HW Electro Co., Ltd. (HWEP)

HW Electro Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	Dec 31, 2024	Dec 31, 2023	Sep 30, 2022
Revenue	1.83	1.44	0.44
Revenue Growth (YoY)	27.46%	224.25%	-
Cost of Revenue	2.24	1.9	0.3
Gross Profit	0.41	0.47	0.14
Selling, General & Admin	5.04	6.47	2.43
Research & Development	0.22	1.1	0.12
Other Operating Expenses	0	5.05	2.77
Operating Expenses	5.25	12.63	5.32
Operating Income	-5.67	-13.1	-5.19
Interest Expense / Income	0.45	0.11	0.06
Other Expense / Income	-0.11	0.2	-1.23
Pretax Income	-6	-13.41	-4.02
Income Tax	-	0.87	0.69
Net Income	-6	-14.28	-4.7
Free Cash Flow	-0.28	-12.3	-4.67
Gross Margin	22.49%	32.58%	31.42%
Operating Margin	-309.61%	-912.26%	-1171.09%
Profit Margin	-328.00%	-994.49%	-1061.59%
Free Cash Flow Margin	-15.57%	-856.70%	-1054.28%
EBITDA	-5.25	-12.95	-3.7
EBITDA Margin	-286.62%	-901.64%	-835.18%
Depreciation & Amortization	0.31	0.35	0.25
EBIT	-5.55	-13.3	-3.95
EBIT Margin	-303.43%	-926.02%	-892.53%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).