Recon Technology, Ltd. (RCON) 10-Year Financial Performance & Capital Metrics

RCON • • Industrial / General

EnergyOilfield ServicesCompletion & Production EquipmentProduction Equipment & Services

AboutRecon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions. It also provides equipment for oil and gas production and transportation, including heating furnaces and burner, as well as enhancing techniques comprising packers of fracturing; production packers; sand prevention in oil and water wells; water locating and plugging techniques; fissure shaper; fracture acidizing techniques; and electronic broken-down services to resolve block-up and freezing problems. In addition, the company offers automation systems and services, including pumping unit controller that monitors the pumping units and collects data; RTU to monitor natural gas wells and collect gas well pressure data; wireless dynamometers and wireless pressure gauges; electric multi-way valves for oilfield metering station flow control; and natural gas flow computer systems. Further, it provides Recon SCADA oilfield monitor and data acquisition system for supervision and data collection; EPC service of pipeline SCADA system for pipeline monitoring and data acquisition; EPC service of oil and gas wells SCADA system for monitoring and data acquisition of oil wells and natural gas wells; EPC service of oilfield video surveillance and control system to control the oil and gas wellhead and measurement station areas; and technique service for digital oilfield transformation. Additionally, the company offers oilfield waste water treatment solutions and related chemicals; and oily sludge disposal solutions. Recon Technology, Ltd. was incorporated in 2007 and is headquartered in Beijing, the People's Republic of China.Show more

Revenue $66M -3.7%
EBITDA -$54M +21.3%
Net Income -$43M +14.6%
EPS (Diluted) -4.68 +52.6%
Gross Margin 22.99% -24.2%
EBITDA Margin -81.73% +18.2%
Operating Margin -86.47% +16.9%
Net Margin -64.25% +11.3%
ROE -9.01% +15.9%
ROIC -10.61% +21.9%
Debt/Equity 0.08 -7.2%
Interest Coverage -372.30 -456.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.0x book value

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 23.4% in last year
✗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

10Y2.55%

5Y0.36%

3Y-7.51%

TTM-26.77%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM14.6%

EPS CAGR

10Y-

5Y-

3Y-

TTM60.87%

ROCE

10Y Avg-30.4%

5Y Avg-15.88%

3Y Avg-13.92%

Latest-11.82%

Peer Comparison

Production Equipment & Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FLOCFlowco Holdings Inc.	561.6M	19.87	22.33	119.99%	15.83%	6.6%	15.79%	0.81
RNGRRanger Energy Services, Inc.	347.57M	14.72	18.17	-10.29%	2.72%	5.52%	14.5%	0.12
STAKSTAK Inc. Ordinary Shares	3.9M	0.39	1.77	-10.53%	12.91%	26.11%		0.42
RCONRecon Technology, Ltd.	15.09M	1.42	-0.30	-3.73%	-64.25%	-9.38%		0.08

