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Complete financial analysis of Greenland Technologies Holding Corporation (GTEC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Greenland Technologies Holding Corporation, a leading company in the Industrial – Machinery industry within the Industrials sector.
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Greenland Technologies Holding Corporation (GTEC)
About Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation develops, manufactures, and sells drivetrain systems for material handling machineries and electric vehicles, and electric industrial vehicles. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. It also develops robotic cargo carriers. The company was founded in 2006 and is based in East Windsor, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 90.33M | 90.83M | 98.84M | 66.86M | 52.40M | 60.21M | 49.07M |
| Cost of Revenue | 65.76M | 71.00M | 79.25M | 54.05M | 40.02M | 46.14M | 37.21M |
| Gross Profit | 24.58M | 19.83M | 19.59M | 12.81M | 12.38M | 14.07M | 11.86M |
| Gross Profit Ratio | 27.21% | 21.84% | 19.82% | 19.16% | 23.62% | 23.37% | 24.17% |
| Research & Development | 5.42M | 5.79M | 5.53M | 2.38M | 2.36M | 2.51M | 1.84M |
| General & Administrative | 6.05M | 5.46M | 3.95M | 2.13M | 2.23M | 1.65M | 9.45M |
| Selling & Marketing | 2.32M | 2.63M | 1.87M | 1.59M | 1.19M | 1.22M | 1.42M |
| SG&A | 8.37M | 8.09M | 5.82M | 3.72M | 3.42M | 2.86M | 10.88M |
| Other Expenses | 0.00 | 1.71M | 1.38M | 1.00M | 720.61K | 576.63K | 0.00 |
| Operating Expenses | 13.80M | 13.88M | 11.34M | 6.10M | 5.77M | 5.38M | 11.79M |
| Cost & Expenses | 79.55M | 84.87M | 90.59M | 60.16M | 45.80M | 51.52M | 49.00M |
| Interest Income | 143.09K | 56.82K | 68.30K | 2.65K | 151.53K | 304.91K | 1.15M |
| Interest Expense | 250.41K | 402.97K | 587.26K | 930.63K | 1.29M | 1.55M | 0.00 |
| Depreciation & Amortization | 2.19M | 2.44M | 2.51M | 2.44M | 2.30M | 1.58M | 1.29M |
| EBITDA | -20.87M | 8.39M | 10.76M | 9.14M | 8.90M | 10.28M | 436.38K |
| EBITDA Ratio | -23.10% | 11.18% | 12.35% | 15.18% | 18.65% | 18.53% | 0.89% |
| Operating Income | 10.78M | 5.96M | 8.25M | 6.71M | 6.60M | 8.70M | -853.32K |
| Operating Income Ratio | 11.93% | 6.56% | 8.35% | 10.03% | 12.60% | 14.44% | -1.74% |
| Total Other Income/Expenses | -34.09M | -1.46M | 861.41K | 1.94M | -669.55K | -680.75K | -224.73K |
| Income Before Tax | -23.31M | 7.32M | 9.11M | 8.64M | 5.93M | 8.02M | -1.08M |
| Income Before Tax Ratio | -25.80% | 8.05% | 9.22% | 12.93% | 11.33% | 13.31% | -2.20% |
| Income Tax Expense | 1.71M | 699.69K | 1.84M | 2.27M | 847.37K | 1.39M | 2.19M |
| Net Income | -15.88M | 6.62M | 6.27M | 6.76M | 4.46M | 5.96M | -3.26M |
| Net Income Ratio | -17.58% | 7.28% | 6.34% | 10.11% | 8.52% | 9.89% | -6.65% |
| EPS | -1.20 | 0.56 | 0.58 | 0.67 | 0.56 | 0.79 | -3.26 |
| EPS Diluted | -1.20 | 0.56 | 0.58 | 0.67 | 0.56 | 0.79 | -3.26 |
| Weighted Avg Shares Out | 13.23M | 11.89M | 10.84M | 10.04M | 7.93M | 7.50M | 1.00M |
| Weighted Avg Shares Out (Dil) | 13.23M | 11.89M | 10.84M | 10.04M | 7.93M | 7.50M | 1.00M |
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