Hitek Global Inc. (HKIT) 10-Year Financial Performance & Capital Metrics

HKIT • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

AboutHitek Global Inc. provides information technology (IT) consulting and solutions to business in various industry sectors in China. It offers services to small and medium businesses, which consist of anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells hardware to large businesses, such as laptops, printers, desktop computers and related accessories, as well as Internet servers, cameras, and monitors. Hitek Global Inc. was founded in 1996 and is headquartered in Xiamen, China.Show more

Revenue $3M -36.3%
EBITDA -$1M -1060.4%
Net Income -$897K -185.6%
EPS (Diluted) -0.06 -178.9%
Gross Margin 34.63% -17.7%
EBITDA Margin -51.21% -1608.8%
Operating Margin -60.14% -2816.0%
Net Margin -30.87% -234.5%
ROE -2.82% -156.3%
ROIC -5.02% -1313.4%
Debt/Equity 0.07 -22.0%
Interest Coverage -5.57 -1828.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Healthy 5Y average net margin of 13.8%
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak 3Y average ROE of 4.3%
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Sales declining 16.0% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-15.97%

3Y-23.39%

TTM-42.06%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-95.11%

EPS CAGR

10Y-

5Y-

3Y-

TTM-81.84%

ROCE

10Y Avg21.75%

5Y Avg7.62%

3Y Avg1.96%

Latest-4.92%

Peer Comparison

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LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.9M	6.89M	6.92M	6.93M	5.8M	6.46M	6.43M	4.56M	2.9M
Revenue Growth %	-	-0%	0%	0%	-0.16%	0.11%	-0.01%	-0.29%	-0.36%
Cost of Goods Sold+	5.07M	3.21M	3.04M	3.19M	2.63M	2.58M	2.89M	2.64M	1.9M
COGS % of Revenue	0.74%	0.47%	0.44%	0.46%	0.45%	0.4%	0.45%	0.58%	0.65%
Gross Profit+	1.83M	3.68M	3.88M	3.75M	3.17M	3.88M	3.54M	1.92M	1.01M
Gross Margin %	0.26%	0.53%	0.56%	0.54%	0.55%	0.6%	0.55%	0.42%	0.35%
Gross Profit Growth %	-	1.01%	0.05%	-0.03%	-0.15%	0.22%	-0.09%	-0.46%	-0.48%
Operating Expenses+	1.41M	1.04M	1.04M	1.5M	1.42M	1.77M	1.91M	1.82M	2.75M
OpEx % of Revenue	0.2%	0.15%	0.15%	0.22%	0.24%	0.27%	0.3%	0.4%	0.95%
Selling, General & Admin	1.39M	1.08M	1.07M	1.55M	1.42M	1.78M	1.91M	1.82M	2.75M
SG&A % of Revenue	0.2%	0.16%	0.15%	0.22%	0.24%	0.27%	0.3%	0.4%	0.95%
Research & Development	23.91K	24.16K	26.83K	25.32K	35.9K	43.66K	42.05K	38.22K	0
R&D % of Revenue	0%	0%	0%	0%	0.01%	0.01%	0.01%	0.01%	-
Other Operating Expenses	0	-37.22K	-33.52K	-75.95K	-35.9K	-50.54K	-42.05K	-38.22K	0
Operating Income+	413.2K	2.6M	2.8M	2.19M	1.75M	2.1M	1.63M	101.06K	-1.75M
