Financial Snapshot

Revenue
$91.66M
TTM
Gross Margin
60.71%
TTM
Net Earnings
$16.92M
TTM
Current Assets
$49.18M
Q2 2024
Current Liabilities
$2.802M
Q2 2024
Current Ratio
1755.0%
Q2 2024
Total Assets
$72.59M
Q2 2024
Total Liabilities
$2.810M
Q2 2024
Book Value
$69.78M
Q2 2024
Cash
P/E
4.707
Nov 29, 2024 EST
Free Cash Flow
$2.674M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $39.76M $33.81M $34.30M $30.67M
YoY Change 17.61% -1.43% 11.83%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $39.76M $33.81M $34.30M $30.67M
Cost Of Revenue $15.44M $13.61M $13.82M $11.83M
Gross Profit $24.32M $20.19M $20.48M $18.84M
Gross Profit Margin 61.17% 59.73% 59.7% 61.42%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $11.36M $9.544M $9.177M $10.05M
YoY Change 19.04% 4.0% -8.68%
% of Gross Profit 46.71% 47.27% 44.82% 53.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.831M $651.0K $660.0K $719.0K
YoY Change 334.87% -1.36% -8.21%
% of Gross Profit 11.64% 3.22% 3.22% 3.82%
Operating Expenses $12.06M $9.544M $9.177M $10.05M
YoY Change 26.37% 4.0% -8.68%
Operating Profit $12.26M $10.65M $11.30M $8.787M
YoY Change 15.13% -5.75% 28.58%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $38.00K $60.00K $28.00K $103.0K
YoY Change -36.67% 114.29% -72.82%
% of Operating Profit 0.31% 0.56% 0.25% 1.17%
Other Income/Expense, Net -$709.0K $34.00K $188.0K $106.0K
YoY Change -2185.29% -81.91% 77.36%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income $11.59M $10.74M $11.51M $8.996M
YoY Change 7.88% -6.7% 27.99%
Income Tax $3.250M $2.924M $3.052M $2.589M
% Of Pretax Income 28.05% 27.22% 26.51% 28.78%
Net Earnings $8.338M $7.818M $8.462M $6.407M
YoY Change 6.65% -7.61% 32.07%
Net Earnings / Revenue 20.97% 23.13% 24.67% 20.89%
Basic Earnings Per Share $0.32 $0.35 $0.38 $0.28
Diluted Earnings Per Share $0.32 $0.35 $0.38 $0.28

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $25.86M $22.60M $16.85M $8.665M
YoY Change 14.41% 34.16% 94.4%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $9.725M $996.0K $2.532M $130.0K
YoY Change 876.41% -60.66% 1847.69%
Inventory $87.00K $127.0K $150.0K $23.00K
Prepaid Expenses
Receivables $4.463M $3.545M $3.942M $2.417M
Other Receivables $0.00 $0.00 $419.0K $416.0K
Total Short-Term Assets $40.13M $27.27M $23.89M $11.65M
YoY Change 47.18% 14.15% 105.03%
Property, Plant & Equipment $14.76M $13.50M $14.94M $15.77M
YoY Change 9.3% -9.62% -5.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.631M $1.236M $250.0K $337.0K
YoY Change 274.68% 394.4% -25.82%
Total Long-Term Assets $25.41M $19.26M $19.06M $21.70M
YoY Change 31.97% 1.07% -12.18%
Total Assets $65.55M $46.53M $42.94M $33.35M
YoY Change
Accounts Payable $61.00K $161.0K $123.0K $95.00K
YoY Change -62.11% 30.89% 29.47%
Accrued Expenses $1.319M $1.109M $3.061M $3.018M
YoY Change 18.94% -63.77% 1.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $345.0K $337.0K
YoY Change -100.0% 2.37%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.091M $5.232M $6.111M $5.705M
YoY Change -21.81% -14.38% 7.12%
Long-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $34.00K $184.0K
YoY Change -81.52%
Total Long-Term Liabilities $34.00K $184.0K $0.00 $0.00
YoY Change -81.52%
Total Liabilities $4.125M $5.416M $6.111M $5.705M
YoY Change -23.84% -11.37% 7.12%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 26.07M shares 22.50M shares 22.50M shares 22.50M shares
Diluted Shares Outstanding 26.07M shares 22.50M shares 22.50M shares 22.50M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $79.652 Million

About Lichen China Ltd

Lichen China Ltd. engages in providing financial and taxation solutions. The company is headquartered in Quanzhou, Fujian and currently employs 406 full-time employees. The company went IPO on 2023-02-06. The Company, through its subsidiaries, mainly provides financial and taxation solution services. The Company’s financial and taxation solution services are customized based on the specific needs and requirements of customers, including financial and taxation related management consultation, internal control management consultation, annual or regular consultation, and internal training and general consultation. The firm is also involved in the provision of education support services and software and maintenance services under brand Lichen.

Industry: Services-Management Consulting Services Peers: GREENLIT VENTURES INC. ATIF Holdings Ltd China Index Holdings Ltd SOS Ltd Sunrise New Energy Co., Ltd. Porter Holding International, Inc.