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	42.73M	60.05M	84.43M	102.38M	65.12M	47.94M	83.78M	67.11M	68.85M	66.29M
Revenue Growth %	-0.17%	0.41%	0.41%	0.21%	-0.36%	-0.26%	0.75%	-0.2%	0.03%	-0.04%
Cost of Goods Sold+	35.48M	44.09M	80.28M	72.52M	45.51M	40.72M	64.35M	48.25M	47.98M	51.04M
COGS % of Revenue	0.83%	0.73%	0.95%	0.71%	0.7%	0.85%	0.77%	0.72%	0.7%	0.77%
Gross Profit+	7.25M	15.96M	4.15M	29.87M	19.61M	7.22M	19.42M	18.87M	20.88M	15.24M
Gross Margin %	0.17%	0.27%	0.05%	0.29%	0.3%	0.15%	0.23%	0.28%	0.3%	0.23%
Gross Profit Growth %	-0.28%	1.2%	-0.74%	6.2%	-0.34%	-0.63%	1.69%	-0.03%	0.11%	-0.27%
Operating Expenses+	46.87M	46.44M	44.7M	52.96M	38.57M	67.67M	101.73M	88.2M	92.52M	72.56M
OpEx % of Revenue	1.1%	0.77%	0.53%	0.52%	0.59%	1.41%	1.21%	1.31%	1.34%	1.09%
Selling, General & Admin	25.83M	37.21M	42.7M	50.36M	30.54M	53.99M	93.43M	87.42M	74.14M	56.13M
SG&A % of Revenue	0.6%	0.62%	0.51%	0.49%	0.47%	1.13%	1.12%	1.3%	1.08%	0.85%
Research & Development	6.86M	7.6M	3.22M	3.13M	7.04M	5.85M	8.96M	8.81M	14.29M	16.43M
R&D % of Revenue	0.16%	0.13%	0.04%	0.03%	0.11%	0.12%	0.11%	0.13%	0.21%	0.25%
Other Operating Expenses	-2.44K	36.18K	65.54K	-538.24K	993.21K	7.84M	-670.82K	-8.03M	4.09M	0
Operating Income+	-39.91M	-30.61M	-40.92M	-23.09M	-18.97M	-61.58M	-82.3M	-69.33M	-71.64M	-57.32M
Operating Margin %	-0.93%	-0.51%	-0.48%	-0.23%	-0.29%	-1.28%	-0.98%	-1.03%	-1.04%	-0.86%
Operating Income Growth %	-0.12%	0.23%	-0.34%	0.44%	0.18%	-2.25%	-0.34%	0.16%	-0.03%	0.2%
EBITDA+	-38.96M	-29.75M	-39.81M	-21.97M	-15.95M	-58.43M	-75.82M	-62.4M	-68.79M	-54.17M
EBITDA Margin %	-0.91%	-0.5%	-0.47%	-0.21%	-0.24%	-1.22%	-0.91%	-0.93%	-1%	-0.82%
EBITDA Growth %	-0.11%	0.24%	-0.34%	0.45%	0.27%	-2.66%	-0.3%	0.18%	-0.1%	0.21%
D&A (Non-Cash Add-back)	955.08K	856.74K	1.12M	1.12M	3.02M	3.15M	6.48M	6.94M	2.84M	3.15M
EBIT	-39.43M	-30.35M	-44.46M	-23.79M	-18.39M	-60.81M	95.2M	-58.94M	-50.37M	-57.32M
Net Interest Income+	-719.82K	-474.89K	-829.49K	-1.55M	-1.4M	-1.29M	3.85M	11.09M	21.83M	1.7M
Interest Income	183.55K	73.99K	68.03K	40.39K	54.75K	918.63K	5.37M	13.6M	22.9M	1.86M
Interest Expense	903.37K	548.88K	897.52K	1.59M	1.45M	2.21M	1.52M	2.51M	1.07M	153.96K
Other Income/Expense	-425.6K	-284.42K	-4.43M	-1.14M	0	35.19M	175.99M	7.87M	20.2M	13.62M
Pretax Income+	-40.34M	-30.9M	-45.36M	-25.38M	-19.84M	-26.39M	93.68M	-61.46M	-51.44M	-43.7M
Pretax Margin %	-0.94%	-0.51%	-0.54%	-0.25%	-0.3%	-0.55%	1.12%	-0.92%	-0.75%	-0.66%
Income Tax+	545.85K	307.9K	16.23K	398.48K	282.32K	-524.25K	-613.87K	18.34K	30	1.58K
Effective Tax Rate %	1.01%	1.02%	0.97%	1.02%	1.01%	0.87%	1.02%	0.96%	0.97%	0.97%
Net Income+	-40.88M	-31.45M	-44.07M	-25.78M	-20.12M	-22.83M	95.59M	-59.17M	-49.87M	-42.59M
Net Margin %	-0.96%	-0.52%	-0.52%	-0.25%	-0.31%	-0.48%	1.14%	-0.88%	-0.72%	-0.64%
Net Income Growth %	-0.3%	0.23%	-0.4%	0.41%	0.22%	-0.13%	5.19%	-1.62%	0.16%	0.15%
Net Income (Continuing)	-40.88M	-31.2M	-45.38M	-25.78M	-20.12M	-25.87M	94.29M	-61.48M	-51.44M	-43.7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	8.22M	8.46M	10.86M	11.09M	10.61M	-7.58M	-7.75M	-10.06M	-11.62M	-13.46M
EPS (Diluted)+	-36.16	-24.50	-345.41	-118.73	-78.32	-32.40	55.52	-31.39	-9.88	-4.68
EPS Growth %	-0.12%	0.32%	-13.1%	0.66%	0.34%	0.59%	2.71%	-1.57%	0.69%	0.53%
EPS (Basic)	-36.16	-24.50	-345.42	-118.79	-78.32	-32.37	55.52	-31.39	-6.77	-4.68
Diluted Shares Outstanding	1.13M	1.28M	127.59K	217.16K	256.92K	705.39K	1.67M	1.88M	7.37M	9.09M
Basic Shares Outstanding	1.13M	1.28M	127.59K	217.05K	256.92K	704.71K	1.67M	1.88M	7.37M	9.09M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	74.32M	68.39M	100.83M	97.82M	129.28M	488.51M	445.62M	504.41M	506.49M	356.16M
Cash & Short-Term Investments	1.82M	3.81M	45.34M	4.52M	30.34M	344M	316.97M	288.31M	198.08M	102.47M
