FST Corp (KBSX) AI Stock Analysis

• Market Cap: $61.78M
• Dividend Yield: N/A
• Average Volume (3M): 7.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.27
• Revenue Growth: N/A
• EPS Growth: -267.14%
• Country: US
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): -0.55
• Shares Outstanding: 44,766,003
• 10 Day Avg. Volume: 7,025
• 30 Day Avg. Volume: 7,600
• PEG Ratio: -0.02
• Price to Book (P/B): 3.00
• Price to Sales (P/S): 1.88
• P/FCF Ratio: -52.25
• Enterprise Value/Market Cap: 1.49
• Enterprise Value/Revenue: 2.09
• Enterprise Value/Gross Profit: 4.81
• Enterprise Value/Ebitda: -20.83
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: $1.50 ▲(0.67% Upside)

KBSX's overall stock score is primarily impacted by its poor financial performance and weak valuation. The technical analysis also indicates bearish trends, further contributing to the low score. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

The significant revenue increase indicates strong demand for FST Corp's products, suggesting potential for sustained growth in its core markets.

Market Position

FST Corp's focus on advanced biometric solutions positions it well in the growing security and identity management sectors, offering competitive advantages.

Partnerships

Strategic partnerships expand FST Corp's market access, enabling it to secure larger projects and governmental contracts, supporting long-term revenue stability.

Negative Factors

Financial Instability

Persistent negative profit margins and high leverage suggest financial instability, potentially hindering FST Corp's ability to invest in growth and innovation.

Cash Flow Weakness

Weak cash flow generation relative to net losses limits FST Corp's financial flexibility, affecting its ability to manage debt and fund operations effectively.

Equity Decline

The significant decline in equity reflects ongoing financial pressures, potentially impacting FST Corp's ability to secure financing and invest in future growth.

FST Corp Business Overview & Revenue Model

Company Description

FST Corp (KBSX) is a technology company specializing in advanced biometric identification solutions. The company operates primarily in the security and identity management sectors, providing products and services that enhance security and streamline access control for businesses and governmental organizations. FST Corp's core offerings include facial recognition systems, access control systems, and comprehensive identity management software that integrates with existing security infrastructures.

How the Company Makes Money

FST Corp generates revenue through the sale of its biometric identification products and software solutions, which are typically offered on a license or subscription basis. Key revenue streams include direct sales of hardware components, such as cameras and sensors, as well as software licensing fees for its identity management platforms. The company may also earn income through installation services, ongoing maintenance contracts, and training programs for clients. Significant partnerships with security firms and technology integrators further enhance its market reach and revenue potential, allowing FST Corp to tap into larger projects and governmental contracts.

FST Corp Financial Statement Overview

Summary

KBSX is facing significant financial challenges. Despite some revenue growth, the company has negative profit margins and high leverage, indicating financial instability. Cash flow metrics are weak, with poor cash generation relative to net losses.

Income Statement

FST Corp's income statement shows a mixed performance. The TTM data indicates a gross profit margin of 43.38%, which is relatively healthy, but the net profit margin is negative at -21.35%, indicating significant losses. Revenue growth is positive at 7.88% TTM, suggesting some top-line improvement. However, negative EBIT and EBITDA margins highlight operational inefficiencies and challenges in cost management.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.75 TTM, suggesting significant leverage and potential financial risk. Return on equity is negative, reflecting the company's inability to generate profits from shareholders' equity. The equity ratio is not explicitly calculated, but the high leverage indicates a lower proportion of equity in the asset base.

Cash Flow

Cash flow analysis shows concerning trends. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is low at 0.10 TTM, indicating weak cash generation relative to net losses. The free cash flow to net income ratio is relatively better at 0.88, but overall cash flow health is poor.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	44.08M	36.50M	28.73M	49.78M	38.94M	27.63M
Gross Profit	19.12M	15.71M	13.44M	26.57M	16.80M	12.73M
EBITDA	-4.42M	-3.32M	-1.30M	16.07M	4.26M	2.38M
Net Income	-9.41M	-3.24M	-2.17M	9.38M	-90.53K	841.91K
Balance Sheet
Total Assets	61.01M	58.58M	63.31M	59.98M	46.59M	40.02M
Cash, Cash Equivalents and Short-Term Investments	7.97M	5.16M	8.90M	20.74M	10.55M	7.01M
Total Debt	18.59M	15.42M	16.03M	9.36M	15.48M	12.31M
Total Liabilities	50.27M	35.58M	35.88M	27.56M	21.56M	17.15M
Stockholders Equity	10.60M	22.83M	27.42M	32.42M	25.03M	22.87M
Cash Flow
Free Cash Flow	2.77M	-1.31M	-22.80M	10.24M	3.07M	2.50M
Operating Cash Flow	3.14M	-1.31M	-11.21M	12.72M	7.20M	4.19M
Investing Cash Flow	4.00M	3.64M	-11.59M	-2.46M	-6.41M	-3.47M
Financing Cash Flow	-6.49M	-2.33M	11.30M	2.30M	826.01K	-1.39M

FST Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.49
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KBSX, the sentiment is Negative. The current price of 1.49 is above the 20-day moving average (MA) of 1.45, below the 50-day MA of 1.50, and below the 200-day MA of 1.87, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.21 is Neutral, neither overbought nor oversold. The STOCH value of 28.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KBSX.

FST Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACNT	63 Neutral	$145.53M	167.46	-3.84%	―	-29.03%	―
FRD	62 Neutral	$152.91M	13.21	8.47%	0.75%	8.72%	43.14%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ZEUS	61 Neutral	$466.60M	35.48	2.40%	1.58%	-5.64%	-48.34%
HUDI	53 Neutral	$18.13M	-34.79	-0.69%	―	-20.24%	-119.83%
KBSX	40 Underperform	$61.78M	-2.96	―	―	―	-267.14%

FST Corp Corporate Events

FST Corp. Reports Increased Revenue Amidst Financial Challenges

On November 18, 2025, FST Corp. released its unaudited condensed consolidated financial statements for the nine months ending September 30, 2025. The financial report highlights a significant increase in revenue to $34.7 million compared to $26.4 million in the same period the previous year, reflecting a strong operational performance. However, the company’s net income faced challenges, with a notable decrease in total equity from $23 million at the end of 2024 to $10.7 million by September 2025, indicating financial pressures despite revenue growth.

FST Corp. Schedules Virtual Annual Meeting to Approve 2025 Equity Plan

FST Corp. has announced its Annual General Meeting of Shareholders scheduled for December 8, 2025, which will be held virtually. The primary agenda item is the approval of the FST Corp. 2025 Equity Incentive Plan, which requires a majority vote from shareholders. The meeting will be conducted online to enhance shareholder participation and reduce costs, with pre-registration required by December 7, 2025. The Board of Directors recommends voting in favor of the proposal, emphasizing the importance of shareholder votes, especially for those holding shares through banks or brokers.