Lichen China Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	41.93	39.76	33.81	34.3	30.67	31.6
Revenue Growth (YoY)	24.86%	17.61%	-1.43%	11.83%	-2.96%	-
Cost of Revenue	16.47	15.44	13.61	13.82	11.83	12.26
Gross Profit	25.46	24.32	20.19	20.48	18.84	19.34
Selling, General & Admin	14.35	12.06	9.54	9.18	10.05	9.62
Operating Expenses	14.35	12.06	9.54	9.18	10.05	9.62
Operating Income	11.11	12.26	10.65	11.3	8.79	9.73
Interest Expense	-	-	-	-	-	-0.05
Interest & Investment Income	0.03	0.04	0.06	0.03	0.1	-
Other Non Operating Income (Expenses)	0.06	-0.71	0.03	0.19	0.11	0.05
Pretax Income	11.2	11.59	10.74	11.51	9	9.73
Income Tax Expense	3.45	3.25	2.92	3.05	2.59	2.66
Net Income	7.75	8.34	7.82	8.46	6.41	7.07
Net Income to Common	7.75	8.34	7.82	8.46	6.41	7.07
Net Income Growth	59.95%	6.65%	-7.61%	32.07%	-9.38%	-
Shares Outstanding (Basic)	28	26	23	23	23	23
Shares Outstanding (Diluted)	28	26	23	23	23	23
Shares Change (YoY)	16.84%	15.88%	-	-	-	-
EPS (Basic)	0.28	0.32	0.35	0.38	0.28	0.31
EPS (Diluted)	0.28	0.32	0.35	0.38	0.28	0.31
EPS Growth	36.90%	-7.96%	-7.61%	32.07%	-9.38%	-
Free Cash Flow	2.07	-7.25	8.82	7.28	8.35	8.83
Free Cash Flow Per Share	0.07	-0.28	0.39	0.32	0.37	0.39
Gross Margin	60.71%	61.17%	59.73%	59.70%	61.42%	61.21%
Operating Margin	26.49%	30.83%	31.50%	32.94%	28.65%	30.78%
Profit Margin	18.48%	20.97%	23.13%	24.67%	20.89%	22.37%
Free Cash Flow Margin	4.95%	-18.22%	26.08%	21.22%	27.23%	27.94%
EBITDA	11.75	13.01	11.35	12.05	9.59	10.48
EBITDA Margin	28.01%	32.73%	33.57%	35.14%	31.28%	33.15%
D&A For EBITDA	0.64	0.75	0.7	0.75	0.81	0.75
EBIT	11.11	12.26	10.65	11.3	8.79	9.73
EBIT Margin	26.49%	30.83%	31.50%	32.94%	28.65%	30.78%
Effective Tax Rate	30.83%	28.05%	27.22%	26.51%	28.78%	27.36%
Revenue as Reported	41.93	39.76	33.81	34.3	30.67	31.6
Advertising Expenses	-	2.37	1.43	1.35	1.1	-

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