Hitek Historical Income Statement

HKIT Stock

5.00 3.71 287.60%

Historical analysis of Hitek Global income statement accounts such as Depreciation And Amortization of 51.1 K or Interest Expense of 160.3 K can show how well Hitek Global Ordinary performed in making a profits. Evaluating Hitek Global income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Hitek Global's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Hitek Global Ordinary latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hitek Global Ordinary is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hitek Global Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

About Hitek Income Statement Analysis

Hitek Global Ordinary Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Hitek Global shareholders. The income statement also shows Hitek investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Hitek Global Income Statement Chart

At this time, Hitek Global's Net Income is comparatively stable compared to the past year. Research Development is likely to gain to about 40.7 K in 2024, whereas Interest Expense is likely to drop slightly above 160.3 K in 2024.

Tax Provision Selling General Administrative Selling And Marketing Expenses Total Revenue Ebit Net Income Applicable To Common Shares

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Total Revenue

Total revenue comprises all receipts Hitek Global Ordinary generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.

Most accounts from Hitek Global's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Hitek Global Ordinary current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hitek Global Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

	2021	2022	2023	2024 (projected)
Interest Expense	205.2K	285.4K	313.9K	160.3K
Depreciation And Amortization	355.7K	21.9K	53.8K	51.1K

Interest Expense Depreciation And Amortization

Hitek Global income statement Correlations

	Tax Provision	Net Interest Income	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Net Income From Continuing Ops	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Reconciled Depreciation	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Interest Income
Tax Provision		0.21	-0.67	-0.06	0.01	-0.32	-0.01	-0.06	0.09	-0.01	-0.01	-0.01	-0.12	0.08	-0.05	-0.65	0.18	0.14	-0.01	1.0	0.0	0.22
Net Interest Income	0.21		-0.19	0.68	0.71	0.0	-0.9	-0.88	0.63	-0.96	-0.85	-0.95	-0.98	-0.72	0.67	-0.19	-0.83	0.97	-0.85	0.21	0.64	0.94
Depreciation And Amortization	-0.67	-0.19		0.22	0.37	0.27	-0.07	0.08	0.01	-0.07	-0.15	-0.08	0.09	-0.31	0.36	1.0	-0.26	-0.05	-0.15	-0.67	0.28	-0.21
Interest Expense	-0.06	0.68	0.22		0.93	0.26	-0.79	-0.67	0.4	-0.78	-0.95	-0.79	-0.75	-0.8	0.89	0.26	-0.93	0.64	-0.95	-0.06	0.93	0.78
Selling General Administrative	0.01	0.71	0.37	0.93		0.16	-0.83	-0.68	0.45	-0.83	-0.94	-0.84	-0.78	-0.87	0.92	0.4	-0.92	0.73	-0.94	0.01	0.92	0.74
Selling And Marketing Expenses	-0.32	0.0	0.27	0.26	0.16		0.17	0.2	0.65	-0.03	-0.2	-0.04	0.01	0.07	0.51	0.22	-0.24	-0.1	-0.2	-0.32	0.25	0.18
Total Revenue	-0.01	-0.9	-0.07	-0.79	-0.83	0.17		0.95	-0.35	0.97	0.91	0.96	0.95	0.85	-0.67	-0.09	0.9	-0.94	0.91	-0.01	-0.71	-0.85
Gross Profit	-0.06	-0.88	0.08	-0.67	-0.68	0.2	0.95		-0.3	0.91	0.82	0.9	0.92	0.64	-0.53	0.07	0.8	-0.92	0.82	-0.06	-0.5	-0.86
Other Operating Expenses	0.09	0.63	0.01	0.4	0.45	0.65	-0.35	-0.3		-0.58	-0.55	-0.58	-0.58	-0.35	0.7	-0.04	-0.55	0.56	-0.55	0.09	0.48	0.61
Operating Income	-0.01	-0.96	-0.07	-0.78	-0.83	-0.03	0.97	0.91	-0.58		0.93	1.0	0.99	0.84	-0.76	-0.08	0.93	-0.97	0.93	-0.01	-0.75	-0.89
Net Income From Continuing Ops	-0.01	-0.85	-0.15	-0.95	-0.94	-0.2	0.91	0.82	-0.55	0.93		0.93	0.91	0.83	-0.9	-0.17	0.98	-0.84	1.0	-0.01	-0.88	-0.9
Ebit	-0.01	-0.95	-0.08	-0.79	-0.84	-0.04	0.96	0.9	-0.58	1.0	0.93		0.99	0.84	-0.77	-0.09	0.94	-0.97	0.93	-0.01	-0.75	-0.89
Ebitda	-0.12	-0.98	0.09	-0.75	-0.78	0.01	0.95	0.92	-0.58	0.99	0.91	0.99		0.79	-0.71	0.08	0.89	-0.98	0.91	-0.12	-0.7	-0.93
Cost Of Revenue	0.08	-0.72	-0.31	-0.8	-0.87	0.07	0.85	0.64	-0.35	0.84	0.83	0.84	0.79		-0.75	-0.36	0.86	-0.76	0.83	0.08	-0.89	-0.61
Total Operating Expenses	-0.05	0.67	0.36	0.89	0.92	0.51	-0.67	-0.53	0.7	-0.76	-0.9	-0.77	-0.71	-0.75		0.37	-0.89	0.64	-0.9	-0.05	0.9	0.74
Reconciled Depreciation	-0.65	-0.19	1.0	0.26	0.4	0.22	-0.09	0.07	-0.04	-0.08	-0.17	-0.09	0.08	-0.36	0.37		-0.28	-0.05	-0.17	-0.65	0.32	-0.21
Income Before Tax	0.18	-0.83	-0.26	-0.93	-0.92	-0.24	0.9	0.8	-0.55	0.93	0.98	0.94	0.89	0.86	-0.89	-0.28		-0.83	0.98	0.18	-0.87	-0.84
Total Other Income Expense Net	0.14	0.97	-0.05	0.64	0.73	-0.1	-0.94	-0.92	0.56	-0.97	-0.84	-0.97	-0.98	-0.76	0.64	-0.05	-0.83		-0.84	0.14	0.61	0.87
Net Income	-0.01	-0.85	-0.15	-0.95	-0.94	-0.2	0.91	0.82	-0.55	0.93	1.0	0.93	0.91	0.83	-0.9	-0.17	0.98	-0.84		-0.01	-0.88	-0.9
Income Tax Expense	1.0	0.21	-0.67	-0.06	0.01	-0.32	-0.01	-0.06	0.09	-0.01	-0.01	-0.01	-0.12	0.08	-0.05	-0.65	0.18	0.14	-0.01		0.0	0.22
Research Development	0.0	0.64	0.28	0.93	0.92	0.25	-0.71	-0.5	0.48	-0.75	-0.88	-0.75	-0.7	-0.89	0.9	0.32	-0.87	0.61	-0.88	0.0		0.65
Interest Income	0.22	0.94	-0.21	0.78	0.74	0.18	-0.85	-0.86	0.61	-0.89	-0.9	-0.89	-0.93	-0.61	0.74	-0.21	-0.84	0.87	-0.9	0.22	0.65

