In This Article:
Hitek Global (NASDAQ:HKIT) First Half 2024 Results
Key Financial Results
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Revenue: US$1.83m (down 38% from 1H 2023).
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Net income: US$121.7k (down 80% from 1H 2023).
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Profit margin: 6.6% (down from 21% in 1H 2023). The decrease in margin was driven by lower revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hitek Global shares are down 3.6% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Hitek Global has 5 warning signs (and 2 which are a bit concerning) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.