MMTec, Inc.MTCEarnings & Financial Report
Nasdaq
MTC Q2 2023 Key Financial Metrics
Revenue
$2.9M
Gross Profit
$126.8K
Operating Profit
$-3.1M
Net Profit
$-14.4M
Gross Margin
4.4%
Operating Margin
-108.2%
Net Margin
-505.7%
YoY Growth
N/A
Financial Flow
MMTec, Inc. Q2 2023 Financial Summary
MMTec, Inc. reported revenue of $2.9M for Q2 2023, with a net profit of $-14.4M (-505.7% margin). Cost of goods sold was $2.7M, operating expenses totaled $3.2M.
Key Financial Metrics
| Total Revenue | $2.9M |
|---|---|
| Net Profit | $-14.4M |
| Gross Margin | 4.4% |
| Operating Margin | -108.2% |
| Report Period | Q2 2023 |
Income Statement
| Q2 2022 | Q2 2023 | |
|---|---|---|
| Revenue | $733400 | $2.9M |
| YoY Growth | N/A | N/A |
Balance Sheet
| Q2 2022 | Q2 2023 | |
|---|---|---|
| Assets | $14.6M | $11.4M |
| Liabilities | $1.2M | $2.0M |
| Equity | $13.4M | $9.4M |
Cash Flow
| Q2 2022 | Q2 2023 | |
|---|---|---|
| Operating CF | $-4.2M | $-3.0M |