Cash Only	1.82M	3.81M	45.34M	4.52M	30.34M	344M	316.97M	104.13M	109.99M	98.87M
Short-Term Investments	0	0	0	0	0	0	0	184.18M	88.09M	3.6M
Accounts Receivable	42.76M	45.54M	28.25M	79.65M	65.05M	81.79M	67.27M	80.77M	252.53M	89.4M
Days Sales Outstanding	365.25	276.78	122.13	283.96	364.6	622.73	293.06	439.26	1.34K	492.28
Inventory	6.31M	2.63M	6.76M	1.27M	1.99M	3.64M	3.89M	6.33M	6.29M	15.96M
Days Inventory Outstanding	64.94	21.76	30.73	6.39	15.93	32.67	22.09	47.89	47.82	114.15
Other Current Assets	23.32M	-82.58K	3.89M	10.63M	31.54M	57.42M	56.61M	125.97M	44.03M	147.93M
Total Non-Current Assets+	5.13M	2.77M	20.97M	59.16M	65.13M	78.01M	44.63M	27.41M	45.9M	169.46M
Property, Plant & Equipment	2.91M	2.77M	14.95M	25.19M	32.31M	27.14M	31.15M	27.41M	45.9M	50.96M
Fixed Asset Turnover	14.69x	21.70x	5.65x	4.07x	2.02x	1.77x	2.69x	2.45x	1.50x	1.30x
Goodwill	0	0	0	0	0	7M	4.73M	0	0	0
Intangible Assets	0	0	1.34M	1.31M	1.28M	7.9M	7.18M	0	0	0
Long-Term Investments	0	0	0	31.08M	31.54M	27.93M	0	0	0	0
Other Non-Current Assets	2.22M	0	4.69M	1.58M	3.64K	8.04M	1.56M	3.64K	0	118.5M
Total Assets+	79.45M	71.16M	121.81M	156.98M	194.41M	566.52M	490.24M	531.82M	552.39M	525.62M
Asset Turnover	0.54x	0.84x	0.69x	0.65x	0.33x	0.08x	0.17x	0.13x	0.12x	0.13x
Asset Growth %	-0.41%	-0.1%	0.71%	0.29%	0.24%	1.91%	-0.13%	0.08%	0.04%	-0.05%
Total Current Liabilities+	29.85M	29.45M	25.99M	42.08M	65.18M	76.46M	52.88M	61.03M	47.48M	60.57M
Accounts Payable	7.54M	1.33M	8.75M	14.09M	23.03M	21.96M	16.74M	10.79M	10.19M	19.4M
Days Payables Outstanding	77.57	10.97	39.8	70.91	184.74	196.79	94.95	81.64	77.5	138.71
Short-Term Debt	13.47M	10.47M	9.74M	13.37M	20.8M	29.13M	20.01M	32.47M	22.43M	21.6M
Deferred Revenue (Current)	607.28K	1000K	243K	120K	1000K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	2.64M	7.03M	1.97M	7.61M	0	13.31M	7.78M	9.37M	0	9.12M
Current Ratio	2.49x	2.32x	3.88x	2.32x	1.98x	6.39x	8.43x	8.26x	10.67x	5.88x
Quick Ratio	2.28x	2.23x	3.62x	2.29x	1.95x	6.34x	8.35x	8.16x	10.54x	5.62x
Cash Conversion Cycle	352.63	287.56	113.05	219.44	195.79	458.6	220.2	405.51	1.31K	467.72
Total Non-Current Liabilities+	180.19K	8.46B	8.94M	8.2M	8.59M	202.54M	24.48M	31.64M	13.98M	11.08M
Long-Term Debt	0	0	8.94M	8.2M	7.38M	6.49M	5.51M	0	10M	10M
Capital Lease Obligations	0	0	0	0	1.21M	4.79M	2.18M	25.14K	3.97M	1.08M
Deferred Tax Liabilities	180.19K	0	0	0	0	624.09K	0	0	0	0
Other Non-Current Liabilities	-180.19K	0	0	0	0	191.26M	16.68M	31.62M	6.97K	689
Total Liabilities	29.85M	29.45M	34.94M	50.28M	73.77M	279M	77.36M	92.67M	61.46M	71.65M
Total Debt+	13.47M	10.17M	18.68M	21.57M	30.72M	42.63M	31.6M	35.56M	40.14M	34.44M
Net Debt	11.65M	6.36M	-26.66M	17.05M	379.9K	-301.37M	-285.38M	-68.56M	-69.85M	-64.43M
Debt / Equity	0.27x	0.24x	0.22x	0.20x	0.25x	0.15x	0.08x	0.08x	0.08x	0.08x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-44.18x	-55.77x	-45.60x	-14.53x	-13.06x	-27.86x	-54.06x	-27.57x	-66.92x	-372.30x
Total Equity+	49.6M	41.71M	86.87M	106.7M	120.64M	287.52M	412.88M	439.15M	490.93M	453.97M
Equity Growth %	-0.4%	-0.16%	1.08%	0.23%	0.13%	1.38%	0.44%	0.06%	0.12%	-0.08%
Book Value per Share	43.87	32.50	680.85	491.35	469.57	407.60	247.71	233.02	66.61	49.91
Total Shareholders' Equity	41.38M	33.24M	76.01M	95.62M	110.03M	295.1M	420.63M	449.21M	502.55M	467.43M
Common Stock	741.47K	1.26M	2.28M	2.71M	4.58M	16.34M	20.41M	29.25M	104.33K	115.59K
Retained Earnings	-63.91M	-95.35M	-139.42M	-164.78M	-184.03M	-206.86M	-111.27M	-170.44M	-220.31M	-258.75M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	3.93M	3.9M	5.67M	7.06M	6.97M	6.12M	15.46M	39.28M	41.29M	33.49M
Minority Interest	8.22M	8.46M	10.86M	11.09M	10.61M	-7.58M	-7.75M	-10.06M	-11.62M	-13.46M

