WORK Medical Technology Group Class A
Manufacturer of disposable anesthesia, respiratory, and airway-management medical consumables.
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Profile
Produces disposable anesthesia, respiratory, and airway-management consumables through Chinese subsidiaries, selling own-brand, OEM, and resale products to healthcare customers and distributors. The Cayman parent depends on a single production operation and PRC regulatory permissions.
Manufactures and distributes disposable anesthesia, respiratory, airway-management, and other medical consumables through Chinese subsidiaries, with Hangzhou Shanyou serving as its only production site. The portfolio includes breathing circuits, laryngeal mask airways, endotracheal tubes, oxygen and anesthesia masks, tourniquets, and related accessories, sold under its own brands, on an OEM basis, or through resale.
Sales reach hospitals, pharmacies, and medical institutions directly and through domestic and export distributors. China remains the economic center, though products reach more than 30 countries. The group combines product design, manufacturing, customization, cost positioning, and distribution reach, and has obtained Chinese manufacturing approval for a blood-cell morphology analyzer.
The Cayman parent relies on PRC operating subsidiaries, which generate all consolidated revenue, and on licenses, registrations, quality compliance, its sole manufacturing operation, and distributor purchase orders that generally lack long-term commitments.
Company facts
Key statistics
Year to date −99.0% · Average volume (30d) 395.4K
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
| 7 quarters | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.6M | $5.3M | $6.2M | $4.5M | $5.3M | $5.4M | |
| Gross profit | $242.9K | $1.5M | $1.3M | $1.6M | $782.6K | $530.3K | |
| Operating income | −$1.5M | −$507.7K | −$3.5M | −$1.6M | −$929.7K | −$3.5M | |
| Net income | −$1.4M | $226.5K | −$3.7M | $13.2K | −$1.1M | −$3.4M | |
| Diluted EPS | −$11.00 | $1.81 | −$29.00 | $0.09 | −$10.48 | −$197.76 | |
| Gross margin | 5.3% | 29.1% | 21.4% | 34.4% | 14.8% | 9.8% | |
| Operating margin | -33.4% | -9.6% | -57.1% | -34.5% | -17.5% | -65.3% |
Balance sheet, Mar 31, 2026Cash & short-term investments $3.3M · Total debt $6.6M · Total assets $48.3M · Shareholders' equity $30.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 2.42M · Float 10.0K · 0.4% free float
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Teleflex
Direct airway rival across endotracheal tubes, LMAs, and anesthesia disposables.
- ICU Medical
Disposable anesthesia circuits and airway consumables target the same hospitals.
- Five Point
Hospital respiratory circuits, masks, and humidification serve acute care.
- Medtronic
Shiley airway devices and DAR breathing systems overlap in hospital care.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| WORK Medical Technology Group Class A | $2.28 | −1.72% | $5.6M | — | — | 0.5 | — |
| Teleflex | $139.67 | −0.01% | $6.18B | — | 15.2 | 2.4 | −27.0% |
| ICU Medical | $175.10 | +0.01% | $4.38B | 148.4 | 19.7 | 2.0 | −0.2% |
| Five Point | $5.11 | −0.10% | $363.3M | 14.7 | — | 3.1 | +86.0% |
| Medtronic | $91.58 | +0.42% | $116.78B | 24.5 | 15.3 | 3.2 | +9.9% |
| Median | 24.5 | 15.3 | 2.7 | +4.8% |







