425 in the prior year period. Net revenue increased 19.1% to $5.4 million, driven by an 18.1% rise in medical device sales and a 38.0% increase in mask sales. Gross profit declined 33.7% to $1,036,195 as gross margins contracted from 34.4% to 19.1%, primarily due to lower prices under China's volume-based procurement policy. The company completed a public offering raising approximately $17.1 million and acquired the remaining non-controlling interest in Shanghai Saitumofei for $3.22 million. Cash and cash equivalents stood at $3.25 million as of March 31, 2026. WORK Medical Technology Group LTD manufactures and sells medical consumables, including masks and anesthesia devices, through its subsidiaries in China.