Zhongchao Inc. (ZCMD)

Zhongchao Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	19.43	19.43	14.15	16.3	17.99	14.88
Revenue Growth (YoY)	19.25%	37.33%	-13.16%	-9.41%	20.88%	15.68%
Cost of Revenue	10.92	10.92	7.79	6.86	6.12	4.66
Gross Profit	8.51	8.51	6.36	9.44	11.87	10.23
Selling, General & Admin	13.41	13.41	8.9	9	6.57	5.72
Research & Development	0.51	0.51	0.41	0.76	0.82	0.86
Other Operating Expenses	7.87	7.87	0	0	0	0
Operating Expenses	21.8	21.8	9.31	9.76	7.38	6.58
Operating Income	-13.28	-13.28	-2.95	-0.32	4.49	3.64
Other Expense / Income	-1.28	-1.28	-0.29	-0.21	-0.45	-0.79
Pretax Income	-12.01	-12.01	-2.67	-0.11	4.94	4.43
Income Tax	-0.67	-0.67	0.27	-0.35	0.48	0.39
Net Income	-11.34	-11.34	-2.94	0.24	4.46	4.05
Net Income Growth	-	-	-	-94.65%	10.17%	34.03%
Shares Outstanding (Basic)	3	3	3	2	2	2
Shares Outstanding (Diluted)	3	3	3	2	2	2
Shares Change	4.39%	0.14%	4.25%	2.10%	13.08%	4.03%
EPS (Basic)	-4.35	-4.35	-1.13	0.10	1.83	1.87
EPS (Diluted)	-4.35	-4.35	-1.13	0.10	1.83	1.87
EPS Growth	-	-	-	-94.75%	-2.14%	28.97%
Free Cash Flow	-0.75	-0.75	-1.41	1.06	-1.89	0.1
Free Cash Flow Per Share	-0.29	-0.29	-0.54	0.43	-0.77	0.04
Gross Margin	43.80%	43.80%	44.92%	57.92%	65.99%	68.72%
Operating Margin	-68.35%	-68.35%	-20.88%	-1.97%	24.96%	24.47%
Profit Margin	-58.33%	-58.33%	-20.78%	1.46%	24.78%	27.19%
Free Cash Flow Margin	-3.88%	-3.88%	-9.97%	6.52%	-10.49%	0.64%
Effective Tax Rate	-	-	-	-	9.81%	8.73%
EBITDA	-11.08	-11.08	-1.94	0.59	5.37	4.7
EBITDA Margin	-57.02%	-57.02%	-13.70%	3.63%	29.84%	31.55%
Depreciation & Amortization	0.92	0.92	0.73	0.7	0.42	0.26
EBIT	-12.01	-12.01	-2.67	-0.11	4.94	4.43
EBIT Margin	-61.78%	-61.78%	-18.86%	-0.68%	27.48%	29.79%

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).