Hitek Global Inc. Announces Fiscal Year 2023 Financial Results
Hitek Global Inc. - Class A Ordinary Share (HKIT)
Company Research
Source: PR Newswire
XIAMEN, China, April 9, 2024 /PRNewswire/ -- Hitek Global Inc. (Nasdaq: HKIT) (the "Company"), a China-based information technology consulting and solutions service provider, today announced its financial results for the fiscal year ended December 31, 2023.Ms. Xiaoyang Huang, Chief Executive Officer and Director of Hitek Global Inc. commented, "During the year ended December 31, 2023, due to governmental policy adjustments, the service fee portion of our tax control business has been affected to some extent, resulting in a decline in overall revenue. The Company is exploring new business opportunities to diversify the company's revenue and business."Fiscal Year 2023 Financial ResultsRevenueTotal revenue was $4.6 million in fiscal year 2023, as compared to $6.4 million in fiscal year 2022, mainly due to the decrease in revenue generated from tax devices and services sales due to governmental policy adjustments.Revenue generated from hardware sales was $2.4 million in fiscal year 2023,
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- 4/9/24 - Form 144
- 4/5/24 - Form 20-F
- HKIT's page on the SEC website