Operating Margin %	0.06%	0.38%	0.41%	0.32%	0.3%	0.33%	0.25%	0.02%	-0.6%
Operating Income Growth %	-	5.29%	0.08%	-0.22%	-0.2%	0.2%	-0.23%	-0.94%	-18.29%
EBITDA+	444.78K	2.63M	2.88M	2.57M	2.13M	2.46M	1.65M	154.89K	-1.49M
EBITDA Margin %	0.06%	0.38%	0.42%	0.37%	0.37%	0.38%	0.26%	0.03%	-0.51%
EBITDA Growth %	-	4.91%	0.1%	-0.11%	-0.17%	0.15%	-0.33%	-0.91%	-10.6%
D&A (Non-Cash Add-back)	31.58K	30.78K	75.5K	379.86K	378.59K	355.74K	21.88K	53.83K	259.55K
EBIT	413.2K	2.64M	2.7M	2.24M	1.96M	2.21M	1.87M	1.91M	-543.01K
Net Interest Income+	0	-4.02K	-4.68K	-4.84K	102.18K	10.52K	260.2K	598.01K	607.29K
Interest Income	5.17K	0	0	0	102.18K	10.52K	545.55K	911.88K	921.23K
Interest Expense	0	4.02K	4.68K	4.84K	0	0	285.35K	313.86K	313.94K
Other Income/Expense	72.12K	36.12K	-112.41K	166.12K	204.32K	108.68K	241.75K	1.49M	890.2K
Pretax Income+	485.32K	2.63M	2.69M	2.36M	1.96M	2.21M	1.87M	1.59M	-856.94K
Pretax Margin %	0.07%	0.38%	0.39%	0.34%	0.34%	0.34%	0.29%	0.35%	-0.29%
Income Tax+	105.3K	498.61K	472.69K	339.18K	269.24K	542.85K	453.22K	546.88K	39.75K
Effective Tax Rate %	0.78%	0.81%	0.82%	0.86%	0.86%	0.75%	0.76%	0.66%	1.05%
Net Income+	380.02K	2.14M	2.22M	2.02M	1.69M	1.67M	1.42M	1.05M	-896.69K
Net Margin %	0.06%	0.31%	0.32%	0.29%	0.29%	0.26%	0.22%	0.23%	-0.31%
Net Income Growth %	-	4.62%	0.04%	-0.09%	-0.16%	-0.01%	-0.15%	-0.26%	-1.86%
Net Income (Continuing)	380.02K	2.14M	2.22M	2.02M	1.69M	1.67M	1.42M	1.05M	-896.69K
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.02	0.14	0.15	0.13	0.15	0.11	0.13	0.08	-0.06
EPS Growth %	-	4.74%	0.07%	-0.13%	0.15%	-0.27%	0.18%	-0.39%	-1.79%
EPS (Basic)	0.02	0.15	0.15	0.13	0.15	0.11	0.13	0.08	-0.04
Diluted Shares Outstanding	15.59M	10.99M	14.99M	15.59M	10.99M	14.99M	10.99M	13.26M	14.39M
Basic Shares Outstanding	15.59M	14.19M	14.99M	15.59M	10.99M	14.99M	10.99M	13.26M	14.39M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.33M	6.88M	5.74M	8.02M	10.78M	12.97M	11.18M	24.79M	34.19M
Cash & Short-Term Investments	1.94M	2.64M	2.83M	2.74M	4.69M	7.29M	5.49M	18.15M	30.17M
Cash Only	215.06K	867.57K	739.62K	776.22K	1.86M	2.09M	1.2M	9.31M	7.24M
Short-Term Investments	1.73M	1.77M	2.09M	1.97M	2.83M	5.2M	4.29M	8.84M	22.93M
Accounts Receivable	1.23M	1.98M	1.89M	3.97M	3.89M	3.09M	4.77M	6.06M	2.84M
Days Sales Outstanding	65.17	104.8	99.59	208.81	244.89	174.47	271.08	484.28	356.97
Inventory	539.93K	277.57K	72.5K	513.05K	119.81K	409.02K	912.44K	557.67K	154.47K
Days Inventory Outstanding	38.88	31.59	8.71	58.73	16.61	57.84	115.18	77.03	29.69
Other Current Assets	589.39K	150.31K	408.4K	789.61K	1.17M	1.03M	0	0	0
