HKIT
Income statement / Annual
Last year (2023), Hitek Global Inc.'s total revenue was $4.56 M,
a decrease of 29.01% from the previous year.
In 2023, Hitek Global Inc.'s net income was $1.05 M.
See Hitek Global Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$4.56 M
|
$6.43 M
|
$6.46 M
|
$5.80 M
|
$6.93 M
|
$6.92 M
|
$6.89 M
|
$6.90 M
|
| Cost of Revenue |
$2.70 M |
$2.89 M |
$2.58 M |
$2.63 M |
$3.19 M |
$3.04 M |
$3.21 M |
$5.07 M |
| Gross Profit |
$1.87 M |
$3.54 M |
$3.88 M |
$3.17 M |
$3.75 M |
$3.88 M |
$3.68 M |
$1.83 M |
| Gross Profit Ratio |
0.41 |
0.55 |
0.6 |
0.55 |
0.54 |
0.56 |
0.53 |
0.26 |
| Research and Development
Expenses |
$38,221.00
|
$42,052.00
|
$43,661.00
|
$35,904.00
|
$25,322.00
|
$26,833.00
|
$24,162.00
|
$23,911.00
|
| General & Administrative
Expenses |
$1.82 M
|
$1.47 M
|
$1.70 M
|
$1.42 M
|
$1.22 M
|
$1.07 M
|
$1.05 M
|
$1.23 M
|
| Selling & Marketing
Expenses |
$648.00
|
$437,185.00
|
$76,477.00
|
$2,012.00
|
$330,556.00
|
$2,396.00
|
$32,262.00
|
$98,422.00
|
| Selling, General &
Administrative Expenses |
$1.73 M
|
$1.91 M
|
$1.78 M
|
$1.42 M
|
$1.55 M
|
$1.07 M
|
$1.08 M
|
$1.39 M
|
| Other Expenses |
-$5,029.00 |
-$9,838.00 |
-$6,883.00 |
-$101,965.00 |
-$50,629.00 |
-$33,517.00 |
-$37,221.00 |
$0.00 |
| Operating Expenses |
$1.77 M |
$1.90 M |
$1.77 M |
$1.32 M |
$1.50 M |
$1.04 M |
$1.04 M |
$1.41 M |
| Cost And Expenses |
$4.46 M |
$4.79 M |
$4.35 M |
$3.95 M |
$4.69 M |
$4.08 M |
$4.25 M |
$6.48 M |
| Interest Income |
$911,875.00 |
$250,172.00 |
$101,185.00 |
$102,181.00 |
$98,405.00 |
$0.00 |
$0.00 |
$5,173.00 |
| Interest Expense |
$313,861.00 |
-$241,753.00 |
$0.00 |
$0.00 |
$4,839.00 |
$4,676.00 |
$4,024.00 |
$0.00 |
| Depreciation &
Amortization |
$53,829.00
|
$21,881.00
|
$355,738.00
|
$378,594.00
|
$379,864.00
|
$75,501.00
|
$30,776.00
|
$31,582.00
|
| EBITDA |
$154,890.00
|
$1.68 M
|
$2.36 M
|
$2.13 M
|
$2.64 M
|
$2.91 M
|
$2.67 M
|
$444,780.00
|
| EBITDA Ratio |
0.03 |
0.26 |
0.37 |
0.37 |
0.38 |
0.42 |
0.39 |
0.06 |
| Operating Income Ratio
|
0.02
|
0.25
|
0.33
|
0.3
|
0.32
|
0.41
|
0.38
|
0.06
|
| Total Other
Income/Expenses Net |
$1.49 M
|
$241,753.00
|
$108,676.00
|
$204,325.00
|
$166,122.00
|
-$141,254.00
|
$2,927.00
|
$72,119.00
|
| Income Before Tax |
$1.59 M |
$1.87 M |
$2.21 M |
$1.96 M |
$2.36 M |
$2.69 M |
$2.63 M |
$485,319.00 |
| Income Before Tax Ratio
|
0.35
|
0.29
|
0.34
|
0.34
|
0.34
|
0.39
|
0.38
|
0.07
|
| Income Tax Expense |
$546,885.00 |
$453,218.00 |
$542,853.00 |
$269,242.00 |
$339,178.00 |
$472,695.00 |
$498,608.00 |
$105,298.00 |
| Net Income |
$1.05 M |
$1.42 M |
$1.67 M |
$1.69 M |
$2.02 M |
$2.22 M |
$2.14 M |
$380,021.00 |
| Net Income Ratio |
0.23 |
0.22 |
0.26 |
0.29 |
0.29 |
0.32 |
0.31 |
0.06 |
| EPS |
0.079 |
0.13 |
0.11 |
0.11 |
0.13 |
0.15 |
0.15 |
0.0244 |
| EPS Diluted |
0.079 |
0.13 |
0.11 |
0.11 |
0.13 |
0.15 |
0.14 |
0.0244 |
| Weighted Average Shares
Out |
$13.26 M
|
$10.99 M
|
$14.99 M
|
$15.59 M
|
$15.59 M
|
$14.99 M
|
$14.19 M
|
$15.59 M
|
| Weighted Average Shares
Out Diluted |
$13.26 M
|
$10.99 M
|
$14.99 M
|
$15.59 M
|
$15.59 M
|
$14.99 M
|
$14.99 M
|
$15.59 M
|
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