Wetouch Technology Inc. (WETH)

NASDAQ: WETH · Real-Time Price · USD

0.9900

+0.0700 (7.61%)

At close: Jun 27, 2025, 4:00 PM

1.060

+0.070 (7.07%)

After-hours: Jun 27, 2025, 7:56 PM EDT

Wetouch Technology Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018
Revenue	41.02	39.71	37.92	40.79	31.35	40	Upgrade
Revenue Growth (YoY)	2.86%	4.70%	-7.02%	30.11%	-21.64%	8.87%	Upgrade
Cost of Revenue	28.27	22.52	23.87	22.35	15.74	20.27	Upgrade
Gross Profit	12.76	17.19	14.05	18.43	15.61	19.74	Upgrade
Selling, General & Admin	5.12	4.46	2.55	2.57	2.59	2.6	Upgrade
Research & Development	0.15	0.08	0.09	0.09	0.08	0.14	Upgrade
Operating Expenses	5.27	4.54	2.64	5.81	3.73	2.74	Upgrade
Operating Income	7.48	12.65	11.41	12.62	11.88	17	Upgrade
Interest Expense	-1.21	-0.25	-0.22	-0.03	-1.73	-0.02	Upgrade
Interest & Investment Income	0.14	0.12	0.12	0.1	0.08	0.08	Upgrade
Other Non Operating Income (Expenses)	0.21	-0.12	0.87	1.45	0.25	0.25	Upgrade
EBT Excluding Unusual Items	6.62	12.39	12.18	14.15	10.48	17.31	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	7.65	-	-	Upgrade
Legal Settlements	-0.05	-0.05	-	-	-	-	Upgrade
Other Unusual Items	-	-	-0.1	-	-	-0.87	Upgrade
Pretax Income	6.57	12.35	12.08	21.8	10.48	16.44	Upgrade
Income Tax Expense	2.71	4.08	3.35	4.41	1.55	2.72	Upgrade
Net Income	3.86	8.26	8.73	17.39	8.93	13.72	Upgrade
Net Income to Common	3.86	8.26	8.73	17.39	8.93	13.72	Upgrade
Net Income Growth	-62.42%	-5.34%	-49.79%	94.68%	-34.89%	16.23%	Upgrade
Shares Outstanding (Basic)	11	9	2	2	1	1	Upgrade
Shares Outstanding (Diluted)	11	9	2	2	1	1	Upgrade
Shares Change (YoY)	49.05%	408.48%	12.93%	12.65%	3.52%	-	Upgrade
EPS (Basic)	0.35	0.89	5.39	10.93	6.21	9.80	Upgrade
EPS (Diluted)	0.34	0.89	4.73	10.93	6.20	9.80	Upgrade
EPS Growth	-75.22%	-81.18%	-56.73%	76.30%	-36.72%	-	Upgrade
Free Cash Flow	0.59	10.46	8.59	2.36	12.96	10.16	Upgrade
Free Cash Flow Per Share	0.05	1.12	4.66	1.44	8.94	7.26	Upgrade
Gross Margin	31.09%	43.30%	37.05%	45.19%	49.80%	49.34%	Upgrade
Operating Margin	18.24%	31.86%	30.10%	30.95%	37.90%	42.50%	Upgrade
Profit Margin	9.41%	20.81%	23.02%	42.63%	28.49%	34.29%	Upgrade
Free Cash Flow Margin	1.44%	26.35%	22.64%	5.78%	41.35%	25.39%	Upgrade
EBITDA	7.49	12.66	11.42	13.01	12.94	18.04	Upgrade
EBITDA Margin	18.26%	31.88%	30.13%	31.89%	41.27%	45.09%	Upgrade
D&A For EBITDA	0.01	0.01	0.01	0.38	1.06	1.04	Upgrade
EBIT	7.48	12.65	11.41	12.62	11.88	17	Upgrade
EBIT Margin	18.24%	31.86%	30.10%	30.95%	37.90%	42.50%	Upgrade
Effective Tax Rate	41.28%	33.07%	27.75%	20.23%	14.78%	16.57%	Upgrade
Revenue as Reported	-	-	-	40.79	31.35	-	Upgrade

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q