ZCMD
Income statement / Annual
Last year (2023), Zhongchao Inc.'s total revenue was $19.43 M,
an increase of 37.33% from the previous year.
In 2023, Zhongchao Inc.'s net income was -$11.34 M.
See Zhongchao 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
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
| Operating Revenue |
$19.43 M
|
$14.15 M
|
$16.30 M
|
$17.99 M
|
$14.88 M
|
$12.87 M
|
$9.82 M
|
| Cost of Revenue |
$10.92 M |
$7.79 M |
$6.86 M |
$6.12 M |
$4.66 M |
$4.46 M |
$3.97 M |
| Gross Profit |
$8.51 M |
$6.36 M |
$9.44 M |
$11.87 M |
$10.23 M |
$8.41 M |
$5.85 M |
| Gross Profit Ratio |
0.44 |
0.45 |
0.58 |
0.66 |
0.69 |
0.65 |
0.6 |
| Research and Development
Expenses |
$514,411.00
|
$411,524.00
|
$758,878.00
|
$816,553.00
|
$864,320.00
|
$1.45 M
|
$943,253.00
|
| General & Administrative
Expenses |
$6.70 M
|
$6.80 M
|
$5.86 M
|
$3.12 M
|
$2.52 M
|
$1.43 M
|
$1.14 M
|
| Selling & Marketing
Expenses |
$6.71 M
|
$2.10 M
|
$3.14 M
|
$3.44 M
|
$3.20 M
|
$2.26 M
|
$2.72 M
|
| Selling, General &
Administrative Expenses |
$13.41 M
|
$8.90 M
|
$9.00 M
|
$6.57 M
|
$5.72 M
|
$3.69 M
|
$3.85 M
|
| Other Expenses |
$7.87 M |
$262,442.00 |
$34,001.00 |
$305,566.00 |
$534,020.00 |
$37,364.00 |
$275,019.00 |
| Operating Expenses |
$21.80 M |
$9.31 M |
$9.76 M |
$7.38 M |
$6.58 M |
$5.13 M |
$4.80 M |
| Cost And Expenses |
$32.72 M |
$17.11 M |
$16.62 M |
$13.50 M |
$11.24 M |
$9.59 M |
$8.77 M |
| Interest Income |
$237,054.00 |
$142,014.00 |
$175,987.00 |
$146,965.00 |
$211,479.00 |
$191,609.00 |
$17,331.00 |
| Interest Expense |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$923,614.00
|
$730,311.00
|
$679,792.00
|
$403,008.00
|
$240,514.00
|
$28,778.00
|
$16,270.00
|
| EBITDA |
-$4.90 M
|
-$2.22 M
|
$382,236.00
|
$4.49 M
|
$3.64 M
|
$3.30 M
|
$1.06 M
|
| EBITDA Ratio |
-0.25 |
-0.16 |
0.02 |
0.27 |
0.26 |
0.26 |
0.11 |
| Operating Income Ratio
|
-0.68
|
-0.21
|
-0.02
|
0.25
|
0.24
|
0.25
|
0.11
|
| Total Other
Income/Expenses Net |
$1.31 M
|
$404,456.00
|
$209,988.00
|
$452,531.00
|
$745,499.00
|
$228,973.00
|
$292,350.00
|
| Income Before Tax |
-$11.98 M |
-$2.55 M |
-$110,753.00 |
$4.94 M |
$4.39 M |
$3.50 M |
$1.34 M |
| Income Before Tax Ratio
|
-0.62
|
-0.18
|
-0.01
|
0.27
|
0.29
|
0.27
|
0.14
|
| Income Tax Expense |
-$669,760.00 |
$272,313.00 |
-$349,418.00 |
$484,787.00 |
$387,144.00 |
$502,131.00 |
-$153,953.00 |
| Net Income |
-$11.34 M |
-$2.82 M |
$238,665.00 |
$4.46 M |
$4.05 M |
$3.02 M |
$1.53 M |
| Net Income Ratio |
-0.58 |
-0.2 |
0.01 |
0.25 |
0.27 |
0.23 |
0.16 |
| EPS |
-4.35 |
-1.09 |
0.0957 |
1.83 |
1.87 |
1.45 |
0.78 |
| EPS Diluted |
-4.35 |
-1.09 |
0.0957 |
1.83 |
1.87 |
1.45 |
0.78 |
| Weighted Average Shares
Out |
$2.60 M
|
$2.60 M
|
$2.49 M
|
$2.44 M
|
$2.16 M
|
$2.08 M
|
$1.96 M
|
| Weighted Average Shares
Out Diluted |
$2.60 M
|
$2.60 M
|
$2.49 M
|
$2.44 M
|
$2.16 M
|
$2.08 M
|
$1.96 M
|
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