Recon Technology, Ltd - Understand $rcon stock

$RCON Market Cap: $34.25 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$96.48M

TTM

Gross Margin

24.06%

TTM

Net Earnings

-$74.94M

TTM

Current Assets

$69.69M

Q2 2024

Current Liabilities

$6.533M

Q2 2024

Current Ratio

1066.79%

Q2 2024

Total Assets

$76.01M

Q2 2024

Total Liabilities

$8.457M

Q2 2024

Book Value

$67.55M

Q2 2024

Cash

$15.14M

Q2 2024

P/E

-0.4570

Nov 29, 2024 EST

Free Cash Flow

-$55.48M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$68.85M	$67.11M	$83.78M	$47.94M	$65.80M	$102.4M	$84.70M	$60.10M	$43.51K	51.51M CNies	93.45M CNies	$12.38M	75.54M CNies	$63.70M	$117.0M	$75.60M	$65.70M	$57.80M	$35.70M
YoY Change	2.59%	-19.89%	74.76%	-27.15%	-35.74%	20.9%	40.93%	138032.34%	-99.92%	-44.87%	655.06%	-83.62%	18.59%	-45.56%	54.76%	15.07%	13.67%	61.9%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$68.85M	$67.11M	$83.78M	$47.94M	$65.80M	$102.4M	$84.70M	$60.10M	$43.51K	51.51M CNies	93.45M CNies	$12.38M	75.54M CNies	$63.70M	$117.0M	$75.60M	$65.70M	$57.80M	$35.70M
Cost Of Revenue	$47.98M	$48.25M	$64.35M	$40.72M	$46.20M	$72.50M	$80.60M	$44.10M	35.48M CNies	41.40M CNies	61.03M CNies	$8.327M	51.27M CNies	$43.50M	$67.60M	$45.80M	$39.80M	$37.40M	$23.40M
Gross Profit	$20.88M	$18.87M	$19.42M	$7.215M	$19.60M	$29.90M	$4.200M	$16.00M	$1.091M	10.11M CNies	32.42M CNies	25.05M CNies	24.27M CNies	$20.20M	$49.40M	$29.90M	$26.00M	$20.40M	$12.30M
Gross Profit Margin	30.32%	28.11%	23.19%	15.05%	29.79%	29.2%	4.96%	26.62%	2506.81%	19.63%	34.69%	202.44%	32.13%	31.71%	42.22%	39.55%	39.57%	35.29%	34.45%

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin	$10.20M	$12.06M	$13.95M	$62.18M	$32.70M	$51.00M	$41.90M	$39.00M	$3.887M	38.21M CNies	21.49M CNies	17.11M CNies	21.54M CNies	$39.80M	$21.50M	$11.30M	$9.300M	$10.00M	$12.50M
YoY Change	-15.38%	-13.57%	-77.57%	90.15%	-35.88%	21.72%	7.44%	903.35%	-89.83%	77.77%	25.65%	-20.59%	-45.88%	85.12%	90.27%	21.51%	-7.0%	-20.0%
% of Gross Profit	48.87%	63.9%	71.82%	861.8%	166.84%	170.57%	997.62%	243.75%	356.38%	377.83%	66.3%	68.27%	88.74%	197.03%	43.52%	37.79%	35.77%	49.02%	101.63%
Research & Development	$1.966M	$1.214M	$1.338M	$5.846M	$7.000M	$3.100M	$3.200M	$7.600M	$1.032M	4.169M CNies	8.094M CNies	8.514M CNies	6.271M CNies
YoY Change	61.9%	-9.26%	-77.11%	-16.48%	125.81%	-3.13%	-57.89%	636.48%	-75.25%	-48.5%	-4.93%	35.76%
% of Gross Profit	9.42%	6.44%	6.89%	81.03%	35.71%	10.37%	76.19%	47.5%	94.61%	41.23%	24.97%	33.98%	25.84%
Depreciation & Amortization	$391.4K	$411.5K	$2.612M	$3.151M	$1.610M	$1.120M	$1.120M	$860.0K	$960.0K	$530.0K	$600.0K	$620.0K	$360.0K	$360.0K	$370.0K	$320.0K	$200.0K	$230.0K	$520.0K
YoY Change	-4.89%	-84.25%	-17.1%	95.7%	43.75%	0.0%	30.23%	-10.42%	81.13%	-11.67%	-3.23%	72.22%	0.0%	-2.7%	15.63%	60.0%	-13.04%	-55.77%
% of Gross Profit	1.87%	2.18%	13.45%	43.67%	8.21%	3.75%	26.67%	5.38%	88.02%	5.24%	1.85%	2.47%	1.48%	1.78%	0.75%	1.07%	0.77%	1.13%	4.23%
Operating Expenses	$12.73M	$12.16M	$15.19M	$68.03M	$39.70M	$54.10M	$45.00M	$46.60M	$7.097M	45.63M CNies	29.59M CNies	25.62M CNies	27.81M CNies	$39.80M	$21.50M	$11.20M	$9.200M	$10.00M	$12.50M
YoY Change	4.66%	-19.93%	-77.67%	71.35%	-26.62%	20.22%	-3.43%	556.57%	-84.45%	54.22%	15.49%	-7.88%	-30.13%	85.12%	91.96%	21.74%	-8.0%	-20.0%
Operating Profit	-$9.858M	-$9.561M	-$12.29M	-$60.81M	-$20.10M	-$24.20M	-$40.80M	-$30.60M	-$6.007M	-35.52M CNies	2.830M CNies	-564.7K CNies	-3.538M CNies	-$19.60M	$27.90M	$18.70M	$16.80M	$10.40M	-$200.0K
YoY Change	3.1%	-22.2%	-79.79%	202.54%	-16.94%	-40.69%	33.33%	409.42%	-83.09%	-1354.89%	-601.15%	-84.04%	-81.95%	-170.25%	49.2%	11.31%	61.54%	-5300.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Interest Expense		$346.8K	$227.3K	-$725.7K	-$1.000M	-$2.500M	-$4.900M	-$500.0K	$136.0K	1.110M CNies	952.6K CNies	1.557M CNies	962.8K CNies	-$600.0K	-$200.0K	-$100.0K	$0.00	-$100.0K	$0.00
YoY Change		52.57%	-131.32%	-27.43%	-60.0%	-48.98%	880.0%	-467.75%	-87.76%	16.57%	-38.83%	61.73%	-260.47%	200.0%	100.0%		-100.0%
% of Operating Profit											33.66%				-0.72%	-0.53%	0.0%	-0.96%
Other Income/Expense, Net	$2.780M	$1.086M	$26.28M	$35.91M	$1.300M	$1.300M	$400.0K	$200.0K	-$368.00	24.56K CNies	-$6.706K	1.471M CNies	-78.10K CNies	$1.100M	$2.600M	$2.000M	$400.0K	$200.0K	$800.0K
YoY Change	155.98%	-95.87%	-26.84%	2662.58%	0.0%	225.0%	100.0%	-54447.83%	-101.5%	-466.21%	-100.46%	-1983.76%	-107.1%	-57.69%	30.0%	400.0%	100.0%	-75.0%

