Kandal M Venture H1 Revenue Jumps 21%, Gross Profit Up 45%
FMFC sits 36% above its 52-week low of $4.204.
Summary
Kandal M Venture reported H1 FY2027 revenue of $9.56M, up 20.9% year over year, with gross profit climbing 45.3% to $2.15M as gross margin expanded 3.8 percentage points to 22.5%. Operating income surged 183% to $538K, driven by a 30%+ improvement in output per hour from new machinery and a KPI-based incentive program. The results follow the company's 1-for-40 reverse split that took effect October 13, which cut shares outstanding to roughly 1.1 million and lifted the stock to $5.71. Management cited a broader Asian and European customer base and expanded manufacturing across Cambodia and the Philippines as drivers of the margin gains. The company expects to furnish its unaudited interim financial statements on Form 6-K in or about January 2027.
At the time of this announcement, FMFC was trading at $5.71 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2.7M. The 52-week trading range was $4.20 to $435.84. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.