Ostin Technology Group Co., Ltd. (OST)
Ostin Technology Group Co., Ltd., a company based in China, specializes in the creation and production of sophisticated thin-film transistor liquid crystal display (TFT-LCD) modules, along with essential polarizers. Its extensive product portfolio encompasses comprehensive TFT-LCD solutions, covering critical components such as drive ICs, TCON boards, and power supplies. Additionally, Ostin manufactures advanced backlight systems, specialized display modules, liquid crystal display units, interactive touch panel modules, and intelligent display terminals. The polarizers it produces are integral to these TFT-LCD display units. These versatile display modules find application across a wide array of sectors. In consumer electronics, they are integral to devices like all-in-one PCs, desktop monitors, laptops, and tablets. The automotive industry utilizes Ostin's displays for critical components such as dashboards, navigation systems, and in-car multimedia interfaces. Furthermore, their durable outdoor LCD displays are deployed for dynamic multimedia graphics, including commercial advertisements, promotional content, sports scoreboards, and traffic advisories. Sales channels include direct engagements with end-users as well as distribution through system integrators designated by its clientele. Established in 2010, Ostin Technology Group Co., Ltd. is headquartered in Nanjing, China, and operates its manufacturing facilities within the country.
Sector: Electronic Components, NEC
Industry: Hardware, Equipment & Parts
Trading halted (T12)Halted since Sep 12, 2025. The price shown is frozen at the last trade before the halt and resumes updating when trading resumes.
Ostin Technology Group Co., Ltd.
NASDAQ:OSTTechnology · Hardware, Equipment & Parts
Mkt Cap$10.11M
Float5.91M
O/S5.96M
Inst Own1.0%
SI3.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$39.68M
Net Income-$10.02M
Total Assets$53.25M
Free Cash Flow-$7.12M
Debt & Equity
Debt 79%
Equity 21%
Total Debt$25.64M
Total Equity$7M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:250Over cap
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:25Reverse splitAug 5, 202525 shares → 1
- 1:10Reverse splitDec 31, 202410 shares → 1
Balance Sheet Details
Assets$53.25M
Liabilities$42.29M
Accounts Receivable$4.18M
Accounts Payable$8.07M
Inventory$8.02M
PP&E (Net)$29.68M
Goodwill$0
Intangible Assets$3.58M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 |
| Revenue | $39.68M | $32.46M | $57.53M | $105.42M | $167.74M | $140.07M | $46.58M | $61.46M |
| YoY Growth | 22.2% | -43.6% | -45.4% | -37.2% | 19.8% | 200.7% | -24.2% | - |
| Cost of Revenue | $37.14M | $30.78M | $55.47M | $92.8M | $150.39M | $128.49M | $42.61M | $56.98M |
| Gross Profit | $2.54M | $1.69M | $2.05M | $12.61M | $17.36M | $11.58M | $3.98M | $4.48M |
| Gross Margin | 6.4% | 5.2% | 3.6% | 12.0% | 10.3% | 8.3% | 8.5% | 7.3% |
| Research and Development | $2.53M | $1.7M | $2.78M | $2.52M | $5.71M | $2.83M | $882K | $1.53M |
| Selling, General, and Administrative | $9.21M | $9.62M | $9.72M | $10.44M | $8.96M | $5.3M | $2.22M | $1.83M |
| Other | -$131K | -$101K | -$195K | -$796K | -$528K | $0 | $0 | $0 |
| Total Operating Expenses | $11.62M | $11.22M | $12.31M | $12.16M | $14.14M | $8.12M | $3.1M | $3.36M |
| Operating Income (EBIT) | -$9.08M | -$9.53M | -$10.26M | $450K | $3.22M | $3.46M | $871K | $1.12M |
| Operating Margin | -22.9% | -29.4% | -17.8% | 0.4% | 1.9% | 2.5% | 1.9% | 1.8% |