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	-285.67K	5.67M	-21.09M	-32.21M	-5.23M	-34.05M	-26.25M	-51.69M	-43.75M	-33.77M
Operating CF Margin %	-0.01%	0.09%	-0.25%	-0.31%	-0.08%	-0.71%	-0.31%	-0.77%	-0.64%	-0.51%
Operating CF Growth %	0.98%	20.85%	-4.72%	-0.53%	0.84%	-5.51%	0.23%	-0.97%	0.15%	0.23%
Net Income	-40.88M	-31.2M	-45.38M	-25.78M	-20.12M	-25.87M	94.29M	-61.48M	-49.87M	-42.59M
Depreciation & Amortization	955.08K	856.74K	1.12M	1.12M	3.02M	5.02M	6.48M	6.94M	0	7.72M
Stock-Based Compensation	5.69M	14.94M	15.46M	21.29M	7.94M	6.14M	39.26M	26.19M	23.5M	10.28M
Deferred Taxes	545.85K	1.73M	3.18M	1.64M	1.71M	-425.91K	-624.09K	-3.69M	0	0
Other Non-Cash Items	19.15M	8.4M	3.05M	845.78K	-47.17K	-13.43M	-163.91M	-3.61M	-729.76K	-5.88M
Working Capital Changes	14.25M	10.94M	1.47M	-31.32M	2.27M	-5.49M	-1.74M	-16.03M	-16.64M	-3.3M
Change in Receivables	15.75M	-245.19K	11.97M	-43.87M	18.43M	21.74M	3.81M	-495.78K	-16.55M	1.69M
Change in Inventory	1.19M	3.6M	-4.2M	4.01M	-1.12M	-2.5M	-689.29K	-2.37M	3.17M	-4.79M
Change in Payables	-9.62M	812.44K	-2.71M	-400.03K	8.21M	-2.11M	-5.52M	-1.71M	0	0
Cash from Investing+	-121.08K	-586.22K	-16.03M	-13.55M	-2.11M	-46.54M	-328.68K	-245.22M	2.98M	33.71M
Capital Expenditures	-181.07K	-638.12K	-12.02M	-6.34M	-3.87M	-522.42K	-692.21K	-940.67K	-501.32K	-9.93M
CapEx % of Revenue	0%	0.01%	0.14%	0.06%	0.06%	0.01%	0.01%	0.01%	0.01%	0.15%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	60K	51.9K	32K	-3M	1.76M	-46.49M	363.52K	-63M	206.97M	43.65M
Cash from Financing+	-10.18M	-3.08M	76.89M	3.55M	33.24M	394.03M	-10M	56.38M	45.02M	-3.27M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-3.08M	3.7M	650K	405K	263.51M	93.32K	21.24M	-32.69M	-3.27M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-466.75K	5.03M	-33.12M	-38.55M	-9.1M	-34.57M	-26.94M	-52.63M	-44.25M	-43.71M
FCF Margin %	-0.01%	0.08%	-0.39%	-0.38%	-0.14%	-0.72%	-0.32%	-0.78%	-0.64%	-0.66%
FCF Growth %	0.97%	11.78%	-7.58%	-0.16%	0.76%	-2.8%	0.22%	-0.95%	0.16%	0.01%
FCF per Share	-0.41	3.92	-259.55	-177.54	-35.42	-49.01	-16.16	-27.93	-6.00	-4.81
FCF Conversion (FCF/Net Income)	0.01x	-0.18x	0.48x	1.25x	0.26x	1.49x	-0.27x	0.87x	0.88x	0.79x
Interest Paid	903.37K	571.04K	0	1.54M	1.4M	0	1.43M	1.2M	0	1.07M
Taxes Paid	142.48K	284.49K	0	2K	282.32K	0	10.21K	18.34K	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-62%	-68.88%	-68.55%	-26.64%	-17.7%	-11.19%	27.29%	-13.89%	-10.72%	-9.01%
Return on Invested Capital (ROIC)	-38.6%	-42%	-56.69%	-18.83%	-11.62%	-86.19%	-108.62%	-20.88%	-13.57%	-10.61%
Gross Margin	16.96%	26.58%	4.92%	29.17%	30.11%	15.05%	23.19%	28.11%	30.32%	22.99%
Net Margin	-95.68%	-52.36%	-52.2%	-25.18%	-30.9%	-47.63%	114.1%	-88.16%	-72.43%	-64.25%
Debt / Equity	0.27x	0.24x	0.22x	0.20x	0.25x	0.15x	0.08x	0.08x	0.08x	0.08x
Interest Coverage	-44.18x	-55.77x	-45.60x	-14.53x	-13.06x	-27.86x	-54.06x	-27.57x	-66.92x	-372.30x
FCF Conversion	0.01x	-0.18x	0.48x	1.25x	0.26x	1.49x	-0.27x	0.87x	0.88x	0.79x
Revenue Growth	-17.05%	40.55%	40.59%	21.27%	-36.4%	-26.38%	74.76%	-19.89%	2.59%	-3.73%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2024	2025
Automation product and software	-	-	-	-	-	29.82M	23.86M	28.63M
Automation product and software Growth	-	-	-	-	-	-	-19.98%	19.96%
Oilfield environmental protection	-	-	-	-	-	20.22M	9.24M	8.55M
Oilfield environmental protection Growth	-	-	-	-	-	-	-54.30%	-7.48%
Platform Outsourcing Services	-	-	-	-	4.04M	-	637.9K	642.4K
Platform Outsourcing Services Growth	-	-	-	-	-	-	-	0.71%
Equipment and accessories	-	-	-	-	-	10.48M	-	-
Equipment and accessories Growth	-	-	-	-	-	-	-	-
Platform outsourcing services	-	-	-	-	-	3.83M	-	-
Platform outsourcing services Growth	-	-	-	-	-	-	-	-
Automation Product And Software	22.4M	36.03M	112.93M	89.67M	38.48M	-	-	-
Automation Product And Software Growth	-	60.84%	213.47%	-20.60%	-57.09%	-	-	-
Equipment And Accessories	26.59M	126.08M	38.99M	21.91M	27.06M	-	-	-
Equipment And Accessories Growth	-	374.22%	-69.07%	-43.82%	23.51%	-	-	-
Oilfield Environmental Protection	-	3.17M	22.98M	336.88K	19.09M	-	-	-
Oilfield Environmental Protection Growth	-	-	624.49%	-98.53%	5566.62%	-	-	-
Water Treatment Product	11M	-	-	-	-	-	-	-
Water Treatment Product Growth	-	-	-	-	-	-	-	-
Services	72.17K	-	-	-	-	-	-	-
Services Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Recon Technology, Ltd. (RCON) reported $66.3M in revenue for fiscal year 2025. This represents a 12% decrease from $75.5M in 2012.

