WLGS
Income statement / Annual
Last year (2023), WANG & LEE GROUP, Inc.'s total revenue was $6.83 M,
an increase of 63.69% from the previous year.
In 2023, WANG & LEE GROUP, Inc.'s net income was -$648,854.00.
See WANG & LEE GROUP, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$6.83 M
|
$4.17 M
|
$4.14 M
|
$4.07 M
|
$4.67 M
|
| Cost of Revenue |
$4.39 M |
$3.38 M |
$3.28 M |
$3.34 M |
$3.83 M |
| Gross Profit |
$2.44 M |
$785,704.00 |
$859,760.00 |
$735,165.00 |
$843,735.00 |
| Gross Profit Ratio |
0.36 |
0.19 |
0.21 |
0.18 |
0.18 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$3.21 M
|
$1.43 M
|
$1.22 M
|
$592,539.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$3.21 M
|
$1.43 M
|
$1.22 M
|
$592,539.00
|
$692,464.00
|
| Other Expenses |
$0.00 |
$79,948.00 |
$19,428.00 |
$190,165.00 |
$0.00 |
| Operating Expenses |
$3.21 M |
$1.43 M |
$1.22 M |
$592,539.00 |
$692,464.00 |
| Cost And Expenses |
$7.60 M |
$4.81 M |
$4.50 M |
$3.93 M |
$4.52 M |
| Interest Income |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$61,564.00 |
$35,377.00 |
$13,312.00 |
$49,229.00 |
$76,820.00 |
| Depreciation &
Amortization |
$32,413.00
|
$2,603.00
|
$466.88
|
$6,196.00
|
$17,173.00
|
| EBITDA |
-$554,877.00
|
-$558,899.00
|
-$337,802.00
|
$338,992.00
|
$168,904.00
|
| EBITDA Ratio |
-0.08 |
-0.13 |
-0.08 |
0.08 |
0.04 |
| Operating Income Ratio
|
-0.11
|
-0.15
|
-0.09
|
0.04
|
0.03
|
| Total Other
Income/Expenses Net |
$122,236.00
|
$44,571.00
|
$6,116.00
|
$140,936.00
|
-$76,357.00
|
| Income Before Tax |
-$648,854.00 |
-$596,881.00 |
-$354,743.00 |
$283,562.00 |
$74,914.00 |
| Income Before Tax Ratio
|
-0.1
|
-0.14
|
-0.09
|
0.07
|
0.02
|
| Income Tax Expense |
$245,364.00 |
$115,325.00 |
$32,740.00 |
$5,544.00 |
$4,408.00 |
| Net Income |
-$648,854.00 |
-$596,881.00 |
-$354,743.00 |
$278,018.00 |
$70,506.00 |
| Net Income Ratio |
-0.1 |
-0.14 |
-0.09 |
0.07 |
0.02 |
| EPS |
-0.043 |
-0.0398 |
-0.0236 |
0.0185 |
0.0053 |
| EPS Diluted |
-0.043 |
-0.0398 |
-0.0236 |
0.0185 |
0.0053 |
| Weighted Average Shares
Out |
$15.09 M
|
$15.00 M
|
$15.00 M
|
$15.00 M
|
$13.40 M
|
| Weighted Average Shares
Out Diluted |
$15.09 M
|
$15.00 M
|
$15.00 M
|
$15.00 M
|
$13.40 M
|
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