Total Non-Current Assets+	262.79K	252.91K	3.48M	3.46M	3.63M	4.17M	9.1M	10.64M	7.36M
Property, Plant & Equipment	262.79K	252.91K	1.24M	847.95K	504.2K	156.76K	129.61K	406.64K	744.94K
Fixed Asset Turnover	26.24x	27.23x	5.58x	8.18x	11.51x	41.22x	49.60x	11.22x	3.90x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	2.24M	2.62M	2.82M	3.68M	8.55M	1M	6.61M
Other Non-Current Assets	0	0	2.24M	2.62M	3.12M	4.02M	7.67M	9.23M	0
Total Assets+	4.59M	7.14M	9.22M	11.49M	14.41M	17.14M	21.21M	35.43M	41.54M
Asset Turnover	1.50x	0.97x	0.75x	0.60x	0.40x	0.38x	0.30x	0.13x	0.07x
Asset Growth %	-	0.55%	0.29%	0.25%	0.25%	0.19%	0.24%	0.67%	0.17%
Total Current Liabilities+	2.25M	1.96M	1.92M	1.97M	2.38M	2.79M	4.2M	3.37M	2.61M
Accounts Payable	569.9K	383.52K	222.94K	185.22K	379.41K	518.74K	696.73K	532.13K	255.95K
Days Payables Outstanding	41.04	43.64	26.77	21.2	52.59	73.35	87.95	73.5	49.19
Short-Term Debt	655.18K	0	0	0	0	0	506.58K	493.16K	479.5K
Deferred Revenue (Current)	785.88K	877.61K	795.34K	763.19K	752.29K	784.53K	977.05K	171.38K	66.75K
Other Current Liabilities	794.97K	371.95K	557.13K	746.78K	922.06K	1.11M	1.34M	1.43M	0
Current Ratio	1.93x	3.52x	2.99x	4.08x	4.53x	4.65x	2.66x	7.35x	13.08x
Quick Ratio	1.69x	3.38x	2.95x	3.82x	4.48x	4.50x	2.44x	7.18x	13.02x
Cash Conversion Cycle	63.01	92.75	81.53	246.33	208.9	158.96	298.31	487.81	337.47
Total Non-Current Liabilities+	0	1.26M	262.64K	563.66K	857.36K	1.23M	3.47M	3.72M	3.65M
Long-Term Debt	0	0	0	0	0	0	2.17M	2.11M	2.05M
Capital Lease Obligations	0	0	0	0	0	0	3.4K	0	0
Deferred Tax Liabilities	0	0	262.64K	563.66K	0	1.23M	2.28M	1.6M	1.6M
Other Non-Current Liabilities	0	0	0	0	0	0	1.3M	1.6M	0
Total Liabilities	2.25M	1.96M	2.18M	2.53M	3.24M	4.01M	7.68M	7.09M	6.27M
Total Debt+	655.18K	155.38K	0	0	0	0	2.68M	2.61M	2.53M
Net Debt	440.11K	-712.19K	-739.62K	-776.22K	-1.86M	-2.09M	1.48M	-6.7M	-4.7M
Debt / Equity	0.28x	0.03x	-	-	-	-	0.20x	0.09x	0.07x
Debt / EBITDA	1.47x	0.06x	-	-	-	-	1.63x	16.85x	-
Net Debt / EBITDA	0.99x	-0.27x	-0.26x	-0.30x	-0.87x	-0.85x	0.90x	-43.27x	-
Interest Coverage	-	645.56x	599.81x	453.00x	-	-	5.70x	0.32x	-5.57x
Total Equity+	2.35M	5.18M	7.04M	8.96M	11.17M	13.13M	13.53M	28.34M	35.27M
Equity Growth %	-	1.21%	0.36%	0.27%	0.25%	0.18%	0.03%	1.09%	0.24%
Book Value per Share	0.15	0.47	0.47	0.57	1.02	0.88	1.23	2.14	2.45
Total Shareholders' Equity	2.35M	5.18M	7.04M	8.96M	11.17M	13.13M	13.53M	28.34M	35.27M
Common Stock	1.1K	1.1K	1.1K	1.1K	1.1K	1.1K	1.1K	1.44K	2.93K
Retained Earnings	-70.69K	1.85M	3.84M	5.74M	7.38M	8.99M	10.34M	11.39M	10.49M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	238.72K	700.23K	571.47K	588.62K	1.16M	1.5M	556.96K	226.85K	-139.13K
