WETOUCH TECHNOLOGY INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $45.1M | $42.3M | $39.7M | $37.9M | $40.8M | $31.3M | $40.0M |
| Cost of Revenue | $30.8M | $28.7M | $22.5M | $23.9M | $22.4M | $15.7M | $20.3M |
| Gross Profit | $14.4M | $13.6M | $17.2M | $14.1M | $18.4M | $15.6M | $19.7M |
| Gross Margin | 31.8% | 32.2% | 43.3% | 37.0% | 45.2% | 49.8% | 49.3% |
| Operating Expenses | |||||||
| Research & Development | — | — | $84.6K | $85.3K | $89.5K | $78.0K | $136.4K |
| SG&A Expense | $3.8M | $3.5M | $3.8M | $1.3M | $1.9M | $2.3M | $2.3M |
| Operating Income | $10.0M | $9.3M | $12.7M | $11.4M | $12.6M | $11.9M | $17.0M |
| Operating Margin | 22.1% | 22.0% | 31.9% | 30.1% | 31.0% | 37.9% | 42.5% |
| Interest Expense | — | $1.2M | $252.3K | $224.9K | $27.5K | $1.7M | $16.9K |
| Pretax Income | $10.2M | $8.7M | $12.3M | $12.1M | $21.8M | $10.5M | $16.4M |
| Income Tax Expense | $3.0M | $2.7M | $4.1M | $3.4M | $4.4M | $1.5M | $2.7M |
| Net Income | $7.2M | $6.0M | $8.3M | $8.7M | $17.4M | $8.9M | $13.7M |
| Net Margin | 15.9% | 14.3% | 20.8% | 23.0% | 42.6% | 28.5% | 34.3% |
| EPS (Basic) | $0.60 | $0.52 | $0.89 | $1.08 | $0.11 | $0.06 | $0.10 |
| EPS (Diluted) | $0.60 | $0.52 | $0.89 | $0.95 | $0.11 | $0.06 | $0.10 |
| Shares Outstanding (Basic) | 11.9M | 11.6M | 9.3M | 8.1M | 159.1M | 143.9M | 140.0M |
| Shares Outstanding (Diluted) | 11.9M | 11.7M | 9.4M | 9.2M | 163.3M | 144.9M | 140.0M |
| Dividends Per Share | — | — | — | — | — | — | — |