FST Corp. Reports 36 Percent Revenue Increase, $1.9 Million Net Income in Q1 2026
Rhea-AI Summary
FST Corp (Nasdaq: KBSX) reported Q1 2026 revenue of $14,646,354, up 36.2% from Q1 2025, and net income of $1,877,568 (EPS $0.04) versus a net loss in prior year. Gross margin rose to 51.6% from 46.1%, driven by higher OEM and graphite-shaft sales and lower per-unit costs.
Cash and equivalents were $7.37M at March 31, 2026, total shareholders' equity was $17.03M, and management expects current liquidity and credit to fund operations for 12 months.
Positive
- Revenue +36.2% to $14.65M in Q1 2026
- Net income $1.88M versus a prior-year loss
- Gross margin improved to 51.6% from 46.1%
- OEM sales increased ~70% year-over-year
- KBS Graphite Shaft sales rose ~64%
- Cash and equivalents of $7.37M at quarter end
Negative
- Absence of prior-year $1.88M unrealized gain reduced comparability
- Income tax expense increased by $301,407 versus Q1 2025
- Total liabilities remained high at $45.31M
News Market Reaction – KBSX
In the May 6 session, KBSX gained 1.56%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 21 | Full-year results | Positive | +18.0% | Reported FY 2025 revenue growth and margin gains with narrowed net loss. |
| Apr 15 | Earnings date set | Neutral | -0.0% | Announced date and webcast details for upcoming FY 2025 earnings call. |
| Mar 11 | Conference attendance | Positive | +1.1% | Participation in ROTH conference with promotional KBS Golf fitting event. |
| Feb 12 | Q4/FY 2025 earnings | Negative | -2.0% | Unaudited Q4/FY results showed strong growth but a full-year net loss. |
| Jan 28 | Investor conference | Neutral | -4.0% | Announcement of presentation at Noble Capital emerging growth conference. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news with improving fundamentals or growth (FY 2025 results, conference participation) has generally seen price moves align with the news tone, though neutral event headlines can still coincide with noticeable downside.
Over the last few months, FST Corp. has highlighted steady growth and expanding visibility. FY 2025 results on Apr 21 showed a 31% revenue increase and margin improvement, drawing a strong positive reaction. Earlier unaudited Q4/FY 2025 results in February emphasized revenue growth but ongoing losses. Multiple conference and investor events in early 2026 focused on marketing the KBS brand and engaging investors, setting the stage for today’s Q1 2026 return to profitability.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Boulder, Colorado--(Newsfile Corp. - May 6, 2026) - 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 its unaudited financial results for the three months ended March 31, 2026.
Revenue for the first quarter of 2026 was
Net income for the first quarter was
These improvements were offset in part by the absence of unrealized loss on change in fair value of OET derivative liability compared to a charge of
Total costs and operating expenses declined 7.2 percent to
Operating income was
As of March 31, 2026, and December 31, 2025, the Company had cash and cash equivalents of
Management believes that its current liquidity, together with cash flows from operations and available credit facilities, will be sufficient to fund operating requirements for the next 12 months.
"We are very pleased to report a strong start to 2026, with robust revenue growth, significant gross margin improvement, and a decisive return to profitability," said FST Chairman and Chief Executive Officer David Chuang.
"Revenue growth across both our OEM and KBS Graphite Shaft businesses was substantial, the latter of which reflects the continued strength and recognition of the KBS brand at both the professional and consumer levels. We're also proud of the results of our disciplined expense management initiatives, which enabled us to more efficiently control the cost of sales and significantly boost our gross margin."
During Q2, added Mr. Chuang, FST remains focused on executing several key initiatives, including:
- Expansion of sales in both domestic and export markets, including Europe and Asia;
- Pursuing additional OEM business with strategic business partners;
- Continued growth of KBS Graphite Shafts;
- Implementation of additional cost control measures to further improve margins; and
- Increased marketing of the Company's KBS Open and other events designed to promote the KBS brand.
"We are excited about the opportunities ahead and look forward to continuing the momentum and progress achieved thus far in 2026."
About FST Corp.
Founded in 1989, FST Corp. manufactures and sells golf club shafts, along with other golf-related items, to golf equipment brands, OEMs, distributors, and consumers via the company's KBS Golf Experience retail outlets. FST's equipment, marketed under the KBS brand, is utilized by golfers at all levels, including many professional players participating in the PGA and other major golf associations. The company's product portfolio, retail presence, and golf-related services are part of a vertically integrated business model that has established the KBS brand on a global scale and created significant competitive advantages over peer brands. The company's growth strategies currently position it for expansion into under-tapped golf shaft markets.
Forward-Looking Statements
This press release contains forward-looking statements regarding future expectations, plans, and prospects, as well as statements that are not historical facts. These statements involve known and unknown risks, uncertainties, and assumptions based on the Company's current expectations about events that may impact its financial condition, results, strategy, and needs. Forward-looking statements can often be identified by terms such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely," and similar expressions.
The Company assumes no obligation to update or revise these statements to reflect new events or changes in expectations, except as required by law. While these statements reflect reasonable expectations, actual results may differ materially. Investors are encouraged to review the Company's registration statement and SEC filings for additional information on factors that may impact future results.
Company Contact:
FST Corp.
1801 13th Street, Suite 306,
Boulder, CO 80302
Office: 303-444-2226
Email: investorrelations@fstshafts.com
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: ir@skylineccg.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296059