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	-$3.794M	-$4.694M	$16.98M	-$26.39M	-$19.80M	-$25.40M	-$45.40M	-$30.90M	-2.394M CNies	-8.873M CNies	2.789M CNies	906.4K CNies	-3.735M CNies	-$28.00M	$30.30M	$20.60M	$17.00M	$10.50M	$600.0K
YoY Change	-19.17%	-127.64%	-164.35%	33.29%	-22.05%	-44.05%	46.93%	1190.95%	-73.02%	-418.13%	207.69%	-124.27%	-86.66%	-192.41%	47.09%	21.18%	61.9%	1650.0%
Income Tax	$4.00	$2.529K	-$91.65K	-$524.3K	$300.0K	$400.0K	$0.00	$300.0K	$82.15K	-2.552M CNies	961.1K CNies	286.9K CNies	-220.1K CNies	$700.0K	$7.500M	$3.700M	$4.700M	$3.400M	-$100.0K
% Of Pretax Income			-0.54%								34.46%	31.65%			24.75%	17.96%	27.65%	32.38%	-16.67%
Net Earnings	-$6.863M	-$8.160M	$14.27M	-$22.83M	-$19.20M	-$25.40M	-$44.10M	-$31.40M	-$6.153M	-$4.734M	807.2K CNies	39.70K CNies	-3.820M CNies	-$29.00M	$20.10M	$15.30M	$11.60M	$6.000M	$900.0K
YoY Change	-15.9%	-157.17%	-162.5%	18.92%	-24.41%	-42.4%	40.45%	410.32%	29.97%	-686.52%	1933.32%	-101.04%	-86.83%	-244.28%	31.37%	31.9%	93.33%	566.67%
Net Earnings / Revenue	-9.97%	-12.16%	17.04%	-47.63%	-29.18%	-24.8%	-52.07%	-52.25%	-14141.91%	-9.19%	0.86%	0.32%	-5.06%	-45.53%	17.18%	20.24%	17.66%	10.38%	2.52%
Basic Earnings Per Share	-$1.36	-$0.24	$0.48	-$1.80	-$4.16				-$1.09	-$6.45	$0.19	$0.01	-$0.97
Diluted Earnings Per Share	-$1.36	-$0.24	$0.48	-$1.798M	-$4.174M	-$6.513M	-$19.17M	-$24.15M	-$1.09	-$6.45	$0.18	$0.01	-$0.97	-$36.25M	$25.13M	$30.60M	$29.00M	$15.00M	$110.1M