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.7K	179.93K	321.38K	43.27K	1.93M	-214.57K	3.82M	-61.91K	-688.54K
Operating CF Margin %	0%	0.03%	0.05%	0.01%	0.33%	-0.03%	0.59%	-0.01%	-0.24%
Operating CF Growth %	-	13.16%	0.79%	-0.87%	43.67%	-1.11%	18.82%	-1.02%	-10.12%
Net Income	380.02K	2.14M	2.22M	2.02M	1.69M	1.67M	1.42M	1.05M	-896.69K
Depreciation & Amortization	31.58K	30.78K	75.5K	379.86K	378.59K	355.74K	21.88K	53.83K	259.55K
Stock-Based Compensation	0	0	0	0	0	0	0	0	0
Deferred Taxes	1.67K	392.22K	371.57K	306.74K	242.3K	340.62K	177.03K	339.33K	39.75K
Other Non-Cash Items	845.3K	26.39K	0	-195.03K	-132.74K	-238.97K	-6.56K	-2M	82.94K
Working Capital Changes	-432.92K	-2.4M	-2.51M	-2.47M	-244.16K	-2.34M	2.22M	500.23K	-174.09K
Change in Receivables	-315.24K	-553.41K	-2.54M	-2.29M	1.12M	-521.9K	-1.99M	957.68K	2.99M
Change in Inventory	-144.67K	232.62K	168.99K	-378.03K	397.6K	-276.67K	-57.9K	667.09K	59.8K
Change in Payables	-289.88K	-216.35K	-145.48K	-35.23K	172.03K	127.42K	225.2K	-146.64K	-265.2K
Cash from Investing+	1.01K	-4.22K	-405.49K	0	-865.05K	400.01K	-7.35M	-6.95M	-9.56M
Capital Expenditures	-4.86K	-4.22K	-405.49K	0	-430.27K	-25.58K	-5.62M	-186.5K	-290.49K
CapEx % of Revenue	0%	0%	0.06%	-	0.07%	0%	0.87%	0.04%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	5.87K	0	0	0	-285.35K	-370.55K	199.46K	-2.92M	2.44M
Cash from Financing+	1.45M	449.07K	0	0	0	0	2.75M	15.14M	8.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	1.45M	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	7.84K	175.71K	-84.11K	43.27K	1.5M	-240.16K	-1.79M	-587.72K	-979.03K
FCF Margin %	0%	0.03%	-0.01%	0.01%	0.26%	-0.04%	-0.28%	-0.13%	-0.34%
FCF Growth %	-	21.41%	-1.48%	1.51%	33.73%	-1.16%	-6.46%	0.67%	-0.67%
FCF per Share	0.00	0.02	-0.01	0.00	0.14	-0.02	-0.16	-0.04	-0.07
FCF Conversion (FCF/Net Income)	0.03x	0.08x	0.14x	0.02x	1.14x	-0.13x	2.70x	-0.06x	0.77x
Interest Paid	0	0	0	0	0	0	263.65K	287.71K	51.42K
Taxes Paid	0	46.21K	113.26K	64.46K	26.3K	32.65K	45K	36.5K	79.14K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.18%	56.72%	36.34%	25.25%	16.79%	13.74%	10.62%	5%	-2.82%
Return on Invested Capital (ROIC)	11.11%	53.7%	39.08%	22.71%	15.05%	15.51%	9.37%	0.41%	-5.02%
Gross Margin	26.49%	53.43%	56.05%	54.01%	54.63%	60.05%	55.02%	42.1%	34.63%
Net Margin	5.51%	31%	32.09%	29.12%	29.09%	25.84%	22.02%	22.96%	-30.87%
Debt / Equity	0.28x	0.03x	-	-	-	-	0.20x	0.09x	0.07x
Interest Coverage	-	645.56x	599.81x	453.00x	-	-	5.70x	0.32x	-5.57x
FCF Conversion	0.03x	0.08x	0.14x	0.02x	1.14x	-0.13x	2.70x	-0.06x	0.77x
Revenue Growth	-	-0.11%	0.41%	0.26%	-16.29%	11.31%	-0.5%	-29.01%	-36.35%

