Tungray Technologies Inc (TRSG)

Tungray Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020
Revenue	14.36	16.33	17.47	9.51
Revenue Growth (YoY)	-12.07%	-6.49%	83.73%	-
Cost of Revenue	7.63	7.14	8.4	4.92
Gross Profit	6.74	9.2	9.07	4.59
Selling, General & Admin	4.82	5.15	3.71	2.7
Research & Development	0.79	0.83	0.67	0.31
Operating Expenses	5.61	5.98	4.38	3.01
Operating Income	1.12	3.21	4.69	1.58
Interest Expense / Income	0.16	0.04	0.19	0.3
Other Expense / Income	-0.46	-0.23	-0.32	-0.25
Pretax Income	1.42	3.41	4.82	1.54
Income Tax	0.5	0.52	0.71	0.31
Net Income	0.92	2.89	4.11	1.22
Net Income Growth	-68.35%	-29.62%	236.06%	-
Shares Outstanding (Basic)	15	15	15	15
Shares Outstanding (Diluted)	15	15	15	15
EPS (Basic)	0.06	0.19	0.27	0.08
EPS (Diluted)	0.06	0.19	0.27	0.08
EPS Growth	-68.42%	-29.63%	237.50%	-
Free Cash Flow	0.41	3.49	5.78	1.14
Free Cash Flow Per Share	0.03	0.23	0.39	0.08
Gross Margin	46.90%	56.30%	51.91%	48.27%
Operating Margin	7.83%	19.67%	26.85%	16.60%
Profit Margin	6.37%	17.71%	23.53%	12.86%
Free Cash Flow Margin	2.84%	21.38%	33.09%	11.96%
Effective Tax Rate	35.52%	15.17%	14.67%	20.43%
EBITDA	1.97	3.8	5.56	2.11
EBITDA Margin	13.70%	23.29%	31.83%	22.23%
Depreciation & Amortization	0.39	0.36	0.55	0.28
EBIT	1.58	3.45	5.01	1.83
EBIT Margin	11.00%	21.09%	28.66%	19.27%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).