weth: the income statement

MyFinsight

Wetouch Technology Inc. (WETH)

For the year ending 2024-12-31, WETH made $42,280,373 in revenue. $2,675,301 in net income. Net profit margin of 6.33%.

Unit: Dollar

	2024-12-31
Revenues	42,280,373
Cost of revenues	28,673,574
Gross profit	13,606,799
Selling expenses	752,795
General and administrative expenses	3,536,597
Operating expenses	4,289,392
Income from operations	9,317,407
Other income (expense)	10,708
Interest income	152,336
Interest expense	1,169,974
Gain (loss)on changes in fair value of common stock purchase warrants liability	378,371
Total other expense, net	-628,559
Income before income tax expense	8,688,848
Income tax expense	2,657,690
Net income	6,031,158
Foreign currency translation adjustment	-3,355,857
Comprehensive income	2,675,301

Basic (in dollars per share)	0.52
Basic (in shares)	11,630,358
Diluted (in dollars per share)	0.52
Diluted (in shares)	11,681,063

Unit: Dollar