Wetouch Technology Inc. (WETH)

Wetouch Technology Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	41.02	39.71	37.92	40.79	31.35	40
Revenue Growth (YoY)	2.86%	4.70%	-7.02%	30.11%	-21.64%	8.87%
Cost of Revenue	28.27	22.52	23.87	22.35	15.74	20.27
Gross Profit	12.76	17.19	14.05	18.43	15.61	19.74
Selling, General & Admin	5.12	4.46	2.55	2.57	2.59	2.6
Research & Development	0.15	0.08	0.09	0.09	0.08	0.14
Operating Expenses	5.27	4.54	2.64	5.81	3.73	2.74
Operating Income	7.48	12.65	11.41	12.62	11.88	17
Interest Expense	-1.21	-0.25	-0.22	-0.03	-1.73	-0.02
Interest & Investment Income	0.14	0.12	0.12	0.1	0.08	0.08
Other Non Operating Income (Expenses)	0.21	-0.12	0.87	1.45	0.25	0.25
EBT Excluding Unusual Items	6.62	12.39	12.18	14.15	10.48	17.31
Gain (Loss) on Sale of Assets	-	-	-	7.65	-	-
Legal Settlements	-0.05	-0.05	-	-	-	-
Other Unusual Items	-	-	-0.1	-	-	-0.87
Pretax Income	6.57	12.35	12.08	21.8	10.48	16.44
Income Tax Expense	2.71	4.08	3.35	4.41	1.55	2.72
Net Income	3.86	8.26	8.73	17.39	8.93	13.72
Net Income to Common	3.86	8.26	8.73	17.39	8.93	13.72
Net Income Growth	-62.42%	-5.34%	-49.79%	94.68%	-34.89%	16.23%
Shares Outstanding (Basic)	11	9	2	2	1	1
Shares Outstanding (Diluted)	11	9	2	2	1	1
Shares Change (YoY)	49.05%	408.48%	12.93%	12.65%	3.52%	-
EPS (Basic)	0.35	0.89	5.39	10.93	6.21	9.80
EPS (Diluted)	0.34	0.89	4.73	10.93	6.20	9.80
EPS Growth	-75.22%	-81.18%	-56.73%	76.30%	-36.72%	-
Free Cash Flow	0.59	10.46	8.59	2.36	12.96	10.16
Free Cash Flow Per Share	0.05	1.12	4.66	1.44	8.94	7.26
Gross Margin	31.09%	43.30%	37.05%	45.19%	49.80%	49.34%
Operating Margin	18.24%	31.86%	30.10%	30.95%	37.90%	42.50%
Profit Margin	9.41%	20.81%	23.02%	42.63%	28.49%	34.29%
Free Cash Flow Margin	1.44%	26.35%	22.64%	5.78%	41.35%	25.39%
EBITDA	7.49	12.66	11.42	13.01	12.94	18.04
EBITDA Margin	18.26%	31.88%	30.13%	31.89%	41.27%	45.09%
D&A For EBITDA	0.01	0.01	0.01	0.38	1.06	1.04
EBIT	7.48	12.65	11.41	12.62	11.88	17
EBIT Margin	18.24%	31.86%	30.10%	30.95%	37.90%	42.50%
Effective Tax Rate	41.28%	33.07%	27.75%	20.23%	14.78%	16.57%
Revenue as Reported	-	-	-	40.79	31.35	-

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q