HiTek Global Inc.HKITEarnings & Financial Report
Nasdaq
DB HiTek Co., Ltd., formerly Dongbu HiTek, is a semiconductor contract manufacturing and design company headquartered in Bucheon, Gyeonggi-do, South Korea. DB HiTek is one of the major contract chip manufacturers, alongside TSMC, Samsung Electronics, GlobalFoundries, and UMC. It is also the second-largest foundry company in South Korea, behind Samsung Electronics.
HKIT Q2 2023 Key Financial Metrics
Revenue
$2.9M
Gross Profit
$1.5M
Operating Profit
$507.7K
Net Profit
$622.0K
Gross Margin
50.9%
Operating Margin
17.2%
Net Margin
21.1%
YoY Growth
N/A
Financial Flow
HiTek Global Inc. Q2 2023 Financial Summary
HiTek Global Inc. reported revenue of $2.9M for Q2 2023, with a net profit of $622.0K (21.1% margin). Cost of goods sold was $1.4M, operating expenses totaled $991.6K.
Key Financial Metrics
| Total Revenue | $2.9M |
|---|---|
| Net Profit | $622.0K |
| Gross Margin | 50.9% |
| Operating Margin | 17.2% |
| Report Period | Q2 2023 |
Income Statement
| Q2 2023 | |
|---|---|
| Revenue | $2.9M |
| YoY Growth | N/A |
Balance Sheet
| Q2 2023 | |
|---|---|
| Assets | $33.2M |
| Liabilities | $7.2M |
| Equity | $26.0M |
Cash Flow
| Q2 2023 | |
|---|---|
| Operating CF | $200869 |