Wetouch Technology (WETH) Income Statement: Revenue & Earnings

Wetouch Technology Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Wetouch Technology Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	42.28	39.71	37.92	40.79	31.35
Cost of Revenue	28.67	22.52	23.87	22.35	15.74
Gross Profit	13.61	17.19	14.05	18.43	15.61
Operating Expenses
Research & Development	0.00	0.08	0.09	0.09	0.08
Selling, General & Administrative	4.29	4.46	2.55	5.72	2.59
Operating Expenses	4.29	4.54	2.64	5.11	3.73
Operating Income	9.32	12.65	11.41	13.32	11.88
Other Income/Expense
Interest Income	0.15	0.12	0.12	0.10	0.08
Interest Expense	1.17	0.25	-0.22	0.03	-1.73
Other Income/Expense	-0.63	-0.17	0.87	8.41	0.25
Income
Income Before Tax	8.69	12.35	12.08	21.80	10.48
Income Tax Expense	2.66	4.08	3.35	4.41	1.55
Net Income	6.03	8.26	8.73	17.39	8.93
Net Income - Continuous Operations	6.03	8.26	8.73	17.39	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	9.33	12.61	11.42	22.20	12.94
EBIT	9.32	12.60	11.41	21.82	11.88
Depreciation & Amortization	0.01	0.01	0.01	0.38	1.06
Earnings Per Share
Basic EPS	1.00	1.00	5.00	11.00	6.00
Diluted EPS	1.00	1.00	5.00	11.00	6.00
Basic Shares Outstanding	11.63	9.29	1.62	1.59	1.44
Diluted Shares Outstanding	11.68	9.38	1.84	1.63	1.45