FST Corp. (Nasdaq: KBSX), a manufacturer and marketer of steel and graphite golf shafts, announced its financial results for the first half of 2025. The company reported a revenue of $22.2 million, marking a 24 percent increase from $17.8 million in the first half of 2024. This growth was primarily driven by increased sales to the OEM sector. However, FST reported a net loss of $5.8 million for the first half of 2025, compared to a net income of $77,617 in the same period of the previous year. The decline in bottom-line performance was mainly due to a 40 percent increase in total operating expenses, amounting to $3.4 million, which included higher personnel costs and marketing spending, as well as $1.75 million in one-time listing-related expenses. Additionally, the company faced an OTE derivative loss of $1.9 million and a foreign exchange loss of $2.2 million. Despite these challenges, FST's gross profit margin improved to 46.0 percent from 43.4 percent in the prior-year period, thanks to sales of higher-margin products and enhanced operational efficiency. The company also reported a loss from operations of $1.5 million, compared to a loss of $644,225 in the first half of 2024. After adjusting for one-time listing expenses, FST would have shown an operating income of approximately $220,000. Looking ahead, FST expects continued sales momentum, boosted by a new product line launch in Q4. The company plans to increase its top line by expanding OEM business and distribution channels in Southeast and East Asia, as well as Europe. It also aims to enhance margins and profits through additional cost control measures.