| Interest Expense | $1.59M | $1.65M | $1.27M | $1.29M | $1.11M | $688K | $632K | $425K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$1.22M | -$637K | -$531K | -$11K | $21K | -$756K | -$107K | -$760K |
| Income Before Tax (EBT) | -$10.3M | -$10.17M | -$10.79M | $439K | $3.24M | $2.7M | $764K | $362K |
| Income Tax Expense | $16K | $23K | $227K | $327K | -$57K | -$127K | -$2K | -$169K |
| Net Income | -$10.02M | -$10.06M | -$10.95M | $199K | $3.1M | $2.71M | $758K | $495K |
| Net Income Margin | -25.2% | -31.0% | -19.0% | 0.2% | 1.8% | 1.9% | 1.6% | 0.8% |
| Supplementary Data | ||||||||
| EPS | -4.38 | -168.50 | -1955.00 | 1062.50 | 14347.50 | 50.00 | 14.02 | 9.18 |
| Diluted EPS | -4.38 | -168.50 | -195.00 | 1062.50 | 14347.50 | 50.00 | 14.02 | 9.18 |
| Weighted Average OS | 2.29M | 59,750 | 56,025 | 47,093 | 54,000 | 54,000 | 54,000 | 54,000 |
| EBITDA | -$5.32M | -$4.21M | -$6.47M | $2.31M | $4.93M | $4.89M | $1.54M | $1.27M |
| EBITDA Margin | -13.4% | -13.0% | -11.3% | 2.2% | 2.9% | 3.5% | 3.3% | 2.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $5.07M | $1.02M | $855K | $3.66M | $684K | $5.34M | $1.34M | $1.48M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $5.07M | $1.02M | $855K | $3.66M | $684K | $5.34M | $1.34M | $1.48M |
| Accounts Receivable | $4.18M | $5.96M | $7.13M | $6.36M | $26.98M | $12.9M | $3.8M | $3.94M |
| Inventory | $8.02M | $13.55M | $15.93M | $21.53M | $25.99M | $26.5M | $17.73M | $10.34M |
| Other Current Assets | $1.1M | -$718K | $303K | $151K | -$882K | $18K | $1.13M | $238K |
| Total Current Assets | $18.37M | $20.84M | $24.44M | $31.91M | $54.19M | $45.29M | $24.58M | $16M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $29.68M | $24.52M | $25.2M | $19.42M | $19.47M | $14.95M | $11.35M | $5.92M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $3.58M | $4.26M | $6.46M | $4.25M | $1.62M | $1.81M | $613K | $0 |
| Long-Term Investments | $310K | $0 | $206K | $211K | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $376K |
| Other Long-Term Assets | $1.3M | $1.45M | $248K | $1.44M | $673K | $882K | $544K | $368K |
| Total Long-Term Assets | $34.87M | $30.23M | $32.11M | $25.33M | $21.77M | $17.64M | $12.51M | $6.67M |
| Other Assets | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $53.25M | $51.07M | $56.55M | $57.23M | $75.97M | $62.93M | $37.09M | $22.67M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $8.07M | $6.34M | $10.8M | $6.28M | $17.62M | $23.24M | $11.81M | $5.36M |
| Short-Term Debt | $23.25M | $30.86M | $26.92M | $21.92M | $32.42M | $16.05M | $14.09M | $9.32M |
| Current Income Tax Payable | $0 | $49K | $54K | $251K | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $1.29M | $0 | $0 | $0 | $5.69M | $0 | $0 | $1.32M |
| Other Current Liabilities | $6.94M | $3.39M | $2.3M | $2.89M | -$2.63M | $11.63M | $2.58M | $1.49M |
| Total Current Liabilities | $39.74M | $40.96M | $40.53M | $31.56M | $60.57M | $50.97M | $29.4M | $17.5M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $2.39M | $1.71M | $1.64M | $0 | $194K | $454K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $163K | $517K | $272K | $53K | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $2.55M | $2.23M | $1.93M | $53K | $200K | $701K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $42.29M | $43.19M | $42.46M | $31.61M | $60.76M | $51.67M | $29.4M | $17.5M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $150K | $2K | $1K | $1K | $1K | $1K | $1K | $4K |
