Lichen China Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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

Source: S&P Capital IQ. Standard template.