Recon Technology, Ltd. (RCON) saw revenue decline by 3.7% over the past year.

Recon Technology, Ltd. (RCON) reported a net loss of $42.6M for fiscal year 2025.

Dividend & Returns

Recon Technology, Ltd. (RCON) has a return on equity (ROE) of -9.0%. Negative ROE indicates the company is unprofitable.

Recon Technology, Ltd. (RCON) had negative free cash flow of $43.7M in fiscal year 2025, likely due to heavy capital investments.

US Stock Screener

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Recon Technology, Ltd. (RCON) 10-Year Financial Performance & Capital Metrics

RCON • • Industrial / General

EnergyOilfield ServicesCompletion & Production EquipmentProduction Equipment & Services

Revenue $66M -3.7%
EBITDA -$54M +21.3%
Net Income -$43M +14.6%
EPS (Diluted) -4.68 +52.6%
Gross Margin 22.99% -24.2%
EBITDA Margin -81.73% +18.2%
Operating Margin -86.47% +16.9%
Net Margin -64.25% +11.3%
ROE -9.01% +15.9%
ROIC -10.61% +21.9%
Debt/Equity 0.08 -7.2%
Interest Coverage -372.30 -456.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.0x book value

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 23.4% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y2.55%

5Y0.36%

3Y-7.51%

TTM-26.77%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM14.6%

EPS CAGR

10Y-

5Y-

3Y-

TTM60.87%

ROCE

10Y Avg-30.4%

5Y Avg-15.88%

3Y Avg-13.92%

Latest-11.82%

Peer Comparison

Production Equipment & Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FLOCFlowco Holdings Inc.	561.6M	19.87	22.33	119.99%	15.83%	6.6%	15.79%	0.81
RNGRRanger Energy Services, Inc.	347.57M	14.72	18.17	-10.29%	2.72%	5.52%	14.5%	0.12
STAKSTAK Inc. Ordinary Shares	3.9M	0.39	1.77	-10.53%	12.91%	26.11%		0.42
RCONRecon Technology, Ltd.	15.09M	1.42	-0.30	-3.73%	-64.25%	-9.38%		0.08

