Mingteng International Corporation Inc. (MTEN)

MTEN Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020
Revenue	8.23	8.03	7.8	4.44
Revenue Growth (YoY)	2.48%	2.94%	75.51%	-
Cost of Revenue	4.9	4.11	3.78	1.84
Gross Profit	3.32	3.91	4.01	2.6
Selling, General & Admin	0.95	1.06	0.73	0.43
Research & Development	0.63	0.49	0.41	0.24
Operating Expenses	1.58	1.55	1.14	0.67
Operating Income	1.74	2.36	2.87	1.94
Interest Expense / Income	0.06	0.05	0.05	0.02
Other Expense / Income	-0.17	-0.15	-0.17	-0.18
Pretax Income	1.85	2.46	2.99	2.09
Income Tax	0.34	0.33	0.4	0.13
Net Income	1.51	2.13	2.59	1.97
Net Income Growth	-29.37%	-17.74%	31.97%	-
Shares Outstanding (Basic)	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5
EPS (Basic)	0.30	0.43	0.52	0.39
EPS (Diluted)	0.30	0.43	0.52	0.39
EPS Growth	-30.23%	-17.31%	33.33%	-
Free Cash Flow	0.54	1.42	0.63	-0.25
Free Cash Flow Per Share	0.11	0.28	0.13	-0.05
Gross Margin	40.41%	48.75%	51.46%	58.57%
Operating Margin	21.19%	29.42%	36.81%	43.56%
Profit Margin	18.32%	26.58%	33.26%	44.23%
Free Cash Flow Margin	6.54%	17.69%	8.10%	-5.52%
Effective Tax Rate	18.61%	13.31%	13.27%	6.12%
EBITDA	2.41	2.94	3.33	2.28
EBITDA Margin	29.33%	36.69%	42.69%	51.43%
Depreciation & Amortization	0.5	0.43	0.29	0.17
EBIT	1.91	2.51	3.04	2.11
EBIT Margin	23.23%	31.33%	39.01%	47.58%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).