FST Financials
FST (KBSX) reported $48.0M in revenue for fiscal year 2025, up 31.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Sales growth is improving cost absorption, but cash flexibility is still constrained by a tighter balance sheet.
The near-breakeven free cash flow in FY2025 came with operating cash flow still negative at-$1.0M , so most of the improvement reflects capex falling to$603K rather than the core business fully funding itself. At the same time, debt-to-equity rose to 1.9x and the current ratio slipped to 0.9x, meaning lower cash burn did not translate into a looser financing position.
With gross margin essentially flat at
Inventory fell to
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of FST's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FST scores 1.23, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
FST passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
FST reported a net loss of $1.5M while operations used $1.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
FST reported an operating loss of $2.3M against $658K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
FST generated $48.0M in revenue in fiscal year 2025. This represents an increase of 31.4% from the prior year.
FST's EBITDA was -$128K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 92.6% from the prior year.
FST reported -$1.5M in net income in fiscal year 2025. This represents an increase of 53.6% from the prior year.
FST earned -$0.03 per diluted share (EPS) in fiscal year 2025. This represents an increase of 66.7% from the prior year.
Cash & Balance Sheet
FST recorded an outflow of $1.6M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 72.0% from the prior year.
FST held $7.2M in cash against $29.2M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
FST's gross margin was 43.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. That is unchanged from the prior year.
FST's operating margin was -4.9% in fiscal year 2025, reflecting core business profitability. This is up 5.1 percentage points from the prior year.
FST's net profit margin was -3.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.7 percentage points from the prior year.
FST's ROE was -9.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.5 percentage points from the prior year.
Capital Allocation
FST invested $1.5M in research and development in fiscal year 2025. This represents an increase of 15.0% from the prior year.
FST invested $603K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 85.4% from the prior year.
Not reported for fiscal year 2025.
KBSX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue | $48.0M+31.4% | $36.5M+27.0% | $28.7M |
| Cost of Revenue | $27.3M+31.5% | $20.8M+36.0% | $15.3M |
| Gross Profit | $20.6M+31.3% | $15.7M+16.9% | $13.4M |
| R&D Expenses | $1.5M+15.0% | $1.3M-15.2% | $1.5M |
| SG&A Expenses | $12.3M+16.7% | $10.5M+14.6% | $9.2M |
| Operating Income | -$2.3M+36.0% | -$3.6M-16.8% | -$3.1M |
| Interest Expense | $658K+29.6% | $507K+71.6% | $296K |
| Income Tax | -$730K-260.0% | $456K+160.7% | -$751K |
| Net Income | -$1.5M+53.6% | -$3.2M-49.3% | -$2.2M |
| EPS (Diluted) | -$0.03+66.7% | -$0.09-80.0% | -$0.05 |
KBSX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Assets | $60.9M+4.2% | $58.5M-7.7% | $63.4M |
| Current Assets | $27.5M+3.1% | $26.7M-12.6% | $30.5M |
| Cash & Equivalents | $7.2M+40.8% | $5.1M-42.7% | $8.9M |
| Inventory | $11.8M-18.7% | $14.5M-4.4% | $15.2M |
| Total Liabilities | $45.4M+27.9% | $35.5M-1.2% | $35.9M |
| Current Liabilities | $30.4M+37.6% | $22.1M+3.5% | $21.4M |
| Long-Term Debt | $29.2M+18.0% | $24.7M | N/A |
| Total Equity | $15.4M-32.4% | $22.8M-16.9% | $27.5M |
| Retained Earnings | $1.6M-48.7% | $3.1M-51.6% | $6.3M |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.
KBSX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Operating Cash Flow | -$1.0M+36.6% | -$1.6M+85.9% | -$11.2M |
| Capital Expenditures | $603K-85.4% | $4.1M-64.3% | $11.6M |
| Free Cash Flow | -$1.6M+72.0% | -$5.7M+74.9% | -$22.8M |
| Investing Cash Flow | -$799K+82.1% | -$4.5M+61.6% | -$11.6M |
| Financing Cash Flow | $3.3M-10.7% | $3.7M-67.2% | $11.3M |
| Dividends Paid | N/A | N/A | $2.7M |
Not reported in any period shown, so not listed: Share Buybacks.
KBSX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Gross Margin | 43.0%0.0pp | 43.0%-3.7pp | 46.8% |
| Operating Margin | -4.9%+5.1pp | -10.0%+0.9pp | -10.9% |
| Net Margin | -3.1%+5.7pp | -8.9%-1.3pp | -7.5% |
| Return on Equity | -9.7%+4.5pp | -14.2%-6.3pp | -7.9% |
| Return on Assets | -2.5%+3.1pp | -5.5%-2.1pp | -3.4% |
| Current Ratio | 0.90-0.3x | 1.21-0.2x | 1.43 |
| Debt-to-Equity | 1.89+0.8x | 1.08-0.2x | 1.31 |
| FCF Margin | -3.3%+12.3pp | -15.7%+63.7pp | -79.3% |
Note: The current ratio is below 1.0 (0.90), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Where FST Ranks
Frequently Asked Questions
What is FST's annual revenue?
FST (KBSX) reported $48.0M in total revenue for fiscal year 2025. This represents a 31.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is FST's revenue growing?
FST (KBSX) revenue grew by 31.4% year-over-year, from $36.5M to $48.0M in fiscal year 2025.
Is FST profitable?
No, FST (KBSX) reported a net income of -$1.5M in fiscal year 2025, with a net profit margin of -3.1%.
What is FST's EBITDA?
FST (KBSX) had EBITDA of -$128K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does FST have?
As of fiscal year 2025, FST (KBSX) had $7.2M in cash and equivalents against $29.2M in long-term debt.
What is FST's gross margin?
FST (KBSX) had a gross margin of 43.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is FST's operating margin?
FST (KBSX) had an operating margin of -4.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is FST's net profit margin?
FST (KBSX) had a net profit margin of -3.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is FST's return on equity (ROE)?
FST (KBSX) has a return on equity of -9.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is FST's free cash flow?
FST (KBSX) recorded an outflow of $1.6M in free cash flow during fiscal year 2025. This represents a 72.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is FST's operating cash flow?
FST (KBSX) recorded an outflow of $1.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are FST's total assets?
FST (KBSX) had $60.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are FST's capital expenditures?
FST (KBSX) invested $603K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does FST spend on research and development?
FST (KBSX) invested $1.5M in research and development during fiscal year 2025.
What is FST's current ratio?
FST (KBSX) had a current ratio of 0.90 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is FST's debt-to-equity ratio?
FST (KBSX) had a debt-to-equity ratio of 1.89 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is FST's return on assets (ROA)?
FST (KBSX) had a return on assets of -2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is FST's cash runway?
Based on fiscal year 2025 data, FST (KBSX) had $7.2M in cash against an annual operating cash burn of $1.0M. This gives an estimated cash runway of approximately 86 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is FST's Altman Z-Score?
FST (KBSX) has an Altman Z-Score of 1.23, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is FST's Piotroski F-Score?
FST (KBSX) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are FST's earnings high quality?
FST (KBSX) reported a net loss of $1.5M while operations used $1.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can FST cover its interest payments?
FST (KBSX) reported an operating loss of $2.3M against $658K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is FST?
FST (KBSX) scores 61 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.