DSwiss Inc
DQWS · Perfumes, Cosmetics & Other Toilet Preparations · 206.9M shares · +0%/yr ↓ buyback · EDGAR filings ↗
Grade
D50Tiny Asia-based nutraceutical/OEM supplier with shrinking revenue, weak margins and thin liquidity.
Strengths
- Roughly breakeven operating margin and ~8 quarters of cash runway for a micro-cap
- Established OEM/ODM relationships across Malaysia and Southeast Asia
Risks
- Revenue down 6% to $2.9M, low gross margin (19.3%, 6.7th pct) and net loss (net margin -2.6%)
- Weak current ratio (0.71, 5.6th pct) and China/SE-Asia micro-cap governance and disclosure concerns; ROE (94th pct) is a small-equity artifact
Notable findings
- Net lossNet loss (net margin -2.6%)
- Cash burnNegative free cash flow (-0.1M)
- Weak liquidityCurrent ratio 0.71 (<1)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
19.3%
Operating margin
-0.0%
Net margin
-2.6%
Return on equity
822.4%
Return on assets
-11.4%
Revenue growth (QoQ)
4.6%
Net-income growth
-445.9%
Current ratio
0.7×
Free cash flow
-$135K
EBITDA
$63K
Tangible book value
-$10K
Cash & investments
$285K
Cash runway
8q
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-15 | 2026-03-31 | 0001493152-26-023281 ↗ |
| 10-K | 2026-03-31 | 2025-12-31 | 0001493152-26-013865 ↗ |
| 10-Q | 2025-11-14 | 2025-09-30 | 0001493152-25-022468 ↗ |
| 8-K | 2025-10-06 | 2025-10-01 | 0001493152-25-016981 ↗ |
| 10-Q | 2025-08-14 | 2025-06-30 | 0001641172-25-023668 ↗ |
| 10-Q | 2025-05-15 | 2025-03-31 | 0001641172-25-010464 ↗ |
| 10-K | 2025-03-31 | 2024-12-31 | 0001641172-25-001448 ↗ |
| 10-Q | 2024-11-14 | 2024-09-30 | 0001493152-24-045271 ↗ |
| 10-Q | 2024-08-14 | 2024-06-30 | 0001493152-24-031780 ↗ |
| 10-Q | 2024-05-15 | 2024-03-31 | 0001493152-24-019390 ↗ |
| 10-K | 2024-03-29 | 2023-12-31 | 0001493152-24-011843 ↗ |
| 10-Q | 2023-11-14 | 2023-09-30 | 0001493152-23-040734 ↗ |