Revenue by Segment

	2022	2023	2024
Software Member	2.12M	758.82K	823.75K
Software Member Growth	-	-64.22%	8.56%

Frequently Asked Questions

Growth & Financials

Hitek Global Inc. (HKIT) reported $7.5M in revenue for fiscal year 2024. This represents a 8% increase from $6.9M in 2016.

Hitek Global Inc. (HKIT) saw revenue decline by 36.3% over the past year.

Yes, Hitek Global Inc. (HKIT) is profitable, generating $0.2M in net income for fiscal year 2024 (-30.9% net margin).

Dividend & Returns

Hitek Global Inc. (HKIT) has a return on equity (ROE) of -2.8%. Negative ROE indicates the company is unprofitable.

Hitek Global Inc. (HKIT) had negative free cash flow of $1.0M in fiscal year 2024, likely due to heavy capital investments.

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Hitek Global Inc. (HKIT) 10-Year Financial Performance & Capital Metrics

HKIT • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

Revenue $3M -36.3%
EBITDA -$1M -1060.4%
Net Income -$897K -185.6%
EPS (Diluted) -0.06 -178.9%
Gross Margin 34.63% -17.7%
EBITDA Margin -51.21% -1608.8%
Operating Margin -60.14% -2816.0%
Net Margin -30.87% -234.5%
ROE -2.82% -156.3%
ROIC -5.02% -1313.4%
Debt/Equity 0.07 -22.0%
Interest Coverage -5.57 -1828.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Healthy 5Y average net margin of 13.8%
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak 3Y average ROE of 4.3%
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Sales declining 16.0% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-15.97%

