WeTouch Technologies Secures Nasdaq Extension, Eyes Undervalued Stock for Repurchase

WeTouch Technologies has received a Nasdaq extension to file financial reports until October 13, 2025. The company holds $105 million in cash, equating to $8.90 per share. WeTouch is considering a share repurchase under its existing buyback program, citing its stock as undervalued. The company remains financially robust and optimistic about its future performance.

WeTouch Technologies Inc. (Nasdaq: WETH) has received a Nasdaq extension to file its delayed Form 10-K and Form 10-Q reports, with a deadline set for October 13, 2025 [1]. The company remains profitable and well-funded, with approximately $105 million in cash as of the last reported quarter [1].

WeTouch's Chief Executive Officer, Mr. Zongyi Lian, expressed confidence in the company's ability to meet the compliance deadline and emphasized the company's strong financial position. "Our operations remain strong and stable, and we continue to generate profits while maintaining a healthy financial position," said Mr. Lian [1]. The company held approximately $105 million in cash, equating to $8.90 per share as of the quarter ended September 30, 2024 [1].

WeTouch believes its stock is undervalued relative to its financial position and business prospects. The company is actively evaluating share repurchase activity under its existing buyback plan [1]. This move aims to enhance shareholder value and align with the company's commitment to its Nasdaq listing.

About WeTouch Technology Inc.
WeTouch Technology Inc. is a leading provider of high-quality touch display solutions, committed to revolutionizing human-machine interaction across various industries. With a focus on innovation and customer satisfaction, WeTouch delivers cutting-edge technology and unmatched performance in touch display solutions worldwide [1].

References:
[1] https://www.morningstar.com/news/accesswire/1043681msn/wetouch-technologies-inc-receives-nasdaq-extension-to-file-financial-reports