First Quarter Fiscal Year 2024 Revenue Reaches $14.9 Million, Marking an 11.2% Increase from 1Q 2023 CHENGDU, China, June 17, 2024 /PRNewswire/ -- WeTouch Technology Inc., (NASDAQ:WETH) ("WeTouch" or the "Company"), a leading innovator in the global touch display industry, today announced its financial results for the first quarter ended March 31, 2024. "We achieved higher revenue in the first quarter of fiscal 2024 by aggressively promoting our high-end products. Although our cost of goods sold increased due to the export controls imposed by the U.S. Department of Commerce on advanced computing and semiconductor manufacturing to China, we expect the procurement costs of chips and other raw
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U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite moving higher on Monday. The Dow traded down 0.12% to 39,329.47 while the NASDAQ rose 0.27% to 18,401.75. The S&P 500 also rose, gaining, 0.09% to 5,572.23. Check This Out: Over $13M Bet On This Energy Stock? Check Out These 4 Stocks Insiders Are Buying Leading and Lagging SectorsInformation technology shares jumped by 0.6% on Monday. In trading on Monday, communication services shares fell by 0.9%. Top Headline Eli Lilly And Co (NYSE:LLY) agreed to acquire Morphic Holding Inc (NASDAQ:MORF) for $57 per share in cash, an aggregate of approximately $3.2 billion. Equities Trading UP
Shares of Arhaus, Inc. (NASDAQ:ARHS) fell sharply during Monday's session. Jefferies analyst Jonathan Matuszewski downgraded Arhaus from Buy to Hold and lowered the price target from $22 to $16. Arhaus shares dipped 7.9% to $14.55 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Morphic Holding, Inc. (NASDAQ:MORF) shares jumped 75% to $55.72 after Eli Lilly agreed to buy the company for $57 per share in cash. Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) climbed 71% to $6.97 after jumping around 50% on Friday. SRIVARU Holding Limited (NASDAQ:SVMH) shares climbed 61.3% to $0.2549 after the company announced the deployment of advanced
U.S. stocks traded mixed midway through trading, with the Dow Jones index turning lower on Monday. The Dow traded down 0.19% to 39,301.00 while the NASDAQ rose 0.21% to 18,390.4. The S&P 500 also fell, dropping, 0.02% to 5,566.26. Check This Out: Over $13M Bet On This Energy Stock? Check Out These 4 Stocks Insiders Are Buying Leading and Lagging SectorsMaterials shares jumped by 0.4% on Monday. In trading on Monday, communication services shares fell by 1.1%. Top Headline Eli Lilly And Co (NYSE:LLY) agreed to acquire Morphic Holding Inc (NASDAQ:MORF) for $57 per share in cash, an aggregate of approximately $3.2 billion. Equities Trading UP Mor
Wetouch Technologies Inc (NASDAQ:WETH) shares are trading lower by 21.7% to $2.47 during Monday’s session. The company earlier announced a $15 million stock buyback. The company will repurchase shares in the open market or through private transactions based on factors such as price, trading volume, and market conditions. The program can be suspended or discontinued at any time. CEO Zongyi Lian stated that the buyback reflects confidence in Wetouch’s business, noting that the company’s strong cash position and undervalued stock present a valuable opportunity to return value to shareholders. Read Also: Paramount Global And Skydance Media Ink $28B Merger, Forming New Entity How To
CHENGDU, China, July 8, 2024 /PRNewswire/ -- Wetouch Technologies Inc. (NASDAQ:WETH) ("Wetouch" or the "Company"), a leading innovator in the global touch display industry, today announced a stock buyback program to repurchase up to $15 million of the Company's common stock. Under the program, the Company is authorized to repurchase its shares from time to time in the open market or in privately negotiated transactions. The timing and amount of any repurchases will depend on a variety of factors, including price, trading volume, general market conditions, and other corporate considerations. The repurchase program does not obligate the Company to repurchase any specific number of shares and
CHENGDU, China, June 24, 2024 /PRNewswire/ -- WeTouch Technology Inc., (NASDAQ:WETH) ("WeTouch" or the "Company"), a leading innovator in the global touch display industry, today released CEO Zongyi Lian's Letter to Shareholders Strong Financial Position and Future Prospects of the company. Dear Fellow Shareholders, I hope this letter finds you well. I am writing to share some exciting updates and reaffirm the robust financial health and promising future of Wetouch Technology. First and foremost, I am pleased to inform you that our company's financial situation is very solid. As of our latest balance sheet, Wetouch Technology boasts a substantial cash reserve of $94.8 million USD. This stro
First Quarter Fiscal Year 2024 Revenue Reaches $14.9 Million, Marking an 11.2% Increase from 1Q 2023 CHENGDU, China, June 17, 2024 /PRNewswire/ -- WeTouch Technology Inc., (NASDAQ:WETH) ("WeTouch" or the "Company"), a leading innovator in the global touch display industry, today announced its financial results for the first quarter ended March 31, 2024. "We achieved higher revenue in the first quarter of fiscal 2024 by aggressively promoting our high-end products. Although our cost of goods sold increased due to the export controls imposed by the U.S. Department of Commerce on advanced computing and semiconductor manufacturing to China, we expect the procurement costs of chips and other raw
