MKDWELL Tech (MKDW) AI Stock Analysis

• Market Cap: $25.35M
• Dividend Yield: N/A
• Average Volume (3M): 451.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.88
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 88
• Sector: Technology
• Sector Strength: 88
• Industry: Auto - Parts
• EPS (TTM): N/A
• Shares Outstanding: 143,619,340
• 10 Day Avg. Volume: 333,965
• 30 Day Avg. Volume: 451,153
• PEG Ratio: -0.10
• Price to Book (P/B): -3.76
• Price to Sales (P/S): 7.91
• P/FCF Ratio: -5.03
• Enterprise Value/Market Cap: 10.50
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -6.97K
• 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: 44 Neutral
• Price Target: $0.17 ▼(-5.00% Downside)

MKDWELL Tech's overall stock score is primarily impacted by its poor financial performance and valuation. The company's significant financial challenges, including negative margins and cash flows, are major concerns. Technical analysis provides mixed signals, with a bearish long-term trend but some short-term indicators suggesting potential overbought conditions.

Positive Factors

Recurring Revenue Model

Subscription services provide predictable, recurring revenue that can stabilize cash flows and margins versus one-time hardware sales. Over a 2-6 month horizon a growing subscription base supports retention, LTV expansion and provides a foundation for profitable scale as hardware sales fluctuate.

Diversified Go-to-Market Partnerships

Distribution via retail, telco bundles and integrations with construction/developers creates multiple durable channels. These partnerships can drive volume, reduce customer acquisition costs, and enable bulk contracts that support long-term scale and resilience in competitive IoT and smart-home markets.

Recent Strong Top-Line Traction

A 68% YoY revenue increase driven by doubled manufactured product sales and mass-production orders from a key customer signals product-market fit and scaling capacity. If management converts volume into diversified customers, this revenue momentum can underpin sustainable growth and future margin recovery.

Negative Factors

Negative Stockholders' Equity

Negative equity indicates liabilities exceed assets, creating solvency and covenant risk. This structural imbalance constrains financing options, raises creditor pressure, and reduces resilience to operational shocks, materially increasing default risk over a 2-6 month planning horizon.

Negative Operating and Free Cash Flow

Persistent negative OCF and FCF mean the business depends on external financing to fund operations and growth. That reliance limits strategic flexibility, heightens refinancing risk, and can force cost cutting or asset sales that hamper long-term product investment and competitive positioning.

Forbearance on Convertible Note

A forbearance agreement after a default is a structural financing stress signal. It temporarily delays enforcement but creates restrictive conditions and deadlines, consumes management focus, and heightens the risk of enforced conversion or acceleration if covenants are breached, threatening continuity.

MKDWELL Tech Business Overview & Revenue Model

Company Description

MKDWELL Tech Inc. is a holding company, which engages in the manufacture and supply of electronic equipment for vehicles through its subsidiaries. The company was founded on July 25, 2023 and is headquartered in Road Town, British Virgin Islands.

How the Company Makes Money

MKDW generates revenue primarily through the sale of its smart home products and IoT devices, which are sold directly to consumers and through retail partnerships. The company also offers subscription-based services for enhanced features and ongoing support, creating a recurring revenue stream. Additionally, MKDW collaborates with construction firms and real estate developers to integrate its technology into new builds, providing a significant source of income through bulk contracts. Strategic partnerships with telecommunications companies further bolster its market presence, allowing for bundled offerings that attract more customers and increase sales.

MKDWELL Tech Financial Statement Overview

Summary

MKDWELL Tech is facing significant financial challenges, including declining revenues, persistent losses, high leverage, and negative cash flows. The negative equity and reliance on financing activities pose substantial risks to financial health and sustainability.

Income Statement

MKDWELL Tech has been experiencing a declining trend in revenue over the years, with a significant drop from 2023 to 2024. Both gross profit and net income margins are negative, indicating persistent operational challenges. The company's EBIT and EBITDA margins also reflect ongoing losses, suggesting difficulties in achieving profitability.

Balance Sheet

The company has a negative stockholders' equity, highlighting financial instability and high leverage. The debt-to-equity ratio is not meaningful due to negative equity, and the equity ratio is negative, indicating that liabilities far exceed assets. This points to a precarious financial position with potential solvency risks.

