Tungray Technologies Inc (TRSG)

Tungray Technologies Income Statement

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

Year	2021	2020
Revenue	17.47	9.51
Revenue Growth (YoY)	83.73%	-
Cost of Revenue	8.4	4.92
Gross Profit	9.07	4.59
Selling, General & Admin	3.71	2.7
Research & Development	0.67	0.31
Operating Expenses	4.38	3.01
Operating Income	4.69	1.58
Interest Expense / Income	0.19	0.3
Other Expense / Income	-0.32	-0.25
Pretax Income	4.82	1.54
Income Tax	0.71	0.31
Net Income	4.11	1.22
Net Income Common	4.11	1.22
Net Income Growth	236.06%	-
Free Cash Flow	5.78	1.1
Gross Margin	51.91%	48.27%
Operating Margin	26.85%	16.60%
Profit Margin	23.53%	12.86%
Free Cash Flow Margin	33.09%	11.57%
Effective Tax Rate	14.67%	20.43%
EBITDA	5.56	2.11
EBITDA Margin	31.82%	22.23%
Depreciation & Amortization	0.55	0.28
EBIT	5.01	1.83
EBIT Margin	28.65%	19.27%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).