3Y-23.39%

TTM-42.06%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-95.11%

EPS CAGR

10Y-

5Y-

3Y-

TTM-81.84%

ROCE

10Y Avg21.75%

5Y Avg7.62%

3Y Avg1.96%

Latest-4.92%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.9M	6.89M	6.92M	6.93M	5.8M	6.46M	6.43M	4.56M	2.9M
Revenue Growth %	-	-0%	0%	0%	-0.16%	0.11%	-0.01%	-0.29%	-0.36%
Cost of Goods Sold+	5.07M	3.21M	3.04M	3.19M	2.63M	2.58M	2.89M	2.64M	1.9M
COGS % of Revenue	0.74%	0.47%	0.44%	0.46%	0.45%	0.4%	0.45%	0.58%	0.65%
Gross Profit+	1.83M	3.68M	3.88M	3.75M	3.17M	3.88M	3.54M	1.92M	1.01M
Gross Margin %	0.26%	0.53%	0.56%	0.54%	0.55%	0.6%	0.55%	0.42%	0.35%
Gross Profit Growth %	-	1.01%	0.05%	-0.03%	-0.15%	0.22%	-0.09%	-0.46%	-0.48%
Operating Expenses+	1.41M	1.04M	1.04M	1.5M	1.42M	1.77M	1.91M	1.82M	2.75M
OpEx % of Revenue	0.2%	0.15%	0.15%	0.22%	0.24%	0.27%	0.3%	0.4%	0.95%
Selling, General & Admin	1.39M	1.08M	1.07M	1.55M	1.42M	1.78M	1.91M	1.82M	2.75M
SG&A % of Revenue	0.2%	0.16%	0.15%	0.22%	0.24%	0.27%	0.3%	0.4%	0.95%
Research & Development	23.91K	24.16K	26.83K	25.32K	35.9K	43.66K	42.05K	38.22K	0
R&D % of Revenue	0%	0%	0%	0%	0.01%	0.01%	0.01%	0.01%	-
Other Operating Expenses	0	-37.22K	-33.52K	-75.95K	-35.9K	-50.54K	-42.05K	-38.22K	0
Operating Income+	413.2K	2.6M	2.8M	2.19M	1.75M	2.1M	1.63M	101.06K	-1.75M
Operating Margin %	0.06%	0.38%	0.41%	0.32%	0.3%	0.33%	0.25%	0.02%	-0.6%
Operating Income Growth %	-	5.29%	0.08%	-0.22%	-0.2%	0.2%	-0.23%	-0.94%	-18.29%
EBITDA+	444.78K	2.63M	2.88M	2.57M	2.13M	2.46M	1.65M	154.89K	-1.49M
EBITDA Margin %	0.06%	0.38%	0.42%	0.37%	0.37%	0.38%	0.26%	0.03%	-0.51%
EBITDA Growth %	-	4.91%	0.1%	-0.11%	-0.17%	0.15%	-0.33%	-0.91%	-10.6%
D&A (Non-Cash Add-back)	31.58K	30.78K	75.5K	379.86K	378.59K	355.74K	21.88K	53.83K	259.55K
EBIT	413.2K	2.64M	2.7M	2.24M	1.96M	2.21M	1.87M	1.91M	-543.01K
Net Interest Income+	0	-4.02K	-4.68K	-4.84K	102.18K	10.52K	260.2K	598.01K	607.29K
Interest Income	5.17K	0	0	0	102.18K	10.52K	545.55K	911.88K	921.23K
Interest Expense	0	4.02K	4.68K	4.84K	0	0	285.35K	313.86K	313.94K
Other Income/Expense	72.12K	36.12K	-112.41K	166.12K	204.32K	108.68K	241.75K	1.49M	890.2K
Pretax Income+	485.32K	2.63M	2.69M	2.36M	1.96M	2.21M	1.87M	1.59M	-856.94K
Pretax Margin %	0.07%	0.38%	0.39%	0.34%	0.34%	0.34%	0.29%	0.35%	-0.29%
Income Tax+	105.3K	498.61K	472.69K	339.18K	269.24K	542.85K	453.22K	546.88K	39.75K
Effective Tax Rate %	0.78%	0.81%	0.82%	0.86%	0.86%	0.75%	0.76%	0.66%	1.05%
Net Income+	380.02K	2.14M	2.22M	2.02M	1.69M	1.67M	1.42M	1.05M	-896.69K
Net Margin %	0.06%	0.31%	0.32%	0.29%	0.29%	0.26%	0.22%	0.23%	-0.31%
Net Income Growth %	-	4.62%	0.04%	-0.09%	-0.16%	-0.01%	-0.15%	-0.26%	-1.86%
Net Income (Continuing)	380.02K	2.14M	2.22M	2.02M	1.69M	1.67M	1.42M	1.05M	-896.69K
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.02	0.14	0.15	0.13	0.15	0.11	0.13	0.08	-0.06
EPS Growth %	-	4.74%	0.07%	-0.13%	0.15%	-0.27%	0.18%	-0.39%	-1.79%
EPS (Basic)	0.02	0.15	0.15	0.13	0.15	0.11	0.13	0.08	-0.04
Diluted Shares Outstanding	15.59M	10.99M	14.99M	15.59M	10.99M	14.99M	10.99M	13.26M	14.39M
Basic Shares Outstanding	15.59M	14.19M	14.99M	15.59M	10.99M	14.99M	10.99M	13.26M	14.39M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.33M	6.88M	5.74M	8.02M	10.78M	12.97M	11.18M	24.79M	34.19M
Cash & Short-Term Investments	1.94M	2.64M	2.83M	2.74M	4.69M	7.29M	5.49M	18.15M	30.17M
