See more : HAGA S/A Indústria e Comércio (HAGA3.SA) Income Statement Analysis – Financial Results
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 |
Cars In The U.S. Are Being Rapidly Electrified, But What About Heavy Machinery? Greenland Technologies May Have the Solution
EAST WINDSOR, NJ / ACCESSWIRE / July 10, 2023 / The transition to electric vehicles (EVs) has been picking up speed in the past few years. EV car sales have grown as a percentage of total car sales, almost doubling...
As Electrification Market Passes $74 Billion, Has Greenland Technologies (NASDAQ: GTEC) Found A Niche In The Green Energy Market?
EAST WINDSOR, NJ / ACCESSWIRE / July 7, 2023 / Countries around the world are ramping up their investments in green energy , with the US leading innovation to help reach net zero emissions. Greenland Technologies Holding Corporation (NASDAQ:GTEC) has...
Greenland Technologies Holding Corp CEO Raymond Wang Buys 66,500 Shares
On May 22, 2023, Raymond Wang, CEO of Greenland Technologies Holding Corp ( GTEC , Financial), purchased 66,500 shares of the company's stock. This move is significant as it demonstrates the CEO's confidence in the company's future prospects and performance.
Greenland Technologies Holding Corporation (GTEC) Q1 2023 Earnings Call Transcript
Greenland Technologies Holding Corporation (NASDAQ:GTEC ) Q1 2023 Results Conference Call May 19, 2023 8:00 AM ET Company Participants Raymond Wang - Chief Executive Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Rommel Dionisio - Aegis Capital Graham...
Greenland Technologies Holding Corporation (GTEC) Surpasses Q1 Earnings and Revenue Estimates
Greenland Technologies Holding Corporation (GTEC) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of a loss of $0.09 per share. This compares to earnings of $0.16 per share a year ago.
Greenland Technologies Holding Corporation (GTEC) Reports Q4 Loss, Lags Revenue Estimates
Greenland Technologies Holding Corporation (GTEC) delivered earnings and revenue surprises of -300% and 23.46%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Greenland to Present at Sequire Technology Investor Conference
EAST WINDSOR, N.J. , Nov. 28, 2022 /PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced that it...
Greenland Technologies Holding Corporation (GTEC) Q3 2022 Earnings Call Transcript
Greenland Technologies Holding Corporation (NASDAQ:GTEC ) Q3 2022 Earnings Conference Call November 9, 2022 8:00 AM ET Company Participants Julia Qian - Managing Director, Blueshirt Group Asia Raymond Wang - Chief Executive Officer Jing Jin - Chief Financial Officer Conference...
Greenland Technologies Holding Corporation (GTEC) Q3 Earnings and Revenues Lag Estimates
Greenland Technologies Holding Corporation (GTEC) delivered earnings and revenue surprises of -23.08% and 23.55%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Greenland Technologies Reports Third Quarter 2022 Unaudited Financial Results
- 3Q22 Net Income Increases 67% Compared to 3Q21 EAST WINDSOR, N.J. , Nov. 9, 2022 /PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems...
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