ModuLink Inc. Annual Report - How They Did This Year

I’ve put together this guide to help you understand ModuLink’s performance this year. My goal is to turn complex filing data into plain English so you can decide if this company fits your investment goals.

1. What does this company do?

ModuLink specializes in "Modular Integrated Construction." Think of it like building homes in a factory—similar to high-tech Lego sets—before shipping them to a construction site. Their main products are prefabricated steel-frame homes. They also include "smart" tech, such as air-to-water generators and sensors for home security and elderly care. By building off-site, they aim to finish projects 40% faster than traditional construction.

2. Financial performance: Are they making money?

The company is still in the startup phase. Revenue hit $1.28 million in 2025, up 213% from $409,000 in 2024. However, they rely heavily on just two clients, who provided 99% of their 2025 revenue.

The company is currently burning cash, reporting a loss of $845,000 for the year. They owe over $132,000 in past-due debt, which is currently in default, and are surviving on $450,000 in short-term loans from their own executives. The company expects it will take at least two years to generate enough cash to pay off these loans.

3. Major wins and changes

2025 was a year of total transformation. On March 15, 2025, the company completed a "reverse merger," where a public shell company acquired the business. A new leadership team, led by Chairman Anthony Tam, now controls 68% of the voting power. This structure concentrates power among a few insiders. They are also moving into distributing electric vehicle chargers in Hong Kong and the U.K., though this won't bring in revenue until late 2026.

4. Future outlook: What’s the plan?

The company is betting on "Live Smart, Live Green" communities. Their roadmap includes:

• Australia: They built a $350,000 "showcase" home in Melbourne and plan to start projects in New South Wales and Victoria within 12 months, focusing on affordable housing for the elderly.
• North America & Europe: They are in early talks to expand here, though these are long-term goals for the next 24 months that require significant regulatory approval.
• The Funding Requirement: The company needs at least $2.2 million in new funding by June 30, 2026, to launch their Australian projects.

5. Key risks: What could hurt the stock price?

• Funding Uncertainty: The company’s future depends on raising $2.2 million. Without this, they lack the cash to operate beyond the next six months.
• The "Cash Trap": Because they operate in Hong Kong and China, the government could restrict their ability to move cash to the U.S. parent company.
• Geopolitical Risk: They rely on Chinese factories for all their building modules. If trade relations sour or tariffs rise, their costs will spike, which would pressure their already thin profit margins.
• No Dividends: The company plans to keep all earnings for growth. Investors should expect the company to issue more shares to raise the $2.2 million they need, which will dilute existing ownership.

Final Thought for Investors: ModuLink is currently a high-risk, early-stage venture. When deciding if this is right for your portfolio, consider whether you are comfortable with a company that is currently in default, relies on only two customers, and faces a critical funding deadline in mid-2026.