FST
Golf-shaft designer and manufacturer behind KBS and OEM programs.
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Profile
Designs and manufactures golf club shafts under the premium KBS brand while producing standard and economy shafts for OEM programs. Revenue combines branded wholesale, contract manufacturing, and direct sales, with operations centered in Taiwan and graphite production outsourced to a single supplier.
Designs and manufactures golf club shafts, pairing the premium KBS brand with contract production for equipment makers. Its catalog spans steel and graphite shafts for irons, wedges, putters, hybrids, drivers, and woods; KBS Golf Experience locations add custom fitting and club building in the United States, Japan, and Taiwan.
Revenue comes primarily from sales to golf brands and OEMs, distributors, sports retailers, and consumers through branded wholesale, OEM/ODM, and direct channels. Steel-shaft development and manufacturing are performed internally around its Taiwan operation, while graphite shafts come from a single Taiwanese specialist. Operations and assets are centered in Taiwan, making supply continuity and trade conditions structural dependencies.
Company facts
Categories
Key statistics
Year to date −22.3% · Average volume (30d) 12.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.01 | −$0.02 | −300.0% | $13.1M | $12.6M | −4.3% | −2.20% |
| May 5, 2026Q1 FY26 | — | $0.04 | — | $12.3M | $14.6M | +18.9% | +1.59% |
| Feb 13, 2026Q4 FY25 | −$0.01 | −$0.01 | 0.0% | $12.1M | $12.1M | 0.0% | −0.86% |
| Nov 18, 2025Q3 FY25 | — | −$0.02 | — | — | $12.6M | — | −1.35% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $10.8M | $11.4M | $12.6M | $13.2M | $14.6M | $12.6M | |
| Gross profit | $5.0M | $5.3M | $4.9M | $5.5M | $7.6M | $6.0M | |
| Operating income | −$839.8K | −$689.5K | −$946.7K | $141.7K | $2.2M | $259.9K | |
| Net income | −$2.8M | −$3.0M | −$672.8K | $5.0M | $1.9M | −$1.0M | |
| Diluted EPS | −$0.06 | −$0.07 | −$0.02 | $0.11 | $0.04 | −$0.02 | |
| Gross margin | 46.1% | 46.0% | 39.2% | 41.6% | 51.6% | 47.9% | |
| Operating margin | -7.8% | -6.0% | -7.5% | 1.1% | 14.9% | 2.1% |
Fiscal years (4-quarter sums)FY21 $38.6M · FY22 $35.2M · FY23 $28.5M · FY24 $36.5M · FY25 $48.0M
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $8.2M · Total debt $37.0M · Total assets $62.9M · Shareholders' equity $15.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 44.77M · Float 34.45M · 77.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Harraden Circle Investments, LLC | 1.64M | 3.67% | 13F | May 15, 2026 |
| UBS Group AG | 160.0K | 0.36% | 13F | May 5, 2026 |
| Geode Capital Management, LLC | 41.1K | 0.09% | 13F | May 15, 2026 |
| Citadel Advisors LLC | 11.7K | 0.03% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
Not reported.