WYTEC INTERNATIONAL INC
Income Statement
| Line Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $131.1K | $255.6K | $413.9K | $394.1K | $1.1M | $405.5K | $305.7K | $48.6K |
| Cost of Revenue | $55.6K | $170.9K | $339.8K | $369.4K | $791.9K | $219.1K | $201.3K | $550 |
| Gross Profit | $75.5K | $84.7K | $74.1K | $24.8K | $285.2K | $186.4K | $104.4K | $48.1K |
| Gross Margin | 57.6% | 33.1% | 17.9% | 6.3% | 26.5% | 46.0% | 34.2% | 98.9% |
| Operating Expenses | ||||||||
| Research & Development | $379.9K | $131.8K | $0 | $41.0K | $21.2K | $4.5K | $23.7K | $10.9K |
| SG&A Expense | $2.8M | $3.0M | $1.9M | $3.6M | $2.3M | $2.8M | $2.9M | $3.3M |
| Operating Income | $-3.1M | $-3.1M | $-1.9M | $-3.7M | $-2.1M | $-2.7M | $-3.0M | $-3.5M |
| Operating Margin | -2,354.2% | -1,208.3% | -460.7% | -941.4% | -195.6% | -668.1% | -977.6% | -7,179.9% |
| Interest Expense | — | $236.9K | $174.9K | $94.4K | $94.4K | $38 | $0 | $0 |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | — | — |
| Net Income | $-3.7M | $-3.3M | $-2.1M | $-3.6M | $-2.0M | $-2.9M | $-3.1M | $-3.7M |
| Net Margin | -2,801.7% | -1,295.2% | -503.0% | -924.7% | -187.8% | -703.7% | -1,020.9% | -7,553.9% |
| EPS (Basic) | $-0.25 | $-0.27 | $-0.20 | $-0.54 | $-0.36 | $-0.56 | $-0.74 | $-1.79 |
| EPS (Diluted) | $-0.25 | $-0.27 | $-0.20 | $-0.54 | $-0.35 | $-0.56 | $-0.74 | $-1.79 |
| Shares Outstanding (Basic) | 14.9M | 12.3M | 10.5M | 6.7M | 5.6M | 5.4M | 5.0M | 3.9M |
| Shares Outstanding (Diluted) | 14.9M | 12.3M | 10.5M | 6.7M | 5.6M | 5.4M | 5.0M | 3.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |