Wetouch Technology Inc. (WETH)

Wetouch Technology Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	39.71	37.92	40.79	31.35	40
Revenue Growth (YoY)	4.70%	-7.02%	30.11%	-21.64%	8.87%
Cost of Revenue	22.52	23.87	22.35	15.74	20.27
Gross Profit	17.19	14.05	18.43	15.61	19.74
Selling, General & Admin	4.46	2.55	2.57	2.59	2.6
Research & Development	0.08	0.09	0.09	0.08	0.14
Other Operating Expenses	0	0	3.15	1.06	0
Operating Expenses	4.54	2.64	5.81	3.73	2.74
Operating Income	12.65	11.41	12.62	11.88	17
Interest Expense / Income	0.25	0.22	0.03	1.73	0.02
Other Expense / Income	0.05	-0.89	-9.2	-0.33	0.54
Pretax Income	12.35	12.08	21.8	10.48	16.44
Income Tax	4.08	3.35	4.41	1.55	2.72
Net Income	8.26	8.73	17.39	8.93	13.72
Net Income Growth	-5.34%	-49.78%	94.68%	-34.89%	16.23%
Shares Outstanding (Basic)	9	2	2	1	1
Shares Outstanding (Diluted)	9	2	2	1	1
Shares Change	408.48%	12.93%	12.65%	3.52%	-
EPS (Basic)	0.89	5.38	11.00	6.20	9.80
EPS (Diluted)	0.89	4.73	11.00	6.20	9.80
EPS Growth	-81.18%	-57.00%	77.42%	-36.73%	16.25%
Free Cash Flow	10.46	8.59	2.36	12.96	10.16
Free Cash Flow Per Share	1.13	5.30	1.48	9.01	7.26
Gross Margin	43.30%	37.05%	45.19%	49.80%	49.34%
Operating Margin	31.86%	30.10%	30.95%	37.90%	42.50%
Profit Margin	20.81%	23.02%	42.63%	28.49%	34.29%
Free Cash Flow Margin	26.35%	22.64%	5.78%	41.35%	25.39%
Effective Tax Rate	33.07%	27.75%	20.23%	14.78%	16.57%
EBITDA	12.61	12.32	22.2	13.26	17.5
EBITDA Margin	31.76%	32.48%	54.44%	42.32%	43.74%
Depreciation & Amortization	0.01	0.01	0.38	1.06	1.04
EBIT	12.6	12.31	21.82	12.21	16.46
EBIT Margin	31.73%	32.46%	53.51%	38.95%	41.14%

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).