CHENGDU, China, May 6, 2024 /PRNewswire/ -- Wetouch Technology Inc. (NASDAQ:WETH) proudly announces the launch of its highly anticipated second-generation touchable screen products. These innovative offerings redefine user experience with unmatched responsiveness, durability, and state-of-the-art design, solidifying Wetouch's position as an industry innovator and leader. Mr. Tsungyi Lien, CEO of Wetouch Technology, stated:"We are thrilled to introduce our second-generation touchscreen products, which represent the culmination of years of research, development, and dedication to excellence. The overwhelming response from our clients reaffirms our commitment to delivering cutting-edge solutio
CHENGDU, China, April 22, 2024 /PRNewswire/ -- Wetouch Technology Inc. (NASDAQ:WETH), a trailblazer in the global touch display industry, is pleased to announce its revenue guidance of $56.3 million USD for the fiscal year 2024, reflecting robust 41% growth and a resilient financial performance. Building upon the solid foundation laid in 2023, during which Wetouch recorded revenue of $39.70 million USD and net income of $8.26 million USD, the company continues to demonstrate its commitment to driving innovation and delivering value to shareholders. This marks a notable increase of approximately 41% in revenue from the previous fiscal year. Mr. Tsungyi Lien, CEO of Wetouch, expressed his opt
CHENGDU, China, April 1, 2024 /PRNewswire/ -- Wetouch Technology Inc. (NASDAQ:WETH), a leading innovator in the global touch display industry, proudly announces its robust financial performance for the fiscal year 2023, showcasing remarkable growth and strong earnings. In 2023, Wetouch achieved an continuous revenue growth, reaching $39.71 million USD, compared to the previous year's revenue of $37.92 million USD. Additionally, the company saw a slight decrease in net income, falling to $8.31 million USD in 2023, compared to the net income of $8.73 million USD reported in 2022. The slight decrease was due to certain non-cash expenses. The solid growth in revenue for 2023 is attributed to We
CHENGDU, China, March 18, 2024 /PRNewswire/ -- Wetouch Technology Inc.(NASDAQ:WETH), a pioneering force in the global touch display industry, is proud to announce its latest milestone in establishing a robust international footprint. Through relentless dedication to innovation and customer satisfaction, Wetouch has solidified its position as a trusted provider of high-quality touch display solutions worldwide. Building on its esteemed reputation and unwavering commitment to excellence, Wetouch has forged a strategic collaboration with IDEC Corporation, a distinguished leader in automation equipment based in Japan. IDEC's dedication to creating solutions that bridge the gap between people an
WestPark Capital, Inc., a full-service investment bank and securities broker-dealer, today announced the closing of a $10.8 Million public offering for Wetouch Technology Inc. (NASDAQ:WETH). ("Wetouch" or the "Company"), is a Nevada company, through its wholly-owned subsidiary, and is engaged in the research, development, manufacturing, sales and servicing of projected capacitive touchscreens. The offering consisted of 2,160,000 shares of common stock at a price to the public of $5.00 per share (the "Offering"). Proceeds from the Offering will be used for the construction of a new factory, facilities and office buildings, the purchase of two production lines in the new factory, research a
Meishan, Sichuan, China, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Wetouch Technology Inc. (NASDAQ:WETH) ("Wetouch" or the "Company"), a Nevada company, through its wholly-owned subsidiary, engaged in the research, development, manufacturing, sales and servicing of projected capacitive touchscreens, announced today the closing of its previously announced underwritten public offering of 2,160,000 shares of common stock at a price to the public of $5.00 per share (the "Offering"). The gross proceeds to the Company from this Offering were $10.8 million, prior to deducting offering expenses, commissions and underwriting discounts. In addition, the Company granted the underwriters a 45-day option to pu
Meishan, Sichuan, China, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Wetouch Technology Inc. (NASDAQ:WETH) ("Wetouch" or the "Company"), a Nevada company, through its wholly-owned subsidiary, engaged in the research, development, manufacturing, sales and servicing of projected capacitive touchscreens, announced today the pricing of an underwritten public offering of 2,160,000 shares of common stock at a price to the public of $5.00 per share (the "Offering"). The gross proceeds to the Company from this Offering are expected to be $10.8 million, prior to deducting offering expenses, commissions and underwriting discounts. In addition, the Company granted the underwriters a 45-day option to purchase u
10-Q - Wetouch Technology Inc. (0001826660) (Filer)
10-Q - Wetouch Technology Inc. (0001826660) (Filer)
NT 10-Q - Wetouch Technology Inc. (0001826660) (Filer)
8-K - Wetouch Technology Inc. (0001826660) (Filer)
8-K - Wetouch Technology Inc. (0001826660) (Filer)
8-K - Wetouch Technology Inc. (0001826660) (Filer)
8-K - Wetouch Technology Inc. (0001826660) (Filer)
10-Q - Wetouch Technology Inc. (0001826660) (Filer)
NT 10-Q - Wetouch Technology Inc. (0001826660) (Filer)
8-K - Wetouch Technology Inc. (0001826660) (Filer)
CHENGDU, China, March 18, 2024 /PRNewswire/ -- Wetouch Technology Inc.(NASDAQ:WETH), a pioneering force in the global touch display industry, is proud to announce its latest milestone in establishing a robust international footprint. Through relentless dedication to innovation and customer satisfaction, Wetouch has solidified its position as a trusted provider of high-quality touch display solutions worldwide. Building on its esteemed reputation and unwavering commitment to excellence, Wetouch has forged a strategic collaboration with IDEC Corporation, a distinguished leader in automation equipment based in Japan. IDEC's dedication to creating solutions that bridge the gap between people an