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	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash & Short-Term Investments	$288.3M	$317.0M	$344.0M	$30.30M	$4.500M	$45.30M	$3.800M	$1.800M	$12.30M	$18.10M	$12.40M	$3.500M	$3.500M	$12.10M	$2.700M	$7.600M	$2.300M	$4.200M
YoY Change	-9.04%	-7.86%	1035.31%	573.33%	-90.07%	1092.11%	111.11%	-85.37%	-32.04%	45.97%	254.29%	0.0%	-71.07%	348.15%	-64.47%	230.43%	-45.24%
Cash & Equivalents	$104.1M	$317.0M	$344.0M	$30.30M	$4.500M	$45.30M	$3.800M	$1.800M	$12.30M	$18.10M	$12.40M	$3.500M	$3.500M	$12.10M	$2.700M	$7.600M	$2.300M	$4.200M
Short-Term Investments	$184.2M
Other Short-Term Assets	$3.762M	$1.597M	$1.657M	$400.0K	$1.800M	$13.20M	$12.30M	$1.400M	$22.00M	$30.20M	$22.70M	$19.00M	$14.70M	$47.60M	$2.300M	$5.300M	$4.900M	$3.500M
YoY Change	135.57%	-3.63%	314.3%	-77.78%	-86.36%	7.32%	778.57%	-93.64%	-27.15%	33.04%	19.47%	29.25%	-69.12%	1969.57%	-56.6%	8.16%	40.0%
Inventory	$6.331M	$3.894M	$3.645M	$2.000M	$1.300M	$6.800M	$2.600M	$6.300M	$10.80M	$14.30M	$13.30M	$24.30M	$22.60M	$13.20M	$16.10M	$8.800M	$4.600M	$3.800M
Prepaid Expenses
Receivables	$77.03M	$56.44M	$75.48M	$82.90M	$76.60M	$24.30M	$39.40M	$38.10M	$57.00M	$51.00M	$57.40M	$82.40M	$48.30M	$89.40M	$51.60M	$36.20M	$30.50M	$13.80M
Other Receivables	$129.0M	$66.71M	$63.72M	$13.70M	$13.70M	$11.30M	$10.20M	$26.70M	$22.30M	$19.70M	$23.00M	$10.90M	$11.80M	$12.90M	$2.500M	$2.500M	$4.500M	$800.0K
Total Short-Term Assets	$504.4M	$445.6M	$488.5M	$129.3M	$97.80M	$100.8M	$68.40M	$74.30M	$124.5M	$133.4M	$128.7M	$140.1M	$100.8M	$175.2M	$75.20M	$60.50M	$46.80M	$26.30M
YoY Change	13.19%	-8.78%	277.81%	32.21%	-2.98%	47.37%	-7.94%	-40.32%	-6.67%	3.65%	-8.14%	38.99%	-42.47%	132.98%	24.3%	29.27%	77.95%
Property, Plant & Equipment	$27.41M	$31.15M	$35.06M	$32.30M	$26.30M	$15.40M	$2.800M	$2.900M	$2.700M	$1.300M	$1.700M	$1.800M	$1.100M	$1.500M	$1.400M	$800.0K	$1.300M	$1.600M
YoY Change	-12.03%	-11.15%	8.56%	22.81%	70.78%	450.0%	-3.45%	7.41%	107.69%	-23.53%	-5.56%	63.64%	-26.67%	7.14%	75.0%	-38.46%	-18.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$0.00	$27.93M	$31.50M	$31.10M	$31.08M				$0.00	$1.500M
YoY Change		-100.0%	-11.33%	1.29%	0.07%					-100.0%
Other Assets		$1.226M	$1.253M															$0.00
YoY Change		-2.17%
Total Long-Term Assets	$27.41M	$44.63M	$78.01M	$65.10M	$59.20M	$21.00M	$2.800M	$5.200M	$9.800M	$21.10M	$6.800M	$12.00M	$14.10M	$1.400M	$1.400M	$700.0K	$1.300M	$1.600M
YoY Change	-38.57%	-42.8%	19.83%	9.97%	181.9%	650.0%	-46.15%	-46.94%	-53.55%	210.29%	-43.33%	-14.89%	907.14%	0.0%	100.0%	-46.15%	-18.75%
Total Assets	$531.8M	$490.2M	$566.5M	$194.4M	$157.0M	$121.8M	$71.20M	$79.50M	$134.3M	$154.5M	$135.5M	$152.1M	$114.9M	$176.6M	$76.60M	$61.20M	$48.10M	$27.90M
YoY Change
Accounts Payable	$10.79M	$16.74M	$21.96M	$23.00M	$14.10M	$8.800M	$8.400M	$7.500M	$17.20M	$11.40M	$11.40M	$17.20M	$6.300M	$16.50M	$15.80M	$17.50M	$21.10M	$19.30M
YoY Change	-35.53%	-23.76%	-4.54%	63.12%	60.23%	4.76%	12.0%	-56.4%	50.88%	0.0%	-33.72%	173.02%	-61.82%	4.43%	-9.71%	-17.06%	9.33%
Accrued Expenses	$5.649M	$6.349M	$4.387M	$3.200M	$1.400M	$600.0K	$2.000M	$600.0K	$400.0K	$4.000M	$5.300M	$1.400M	$500.0K	$700.0K	$700.0K	$700.0K	$900.0K	$900.0K
