MTC
Income statement / Annual
Last year (2023), MMTec, Inc.'s total revenue was $869,935.00,
a decrease of 20.85% from the previous year.
In 2023, MMTec, Inc.'s net income was -$4.86 M.
See MMTec, 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 |
$869,935.00
|
$1.10 M
|
$653,036.00
|
$742,125.00
|
$200,797.00
|
$26,882.00
|
$0.00
|
$0.00
|
| Cost of Revenue |
$218,730.00 |
$231,084.00 |
$141,302.00 |
$7,405.00 |
$90,890.00 |
$16,308.00 |
$702,989.00 |
$514,465.00 |
| Gross Profit |
$651,205.00 |
$868,049.00 |
$511,734.00 |
$734,720.00 |
$109,907.00 |
$10,574.00 |
-$702,989.00 |
-$514,465.00 |
| Gross Profit Ratio |
0.75 |
0.79 |
0.78 |
0.99 |
0.55 |
0.39 |
0 |
0 |
| Research and Development
Expenses |
$363,958.00
|
$828,869.00
|
$744,422.00
|
$410,840.00
|
$737,329.00
|
$828,367.00
|
$513,575.00
|
$327,189.00
|
| General & Administrative
Expenses |
$4.64 M
|
$5.65 M
|
$6.14 M
|
$3.67 M
|
$2.66 M
|
$2.17 M
|
$918,600.00
|
$666,028.00
|
| Selling & Marketing
Expenses |
$901,319.00
|
$1.01 M
|
$303,079.00
|
$244,163.00
|
$389,750.00
|
$171,016.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$5.54 M
|
$6.66 M
|
$6.44 M
|
$3.92 M
|
$3.05 M
|
$2.34 M
|
$918,600.00
|
$666,028.00
|
| Other Expenses |
-$4.94 M |
$6,366.00 |
$54,774.00 |
$53,646.00 |
-$724,795.00 |
-$1,022.00 |
-$1,555.00 |
$3,011.00 |
| Operating Expenses |
$4.94 M |
$6.66 M |
$6.44 M |
$3.92 M |
$2.33 M |
$2.34 M |
$918,600.00 |
$666,028.00 |
| Cost And Expenses |
$5.16 M |
$6.89 M |
$6.59 M |
$3.93 M |
$2.42 M |
$2.35 M |
$918,600.00 |
$666,028.00 |
| Interest Income |
$209,439.00 |
$94,372.00 |
$1,658.00 |
$30,478.00 |
$37,370.00 |
$483.00 |
$957.00 |
$1,812.00 |
| Interest Expense |
$746,410.00 |
-$147,239.00 |
$0.00 |
$0.00 |
$0.00 |
$12.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$45,782.00
|
$66,428.00
|
$40,130.00
|
$54,576.00
|
$25,839.00
|
$27,311.00
|
$20,969.00
|
$14,010.00
|
| EBITDA |
-$4.24 M
|
-$5.77 M
|
-$4.72 M
|
-$3.09 M
|
-$2.22 M
|
-$2.36 M
|
-$897,631.00
|
-$652,018.00
|
| EBITDA Ratio |
-4.88 |
-5.25 |
-7.23 |
-4.17 |
-11.04 |
-87.89 |
0 |
0 |
| Operating Income Ratio
|
-4.93
|
-5.27
|
-9.09
|
-4.29
|
-11.04
|
-86.58
|
0
|
0
|
| Total Other
Income/Expenses Net |
-$101,650.00
|
$147,239.00
|
-$1.12 M
|
$2,555.00
|
-$27,253.00
|
-$21,933.00
|
-$1,555.00
|
$3,011.00
|
| Income Before Tax |
-$4.39 M |
-$5.65 M |
-$7.05 M |
-$3.18 M |
-$2.24 M |
-$2.35 M |
-$919,198.00 |
-$661,205.00 |
| Income Before Tax Ratio
|
-5.05
|
-5.14
|
-10.8
|
-4.29
|
-11.17
|
-87.38
|
0
|
0
|
| Income Tax Expense |
$468,713.00 |
-$193,740.00 |
$1.17 M |
$7,541.00 |
-$64,407.00 |
-$21,450.00 |
-$957.00 |
-$1,812.00 |
| Net Income |
-$4.86 M |
-$5.45 M |
-$8.22 M |
-$3.19 M |
-$2.18 M |
-$2.35 M |
-$919,198.00 |
-$661,205.00 |
| Net Income Ratio |
-5.59 |
-4.96 |
-12.59 |
-4.3 |
-10.85 |
-87.38 |
0 |
0 |
| EPS |
-0.0462 |
-1.56 |
-3.36 |
-1.56 |
-1.09 |
-0.59 |
-0.17 |
-0.12 |
| EPS Diluted |
-0.0462 |
-1.56 |
-3.36 |
-1.56 |
-1.09 |
-0.59 |
-0.17 |
-0.12 |
| Weighted Average Shares
Out |
$105.25 M
|
$3.50 M
|
$2.45 M
|
$2.04 M
|
$2.00 M
|
$3.96 M
|
$5.40 M
|
$5.40 M
|
| Weighted Average Shares
Out Diluted |
$105.24 M
|
$3.50 M
|
$2.45 M
|
$2.04 M
|
$2.00 M
|
$3.96 M
|
$5.40 M
|
$5.40 M
|
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