FST Ltd. reported a 27 percent increase in revenue for fiscal year 2024, reaching $36.5 million compared to $28.7 million in fiscal 2023. The revenue growth was primarily driven by a rise in golf shaft sales, which grew by 27 percent to $35.3 million, attributed to enhanced brand awareness from the opening of the KBS Taipei Flagship Store and the expansion of high-end product lines. Additionally, revenue from a new software distributor service contributed $248,688 in 2024, with no such revenue in 2023. Sales of sports accessories, food, and beverage also saw a modest increase of 3 percent to $935,593. Despite the revenue growth, the company reported a net loss of $3.2 million for fiscal 2024, a 49 percent increase compared to the net loss of $2.2 million in fiscal 2023. The increase in net loss was largely due to a 36 percent rise in the cost of revenue, alongside increases in general and administrative expenses, selling expenses, income tax expense, and interest expense. However, these were partially offset by a 17 percent rise in gross profit and a 341 percent increase in other income. The weighted average number of ordinary shares was 37.7 million for 2024, compared to 46.2 million for 2023. FST's CEO, David Chuang, highlighted the successful introduction of high-end product lines and the positive impact of multiple wins on the PGA and LIV tours in 2024, which boosted visibility among retail customers and major golf club manufacturers. The company anticipates significant improvement in selling and general and administrative expenses for 2025.