NASDAQ : WOK
WORK Medical Technology Group LTD — Financial statements
Healthcare · Medical Devices · China
Last price 1.1 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.66M
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Financial statements
WORK Medical Technology Group LTD (WOK) reported revenue of 10.72M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 10.72M | 9.85M | 11.51M | 13.57M | 19.71M | 45.86M |
| Cost of Revenue | 8.90M | 7.50M | 8.64M | 9.42M | 15.29M | 37.22M |
| Gross Profit | 1.82M | 2.34M | 2.87M | 4.14M | 4.42M | 8.64M |
| Selling, General & Admin | 6.00M | 4.41M | 6.61M | 3.43M | 3.60M | 4.49M |
| Research & Development | 280.90K | 435.31K | 302.51K | 301.64K | 183.90K | 186.45K |
| Operating Expenses | 6.29M | 4.84M | 6.91M | 3.73M | 3.78M | 4.67M |
| Operating Income | -4.47M | -2.50M | -4.05M | 412.23K | 638.33K | 3.97M |
| Interest Expense | -334.59K | -503.52K | -557.57K | -392.74K | -352.97K | -329.52K |
| Interest & Investment Income | 212.89K | 181.68K | 11.73K | 25.42K | 1.97K | |
| Other Non Operating Income (Expenses) | 115.39K | 1.74M | 925.33K | 65.49K | 1.19M | 99.74K |
| EBT Excluding Unusual Items | -4.42M | -1.08M | -3.67M | 110.39K | 1.47M | 3.74M |
| Gain (Loss) on Sale of Assets | -360.41K | |||||
| Other Unusual Items | 3.61M | |||||
| Pretax Income | -4.42M | -1.08M | -3.67M | 110.39K | 1.11M | 7.34M |
| Income Tax Expense | 210.65K | 119.05K | -125.29K | 47.01K | 169.44K | 1.08M |
| Earnings From Continuing Operations | -4.63M | -1.20M | -3.54M | 63.38K | 944.13K | 6.27M |
| Minority Interest in Earnings | 136.48K | 128.36K | 48.09K | 48.65K | -78.92K | -307.42K |
| Net Income | -4.50M | -1.07M | -3.49M | 112.03K | 865.21K | 5.96M |
| Net Income to Common | -4.50M | -1.07M | -3.49M | 112.03K | 865.21K | 5.96M |
| Free Cash Flow | -5.62M | 4.91M | -11.45M | 1.75M | -4.27M | -7.24M |
| Gross Margin | 16.97% | 23.81% | 24.93% | 30.54% | 22.42% | 18.84% |
| Operating Margin | -41.68% | -25.34% | -35.16% | 3.04% | 3.24% | 8.65% |
| Profit Margin | -41.95% | -10.89% | -30.35% | 0.83% | 4.39% | 12.99% |
| Free Cash Flow Margin | -52.48% | 49.87% | -99.54% | 12.93% | -21.67% | -15.78% |
| EBITDA | -3.37M | -1.57M | -2.63M | 2.02M | 3.90M | 8.16M |
| EBITDA Margin | -31.44% | -15.97% | -22.90% | 14.86% | 19.77% | 17.79% |
| D&A For EBITDA | 1.10M | 923.11K | 1.41M | 1.60M | 3.26M | 4.19M |
| EBIT | -4.47M | -2.50M | -4.05M | 412.23K | 638.33K | 3.97M |
| EBIT Margin | -41.68% | -25.34% | -35.16% | 3.04% | 3.24% | 8.65% |
| Effective Tax Rate | 42.58% | 15.22% | 14.69% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.25M | 4.09M | 6.56M | 1.60M | 731.18K | 508.71K |
| Cash & Short-Term Investments | 3.25M | 4.09M | 6.56M | 1.60M | 731.18K | 508.71K |
| Accounts Receivable | 1.96M | 615.84K | 1.65M | 3.33M | 3.29M | 578.42K |
| Other Receivables | 22.50K | 165.98K | 955.21K | 353.06K | 403.11K | |
| Receivables | 5.09M | 1.66M | 4.32M | 8.74M | 6.15M | 6.57M |
| Inventory | 1.93M | 2.46M | 3.18M | 4.62M | 4.36M | 6.29M |
| Prepaid Expenses | 2.53M | 190.78K | 143.60K | 24.15K | 13.64K | 6.32K |
| Restricted Cash | 400.00K | 41.19K | 42.24K | 364.42K | ||
| Other Current Assets | 8.78M | 12.06M | 6.22M | 7.13M | 5.32M | 4.40M |
| Total Current Assets | 21.59M | 20.46M | 20.83M | 22.15M | 16.61M | 18.15M |
| Property, Plant & Equipment | 16.70M | 10.61M | 11.37M | 6.74M | 7.98M | 11.45M |
