WORK Medical Technology Group Ltd. Class A

WOK

Medical - Specialties · Healthcare

Price

$2.12

+0.05 (+2.42%)

Market Cap

$5.1M

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 9, 2026 · filings through Sep 30, 2025

Share count rising — dilution

+131.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 125K (2021) → 290K (2025)

WORK Medical Technology Group Ltd. is a China-based medical technology company that develops and sells medical devices and related healthcare products. Its offerings are aimed at hospitals, clinics, and other healthcare providers, placing it in the broader medical specialties industry alongside other device makers serving the Chinese healthcare market.

The company earns revenue primarily through the sale of its medical devices and equipment. It operates mainly in China, which is both its largest opportunity and a key source of risk, given regulatory complexity and intense local competition. With a market cap near zero and a negative operating margin of around 25%, the company is currently spending more than it earns, meaning it is not yet profitable. The main challenge ahead is scaling revenue fast enough to cover its operating costs, while navigating China's tightly regulated medical device approval process and competing against larger, better-funded domestic and international rivals.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-14.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+63.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$435,311/ year

↑ Rising (+44% vs prior year)

4.4% of revenue

Below sector average (18%)

R&D investment increasing — building for the future

Insider Activity

99.6%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$4M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

WORK Medical Technology Group Ltd. Class A's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

14.8%

Thin — 14.8% gross margin

Operating Margin

-17.5%

Losing money on operations — -17.5%

ROCE

-3.8%

Weak — -3.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-14.4%

Shrinking sales (-14.4% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

1/4 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

49.9%

Converts sales into free cash efficiently (49.9%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity

0.35

Conservative — low debt load (0.35)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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