Ridgetech, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $2.9M
- Price
- $0.8108
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.63%
- Volume
- 29.2K
About
Ridgetech, Inc. operates as a wholesale distributor of pharmaceutical and other healthcare products in the People's Republic of China. It operates through three segments: Retail Drugstores, Online Pharmacy, and Drug Wholesale. The company engages in offline and online wholesale distribution of pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, traditional Chinese medicines (TCM), personal and family care products, and medical devices, as well as convenience products comprising consumable, seasonal, and promotional items. It also distributes other healthcare products, such as health food, cosmetics, and daily necessities. The company was formerly known as China Jo-Jo Drugstores, Inc. and changed its name to Ridgetech, Inc. in February 2024. Ridgetech, Inc. is headquartered in Hangzhou, China.
Quick stats
Shares outstanding3.6M
Computed float789.1K
Float / shares21.7%
Key info
SectorHealthcare
IndustryMedical - Distribution
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001856084
Websitehttps://www.ridgetch.com
AI Summary
AI-generated1/2
standardmixedearnings
Ridgetech, Inc. Reports Fiscal Year 2026 Financial Results
Ridgetech reported fiscal 2026 revenue of $132.16 million, a 10.2% increase from the prior year, driven by the full-year contribution from the acquired online platform Allright.
While gross profit rose 23.8% and margins expanded to 3.6%, operating losses widened to $1.87 million due to increased sales and marketing expenses related to the business transition.
The company posted a net loss of $1.25 million, or $(17.21) per share, compared to net income in the prior year, and noted a 1-for-150 reverse stock split effective April 2026.
Red flags
- Operating loss widened to $1.87 million from $1.04 million
- Net income swung to a loss of $1.25 million
- 1-for-150 reverse stock split effective April 2026 signals listing compliance concerns
- Delayed customer repayments led to discontinuation of certain credit sales