Mingteng International Corporation Inc. (NASDAQ: MTEN) announced its unaudited first‑half fiscal 2025 results on October 1, 2025. Total revenue rose 13.2% year‑over‑year to $5.26 million, driven by a 9.7% increase in mold‑production revenue to $3.63 million and a 39.1% jump in machining‑services revenue to $1.14 million. Gross profit fell 11.1% to $1.47 million, with the overall gross margin contracting from 35.5% to 27.9%.
The company posted a net loss of $1.36 million for the six‑month period, compared with a $0.27 million loss in the same period last year. Operating expenses declined 23.9% to $1.47 million, largely due to a 57.2% drop in selling expenses and a 33.7% reduction in general‑administrative costs. However, research and development spending increased 42.1% to $409,623, reflecting continued investment in new die‑steel technology and product development.
Cash and cash equivalents stood at $1.76 million on June 30, 2025, down from $2.08 million at year‑end 2024, while net cash used in operating activities was $0.23 million versus $0.66 million in the prior year. The company’s balance sheet remains heavily leveraged, with short‑term loans of $1.40 million and accounts payable of $1.21 million. The results underscore a growth‑driven but cost‑intense phase, as MTEN expands machining capabilities and R&D while managing margin pressure.
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