Cash Only	215.06K	867.57K	739.62K	776.22K	1.86M	2.09M	1.2M	9.31M	7.24M
Short-Term Investments	1.73M	1.77M	2.09M	1.97M	2.83M	5.2M	4.29M	8.84M	22.93M
Accounts Receivable	1.23M	1.98M	1.89M	3.97M	3.89M	3.09M	4.77M	6.06M	2.84M
Days Sales Outstanding	65.17	104.8	99.59	208.81	244.89	174.47	271.08	484.28	356.97
Inventory	539.93K	277.57K	72.5K	513.05K	119.81K	409.02K	912.44K	557.67K	154.47K
Days Inventory Outstanding	38.88	31.59	8.71	58.73	16.61	57.84	115.18	77.03	29.69
Other Current Assets	589.39K	150.31K	408.4K	789.61K	1.17M	1.03M	0	0	0
Total Non-Current Assets+	262.79K	252.91K	3.48M	3.46M	3.63M	4.17M	9.1M	10.64M	7.36M
Property, Plant & Equipment	262.79K	252.91K	1.24M	847.95K	504.2K	156.76K	129.61K	406.64K	744.94K
Fixed Asset Turnover	26.24x	27.23x	5.58x	8.18x	11.51x	41.22x	49.60x	11.22x	3.90x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	2.24M	2.62M	2.82M	3.68M	8.55M	1M	6.61M
Other Non-Current Assets	0	0	2.24M	2.62M	3.12M	4.02M	7.67M	9.23M	0
Total Assets+	4.59M	7.14M	9.22M	11.49M	14.41M	17.14M	21.21M	35.43M	41.54M
Asset Turnover	1.50x	0.97x	0.75x	0.60x	0.40x	0.38x	0.30x	0.13x	0.07x
Asset Growth %	-	0.55%	0.29%	0.25%	0.25%	0.19%	0.24%	0.67%	0.17%
Total Current Liabilities+	2.25M	1.96M	1.92M	1.97M	2.38M	2.79M	4.2M	3.37M	2.61M
Accounts Payable	569.9K	383.52K	222.94K	185.22K	379.41K	518.74K	696.73K	532.13K	255.95K
Days Payables Outstanding	41.04	43.64	26.77	21.2	52.59	73.35	87.95	73.5	49.19
Short-Term Debt	655.18K	0	0	0	0	0	506.58K	493.16K	479.5K
Deferred Revenue (Current)	785.88K	877.61K	795.34K	763.19K	752.29K	784.53K	977.05K	171.38K	66.75K
Other Current Liabilities	794.97K	371.95K	557.13K	746.78K	922.06K	1.11M	1.34M	1.43M	0
Current Ratio	1.93x	3.52x	2.99x	4.08x	4.53x	4.65x	2.66x	7.35x	13.08x
Quick Ratio	1.69x	3.38x	2.95x	3.82x	4.48x	4.50x	2.44x	7.18x	13.02x
Cash Conversion Cycle	63.01	92.75	81.53	246.33	208.9	158.96	298.31	487.81	337.47
Total Non-Current Liabilities+	0	1.26M	262.64K	563.66K	857.36K	1.23M	3.47M	3.72M	3.65M
Long-Term Debt	0	0	0	0	0	0	2.17M	2.11M	2.05M
Capital Lease Obligations	0	0	0	0	0	0	3.4K	0	0
Deferred Tax Liabilities	0	0	262.64K	563.66K	0	1.23M	2.28M	1.6M	1.6M
Other Non-Current Liabilities	0	0	0	0	0	0	1.3M	1.6M	0
Total Liabilities	2.25M	1.96M	2.18M	2.53M	3.24M	4.01M	7.68M	7.09M	6.27M
Total Debt+	655.18K	155.38K	0	0	0	0	2.68M	2.61M	2.53M
Net Debt	440.11K	-712.19K	-739.62K	-776.22K	-1.86M	-2.09M	1.48M	-6.7M	-4.7M
Debt / Equity	0.28x	0.03x	-	-	-	-	0.20x	0.09x	0.07x
Debt / EBITDA	1.47x	0.06x	-	-	-	-	1.63x	16.85x	-
Net Debt / EBITDA	0.99x	-0.27x	-0.26x	-0.30x	-0.87x	-0.85x	0.90x	-43.27x	-
Interest Coverage	-	645.56x	599.81x	453.00x	-	-	5.70x	0.32x	-5.57x
Total Equity+	2.35M	5.18M	7.04M	8.96M	11.17M	13.13M	13.53M	28.34M	35.27M
Equity Growth %	-	1.21%	0.36%	0.27%	0.25%	0.18%	0.03%	1.09%	0.24%
Book Value per Share	0.15	0.47	0.47	0.57	1.02	0.88	1.23	2.14	2.45
Total Shareholders' Equity	2.35M	5.18M	7.04M	8.96M	11.17M	13.13M	13.53M	28.34M	35.27M
Common Stock	1.1K	1.1K	1.1K	1.1K	1.1K	1.1K	1.1K	1.44K	2.93K
Retained Earnings	-70.69K	1.85M	3.84M	5.74M	7.38M	8.99M	10.34M	11.39M	10.49M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	238.72K	700.23K	571.47K	588.62K	1.16M	1.5M	556.96K	226.85K	-139.13K
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.7K	179.93K	321.38K	43.27K	1.93M	-214.57K	3.82M	-61.91K	-688.54K
