Huadi International Group Co., Ltd. (HUDI)

HUDI Income Statement

Financials in millions USD. Fiscal year is October - September.

Year	2023	2022	2021	2020	2019	2018
Revenue	84.33	76.37	70.25	59.14	65.52	60.39
Revenue Growth (YoY)	10.43%	8.71%	18.79%	-9.74%	8.50%	-
Cost of Revenue	71.98	65.23	58.93	48.47	50.9	47.14
Gross Profit	12.36	11.14	11.32	10.66	14.62	13.24
Selling, General & Admin	7.34	6.45	6.68	3.94	4.47	3.34
Research & Development	2.55	2.33	2.06	2.12	1.78	1.45
Other Operating Expenses	0	0	0	0	0	0.26
Operating Expenses	9.89	8.78	8.74	6.06	6.24	5.05
Operating Income	2.47	2.35	2.58	4.61	8.38	8.2
Interest Expense / Income	0.3	1.63	2.06	2.16	2.15	2.08
Other Expense / Income	-1.31	-1.37	-1.92	-1.1	-0.17	-0.42
Pretax Income	3.48	2.1	2.44	3.54	6.4	6.53
Income Tax	0.22	0.17	-0.09	0.22	1.01	1.34
Net Income	3.26	1.92	2.53	3.32	5.39	5.2
Net Income Growth	69.30%	-23.99%	-23.81%	-38.38%	3.77%	-
Shares Outstanding (Basic)	14	13	12	10	10	10
Shares Outstanding (Diluted)	14	13	12	10	10	10
Shares Change	6.88%	9.18%	21.16%	-	-	-
EPS (Basic)	0.23	0.15	0.21	0.34	0.54	0.52
EPS (Diluted)	0.23	0.15	0.21	0.34	0.54	0.52
EPS Growth	53.33%	-28.57%	-38.24%	-37.04%	3.85%	-
Free Cash Flow	-6.04	7.82	-6.55	3.26	1.43	0.68
Free Cash Flow Per Share	-0.43	0.59	-0.54	0.33	0.14	0.07
Gross Margin	14.65%	14.58%	16.11%	18.03%	22.32%	21.93%
Operating Margin	2.92%	3.08%	3.67%	7.79%	12.79%	13.58%
Profit Margin	3.86%	2.52%	3.60%	5.62%	8.23%	8.60%
Free Cash Flow Margin	-7.16%	10.24%	-9.32%	5.52%	2.19%	1.13%
Effective Tax Rate	6.35%	8.25%	-3.64%	6.18%	15.71%	20.47%
EBITDA	4.49	4.55	5.27	6.46	9.19	9.34
EBITDA Margin	5.33%	5.96%	7.50%	10.92%	14.03%	15.47%
Depreciation & Amortization	0.72	0.82	0.77	0.75	0.65	0.73
EBIT	3.77	3.73	4.5	5.7	8.55	8.62
EBIT Margin	4.48%	4.88%	6.41%	9.65%	13.04%	14.27%

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).