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Complete financial analysis of United Time Technology Co., Ltd. (UTME) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of United Time Technology Co., Ltd., a leading company in the Consumer Electronics industry within the Technology sector.
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United Time Technology Co., Ltd. (UTME)
About United Time Technology Co., Ltd.
United Time Technology Co., Ltd., through its subsidiaries, designs, develops, manufactures, and sells mobile phones, accessories, and related consumer electronics. It also offers consumer electronics, such as power banks, Bluetooth speakers, batteries, chargers, and cell phone parts, molds, and shells; and distributes face masks. In addition, the company provides electronics manufacturing services, including original equipment manufacturer and original design manufacturer services. It sells its products under the UTime and Do brand names in South America, South Asia, Southeast Asia, and Africa. The company was incorporated in 2008 and is headquartered in Shenzhen, China. United Time Technology Co., Ltd. was a former subsidiary of Nollec Wireless Company, Ltd.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 200.55M | 275.51M | 246.90M | 193.09M | 238.10M | 376.90M | 737.86M |
| Cost of Revenue | 170.48M | 261.72M | 228.73M | 173.74M | 213.10M | 347.86M | 682.96M |
| Gross Profit | 30.07M | 13.79M | 18.17M | 19.35M | 25.00M | 29.04M | 54.90M |
| Gross Profit Ratio | 14.99% | 5.00% | 7.36% | 10.02% | 10.50% | 7.70% | 7.44% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 110.41M | 39.50M | 25.70M | 29.55M | 27.43M | 29.09M | 33.72M |
| Selling & Marketing | 7.39M | 5.46M | 4.13M | 9.51M | 14.45M | 16.28M | 14.78M |
| SG&A | 117.80M | 44.96M | 29.82M | 39.06M | 41.88M | 45.36M | 48.50M |
| Other Expenses | -79.00K | -109.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 117.21M | 45.51M | 28.16M | 38.74M | 39.51M | 51.59M | 48.05M |
| Cost & Expenses | 287.69M | 307.24M | 256.89M | 212.47M | 252.61M | 399.46M | 731.01M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 6.15M | 4.88M | 2.46M | 1.75M | 1.48M | 779.00K | 1.04M |
| Depreciation & Amortization | 5.79M | 4.33M | 3.95M | 4.03M | 3.19M | 1.58M | 1.59M |
| EBITDA | -81.43M | -27.50M | -6.87M | -15.36M | -11.32M | -20.98M | 8.44M |
| EBITDA Ratio | -40.60% | -9.98% | -2.78% | -7.95% | -4.75% | -5.57% | 1.14% |
| Operating Income | -84.04M | -34.50M | -14.53M | -19.71M | -9.97M | -30.50M | 9.51M |
| Operating Income Ratio | -41.91% | -12.52% | -5.88% | -10.21% | -4.19% | -8.09% | 1.29% |
| Total Other Income/Expenses | -6.15M | -4.88M | -2.46M | -1.75M | -1.48M | -779.00K | -1.04M |
| Income Before Tax | -90.19M | -39.38M | -16.99M | -21.45M | -11.45M | -31.28M | 8.48M |
| Income Before Tax Ratio | -44.97% | -14.29% | -6.88% | -11.11% | -4.81% | -8.30% | 1.15% |
| Income Tax Expense | -171.00K | -46.00K | -364.00K | 247.00K | 498.00K | 106.00K | 1.95M |
| Net Income | -87.62M | -38.83M | -16.63M | -21.70M | -10.90M | -18.14M | 3.34M |
| Net Income Ratio | -43.69% | -14.10% | -6.73% | -11.24% | -4.58% | -4.81% | 0.45% |
| EPS | -10.73 | -4.76 | -2.01 | -2.62 | -1.32 | -2.19 | 0.40 |
| EPS Diluted | -10.73 | -4.76 | -2.01 | -2.62 | -1.32 | -2.19 | 0.40 |
| Weighted Avg Shares Out | 8.16M | 8.16M | 8.27M | 8.27M | 8.27M | 8.27M | 8.27M |
| Weighted Avg Shares Out (Dil) | 8.16M | 8.16M | 8.27M | 8.27M | 8.27M | 8.27M | 8.27M |
UTime Limited Received Nasdaq Notification Letter Regarding Bid Price Deficiency
NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging...
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NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging...
UTime Limited Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging...
UTime Limited Receives 180-day Extension from Nasdaq to Meet Minimum Bid Price Rule
NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: UTME), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging...
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SHENZHEN, China, Sept. 15, 2023 (GLOBE NEWSWIRE) -- United Time Technology Co. Ltd, an entity controlled via contractual agreement by UTime Ltd. (NASDAQ:WTO; the "Company" or “WTO”) signed a strategic partnership agreement on September 12, 2023 to design, assemble and...
UTime Limited Announces Nasdaq Ticker Symbol Change to WTO
SHENZHEN, China, Aug. 28, 2023 (GLOBE NEWSWIRE) -- UTime Limited (NASDAQ: UTME; the "Company" or “UTME”) announced that the Company will be changing its ticker symbol from "UTME" to "WTO”. Effective on Tuesday September 5, 2023, the Company's ordinary shares...
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UTime Announces Plans to Build Smart Telecom Device Production Base in Nanning, China
NEW YORK, Oct. 6, 2021 /PRNewswire/ -- UTime Limited ("UTime" or the "Company") (Nasdaq: UTME) announced that on October 6, 2021, the People's Government of Jiangnan District in Nanning City and United Time Technology Co., Ltd. ("UTime SZ") signed an investment...
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UTime LTD. (NASDAQ:UTME) shares traded higher Friday as retail traders tried to catch the bounce following the stock's plummet Thursday. The stock saw a drop from $75 to $14 Thursday, and now traders are trying to catch the rebound.
Source: https://incomestatements.info
Category: Stock Reports