Operating CF Margin %	0%	0.03%	0.05%	0.01%	0.33%	-0.03%	0.59%	-0.01%	-0.24%
Operating CF Growth %	-	13.16%	0.79%	-0.87%	43.67%	-1.11%	18.82%	-1.02%	-10.12%
Net Income	380.02K	2.14M	2.22M	2.02M	1.69M	1.67M	1.42M	1.05M	-896.69K
Depreciation & Amortization	31.58K	30.78K	75.5K	379.86K	378.59K	355.74K	21.88K	53.83K	259.55K
Stock-Based Compensation	0	0	0	0	0	0	0	0	0
Deferred Taxes	1.67K	392.22K	371.57K	306.74K	242.3K	340.62K	177.03K	339.33K	39.75K
Other Non-Cash Items	845.3K	26.39K	0	-195.03K	-132.74K	-238.97K	-6.56K	-2M	82.94K
Working Capital Changes	-432.92K	-2.4M	-2.51M	-2.47M	-244.16K	-2.34M	2.22M	500.23K	-174.09K
Change in Receivables	-315.24K	-553.41K	-2.54M	-2.29M	1.12M	-521.9K	-1.99M	957.68K	2.99M
Change in Inventory	-144.67K	232.62K	168.99K	-378.03K	397.6K	-276.67K	-57.9K	667.09K	59.8K
Change in Payables	-289.88K	-216.35K	-145.48K	-35.23K	172.03K	127.42K	225.2K	-146.64K	-265.2K
Cash from Investing+	1.01K	-4.22K	-405.49K	0	-865.05K	400.01K	-7.35M	-6.95M	-9.56M
Capital Expenditures	-4.86K	-4.22K	-405.49K	0	-430.27K	-25.58K	-5.62M	-186.5K	-290.49K
CapEx % of Revenue	0%	0%	0.06%	-	0.07%	0%	0.87%	0.04%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	5.87K	0	0	0	-285.35K	-370.55K	199.46K	-2.92M	2.44M
Cash from Financing+	1.45M	449.07K	0	0	0	0	2.75M	15.14M	8.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	1.45M	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	7.84K	175.71K	-84.11K	43.27K	1.5M	-240.16K	-1.79M	-587.72K	-979.03K
FCF Margin %	0%	0.03%	-0.01%	0.01%	0.26%	-0.04%	-0.28%	-0.13%	-0.34%
FCF Growth %	-	21.41%	-1.48%	1.51%	33.73%	-1.16%	-6.46%	0.67%	-0.67%
FCF per Share	0.00	0.02	-0.01	0.00	0.14	-0.02	-0.16	-0.04	-0.07
FCF Conversion (FCF/Net Income)	0.03x	0.08x	0.14x	0.02x	1.14x	-0.13x	2.70x	-0.06x	0.77x
Interest Paid	0	0	0	0	0	0	263.65K	287.71K	51.42K
Taxes Paid	0	46.21K	113.26K	64.46K	26.3K	32.65K	45K	36.5K	79.14K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.18%	56.72%	36.34%	25.25%	16.79%	13.74%	10.62%	5%	-2.82%
Return on Invested Capital (ROIC)	11.11%	53.7%	39.08%	22.71%	15.05%	15.51%	9.37%	0.41%	-5.02%
Gross Margin	26.49%	53.43%	56.05%	54.01%	54.63%	60.05%	55.02%	42.1%	34.63%
Net Margin	5.51%	31%	32.09%	29.12%	29.09%	25.84%	22.02%	22.96%	-30.87%
Debt / Equity	0.28x	0.03x	-	-	-	-	0.20x	0.09x	0.07x
Interest Coverage	-	645.56x	599.81x	453.00x	-	-	5.70x	0.32x	-5.57x
FCF Conversion	0.03x	0.08x	0.14x	0.02x	1.14x	-0.13x	2.70x	-0.06x	0.77x
Revenue Growth	-	-0.11%	0.41%	0.26%	-16.29%	11.31%	-0.5%	-29.01%	-36.35%

Revenue by Segment

	2022	2023	2024
Software Member	2.12M	758.82K	823.75K
Software Member Growth	-	-64.22%	8.56%

Frequently Asked Questions

Growth & Financials

Hitek Global Inc. (HKIT) reported $7.5M in revenue for fiscal year 2024. This represents a 8% increase from $6.9M in 2016.

Hitek Global Inc. (HKIT) saw revenue decline by 36.3% over the past year.

Yes, Hitek Global Inc. (HKIT) is profitable, generating $0.2M in net income for fiscal year 2024 (-30.9% net margin).

Dividend & Returns

Hitek Global Inc. (HKIT) has a return on equity (ROE) of -2.8%. Negative ROE indicates the company is unprofitable.

Hitek Global Inc. (HKIT) had negative free cash flow of $1.0M in fiscal year 2024, likely due to heavy capital investments.