See more : Arad Ltd. (ARD.TA) Income Statement Analysis – Financial Results
Complete financial analysis of Tian Ruixiang Holdings Ltd (TIRX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Tian Ruixiang Holdings Ltd, a leading company in the Insurance – Brokers industry within the Financial Services sector.
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Tian Ruixiang Holdings Ltd (TIRX)
About Tian Ruixiang Holdings Ltd
Tian Ruixiang Holdings Ltd, together its subsidiaries, operates as an insurance broker in China and the United States. The company distributes a range of insurance products, including property and casualty insurance, such as automobile insurance, commercial property insurance, liability insurance, and accidental insurance; and life insurance comprising individual and group life insurances. It serves individual or institutional customers. Tian Ruixiang Holdings Ltd was founded in 2010 and is headquartered in Beijing, China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 1.24M | 1.35M | 2.79M | 3.25M | 2.00M | 3.09M | 1.53M |
| Cost of Revenue | 460.79K | 2.69M | 948.90K | 743.06K | 651.49K | 0.00 | 137.05K |
| Gross Profit | 783.46K | -1.34M | 1.84M | 2.51M | 1.35M | 3.09M | 1.39M |
| Gross Profit Ratio | 62.97% | -99.11% | 66.00% | 77.13% | 67.46% | 100.00% | 91.05% |
| Research & Development | 0.00 | -3.45 | -0.69 | 0.23 | 0.21 | 0.48 | 0.74 |
| General & Administrative | 1.36M | 4.53M | 2.53M | 1.13M | 1.10M | 595.08K | 338.44K |
| Selling & Marketing | 2.44M | 1.76M | 2.52M | 1.56M | 797.57K | 1.03M | 76.97K |
| SG&A | 3.80M | 6.30M | 5.04M | 2.69M | 1.90M | 1.63M | 415.41K |
| Other Expenses | 0.00 | -26.04K | 19.41K | 8.99K | 54.99K | 36.38K | 6.61K |
| Operating Expenses | 3.80M | 6.30M | 5.04M | 2.69M | 1.90M | 1.63M | 415.41K |
| Cost & Expenses | 4.26M | 6.30M | 5.04M | 2.69M | 1.90M | 1.63M | 415.41K |
| Interest Income | 731.96K | 434.41K | 315.07K | 191.02K | 275.17K | 13.92K | 7.02K |
| Interest Expense | 0.00 | 434.41K | 725.00 | 0.00 | 18.83K | 22.89K | 0.00 |
| Depreciation & Amortization | 79.76K | 208.27K | 255.11K | 227.54K | 34.71K | 30.30K | 10.94K |
| EBITDA | -2.94M | -4.74M | -2.00M | 787.68K | 137.38K | 1.49M | 1.13M |
| EBITDA Ratio | -236.01% | -341.25% | -59.64% | 30.40% | 23.35% | 49.87% | 74.48% |
| Operating Income | -3.02M | -5.07M | -2.25M | 760.16K | 432.83K | 1.46M | 1.12M |
| Operating Income Ratio | -242.42% | -374.94% | -80.76% | 23.39% | 21.62% | 47.26% | 72.87% |
| Total Other Income/Expenses | 723.68K | 408.36K | 333.76K | 200.01K | 311.33K | 27.41K | 15.76K |
| Income Before Tax | -2.29M | -4.66M | -1.92M | 760.16K | 414.00K | 1.49M | 1.13M |
| Income Before Tax Ratio | -184.26% | -344.74% | -68.80% | 23.39% | 20.68% | 48.15% | 73.90% |
| Income Tax Expense | 161.34K | 23.64K | 24.53K | 126.06K | 238.21K | 365.19K | 168.25K |
| Net Income | -2.45M | -4.68M | -1.94M | 634.10K | 175.79K | 1.12M | 963.32K |
| Net Income Ratio | -197.23% | -346.49% | -69.68% | 19.51% | 8.78% | 36.32% | 62.91% |
| EPS | -3.87 | -9.06 | -5.65 | 3.17 | 0.88 | 5.61 | 4.82 |
| EPS Diluted | -3.87 | -9.03 | -5.65 | 3.15 | 0.88 | 5.61 | 4.82 |
| Weighted Avg Shares Out | 633.34K | 517.00K | 344.00K | 201.00K | 200.00K | 200.00K | 199.00K |
| Weighted Avg Shares Out (Dil) | 633.34K | 518.66K | 344.43K | 200.00K | 200.00K | 200.00K | 200.00K |
TIAN RUIXIANG Holdings Ltd Reports Financial Results for the Half Year Ended April 30, 2024
BEIJING, Aug. 16, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced its financial results for the half year ended April 30,...
TIAN RUIXIANG Holdings Ltd Regains Compliance with Nasdaq's Periodic Filing Requirement
BEIJING, July 23, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that the Company received a written notification from the Nasdaq...
TIAN RUIXIANG Holdings Ltd Reports Financial Results for Fiscal Year Ended October 31, 2023
BEIJING, July 17, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced its financial results for the fiscal year ended October 31,...
TIAN RUIXIANG Holdings Ltd Regains Compliance with Nasdaq Minimum Bid Price Requirement and Receives an Extension on Compliance with Nasdaq Filing Requirement
BEIJING, June 03, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that the Company received a written notification (the "Notification Letter")...
TIAN RUIXIANG Holdings Ltd. Announces 1-for-5 Share Consolidation
BEIJING, May 08, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that the Company held an extraordinary general meeting of shareholders on Monday, May 6, 2024,...
Why Is Tian Ruixiang (TIRX) Stock Up 209% Today?
Tian Ruixiang (NASDAQ: TIRX ) stock is rocketing higher on Thursday after announcing plans for an extraordinary general shareholders meeting. Tian Ruixiang will be holding this special shareholder meeting on May 6.
TIAN RUIXIANG Holdings Ltd Receives Notification of Non-compliance from Nasdaq Relating to Late Filing of Annual Report on Form 20-F
BEIJING, March 25, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that on March 20, 2024, it received a notice of...
TIAN RUIXIANG Holdings Ltd's Subsidiary Enters into Sale and Purchase Agreement for Licensed Insurance Broker in Hong Kong
BEIJING, Feb. 14, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that TRX HongKong Investment Limited (“TRX HongKong”), a wholly-owned subsidiary...
TIAN RUIXIANG Holdings Ltd Enters into Memorandum of Understanding to Acquire Licensed Insurance Broker in Hong Kong
BEIJING, Jan. 08, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that TRX HongKong Investment Limited (“TRX HongKong”), a wholly-owned subsidiary...
TIAN RUIXIANG Holdings Ltd Receives Nasdaq Notice of Deficiency Regarding Minimum Bid Price Requirement
BEIJING, Dec. 05, 2023 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that on November 30, 2023, it received a written notice (the "Notice") from the...
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