Fortune Valley Treasures, Inc. (FVTI)

Fortune Valley Treasures Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	4.24	9.23	8.02	5.01	0.28
Revenue Growth (YoY)	-54.12%	15.11%	60.25%	1718.80%	187.14%
Cost of Revenue	2.29	4.59	3.66	1.67	0.22
Gross Profit	1.95	4.64	4.36	3.33	0.06
Selling, General & Admin	5.66	4.75	2.18	0.9	0.44
Other Operating Expenses	0.02	0.01	0.05	-0	0
Operating Expenses	5.66	4.75	2.18	0.89	0.44
Operating Income	-3.71	-0.1	2.18	2.27	-0.38
Interest Income	0	0	0	0	0
Interest Expense	0.04	0.03	0.02	0.01	0
Other Expense / Income	0.2	1.84	0.13	5.6	-0
Pretax Income	-4.17	-1.97	2.21	-3.34	-0.38
Income Tax	0.1	0.19	0.25	0.31	0
Net Income	-4.05	-2.16	1.78	-3.65	-0.38
Shares Outstanding (Basic)	16	16	16	15	15
Shares Outstanding (Diluted)	16	16	16	15	15
Shares Change	-	-	1.72%	0.02%	-
EPS (Basic)	-0.26	-0.14	0.11	-0.24	-0.02
EPS (Diluted)	-0.26	-0.14	0.11	-0.24	-0.02
Free Cash Flow	-0.18	-0	-0.6	1.17	-0.17
Free Cash Flow Per Share	-0.01	-0.00	-0.04	0.08	-0.01
Gross Margin	45.96%	50.26%	54.38%	66.57%	21.44%
Operating Margin	-87.62%	-1.03%	27.14%	45.32%	-138.20%
Profit Margin	-95.52%	-23.36%	22.19%	-72.86%	-137.26%
Free Cash Flow Margin	-4.35%	-0.03%	-7.51%	23.38%	-63.09%
Effective Tax Rate	-	-	11.25%	-	-
EBITDA	-3.47	0.76	3.1	2.55	-0.36
EBITDA Margin	-81.87%	8.20%	38.64%	50.97%	-131.30%
Depreciation & Amortization	0.24	0.85	0.87	0.28	0.02
EBIT	-3.71	-0.1	2.23	2.27	-0.38
EBIT Margin	-87.62%	-1.03%	27.80%	45.32%	-137.22%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.