YoY Change	-11.03%	44.72%	37.11%	128.57%	133.33%	-70.0%	233.33%	50.0%	-90.0%	-24.53%	278.57%	180.0%	-28.57%	0.0%	0.0%	-22.22%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$32.47M	$19.01M	$28.21M	$20.00M	$12.60M	$9.000M	$10.20M	$13.50M	$23.90M	$15.20M	$16.10M	$29.90M	$7.700M	$12.40M	$6.500M	$3.500M	$9.600M	$8.200M
YoY Change	70.81%	-32.61%	41.03%	58.73%	40.0%	-11.76%	-24.44%	-43.51%	57.24%	-5.59%	-46.15%	288.31%	-37.9%	90.77%	85.71%	-63.54%	17.07%
Long-Term Debt Due	$0.00	$999.5K	$920.1K	$800.0K	$800.0K	$700.0K									$0.00	$0.00	$100.0K	$0.00
YoY Change	-100.0%	8.64%	15.01%	0.0%	14.29%											-100.0%
Total Short-Term Liabilities	$61.03M	$52.88M	$76.46M	$65.20M	$42.10M	$26.00M	$29.40M	$29.90M	$52.10M	$50.30M	$46.70M	$65.90M	$26.90M	$57.60M	$39.60M	$41.10M	$45.70M	$35.60M
YoY Change	15.42%	-30.84%	17.27%	54.87%	61.92%	-11.56%	-1.67%	-42.61%	3.58%	7.71%	-29.14%	144.98%	-53.3%	45.45%	-3.65%	-10.07%	28.37%
Long-Term Debt	$0.00	$5.511M	$6.487M	$7.400M	$8.200M	$8.900M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.300M	$1.900M
YoY Change	-100.0%	-15.04%	-12.34%	-9.76%	-7.87%											-100.0%	-31.58%
Other Long-Term Liabilities	$31.64M	$18.97M	$195.4M	$1.200M
YoY Change	66.81%	-90.29%	16185.66%
Total Long-Term Liabilities	$31.64M	$24.48M	$201.9M	$8.600M	$8.200M	$8.900M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.300M	$1.900M
YoY Change	29.26%	-87.88%	2247.84%	4.88%	-7.87%											-100.0%	-31.58%
Total Liabilities	$82.62M	$69.61M	$271.4M	$84.40M	$61.40M	$45.80M	$37.90M	$38.10M	$60.30M	$58.60M	$53.90M	$72.50M	$33.20M	$67.10M	$46.40M	$46.30M	$50.60M	$38.30M
YoY Change	18.69%	-74.35%	221.59%	37.46%	34.06%	20.84%	-0.52%	-36.82%	2.9%	8.72%	-25.66%	118.37%	-50.52%	44.61%	0.22%	-8.5%	32.11%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2016	2015	2014	2013	2012
Basic Shares Outstanding	5.049M	33.92M	30.00M	12.70M	4.625M	5.653M shares	4.877M shares	4.304M shares	3.952M shares	3.952M shares
Diluted Shares Outstanding	5.049M	33.92M	30.00M	12.70M	4.625M	5.653M shares	4.877M shares	4.368M shares	3.952M shares	3.952M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $34.25 Million

About Recon Technology, Ltd

Recon Technology Ltd is a CN-based company operating in Energy Equipment & Services industry. The company is headquartered in Beijing, Beijing and currently employs 184 full-time employees. The company went IPO on 2009-07-30. Recon Technology, Ltd. is a provider of hardware, software and on-site services to companies in the petroleum mining and extraction industry in China, the People's Republic of China. The firm provides services designed to automate and enhance the extraction of petroleum. The firm controls by contract the People's Republic of China companies of Beijing BHD Petroleum Technology Co., Ltd. (BHD) and Nanjing Recon Technology Co., Ltd. The company serves as the center of strategic management, financial control and human resources allocation for the Domestic Companies. Through its contractual relationships with the Domestic Companies, it provides equipment, tools and other hardware related to oilfield production and management, and develops and sells its specialized industrial automation control and information solutions. Its products and services include Equipment for Oil and Gas Production and Transportation, Oil and Gas Production Improvement Techniques, and Automation System and Service.

Industry: Oil & Gas Field Services, NEC Peers: