See more : Advanced Merger Partners, Inc. (AMPI-WT) Income Statement Analysis – Financial Results
Complete financial analysis of Hitek Global Inc. (HKIT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Hitek Global Inc., a leading company in the Software – Application industry within the Technology sector.
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Hitek Global Inc. (HKIT)
About Hitek Global Inc.
Hitek Global Inc. provides information technology (IT) consulting and solutions to business in various industry sectors in China. It offers services to small and medium businesses, which consist of anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells hardware to large businesses, such as laptops, printers, desktop computers and related accessories, as well as Internet servers, cameras, and monitors. Hitek Global Inc. was founded in 1996 and is headquartered in Xiamen, China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.56M | 6.43M | 6.46M | 5.80M | 6.93M | 6.92M | 6.89M | 6.90M |
| Cost of Revenue | 2.64M | 2.89M | 2.58M | 2.63M | 3.19M | 3.04M | 3.21M | 5.07M |
| Gross Profit | 1.92M | 3.54M | 3.88M | 3.17M | 3.75M | 3.88M | 3.68M | 1.83M |
| Gross Profit Ratio | 42.10% | 55.02% | 60.05% | 54.63% | 54.01% | 56.05% | 53.43% | 26.49% |
| Research & Development | 38.22K | 42.05K | 43.66K | 35.90K | 25.32K | 26.83K | 24.16K | 23.91K |
| General & Administrative | 1.82M | 1.47M | 1.70M | 1.42M | 1.22M | 1.07M | 1.05M | 1.23M |
| Selling & Marketing | 648.00 | 437.19K | 76.48K | 2.01K | 330.56K | 2.40K | 32.26K | 98.42K |
| SG&A | 1.82M | 1.91M | 1.78M | 1.42M | 1.55M | 1.07M | 1.08M | 1.39M |
| Other Expenses | 0.00 | -9.84K | -6.88K | -101.97K | -50.63K | -33.52K | -37.22K | 0.00 |
| Operating Expenses | 1.82M | 1.90M | 1.77M | 1.32M | 1.50M | 1.04M | 1.04M | 1.41M |
| Cost & Expenses | 4.46M | 4.79M | 4.35M | 3.95M | 4.69M | 4.08M | 4.25M | 6.48M |
| Interest Income | 911.88K | 250.17K | 101.19K | 102.18K | 98.41K | 0.00 | 0.00 | 5.17K |
| Interest Expense | 313.86K | 285.35K | 0.00 | 0.00 | 4.84K | 4.68K | 4.02K | 0.00 |
| Depreciation & Amortization | 53.83K | 21.88K | 355.74K | 378.59K | 379.86K | 75.50K | 30.78K | 31.58K |
| EBITDA | 1.96M | 1.65M | 2.46M | 2.13M | 2.57M | 2.88M | 2.63M | 444.78K |
| EBITDA Ratio | 43.00% | 26.11% | 36.57% | 36.78% | 38.07% | 42.13% | 38.70% | 6.45% |
| Operating Income | 101.06K | 1.63M | 2.10M | 1.75M | 2.19M | 2.80M | 2.60M | 413.20K |
| Operating Income Ratio | 2.21% | 25.31% | 32.56% | 30.21% | 31.61% | 40.56% | 37.72% | 5.99% |
| Total Other Income/Expenses | 1.49M | 241.75K | 108.68K | 204.33K | 166.12K | -112.41K | 36.12K | 72.12K |
| Income Before Tax | 1.59M | 1.87M | 2.21M | 1.96M | 2.36M | 2.69M | 2.63M | 485.32K |
| Income Before Tax Ratio | 34.94% | 29.07% | 34.24% | 33.73% | 34.01% | 38.93% | 38.24% | 7.04% |
| Income Tax Expense | 546.89K | 453.22K | 542.85K | 269.24K | 339.18K | 472.70K | 498.61K | 105.30K |
| Net Income | 1.05M | 1.42M | 1.67M | 1.69M | 2.02M | 2.22M | 2.14M | 380.02K |
| Net Income Ratio | 22.96% | 22.02% | 25.84% | 29.09% | 29.12% | 32.09% | 31.00% | 5.51% |
| EPS | 0.08 | 0.13 | 0.11 | 0.11 | 0.13 | 0.15 | 0.15 | 0.02 |
| EPS Diluted | 0.08 | 0.13 | 0.11 | 0.11 | 0.13 | 0.15 | 0.14 | 0.02 |
| Weighted Avg Shares Out | 13.26M | 10.99M | 14.99M | 15.59M | 15.59M | 14.99M | 14.19M | 15.59M |
| Weighted Avg Shares Out (Dil) | 13.26M | 10.99M | 14.99M | 15.59M | 15.59M | 14.99M | 14.99M | 15.59M |
Hitek Global Inc. Announces First Half of Fiscal Year 2024 Financial Results
XIAMEN, China , Oct. 28, 2024 /PRNewswire/ -- Hitek Global Inc. (Nasdaq: HKIT) (the "Company"), a China-based information technology consulting and solutions service provider, today announced its unaudited financial results for the six months ended June 30, 2024. Ms. Xiaoyang...
Hitek Global Inc. Announces Fiscal Year 2023 Financial Results
XIAMEN, China , April 9, 2024 /PRNewswire/ -- Hitek Global Inc. (Nasdaq: HKIT) (the "Company"), a China-based information technology consulting and solutions service provider, today announced its financial results for the fiscal year ended December 31, 2023. Ms. Xiaoyang Huang,...
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XIAMEN, China , Nov. 7, 2023 /PRNewswire/ -- Hitek Global Inc. (Nasdaq: HKIT) (the "Company"), a China-based information technology consulting and solutions service provider, today announced its unaudited financial results for the six months ended June 30, 2023. Ms. Xiaoyang...
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Source: https://incomestatements.info
Category: Stock Reports