Cash Flow

MKDWELL Tech has shown negative operating and free cash flows, which indicate challenges in generating cash from operations. The company’s financing activities seem to be the primary source of cash, which may not be sustainable long-term. The negative free cash flow to net income ratio further emphasizes cash flow difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	2.00M	3.67M	3.15M	3.27M
Gross Profit	0.00	165.67K	673.73K	1.02M	525.29K
EBITDA	-38.16K	-2.22M	-1.26M	-298.94K	-385.19K
Net Income	-157.48K	-2.52M	-1.59M	-1.26M	-1.29M
Balance Sheet
Total Assets	21.89M	8.89M	9.17M	8.13M	9.87M
Cash, Cash Equivalents and Short-Term Investments	19.55K	542.59K	924.43K	417.01K	493.44K
Total Debt	0.00	8.15M	6.38M	4.57M	4.90M
Total Liabilities	3.58M	14.07M	8.84M	6.60M	9.89M
Stockholders Equity	18.31M	-4.21M	595.84K	752.48K	-15.41K
Cash Flow
Free Cash Flow	-677.20K	-3.15M	-2.08M	-563.41K	-1.72M
Operating Cash Flow	-677.20K	-3.11M	-1.32M	-129.86K	-717.26K
Investing Cash Flow	39.29M	-834.94K	-1.30M	-428.13K	-1.01M
Financing Cash Flow	-38.63M	3.58M	3.14M	605.70K	1.48M

MKDWELL Tech Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MKDW, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.18, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.00 is Neutral, neither overbought nor oversold. The STOCH value of 42.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MKDW.

MKDWELL Tech Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SYPR	52 Neutral	$61.26M	-23.69	-12.14%	―	-13.01%	21.49%
WKSP	49 Neutral	$17.91M	-0.62	-95.07%	―	123.37%	44.08%
CREV	46 Neutral	$3.34M	―	―	―	―	―
MKDW	44 Neutral	$25.35M	―	-266.79%	―	―	―
FRSX	44 Neutral	$7.24M	-0.05	―	―	-12.38%	60.99%
INEO	40 Underperform	$10.31M	-4.01	―	―	8.54%	-178.36%

MKDWELL Tech Corporate Events

MKDWELL Tech Launches US$7 Million Share Buyback Amid Market Volatility

On December 21, 2025, MKDWELL Tech Inc. entered into stock repurchase agreements with certain shareholders to buy back 34,580,000 ordinary shares at US$0.203 per share, for a total of about US$7 million, in a privately negotiated transaction, with closing expected within five business days of that date and the repurchased shares to be held as treasury stock. Announced on January 2, 2026, the move is framed by Chairman and CEO Ming-Chia Huang as a response to recent market conditions that he believes undervalue the company’s business model and long-term growth prospects, and as a signal of confidence in MKDWELL’s strategic direction amid macroeconomic volatility and new U.S. tariffs, aimed at supporting shareholder value while the company continues to focus on AIoT-based automotive and smart home solutions.

The most recent analyst rating on (MKDW) stock is a Hold with a $0.20 price target. To see the full list of analyst forecasts on MKDWELL Tech stock, see the MKDW Stock Forecast page.

MKDWELL Tech Posts Strong First-Half 2025 Revenue Growth but Margins Remain Under Pressure

On December 29, 2025, MKDWELL Tech Inc. reported unaudited financial results for the six months ended June 30, 2025, showing total revenue of US$1.37 million, up 68.3% year on year, driven mainly by a doubling of sales of manufactured electronic products and strong growth in commissioned processing services. Despite the top-line expansion and a 32.8% rise in gross profit to US$0.09 million, gross margin compressed to 6.5% as sales to major customers became less profitable, while rental and other ancillary revenues dropped sharply after a lease contract expired. Operating loss narrowed slightly to US$1.48 million and net loss edged down 1.5% to US$1.70 million as higher selling and R&D expenses were partially offset by lower general and administrative costs and improved other income, though interest expense rose on a late-2024 convertible note. Management highlighted increased mass-production orders from a key strategic customer as the main driver of volume growth and signaled that adding new customers remains critical to further improving performance and narrowing losses.

The most recent analyst rating on (MKDW) stock is a Hold with a $0.20 price target. To see the full list of analyst forecasts on MKDWELL Tech stock, see the MKDW Stock Forecast page.

MKDWELL Tech Secures Forbearance Agreement Amid Financial Challenges

On December 2, 2025, MKDWELL Tech Inc. entered into a Forbearance and Standstill Agreement with Streeterville Capital, LLC, following a default on a convertible promissory note issued in November 2024. The agreement temporarily halts the investor’s enforcement rights and extends the note’s maturity date to June 9, 2026, with specific conditions for monthly payments and conversion rights. This move aims to stabilize MKDWELL Tech’s financial obligations and maintain investor relations amidst operational challenges.

The most recent analyst rating on (MKDW) stock is a Hold with a $0.20 price target. To see the full list of analyst forecasts on MKDWELL Tech stock, see the MKDW Stock Forecast page.