Hitek Global Inc - Understand $hkit stock

$HKIT Market Cap: $21.44 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$7.512M

TTM

Gross Margin

46.48%

TTM

Net Earnings

$1.670M

TTM

Current Assets

$24.79M

Q4 2023

Current Liabilities

$3.373M

Q4 2023

Current Ratio

734.91%

Q4 2023

Total Assets

$35.43M

Q4 2023

Total Liabilities

$7.090M

Q4 2023

Book Value

$28.34M

Q4 2023

Cash

$9.312M

Q4 2023

P/E

12.84

Sep 13, 2024 EST

Free Cash Flow

-$248.4K

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$4.564M	$6.429M	$6.460M	$5.800M	$6.930M	$6.920M	$6.890M	$6.900M
YoY Change	-29.01%	-0.49%	11.38%	-16.31%	0.14%	0.44%	-0.14%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$4.564M	$6.429M	$6.460M	$5.800M	$6.930M	$6.920M	$6.890M	$6.900M
Cost Of Revenue	$2.642M	$2.892M	$2.580M	$2.630M	$3.190M	$3.040M	$3.210M	$5.040M
Gross Profit	$1.921M	$3.537M	$3.880M	$3.170M	$3.750M	$3.880M	$3.680M	$1.860M
Gross Profit Margin	42.1%	55.02%	60.06%	54.66%	54.11%	56.07%	53.41%	26.96%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$1.731M	$1.910M	$1.380M	$1.000M	$1.150M	$970.0K	$1.030M	$1.410M
YoY Change	-9.35%	38.39%	38.0%	-13.04%	18.56%	-5.83%	-26.95%
% of Gross Profit	90.11%	54.0%	35.57%	31.55%	30.67%	25.0%	27.99%	75.81%
Research & Development	$38.22K	$42.05K	$40.00K	$40.00K	$30.00K	$30.00K	$20.00K
YoY Change	-9.11%	5.13%	0.0%	33.33%	0.0%	50.0%
% of Gross Profit	1.99%	1.19%	1.03%	1.26%	0.8%	0.77%	0.54%
Depreciation & Amortization	$50.66K	$21.88K	$360.0K	$380.0K	$380.0K	$80.00K	$30.00K	$30.00K
YoY Change	131.54%	-93.92%	-5.26%	0.0%	375.0%	166.67%	0.0%
% of Gross Profit	2.64%	0.62%	9.28%	11.99%	10.13%	2.06%	0.82%	1.61%
Operating Expenses	$1.820M	$1.910M	$1.780M	$1.420M	$1.550M	$1.070M	$1.080M	$1.440M
YoY Change	-4.69%	7.29%	25.35%	-8.39%	44.86%	-0.93%	-25.0%
Operating Profit	$101.1K	$1.627M	$2.100M	$1.750M	$2.200M	$2.810M	$2.600M	$420.0K
YoY Change	-93.79%	-22.51%	20.0%	-20.45%	-21.71%	8.08%	519.05%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$928.6K	$230.8K	$100.0K	$100.0K	$100.0K	-$150.0K	$0.00	-$30.00K
YoY Change	302.31%	130.81%	0.0%	0.0%	-166.67%		-100.0%
% of Operating Profit	918.83%	14.18%	4.76%	5.71%	4.55%	-5.34%	0.0%	-7.14%
Other Income/Expense, Net	$564.9K	$1.360M	$10.00K	$100.0K	$70.00K	$30.00K	$40.00K	$100.0K
YoY Change	-58.46%	13500.0%	-90.0%	42.86%	133.33%	-25.0%	-60.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	$1.595M	$1.869M	$2.210M	$1.960M	$2.360M	$2.690M	$2.630M	$490.0K
YoY Change	-14.68%	-15.43%	12.76%	-16.95%	-12.27%	2.28%	436.73%
Income Tax	$546.9K	$453.2K	$540.0K	$270.0K	$340.0K	$470.0K	$500.0K	$110.0K
% Of Pretax Income	34.3%	24.25%	24.43%	13.78%	14.41%	17.47%	19.01%	22.45%
Net Earnings	$1.048M	$1.416M	$1.670M	$1.690M	$2.020M	$2.220M	$2.140M	$380.0K
YoY Change	-26.0%	-15.22%	-1.18%	-16.34%	-9.01%	3.74%	463.16%
Net Earnings / Revenue	22.96%	22.02%	25.85%	29.14%	29.15%	32.08%	31.06%	5.51%
Basic Earnings Per Share	$0.08	$0.13	$0.15	$0.15
Diluted Earnings Per Share	$0.08	$0.13	$152.0K	$153.8K	$183.8K	$173.6K	$167.3K	$29.71K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$18.15M	$5.494M	$7.290M	$4.690M	$2.740M	$2.830M	$2.640M	$1.940M
YoY Change	230.37%	-24.64%	55.44%	71.17%	-3.18%	7.2%	36.08%
Cash & Equivalents	$9.312M	$1.203M	$2.090M	$1.860M	$780.0K	$740.0K	$870.0K	$220.0K
Short-Term Investments	$8.837M	$4.290M	$5.200M	$2.830M	$1.970M	$2.090M	$1.770M	$1.730M