| Retained Earnings | -$28.54M | -$17.03M | -$6.97M | $3.98M | $3.78M | $683K | -$2.03M | -$3.09M |
| Comprehensive Income & Other | -$731K | -$2.24M | -$2.33M | -$1.9M | -$316K | -$566K | -$972K | -$647K |
| Other Stockholders' Equity | $35.39M | $22.22M | $20.92M | $21.35M | $10.54M | $9.92M | $9.29M | $7.89M |
| Total Equity | $7M | $5.19M | $13.96M | $25.34M | $14.32M | $10.6M | $7.25M | $4.8M |
| Minority Interest | $3.96M | $2.69M | $130K | $289K | $879K | $659K | $435K | $363K |
| Total Liabilities and Equity | $49.29M | $48.38M | $56.42M | $56.94M | $75.09M | $62.27M | $36.66M | $22.31M |
| Supplementary Data | ||||||||
| Total Debt | $25.64M | $32.66M | $28.68M | $22.01M | $32.81M | $16.8M | $14.09M | $9.32M |
| Net Debt | $20.56M | $31.63M | $27.83M | $18.36M | $32.13M | $11.46M | $12.74M | $7.84M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 |
| Operating Activities | ||||||||
| Net Income | -$10.02M | -$10.06M | -$10.95M | $199K | $3.1M | $2.71M | $758K | $495K |
| Depreciation & Amortization | $3.39M | $4.78M | $3.2M | $2.66M | $2.24M | $1.43M | $669K | $483K |
| Deferred Income Tax | -$5K | $0 | $617K | $107K | $209K | -$300K | -$190K | -$378K |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $199K | $1.81M | -$399K | $18.47M | -$13.03M | -$8.6M | -$251K | -$3.41M |
| Inventory | $4.7M | $2.55M | $4.91M | $1.93M | $819K | -$7.88M | -$8.1M | -$2.19M |
| Accounts Payable | $1.8M | -$4.18M | $260K | -$10.51M | -$6.78M | $11.54M | $5.83M | $947K |
| Other Working Capital | $63K | -$490K | -$309K | -$2.47M | -$5.44M | $7.96M | $1.01M | $1.83M |
| Total Working Capital Change | $6.76M | -$302K | $4.46M | $7.43M | -$24.44M | $3.02M | -$1.52M | -$2.83M |
| Other Non-Cash Items | -$46K | $644K | $75K | -$693K | $1.23M | $868K | $402K | $806K |
| Net Cash from Operating | $85K | -$4.94M | -$2.59M | $9.7M | -$17.66M | $7.72M | $123K | -$1.42M |
| Investing Activities | ||||||||
| Capital Expenditures | -$7.5M | -$2.44M | -$7.5M | -$8.18M | -$6.22M | -$5.18M | -$6.82M | -$3.57M |
| Acquisitions | $213K | $502K | $510K | $1.52M | $1.02M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$211K | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $541K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$7.29M | -$1.39M | -$6.99M | -$6.88M | -$5.2M | -$5.18M | -$6.82M | -$3.57M |
| Financing Activities | ||||||||
| Debt Repaid | $1.42M | -$1.52M | -$1.7M | $873K | -$94K | - | - | - |
| Common Stock Issuance | $12.64M | $3.46M | $0 | $12.41M | $0 | $98K | $1.48M | $3.44M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.33M |
| Other Financing Activities | $543K | $1.22M | $2.37M | -$2.5M | $2.21M | $0 | $0 | $0 |
| Net Cash from Financing | $10.95M | $6.75M | $7.72M | $12K | $18.56M | $210K | $7.51M | $6.2M |
| Forex Effect | -$9K | -$230K | -$788K | $291K | -$379K | $133K | $179K | $278K |
| Net Change in Cash | $3.74M | $182K | -$2.65M | $3.12M | -$4.68M | $2.89M | $987K | $1.48M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $85K | -$4.94M | -$2.59M | $9.7M | -$17.66M | $7.72M | $123K | -$1.42M |
| Capital Expenditure | -$7.2M | -$2.42M | -$4.48M | -$5.12M | -$6.21M | -$3.7M | -$6.44M | -$3.47M |
| Free Cash Flow | -$7.12M | -$7.36M | -$7.08M | $4.58M | -$23.88M | $4.02M | -$6.32M | -$4.89M |
| Cash at Beginning | $1.34M | $1.16M | $3.81M | $684K | $5.36M | $2.47M | $1.48M | $0 |
| Cash at End | $5.07M | $1.34M | $1.16M | $3.81M | $684K | $5.36M | $2.47M | $1.48M |