Work Medical posts 19.1% revenue rise in six months to March 31, 2026, citing higher mask orders and China VBP-driven device volumes
WOK•Margins compress and loss widens
Gross margin fell to 19.1% from 34.4% as lower-margin masks grew as a share of sales and procurement pricing compressed device profitability.
Net loss widened to $3.46 million; cash and cash equivalents declined to about $3.25 million from about $4.09 million.
Revenue rises on device volume and mask demand
Work Medical Technology Group posted revenue of $5.4 million for the six months ended March 31, 2026, up 19.1%.
Growth was driven by higher medical device sales volume tied to centralized procurement, offset by lower pricing pressure on margins.
Mask revenue rose 38% on higher demand and preferential pricing that lifted order volumes, despite a broader post-pandemic market downturn.
