MKDWELL Tech Inc.
MKDW, MKDWW · Electronic & Other Electrical Equipment (No Computer Equip) · EDGAR filings ↗
Grade
F36Tiny Taiwan/China auto-electronics maker effectively out of cash with deeply negative operating margins and distressed convertible financing.
Strengths
- Revenue grew ~52% (88th pct)
- Repaid the Streeterville note early in March 2026
Risks
- Cash of only ~$24K and ~0.1-quarter runway — essentially cash-exhausted
- Gross margin 6.2% (8th pct) and operating margin -88%; toxic/convertible note history with standstill and forbearance agreements
- Multiple Nasdaq deficiency notices
Notable findings
- Net lossNet loss (net margin -104.0%)
- Cash burnNegative free cash flow (-1.7M)
Key metrics
Gross margin
6.2%
Operating margin
-88.0%
Net margin
-104.0%
Return on equity
-54.5%
Return on assets
-17.1%
ROIC
-24.2%
Revenue growth (QoQ)
51.6%
Debt / equity
0.5×
Current ratio
1.2×
Free cash flow
-$2M
EBITDA
-$2M
Tangible book value
$5M
Cash & investments
$24K
Cash runway
0q
Stock comp / revenue
2.7%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001493152-26-019701 ↗ |
| 20-F | 2025-04-03 | 2024-12-31 | 0001641172-25-002607 ↗ |
| 20-F | 2024-08-15 | 2023-12-31 | 0001493152-24-032648 ↗ |