| Other Intangible Assets | 953.68K | 959.12K | 1.04M | 998.45K | 949.96K | 1.06M |
| Long-Term Deferred Tax Assets | 112.92K | 66.87K | ||||
| Other Long-Term Assets | 913.91K | 1.13M | 2.89M | |||
| Total Assets | 48.31M | 33.16M | 36.25M | 29.96M | 25.54M | 30.66M |
| Accounts Payable | 1.64M | 1.72M | 1.50M | 3.96M | 3.20M | 9.04M |
| Accrued Expenses | 2.54M | 2.49M | 2.09M | 2.01M | 1.61M | 427.99K |
| Short-Term Debt | 6.60M | 6.39M | 13.47M | 9.00M | 6.21M | 6.60M |
| Current Portion of Leases | 13.92K | 6.74K | 49.56K | 18.59K | ||
| Current Income Taxes Payable | 517.55K | 501.48K | 508.73K | 736.59K | 619.58K | 538.15K |
| Current Unearned Revenue | 495.34K | 402.41K | 625.33K | 776.21K | 744.11K | 1.59M |
| Other Current Liabilities | 4.02M | 456.30K | 1.99M | 2.39M | 1.85M | 722.25K |
| Total Current Liabilities | 15.82M | 11.97M | 20.18M | 18.92M | 14.26M | 18.91M |
| Long-Term Leases | 12.77K | 18.76K | 50.13K | 68.50K | ||
| Long-Term Deferred Tax Liabilities | 1.19K | 1.30K | 25.53K | 347.55K | ||
| Total Liabilities | 15.83M | 11.99M | 20.18M | 18.97M | 14.35M | 19.26M |
| Common Stock | 17.00 | 51.80K | 7.30K | 6.25K | 6.25K | 6.25K |
| Additional Paid-In Capital | 27.94M | 13.04M | 6.62M | 85.01K | 85.01K | 85.01K |
| Retained Earnings | 2.45M | 5.86M | 6.98M | 10.47M | 10.36M | 9.49M |
| Comprehensive Income & Other | -268.36K | -614.98K | -414.71K | -683.08K | -446.53K | 457.94K |
| Total Common Equity | 30.12M | 18.34M | 13.19M | 9.88M | 10.00M | 10.04M |
| Minority Interest | 2.35M | 2.83M | 2.88M | 1.11M | 1.19M | 1.35M |
| Shareholders' Equity | 32.48M | 21.16M | 16.07M | 10.99M | 11.19M | 11.39M |
| Total Liabilities & Equity | 48.31M | 33.16M | 36.25M | 29.96M | 25.54M | 30.66M |
| Total Debt | 6.62M | 6.42M | 13.47M | 9.10M | 6.30M | 6.60M |
| Net Cash (Debt) | -3.37M | -2.33M | -6.91M | -7.50M | -5.57M | -6.09M |
| Filing Date Shares Outstanding | 16.24K | 17.25K | 15.00 | 13.00 | 13.00 | 100.00 |
| Total Common Shares Outstanding | 16.24K | 15.00 | 13.00 | 13.00 | 100.00 | |
| Working Capital | 5.78M | 8.48M | 647.03K | 3.23M | 2.35M | -768.62K |
| Book Value Per Share | 1,855.16 | 879,061.73 | 759,711.62 | 769,290.08 | 100,400.26 | |
| Tangible Book Value | 29.17M | 17.38M | 12.14M | 8.88M | 9.05M | 8.98M |
| Tangible Book Value Per Share | 1,796.42 | 809,457.60 | 682,907.77 | 696,216.62 | 89,807.12 | |
| Buildings | 328.09K | 317.90K | 309.99K | |||
| Machinery | 6.19M | 5.64M | 5.73M | 12.38M | 13.09M | 18.52M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -4.50M | -1.07M | -3.49M | 112.03K | 865.21K | 5.96M |
| Depreciation & Amortization | 1.10M | 923.11K | 1.41M | 1.60M | 3.26M | 4.19M |
| Loss (Gain) From Sale of Assets | 178.51K | 178.51K | 42.50K | 8.09K | -10.87K | |
| Provision & Write-off of Bad Debts | -184.98K | -184.98K | 12.16K | 149.50K | 1.11M | 272.31K |
| Other Operating Activities | -3.90M | -40.70K | -93.37K | -124.86K | -352.42K | 560.23K |
| Change in Accounts Receivable | 1.02M | 1.02M | 1.82M | -131.95K | -3.96M | -117.48K |
| Change in Inventory | 6.61M | 6.61M | 515.48K | 576.77K | 1.86M | 15.52M |
| Change in Accounts Payable | 245.50K | 245.50K | -2.55M | 864.59K | -5.82M | -2.94M |
| Change in Unearned Revenue | -211.24K | -211.24K | -176.97K | 52.24K | -751.38K | -33.09M |
| Change in Income Taxes | -250.42K | 136.51K | 81.43K | 889.26K | ||
| Change in Other Net Operating Assets | -1.22M | -1.22M | 542.95K | -1.04M | 1.46M | 1.58M |