Other Short-Term Assets	$362.9K	$1.404M	$2.500M	$3.150M	$1.000M	$950.0K	$1.990M	$660.0K
YoY Change	-74.14%	-43.86%	-20.63%	215.0%	5.26%	-52.26%	201.52%
Inventory	$219.5K	$430.7K	$410.0K	$120.0K	$510.0K	$70.00K	$280.0K	$500.0K
Prepaid Expenses
Receivables	$2.119M	$3.671M	$2.770M	$2.830M	$3.760M	$1.890M	$1.760M	$1.120M
Other Receivables	$3.936M	$1.104M	$0.00	$0.00	$0.00	$0.00	$220.0K	$110.0K
Total Short-Term Assets	$24.79M	$12.10M	$12.97M	$10.78M	$8.020M	$5.740M	$6.880M	$4.330M
YoY Change	104.81%	-6.69%	20.32%	34.41%	39.72%	-16.57%	58.89%
Property, Plant & Equipment	$406.6K	$129.6K	$160.0K	$500.0K	$850.0K	$1.240M	$250.0K	$260.0K
YoY Change	213.74%	-18.99%	-68.0%	-41.18%	-31.45%	396.0%	-3.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.000M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$10.64M	$9.103M	$4.170M	$3.630M	$3.470M	$3.480M	$260.0K	$260.0K
YoY Change	16.9%	118.3%	14.88%	4.61%	-0.29%	1238.46%	0.0%
Total Assets	$35.43M	$21.21M	$17.14M	$14.41M	$11.49M	$9.220M	$7.140M	$4.590M
YoY Change
Accounts Payable	$532.1K	$696.7K	$520.0K	$380.0K	$190.0K	$220.0K	$380.0K	$570.0K
YoY Change	-23.62%	33.99%	36.84%	100.0%	-13.64%	-42.11%	-33.33%
Accrued Expenses	$180.4K	$277.6K	$180.0K	$300.0K	$250.0K	$290.0K	$250.0K	$140.0K
YoY Change	-35.01%	54.22%	-40.0%	20.0%	-13.79%	16.0%	78.57%
Deferred Revenue
YoY Change
Short-Term Debt	$493.2K	$506.6K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-2.65%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.373M	$4.204M	$2.790M	$2.380M	$1.970M	$1.920M	$1.960M	$2.250M
YoY Change	-19.77%	50.67%	17.23%	20.81%	2.6%	-2.04%	-12.89%
Long-Term Debt	$2.114M	$2.171M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-2.65%
Other Long-Term Liabilities	$1.604M	$1.304M	$1.230M	$860.0K	$560.0K	$260.0K	$0.00
YoY Change	23.04%	6.0%	43.02%	53.57%	115.38%
Total Long-Term Liabilities	$3.718M	$3.475M	$1.230M	$860.0K	$560.0K	$260.0K	$0.00	$0.00
YoY Change	6.99%	182.51%	43.02%	53.57%	115.38%
Total Liabilities	$7.090M	$7.679M	$4.010M	$3.240M	$2.530M	$2.180M	$1.960M	$2.250M
YoY Change	-7.66%	91.49%	23.77%	28.06%	16.06%	11.22%	-12.89%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	13.26M shares	10.99M shares	10.99M shares	10.99M shares
Diluted Shares Outstanding	13.26M shares	10.99M shares	10.99M shares	10.99M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $21.445 Million

About Hitek Global Inc

Hitek Global, Inc. is a holding company, which engages in the provision of information technology consulting and solutions. The company is headquartered in Xiamen, Fujian and currently employs 48 full-time employees. The company went IPO on 2021-07-21. The firm has two lines of businesses, including services to small and medium businesses (SMEs) and services to large businesses. The firm's services to small and medium businesses mainly include providing customers with the necessary ACTCS for their value added tax (VAT) reporting, collection and processing. The firm's services provided to large businesses mainly include sales of communication interface system, its self-developed software which provides embedded system interface solutions, as well as laptops, printers, desktop computers and associated accessories, together with certain internet servers, cameras and monitors..

Industry: Services-Prepackaged Software Peers: Taoping Inc