Hitek Global Inc. (HKIT) Financials

$1.51

$0.01 (0.66%)
Last update: 04:00 PM EST
Day's range
$1.49
Day's range
$1.51
$8M$8M$6M$6M$4M$4M$2M$2M$0$0-$2M-$2MEarning2018201820192019202020202021202120222022202320232024202460%60%40%40%20%20%0%0%-20%-20%-40%-40%Profit Margin
Profit Margin
Revenue
Earnings

HKIT Income statement / Annual

Last year (2024), Hitek Global Inc.'s total revenue was $2.90 M, a decrease of 36.35% from the previous year. In 2024, Hitek Global Inc.'s net income was -$896.69 K. See Hitek Global Inc.,s key income statements, including revenue, expenses, profit, and income.

Period FY-2024 FY-2023 FY-2022 FY-2021 FY-2020 FY-2019 FY-2018 FY-2017 FY-2016
Period Ended 12/31/2024 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 $2.90 M $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 $1.90 M $2.64 M $2.89 M $2.58 M $2.63 M $3.19 M $3.04 M $3.21 M $5.07 M
Gross Profit $1.01 M $1.92 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 0.35 0.42 0.55 0.6 0.55 0.54 0.56 0.53 0.26
Research and Development Expenses $0.00 $38.22 K $42.05 K $43.66 K $35.90 K $25.32 K $26.83 K $24.16 K $23.91 K
General & Administrative Expenses $2.75 M $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 $1.72 K $648.00 $437.19 K $76.48 K $2.01 K $330.56 K $2.40 K $32.26 K $98.42 K
Selling, General & Administrative Expenses $2.75 M $1.82 M $1.91 M $1.78 M $1.42 M $1.55 M $1.07 M $1.08 M $1.39 M
Other Expenses $0.00 $0.00 -$9.84 K -$6.88 K -$101.97 K -$50.63 K -$33.52 K -$37.22 K $0.00
Operating Expenses $2.75 M $1.82 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 $4.65 M $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 $921.23 K $911.88 K $545.56 K $101.19 K $102.18 K $98.41 K $0.00 $0.00 $5.17 K
Interest Expense $313.94 K $313.86 K $285.35 K $0.00 $0.00 $4.84 K $4.68 K $4.02 K $0.00
Depreciation & Amortization $259.55 K $53.83 K $21.88 K $355.74 K $378.59 K $379.86 K $75.50 K $30.78 K $31.58 K
EBITDA -$283.45 K $1.96 M $1.65 M $2.46 M $2.13 M $2.57 M $2.88 M $2.63 M $444.78 K
EBITDA Ratio -0.1 0.43 0.26 0.38 0.37 0.37 0.42 0.38 0.06
Operating Income Ratio -0.6 0.02 0.25 0.33 0.3 0.32 0.41 0.38 0.06
Total Other Income/Expenses Net $890.20 K $1.49 M $241.75 K $108.68 K $204.33 K $166.12 K -$112.41 K $36.12 K $72.12 K
Income Before Tax -$856.94 K $1.59 M $1.87 M $2.21 M $1.96 M $2.36 M $2.69 M $2.63 M $485.32 K
Income Before Tax Ratio -0.29 0.35 0.29 0.34 0.34 0.34 0.39 0.38 0.07
Income Tax Expense $39.75 K $546.89 K $453.22 K $542.85 K $269.24 K $339.18 K $472.70 K $498.61 K $105.30 K
Net Income -$896.69 K $1.05 M $1.42 M $1.67 M $1.69 M $2.02 M $2.22 M $2.14 M $380.02 K
Net Income Ratio -0.31 0.23 0.22 0.26 0.29 0.29 0.32 0.31 0.06
EPS -0.04 0.079 0.13 0.11 0.11 0.13 0.15 0.15 0.0244
EPS Diluted -0.0623 0.079 0.13 0.11 0.15 0.13 0.15 0.14 0.0244
Weighted Average Shares Out $14.39 M $13.26 M $10.99 M $14.99 M $10.99 M $15.59 M $14.99 M $14.19 M $15.59 M
Weighted Average Shares Out Diluted $14.39 M $13.26 M $10.99 M $14.99 M $10.99 M $15.59 M $14.99 M $10.99 M $15.59 M
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