| Operating Cash Flow | -865.76K | 6.24M | -2.23M | 2.21M | -2.26M | -7.18M |
| Capital Expenditures | -4.76M | -1.33M | -9.23M | -455.39K | -2.01M | -60.00K |
| Sale of Property, Plant & Equipment | 6.52K | 472.93K | 194.33K | 601.76K | ||
| Cash Acquisitions | -85.01K | -85.01K | 63.62K | |||
| Divestitures | -95.00 | -95.00 | ||||
| Sale (Purchase) of Intangibles | -33.31K | -127.91K | ||||
| Other Investing Activities | -9.98M | -6.64M | ||||
| Investing Cash Flow | -13.89M | -7.61M | -9.06M | -583.30K | -1.35M | -60.00K |
| Short-Term Debt Issued | 18.82M | 13.39M | 9.11M | 7.25M | 22.53M | |
| Long-Term Debt Issued | 6.54M | |||||
| Total Debt Issued | 13.57M | 18.82M | 13.39M | 9.11M | 7.25M | 29.07M |
| Short-Term Debt Repaid | -26.64M | -9.37M | -6.00M | -7.25M | -19.94M | |
| Long-Term Debt Repaid | -1.14M | |||||
| Total Debt Repaid | -16.22M | -26.64M | -9.37M | -6.00M | -7.25M | -21.08M |
| Net Debt Issued (Repaid) | -2.65M | -7.82M | 4.03M | 3.11M | 7.99M | |
| Issuance of Common Stock | 24.50M | 6.90M | 7.37M | |||
| Other Financing Activities | -5.44M | 23.83K | 4.26M | -3.84M | 3.57M | |
| Financing Cash Flow | 16.41M | -898.21K | 15.66M | -728.72K | 3.57M | 7.99M |
| Foreign Exchange Rate Adjustments | -401.04K | -207.36K | 555.46K | -33.85K | -59.82K | -80.24K |
| Net Cash Flow | 1.26M | -2.47M | 4.92M | 863.86K | -99.71K | 672.73K |
| Free Cash Flow | -5.62M | 4.91M | -11.45M | 1.75M | -4.27M | -7.24M |
| Free Cash Flow Margin | -52.48% | 49.87% | -99.54% | 12.93% | -21.67% | -15.78% |
| Levered Free Cash Flow | -2.16M | -5.52M | -7.60M | -1.79M | -1.11M | -4.85M |
| Unlevered Free Cash Flow | -1.95M | -5.21M | -7.25M | -1.55M | -892.35K | -4.65M |
| Cash Interest Paid | 353.99K | 508.52K | 543.75K | 312.04K | 312.28K | 314.38K |
| Cash Income Tax Paid | 21.00 | 8.10K | 9.97K | 160.16K | 340.02K | 115.80K |
| Change in Working Capital | 6.44M | 6.44M | -107.51K | 461.85K | -7.13M | -18.16M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.42M | 6.37M | 71.96M | |||
| Enterprise Value | 5.79M | 20.19M | 86.32M | |||
| Last Close Price | 1.00 | 74,900.00 | 5,140,100.00 | |||
| PS Ratio | 0.23 | 0.65 | 6.25 | |||
| PB Ratio | 0.07 | 0.30 | 4.48 | |||
| P/TBV Ratio | 0.08 | 0.37 | 5.93 | |||
| P/FCF Ratio | 1.30 | |||||
| P/OCF Ratio | 1.02 | |||||
| EV/Sales Ratio | 0.54 | 2.05 | 7.50 | |||
| EV/FCF Ratio | 4.11 | |||||
| Debt / Equity Ratio | 0.20 | 0.30 | 0.84 | 0.83 | 0.56 | 0.58 |
| Debt / EBITDA Ratio | 4.42 | 1.61 | 0.81 | |||
| Debt / FCF Ratio | 1.31 | 5.18 | ||||
| Net Debt / Equity Ratio | 0.10 | 0.11 | 0.43 | 0.68 | 0.50 | 0.53 |
| Net Debt / EBITDA Ratio | -1.00 | -1.48 | -2.62 | 3.72 | 1.43 | 0.75 |
| Net Debt / FCF Ratio | -0.60 | 0.47 | -0.60 | 4.28 | -1.30 | -0.84 |
| Asset Turnover | 0.26 | 0.28 | 0.35 | 0.49 | 0.70 | 1.06 |
| Inventory Turnover | 3.63 | 2.66 | 2.21 | 2.10 | 2.87 | 3.87 |
| Quick Ratio | 0.33 | 0.39 | 0.41 | 0.31 | 0.31 | 0.08 |
| Current Ratio | 1.36 | 1.71 | 1.03 | 1.17 | 1.17 | 0.96 |
| Return on Equity (ROE) | -19.23% | -6.45% | -26.17% | 0.57% | 8.36% | 72.34% |
| Return on Assets (ROA) | -6.73% | -4.50% | -7.64% | 0.93% | 1.42% | 5.71% |
| Return on Invested Capital (ROIC) | -12.46% | -10.74% | -19.51% | 1.34% | 3.16% | 24.83% |
| Return on Capital Employed (ROCE) | -13.70% | -11.80% | -25.20% | 3.70% | 5.70% | 33.80% |
| Earnings Yield | -185.72% | -16.85% | -4.85% | |||
| FCF Yield | -232.32% | 77.15% | -15.92% |