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	42.73M	60.05M	84.43M	102.38M	65.12M	47.94M	83.78M	67.11M	68.85M	66.29M
Revenue Growth %	-0.17%	0.41%	0.41%	0.21%	-0.36%	-0.26%	0.75%	-0.2%	0.03%	-0.04%
Cost of Goods Sold+	35.48M	44.09M	80.28M	72.52M	45.51M	40.72M	64.35M	48.25M	47.98M	51.04M
COGS % of Revenue	0.83%	0.73%	0.95%	0.71%	0.7%	0.85%	0.77%	0.72%	0.7%	0.77%
Gross Profit+	7.25M	15.96M	4.15M	29.87M	19.61M	7.22M	19.42M	18.87M	20.88M	15.24M
Gross Margin %	0.17%	0.27%	0.05%	0.29%	0.3%	0.15%	0.23%	0.28%	0.3%	0.23%
Gross Profit Growth %	-0.28%	1.2%	-0.74%	6.2%	-0.34%	-0.63%	1.69%	-0.03%	0.11%	-0.27%
Operating Expenses+	46.87M	46.44M	44.7M	52.96M	38.57M	67.67M	101.73M	88.2M	92.52M	72.56M
OpEx % of Revenue	1.1%	0.77%	0.53%	0.52%	0.59%	1.41%	1.21%	1.31%	1.34%	1.09%
Selling, General & Admin	25.83M	37.21M	42.7M	50.36M	30.54M	53.99M	93.43M	87.42M	74.14M	56.13M
SG&A % of Revenue	0.6%	0.62%	0.51%	0.49%	0.47%	1.13%	1.12%	1.3%	1.08%	0.85%
Research & Development	6.86M	7.6M	3.22M	3.13M	7.04M	5.85M	8.96M	8.81M	14.29M	16.43M
R&D % of Revenue	0.16%	0.13%	0.04%	0.03%	0.11%	0.12%	0.11%	0.13%	0.21%	0.25%
Other Operating Expenses	-2.44K	36.18K	65.54K	-538.24K	993.21K	7.84M	-670.82K	-8.03M	4.09M	0
Operating Income+	-39.91M	-30.61M	-40.92M	-23.09M	-18.97M	-61.58M	-82.3M	-69.33M	-71.64M	-57.32M
Operating Margin %	-0.93%	-0.51%	-0.48%	-0.23%	-0.29%	-1.28%	-0.98%	-1.03%	-1.04%	-0.86%
Operating Income Growth %	-0.12%	0.23%	-0.34%	0.44%	0.18%	-2.25%	-0.34%	0.16%	-0.03%	0.2%
EBITDA+	-38.96M	-29.75M	-39.81M	-21.97M	-15.95M	-58.43M	-75.82M	-62.4M	-68.79M	-54.17M
EBITDA Margin %	-0.91%	-0.5%	-0.47%	-0.21%	-0.24%	-1.22%	-0.91%	-0.93%	-1%	-0.82%
EBITDA Growth %	-0.11%	0.24%	-0.34%	0.45%	0.27%	-2.66%	-0.3%	0.18%	-0.1%	0.21%
D&A (Non-Cash Add-back)	955.08K	856.74K	1.12M	1.12M	3.02M	3.15M	6.48M	6.94M	2.84M	3.15M
EBIT	-39.43M	-30.35M	-44.46M	-23.79M	-18.39M	-60.81M	95.2M	-58.94M	-50.37M	-57.32M
Net Interest Income+	-719.82K	-474.89K	-829.49K	-1.55M	-1.4M	-1.29M	3.85M	11.09M	21.83M	1.7M
Interest Income	183.55K	73.99K	68.03K	40.39K	54.75K	918.63K	5.37M	13.6M	22.9M	1.86M
Interest Expense	903.37K	548.88K	897.52K	1.59M	1.45M	2.21M	1.52M	2.51M	1.07M	153.96K
Other Income/Expense	-425.6K	-284.42K	-4.43M	-1.14M	0	35.19M	175.99M	7.87M	20.2M	13.62M
Pretax Income+	-40.34M	-30.9M	-45.36M	-25.38M	-19.84M	-26.39M	93.68M	-61.46M	-51.44M	-43.7M
Pretax Margin %	-0.94%	-0.51%	-0.54%	-0.25%	-0.3%	-0.55%	1.12%	-0.92%	-0.75%	-0.66%
Income Tax+	545.85K	307.9K	16.23K	398.48K	282.32K	-524.25K	-613.87K	18.34K	30	1.58K
Effective Tax Rate %	1.01%	1.02%	0.97%	1.02%	1.01%	0.87%	1.02%	0.96%	0.97%	0.97%
Net Income+	-40.88M	-31.45M	-44.07M	-25.78M	-20.12M	-22.83M	95.59M	-59.17M	-49.87M	-42.59M
Net Margin %	-0.96%	-0.52%	-0.52%	-0.25%	-0.31%	-0.48%	1.14%	-0.88%	-0.72%	-0.64%
Net Income Growth %	-0.3%	0.23%	-0.4%	0.41%	0.22%	-0.13%	5.19%	-1.62%	0.16%	0.15%
Net Income (Continuing)	-40.88M	-31.2M	-45.38M	-25.78M	-20.12M	-25.87M	94.29M	-61.48M	-51.44M	-43.7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	8.22M	8.46M	10.86M	11.09M	10.61M	-7.58M	-7.75M	-10.06M	-11.62M	-13.46M
EPS (Diluted)+	-36.16	-24.50	-345.41	-118.73	-78.32	-32.40	55.52	-31.39	-9.88	-4.68
EPS Growth %	-0.12%	0.32%	-13.1%	0.66%	0.34%	0.59%	2.71%	-1.57%	0.69%	0.53%
EPS (Basic)	-36.16	-24.50	-345.42	-118.79	-78.32	-32.37	55.52	-31.39	-6.77	-4.68
Diluted Shares Outstanding	1.13M	1.28M	127.59K	217.16K	256.92K	705.39K	1.67M	1.88M	7.37M	9.09M
Basic Shares Outstanding	1.13M	1.28M	127.59K	217.05K	256.92K	704.71K	1.67M	1.88M	7.37M	9.09M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	74.32M	68.39M	100.83M	97.82M	129.28M	488.51M	445.62M	504.41M	506.49M	356.16M
Cash & Short-Term Investments	1.82M	3.81M	45.34M	4.52M	30.34M	344M	316.97M	288.31M	198.08M	102.47M
