HUHUTECH International Group Inc. (HUHU)

HUHU Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	17.49	16.73	11.37	10.16	4.48
Revenue Growth (YoY)	33.03%	47.11%	11.99%	126.45%	-
Cost of Revenue	11.76	11.32	7.82	7.09	2.39
Gross Profit	5.73	5.41	3.55	3.06	2.09
Selling, General & Admin	2.29	1.91	1.42	0.96	0.52
Research & Development	1.39	1.34	1.21	0.68	0.18
Operating Expenses	3.68	3.25	2.64	1.64	0.7
Operating Income	2.05	2.16	0.91	1.42	1.4
Interest Expense	-0.08	-0.07	-0.05	-0.04	-0.02
Interest & Investment Income	0	0.01	0	0.01	0
Other Non Operating Income (Expenses)	-0.06	0.49	0.1	0.22	0
Pretax Income	1.91	2.59	0.96	1.62	1.38
Income Tax Expense	0.27	0.26	0.03	0.25	0.32
Net Income	1.65	2.33	0.93	1.37	1.06
Net Income to Common	1.65	2.33	0.93	1.37	1.06
Net Income Growth	13.14%	150.92%	-32.07%	28.61%	-
Shares Outstanding (Basic)	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20
EPS (Basic)	0.08	0.12	0.05	0.07	0.05
EPS (Diluted)	0.08	0.12	0.05	0.07	0.05
EPS Growth	13.14%	150.92%	-32.07%	28.61%	-
Free Cash Flow	-0.53	1.84	-0.23	-0.49	-0.65
Free Cash Flow Per Share	-0.03	0.09	-0.01	-0.02	-0.03
Gross Margin	32.74%	32.34%	31.21%	30.15%	46.67%
Operating Margin	11.71%	12.92%	8.02%	14.02%	31.11%
Profit Margin	9.41%	13.95%	8.18%	13.48%	23.73%
Free Cash Flow Margin	-3.00%	11.02%	-2.07%	-4.83%	-14.44%
EBITDA	2.4	2.38	1.05	1.53	1.43
EBITDA Margin	13.73%	14.20%	9.24%	15.03%	31.82%
D&A For EBITDA	0.35	0.21	0.14	0.1	0.03
EBIT	2.05	2.16	0.91	1.42	1.4
EBIT Margin	11.71%	12.92%	8.02%	14.02%	31.11%
Effective Tax Rate	14.01%	9.87%	3.56%	15.58%	22.90%

Source: S&P Capital IQ. Standard template. Financial Sources.