Zhongchao Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017
Revenue	19.43	14.15	16.3	17.99	14.88	12.87	9.82
Revenue Growth (YoY)	37.33%	-13.16%	-9.41%	20.88%	15.68%	31.07%	-
Cost of Revenue	10.92	7.79	6.86	6.12	4.66	4.46	3.97
Gross Profit	8.51	6.36	9.44	11.87	10.23	8.41	5.85
Selling, General & Admin	13.41	8.9	9	6.57	5.72	3.69	3.85
Research & Development	0.51	0.41	0.76	0.82	0.86	1.45	0.94
Other Operating Expenses	7.87	0	0	0	0	0	0
Operating Expenses	21.8	9.31	9.76	7.38	6.58	5.13	4.8
Operating Income	-13.28	-2.95	-0.32	4.49	3.64	3.27	1.05
Other Expense / Income	-1.28	-0.29	-0.21	-0.45	-0.79	-0.25	-0.33
Pretax Income	-12.01	-2.67	-0.11	4.94	4.43	3.52	1.38
Income Tax	-0.67	0.27	-0.35	0.48	0.39	0.5	-0.15
Net Income	-11.34	-2.94	0.24	4.46	4.05	3.02	1.53
Net Income Growth	-	-	-94.65%	10.17%	34.03%	97.43%	-
Shares Outstanding (Basic)	3	3	2	2	2	2	2
Shares Outstanding (Diluted)	3	3	2	2	2	2	2
Shares Change	0.14%	4.25%	2.10%	13.08%	4.03%	6.15%	-
EPS (Basic)	-4.35	-1.13	0.10	1.83	1.87	1.45	0.78
EPS (Diluted)	-4.35	-1.13	0.10	1.83	1.87	1.45	0.78
EPS Growth	-	-	-94.75%	-2.14%	28.97%	85.90%	-
Free Cash Flow	-0.75	-1.41	1.06	-1.89	0.1	0.23	-0.57
Free Cash Flow Per Share	-0.29	-0.54	0.43	-0.77	0.04	0.11	-0.29
Gross Margin	43.80%	44.92%	57.92%	65.99%	68.72%	65.36%	59.56%
Operating Margin	-68.35%	-20.88%	-1.97%	24.96%	24.47%	25.45%	10.68%
Profit Margin	-58.33%	-20.78%	1.46%	24.78%	27.19%	23.47%	15.58%
Free Cash Flow Margin	-3.88%	-9.97%	6.52%	-10.49%	0.64%	1.76%	-5.81%
Effective Tax Rate	-	-	-	9.81%	8.73%	14.26%	-11.19%
EBITDA	-11.08	-1.94	0.59	5.37	4.7	3.56	1.39
EBITDA Margin	-57.02%	-13.70%	3.63%	29.84%	31.55%	27.67%	14.18%
Depreciation & Amortization	0.92	0.73	0.7	0.42	0.26	0.04	0.02
EBIT	-12.01	-2.67	-0.11	4.94	4.43	3.52	1.38
EBIT Margin	-61.78%	-18.86%	-0.68%	27.48%	29.79%	27.37%	14.01%

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).