Cash Only	1.82M	3.81M	45.34M	4.52M	30.34M	344M	316.97M	104.13M	109.99M	98.87M
Short-Term Investments	0	0	0	0	0	0	0	184.18M	88.09M	3.6M
Accounts Receivable	42.76M	45.54M	28.25M	79.65M	65.05M	81.79M	67.27M	80.77M	252.53M	89.4M
Days Sales Outstanding	365.25	276.78	122.13	283.96	364.6	622.73	293.06	439.26	1.34K	492.28
Inventory	6.31M	2.63M	6.76M	1.27M	1.99M	3.64M	3.89M	6.33M	6.29M	15.96M
Days Inventory Outstanding	64.94	21.76	30.73	6.39	15.93	32.67	22.09	47.89	47.82	114.15
Other Current Assets	23.32M	-82.58K	3.89M	10.63M	31.54M	57.42M	56.61M	125.97M	44.03M	147.93M
Total Non-Current Assets+	5.13M	2.77M	20.97M	59.16M	65.13M	78.01M	44.63M	27.41M	45.9M	169.46M
Property, Plant & Equipment	2.91M	2.77M	14.95M	25.19M	32.31M	27.14M	31.15M	27.41M	45.9M	50.96M
Fixed Asset Turnover	14.69x	21.70x	5.65x	4.07x	2.02x	1.77x	2.69x	2.45x	1.50x	1.30x
Goodwill	0	0	0	0	0	7M	4.73M	0	0	0
Intangible Assets	0	0	1.34M	1.31M	1.28M	7.9M	7.18M	0	0	0
Long-Term Investments	0	0	0	31.08M	31.54M	27.93M	0	0	0	0
Other Non-Current Assets	2.22M	0	4.69M	1.58M	3.64K	8.04M	1.56M	3.64K	0	118.5M
Total Assets+	79.45M	71.16M	121.81M	156.98M	194.41M	566.52M	490.24M	531.82M	552.39M	525.62M
Asset Turnover	0.54x	0.84x	0.69x	0.65x	0.33x	0.08x	0.17x	0.13x	0.12x	0.13x
Asset Growth %	-0.41%	-0.1%	0.71%	0.29%	0.24%	1.91%	-0.13%	0.08%	0.04%	-0.05%
Total Current Liabilities+	29.85M	29.45M	25.99M	42.08M	65.18M	76.46M	52.88M	61.03M	47.48M	60.57M
Accounts Payable	7.54M	1.33M	8.75M	14.09M	23.03M	21.96M	16.74M	10.79M	10.19M	19.4M
Days Payables Outstanding	77.57	10.97	39.8	70.91	184.74	196.79	94.95	81.64	77.5	138.71
Short-Term Debt	13.47M	10.47M	9.74M	13.37M	20.8M	29.13M	20.01M	32.47M	22.43M	21.6M
Deferred Revenue (Current)	607.28K	1000K	243K	120K	1000K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	2.64M	7.03M	1.97M	7.61M	0	13.31M	7.78M	9.37M	0	9.12M
Current Ratio	2.49x	2.32x	3.88x	2.32x	1.98x	6.39x	8.43x	8.26x	10.67x	5.88x
Quick Ratio	2.28x	2.23x	3.62x	2.29x	1.95x	6.34x	8.35x	8.16x	10.54x	5.62x
Cash Conversion Cycle	352.63	287.56	113.05	219.44	195.79	458.6	220.2	405.51	1.31K	467.72
Total Non-Current Liabilities+	180.19K	8.46B	8.94M	8.2M	8.59M	202.54M	24.48M	31.64M	13.98M	11.08M
Long-Term Debt	0	0	8.94M	8.2M	7.38M	6.49M	5.51M	0	10M	10M
Capital Lease Obligations	0	0	0	0	1.21M	4.79M	2.18M	25.14K	3.97M	1.08M
Deferred Tax Liabilities	180.19K	0	0	0	0	624.09K	0	0	0	0
Other Non-Current Liabilities	-180.19K	0	0	0	0	191.26M	16.68M	31.62M	6.97K	689
Total Liabilities	29.85M	29.45M	34.94M	50.28M	73.77M	279M	77.36M	92.67M	61.46M	71.65M
Total Debt+	13.47M	10.17M	18.68M	21.57M	30.72M	42.63M	31.6M	35.56M	40.14M	34.44M
Net Debt	11.65M	6.36M	-26.66M	17.05M	379.9K	-301.37M	-285.38M	-68.56M	-69.85M	-64.43M
Debt / Equity	0.27x	0.24x	0.22x	0.20x	0.25x	0.15x	0.08x	0.08x	0.08x	0.08x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-44.18x	-55.77x	-45.60x	-14.53x	-13.06x	-27.86x	-54.06x	-27.57x	-66.92x	-372.30x
Total Equity+	49.6M	41.71M	86.87M	106.7M	120.64M	287.52M	412.88M	439.15M	490.93M	453.97M
Equity Growth %	-0.4%	-0.16%	1.08%	0.23%	0.13%	1.38%	0.44%	0.06%	0.12%	-0.08%
Book Value per Share	43.87	32.50	680.85	491.35	469.57	407.60	247.71	233.02	66.61	49.91
Total Shareholders' Equity	41.38M	33.24M	76.01M	95.62M	110.03M	295.1M	420.63M	449.21M	502.55M	467.43M
Common Stock	741.47K	1.26M	2.28M	2.71M	4.58M	16.34M	20.41M	29.25M	104.33K	115.59K
Retained Earnings	-63.91M	-95.35M	-139.42M	-164.78M	-184.03M	-206.86M	-111.27M	-170.44M	-220.31M	-258.75M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	3.93M	3.9M	5.67M	7.06M	6.97M	6.12M	15.46M	39.28M	41.29M	33.49M
Minority Interest	8.22M	8.46M	10.86M	11.09M	10.61M	-7.58M	-7.75M	-10.06M	-11.62M	-13.46M