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Hitek Global Account Relationship Matchups

Hitek Global income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Tax Provision	339.2K	269.2K	542.9K	453.2K	546.9K	490.7K
Net Interest Income	(4.8K)	2.6K	(2.2K)	250.2K	598.0K	627.9K
Depreciation And Amortization	447.6K	378.6K	355.7K	21.9K	53.8K	51.1K
Interest Expense	4.8K	201.9K	205.2K	285.4K	313.9K	160.3K
Selling General Administrative	1.2M	1.4M	1.7M	1.5M	1.8M	1.5M
Selling And Marketing Expenses	330.6K	2.0K	76.5K	437.2K	648.0	615.6
Total Revenue	6.9M	5.8M	6.5M	6.4M	4.6M	5.0M
Gross Profit	3.7M	3.2M	3.9M	3.5M	1.9M	2.7M
Other Operating Expenses	4.7M	3.9M	4.4M	4.8M	4.5M	4.8M
Operating Income	2.2M	1.8M	2.1M	1.6M	101.1K	96.0K
Net Income From Continuing Ops	2.0M	1.7M	1.7M	1.4M	1.0M	1.4M
Ebit	2.2M	1.8M	2.1M	1.6M	101.1K	96.0K
Ebitda	2.6M	2.1M	2.5M	1.6M	154.9K	147.1K
Cost Of Revenue	3.2M	2.6M	2.6M	2.9M	2.6M	2.3M
Total Operating Expenses	1.5M	1.3M	1.8M	1.9M	1.8M	1.6M
Reconciled Depreciation	379.9K	378.6K	355.7K	21.9K	53.8K	51.1K
Income Before Tax	2.4M	2.0M	2.2M	1.9M	1.6M	1.8M
Total Other Income Expense Net	166.1K	204.3K	108.7K	241.8K	1.5M	1.6M
Net Income Applicable To Common Shares	2.2M	2.0M	1.7M	1.7M	1.5M	1.6M
Net Income	2.0M	1.7M	1.7M	1.4M	1.0M	1.4M
Income Tax Expense	339.2K	269.2K	542.9K	453.2K	546.9K	490.7K

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Hitek Historical Income Statement

About Hitek Income Statement Analysis

Hitek Global Income Statement Chart

Tax Provision

Total Revenue

Net Income Applicable To Common Shares

Hitek Global income statement Correlations

Hitek Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hitek Global income statement Accounts

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Income Tax Expense	+ 1.0	Tax Provision
Reconciled Depreciation	+ 1.0	Depreciation And Amortization
Ebit	+ 1.0	Operating Income
Net Income	+ 1.0	Net Income From Continuing Ops
Ebitda	+ 0.99	Operating Income
Ebitda	+ 0.99	Ebit

Total Other Income Expense Net	- 0.98	Ebitda
Ebitda	- 0.98	Net Interest Income
Total Other Income Expense Net	- 0.97	Ebit
Total Other Income Expense Net	- 0.97	Operating Income
Operating Income	- 0.96	Net Interest Income
Net Income	- 0.95	Interest Expense