Founded in 2011 and headquartered in Meishan, China, Wetouch operates in the touch display hardware market. The company has faced significant headwinds, with an announcement on March 31, 2026 that it would be unable to file its next 10-K by the SEC deadline.
Cyborg Score Rationale
The company experienced a total shareholder loss of 78% over the past three years. Q3 2025 profit margins declined to 21% from 23% year-over-year due to higher expenses. Filing delays and stock depreciation indicate operational distress.
Top Insights
Q3 2025 revenue was $12.2M, up 5.6% from Q3 2024, showing modest top-line growth amid operational challenges
SEC 10-K filing delay announced in March 2026 signals financial reporting or compliance difficulties
Announced a $15 million stock buyback program in July 2024, suggesting management confidence despite stock weakness
Stock price has collapsed from $5.00 offering price (February 2024) to $1.78 as of May 2026, indicating severe investor loss of confidence
Named Competitors
Touch Display Panel Products — Diversified touch solutions for industrial and automotive