WETH News & Events

WeTouch Technology (WETH) won two key projects with Siemens (SIEGY). Under the agreement, WeTouch has been awarded long-term supply qualification for Siemens' industrial Human-Machine Interface high-end product line as well as its core Programmable Logic Controller products for the next five years. Together, these projects are expected to generate approximately $10M in additional annual revenue during the contract period.

WeTouch Technology has received official notification from The Nasdaq Stock Market confirming that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1). The notification, dated October 10, 2025, follows WeTouch's filing of its Form 10-Q for the quarter ended March 31, 2025 on October 8, 2025, and its Form 10-Q for the quarter ended June 30, 2025 on October 9, 2025. As a result, the Company is now current in all its periodic filing requirements with the U.S. Securities and Exchange Commission. Nasdaq had previously granted WeTouch an extension until October 13, 2025 to complete its filings in accordance with the Company's submitted compliance plan. With the successful filing of both quarterly reports within the extended timeframe, Nasdaq has determined that the Company has regained full compliance. Accordingly, the matter previously disclosed in the Company's Form 8-K filed on September 16, 2025, under Item 3.01 has been closed.

"Notably, the Company has provided clear fiscal year 2025 guidance: revenue is expected to reach approximately $46.15M, representing a year-over-year increase of 9%; net income is expected to reach approximately $11.88M, a significant increase of 97% year-over-year. This outlook not only highlights the efficiency of the Company's technology in converting into market competitiveness, but also underscores the strong momentum of its business growth. Based on this, We firmly believe that WeTouch's current market valuation remains significantly underestimated. From an operational fundamentals perspective, the Company maintains solid operating efficiency and sustainable profitability, while holding a strong cash reserve of $103.7M. This robust financial foundation not only provides sufficient resources to support strategic initiatives such as technology R&D and market expansion, but also enhances risk resilience during industry cycles, ultimately laying the cornerstone for maximizing long-term shareholder value," concluded CEO Zongyi Lien.

Net Income: $6M, compared with $8.3M in 2023, representing a decrease of 27.7%, reflecting the impact of rising costs despite steady revenue growth. Shipment Volume: 2,060,870 units, up 4.8% from 1,967,316 units in 2023. Domestic vs. International Sales: Domestic sales accounted for 64.7% of total revenues, while international sales accounted for 35.3%. Overseas sales were $14.9M in 2024, compared with $12.1M in 2023. "WeTouch delivered solid performance in fiscal year 2024, achieving record revenue of $42.3M, with continued shipment growth in core applications such as automotive and gaming. We further expanded our customer base in Japan, South Korea, Europe, and North America, fully validating the effectiveness of our technology advantages and market strategy. Despite external challenges, the Company demonstrated resilience and continued to strengthen its leadership position in the large-format touchscreen industry," said Zongyi Lian, CEO. "We also made strategic investments in workforce expansion and new product production, which had a short-term impact on gross margin but will enhance the Company's long-term competitiveness. As we continue to advance our internationalization strategy, deepen partnerships with globally renowned enterprise clients, and strengthen cost management, we are confident in our ability to gradually restore and improve profitability while meeting the growing demand for large-format touchscreens. While 2024 profitability was affected by raw material fluctuations, increased labor costs, and new product investments, we believe these pressures are temporary and expect conditions to gradually improve as supply chains stabilize and procurement costs normalize with scale. While gross margin temporarily declined in 2024 compared to 2023, we have already seen a significant improvement in 2025, driven by supply chain normalization, increased orders from major international customers, and enhanced operational efficiency. Looking ahead, the Company's breakthroughs in curved and ultra-large-size touch display technologies continue to build differentiated competitive advantages in niche markets such as high-end automotive electronics, professional gaming equipment, and commercial display terminals, effectively expanding the boundaries of business growth. On the demand side, developed economies including Japan, South Korea, Europe, and North America are demonstrating resilient demand for high-end touch display products, creating broad incremental opportunities for the Company's global expansion."