MKDWELL Files Landvision Audited Financials: $132M Revenue, $238M Goodwill, Going Concern Warning
MKDW has more than doubled off its 52-week low of $1.71.
Summary
MKDWELL Tech filed audited Landvision financials showing $132.1M in revenue and $1.58M in profit for H1 2026, but the combined entity carries $238M in goodwill, a going concern warning, and a pro forma net loss of $4.96M.
Key Events · M&A and Partnerships · MKDW
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Landvision Audited Financials Disclosed
Landvision Technology Limited reported revenue of $132.1M and net profit of $1.58M for the six months ended June 30, 2026, with net assets of $1.92M.
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Pro Forma Combined Loss of $4.96M
The unaudited pro forma combined statement shows revenue of $133.6M but a net loss of $4.96M, with pro forma loss per share of $0.14 based on 33.8M weighted-average shares.
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Preliminary Goodwill of $238.08M
Goodwill represents substantially all consolidated assets and is subject to annual impairment testing with material potential downward adjustment risk pending purchase price allocation.
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Going Concern Warning
The combined entity has accumulated deficits of $22.58M and a working capital deficit of $5.97M, raising substantial doubt about its ability to continue as a going concern.
Analysis · MKDW · Manufacturing
This 424B3 prospectus supplement provides the first detailed financial picture of the Landvision acquisition completed in August 2026. Landvision generated $132.1M in revenue and $1.58M in net profit for the six months ended June 30, 2026, but the combined entity shows a pro forma net loss of $4.96M and carries $238.08M in preliminary goodwill — substantially all of the combined company's assets. The filing also discloses a going concern warning for the combined entity, with a working capital deficit of $5.97M and accumulated deficits of $22.58M. Lock-up arrangements restrict 86.7% of the 30M consideration shares for up to 24 months, with 4M shares free to trade immediately. The goodwill is subject to annual impairment testing and could face material downward adjustments once the purchase price allocation is finalized.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 36.4% of the 1919 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, MKDW was trading at $11.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $376.2M. The 52-week trading range was $1.71 to $12.94. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.