MMTec, Inc. (MTC) Income Statement Analysis

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Complete financial analysis of MMTec, Inc. (MTC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MMTec, Inc., a leading company in the Software – Application industry within the Technology sector.

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MMTec, Inc. (MTC)

Industry: Software - Application

Sector: Technology

Website: https://www.haisc.com

About MMTec, Inc.

MMTec, Inc., together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. The company operates in two segments, Gujia, MM Future, MMBD Advisory and HC Securities; and MM Global. It offers Internet-based securities solutions comprising Securities Dealers Trading System, which supports securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web applications. The company enables its customers to white label its trading interface, as well as select modular functionalities. It serves hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms. The company was founded in 2015 and is headquartered in Beijing, the People's Republic of China.

Metric	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	869.94K	1.10M	653.04K	742.13K	200.80K	26.88K	0.00	0.00
Cost of Revenue	172.95K	231.08K	141.30K	7.41K	90.89K	16.31K	702.99K	514.47K
Gross Profit	696.99K	868.05K	511.73K	734.72K	109.91K	10.57K	-702.99K	-514.47K
Gross Profit Ratio	80.12%	78.98%	78.36%	99.00%	54.74%	39.33%	0.00%	0.00%
Research & Development	0.00	828.87K	744.42K	410.84K	737.33K	828.37K	513.58K	327.19K
General & Administrative	4.64M	5.65M	6.14M	3.67M	2.66M	2.17M	918.60K	666.03K
Selling & Marketing	901.32K	1.01M	303.08K	244.16K	389.75K	171.02K	0.00	0.00
SG&A	5.54M	6.66M	6.44M	3.92M	3.05M	2.34M	918.60K	666.03K
Other Expenses	0.00	6.37K	54.77K	53.65K	-724.80K	-1.02K	-1.56K	3.01K
Operating Expenses	5.54M	6.66M	6.44M	3.92M	2.33M	2.34M	918.60K	666.03K
Cost & Expenses	5.71M	6.89M	6.59M	3.93M	2.42M	2.35M	918.60K	666.03K
Interest Income	209.44K	94.37K	1.66K	30.48K	37.37K	483.00	957.00	1.81K
Interest Expense	746.41K	0.00	0.00	0.00	0.00	12.00	0.00	0.00
Depreciation & Amortization	45.78K	66.43K	40.13K	54.58K	25.84K	27.31K	20.97K	14.01K
EBITDA	-4.24M	-5.85M	-6.44M	-3.13M	-2.91M	-2.30M	-897.63K	-652.02K
EBITDA Ratio	-487.92%	-525.20%	-722.63%	-416.58%	-1,104.19%	-8,788.94%	0.00%	0.00%
Operating Income	-4.84M	-5.79M	-5.93M	-3.18M	-2.22M	-2.33M	-918.60K	-666.03K
Operating Income Ratio	-556.40%	-527.02%	-908.55%	-429.06%	-1,103.59%	-8,658.36%	0.00%	0.00%
Total Other Income/Expenses	448.36K	247.24K	-501.02K	2.56K	697.54K	-21.46K	-598.00	4.82K
Income Before Tax	-4.39M	-5.65M	-7.05M	-3.18M	-2.24M	-2.35M	-919.20K	-661.21K
Income Before Tax Ratio	-504.86%	-513.62%	-1,079.69%	-428.71%	-1,117.17%	-8,738.20%	0.00%	0.00%
Income Tax Expense	0.00	-193.74K	1.17M	7.54K	-64.41K	-21.45K	-957.00	-1.81K
Net Income	48.96M	-5.45M	-8.22M	-3.19M	-2.18M	-2.35M	-919.20K	-661.21K
Net Income Ratio	5,627.79%	-495.99%	-1,259.21%	-429.73%	-1,085.09%	-8,738.20%	0.00%	0.00%
EPS	0.47	-1.56	-3.36	-1.56	-1.09	-0.59	-0.17	-0.12
EPS Diluted	0.47	-1.56	-3.36	-1.56	-1.09	-0.59	-0.17	-0.12
Weighted Avg Shares Out	105.24M	3.50M	2.45M	2.04M	2.00M	3.96M	5.40M	5.40M
Weighted Avg Shares Out (Dil)	105.24M	3.50M	2.45M	2.04M	2.00M	3.96M	5.40M	5.40M

MMTEC, Inc. Announces 2020 Year-End Financial Results

April 23, 2021prnewswire.com

BEIJING, April 23, 2021 /PRNewswire/ -- MMTEC, Inc. (NASDAQ: MTC) ("MMTEC", "we", "our" or the "Company"), a China based technology company that provides access to the U.S. financial markets, today announced its financial results for the year ended December 31,...