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	-285.67K	5.67M	-21.09M	-32.21M	-5.23M	-34.05M	-26.25M	-51.69M	-43.75M	-33.77M
Operating CF Margin %	-0.01%	0.09%	-0.25%	-0.31%	-0.08%	-0.71%	-0.31%	-0.77%	-0.64%	-0.51%
Operating CF Growth %	0.98%	20.85%	-4.72%	-0.53%	0.84%	-5.51%	0.23%	-0.97%	0.15%	0.23%
Net Income	-40.88M	-31.2M	-45.38M	-25.78M	-20.12M	-25.87M	94.29M	-61.48M	-49.87M	-42.59M
Depreciation & Amortization	955.08K	856.74K	1.12M	1.12M	3.02M	5.02M	6.48M	6.94M	0	7.72M
Stock-Based Compensation	5.69M	14.94M	15.46M	21.29M	7.94M	6.14M	39.26M	26.19M	23.5M	10.28M
Deferred Taxes	545.85K	1.73M	3.18M	1.64M	1.71M	-425.91K	-624.09K	-3.69M	0	0
Other Non-Cash Items	19.15M	8.4M	3.05M	845.78K	-47.17K	-13.43M	-163.91M	-3.61M	-729.76K	-5.88M
Working Capital Changes	14.25M	10.94M	1.47M	-31.32M	2.27M	-5.49M	-1.74M	-16.03M	-16.64M	-3.3M
Change in Receivables	15.75M	-245.19K	11.97M	-43.87M	18.43M	21.74M	3.81M	-495.78K	-16.55M	1.69M
Change in Inventory	1.19M	3.6M	-4.2M	4.01M	-1.12M	-2.5M	-689.29K	-2.37M	3.17M	-4.79M
Change in Payables	-9.62M	812.44K	-2.71M	-400.03K	8.21M	-2.11M	-5.52M	-1.71M	0	0
Cash from Investing+	-121.08K	-586.22K	-16.03M	-13.55M	-2.11M	-46.54M	-328.68K	-245.22M	2.98M	33.71M
Capital Expenditures	-181.07K	-638.12K	-12.02M	-6.34M	-3.87M	-522.42K	-692.21K	-940.67K	-501.32K	-9.93M
CapEx % of Revenue	0%	0.01%	0.14%	0.06%	0.06%	0.01%	0.01%	0.01%	0.01%	0.15%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	60K	51.9K	32K	-3M	1.76M	-46.49M	363.52K	-63M	206.97M	43.65M
Cash from Financing+	-10.18M	-3.08M	76.89M	3.55M	33.24M	394.03M	-10M	56.38M	45.02M	-3.27M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-3.08M	3.7M	650K	405K	263.51M	93.32K	21.24M	-32.69M	-3.27M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-466.75K	5.03M	-33.12M	-38.55M	-9.1M	-34.57M	-26.94M	-52.63M	-44.25M	-43.71M
FCF Margin %	-0.01%	0.08%	-0.39%	-0.38%	-0.14%	-0.72%	-0.32%	-0.78%	-0.64%	-0.66%
FCF Growth %	0.97%	11.78%	-7.58%	-0.16%	0.76%	-2.8%	0.22%	-0.95%	0.16%	0.01%
FCF per Share	-0.41	3.92	-259.55	-177.54	-35.42	-49.01	-16.16	-27.93	-6.00	-4.81
FCF Conversion (FCF/Net Income)	0.01x	-0.18x	0.48x	1.25x	0.26x	1.49x	-0.27x	0.87x	0.88x	0.79x
Interest Paid	903.37K	571.04K	0	1.54M	1.4M	0	1.43M	1.2M	0	1.07M
Taxes Paid	142.48K	284.49K	0	2K	282.32K	0	10.21K	18.34K	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-62%	-68.88%	-68.55%	-26.64%	-17.7%	-11.19%	27.29%	-13.89%	-10.72%	-9.01%
Return on Invested Capital (ROIC)	-38.6%	-42%	-56.69%	-18.83%	-11.62%	-86.19%	-108.62%	-20.88%	-13.57%	-10.61%
Gross Margin	16.96%	26.58%	4.92%	29.17%	30.11%	15.05%	23.19%	28.11%	30.32%	22.99%
Net Margin	-95.68%	-52.36%	-52.2%	-25.18%	-30.9%	-47.63%	114.1%	-88.16%	-72.43%	-64.25%
Debt / Equity	0.27x	0.24x	0.22x	0.20x	0.25x	0.15x	0.08x	0.08x	0.08x	0.08x
Interest Coverage	-44.18x	-55.77x	-45.60x	-14.53x	-13.06x	-27.86x	-54.06x	-27.57x	-66.92x	-372.30x
FCF Conversion	0.01x	-0.18x	0.48x	1.25x	0.26x	1.49x	-0.27x	0.87x	0.88x	0.79x
Revenue Growth	-17.05%	40.55%	40.59%	21.27%	-36.4%	-26.38%	74.76%	-19.89%	2.59%	-3.73%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2024	2025
Automation product and software	-	-	-	-	-	29.82M	23.86M	28.63M
Automation product and software Growth	-	-	-	-	-	-	-19.98%	19.96%
Oilfield environmental protection	-	-	-	-	-	20.22M	9.24M	8.55M
Oilfield environmental protection Growth	-	-	-	-	-	-	-54.30%	-7.48%
Platform Outsourcing Services	-	-	-	-	4.04M	-	637.9K	642.4K
Platform Outsourcing Services Growth	-	-	-	-	-	-	-	0.71%
Equipment and accessories	-	-	-	-	-	10.48M	-	-
Equipment and accessories Growth	-	-	-	-	-	-	-	-
Platform outsourcing services	-	-	-	-	-	3.83M	-	-
Platform outsourcing services Growth	-	-	-	-	-	-	-	-
Automation Product And Software	22.4M	36.03M	112.93M	89.67M	38.48M	-	-	-
Automation Product And Software Growth	-	60.84%	213.47%	-20.60%	-57.09%	-	-	-
Equipment And Accessories	26.59M	126.08M	38.99M	21.91M	27.06M	-	-	-
Equipment And Accessories Growth	-	374.22%	-69.07%	-43.82%	23.51%	-	-	-
Oilfield Environmental Protection	-	3.17M	22.98M	336.88K	19.09M	-	-	-
Oilfield Environmental Protection Growth	-	-	624.49%	-98.53%	5566.62%	-	-	-
Water Treatment Product	11M	-	-	-	-	-	-	-
Water Treatment Product Growth	-	-	-	-	-	-	-	-
Services	72.17K	-	-	-	-	-	-	-
Services Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Recon Technology, Ltd. (RCON) reported $66.3M in revenue for fiscal year 2025. This represents a 12% decrease from $75.5M in 2012.

Recon Technology, Ltd. (RCON) saw revenue decline by 3.7% over the past year.

Recon Technology, Ltd. (RCON) reported a net loss of $42.6M for fiscal year 2025.

Dividend & Returns

Recon Technology, Ltd. (RCON) has a return on equity (ROE) of -9.0%. Negative ROE indicates the company is unprofitable.

Recon Technology, Ltd. (RCON) had negative free cash flow of $43.7M in fiscal year 2025, likely due to heavy capital investments.