Aankondiging • Apr 01
Hitek Global Inc. has completed a Follow-on Equity Offering in the amount of $3 million. Hitek Global Inc. has completed a Follow-on Equity Offering in the amount of $3 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,500,000
Price\Range: $0.03
Discount Per Security: $0.0021
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 98,500,000
Price\Range: $0.03
Discount Per Security: $0.0021
Transaction Features: Registered Direct Offering Aankondiging • Mar 28
Hitek Global Inc. has filed a Follow-on Equity Offering in the amount of $3 million. Hitek Global Inc. has filed a Follow-on Equity Offering in the amount of $3 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: $0.03
Transaction Features: Registered Direct Offering Aankondiging • Mar 27
Hitek Global Inc. has completed a Follow-on Equity Offering. Hitek Global Inc. has completed a Follow-on Equity Offering.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,852,011
Transaction Features: At the Market Offering Aankondiging • Mar 14
Hitek Global Inc. has filed a Follow-on Equity Offering in the amount of $100 million. Hitek Global Inc. has filed a Follow-on Equity Offering in the amount of $100 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • Dec 23
Hitek Global Inc. has filed a Follow-on Equity Offering in the amount of $100 million. Hitek Global Inc. has filed a Follow-on Equity Offering in the amount of $100 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • Dec 18
Hitek Global Inc. has withdrawn its Follow-on Equity Offering in the amount of $100 million. Hitek Global Inc. has withdrawn its Follow-on Equity Offering in the amount of $100 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • Nov 03
Hitek Global Inc., Annual General Meeting, Nov 24, 2025 Hitek Global Inc., Annual General Meeting, Nov 24, 2025, at 09:00 China Standard Time. Location: unit 304, no. 30 guanri road, siming district, fujian province, xiamen city China Aankondiging • Oct 10
Hitek Global Inc. has filed a Follow-on Equity Offering in the amount of $4.003458 million. Hitek Global Inc. has filed a Follow-on Equity Offering in the amount of $4.003458 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • Sep 10
Hitek Global Inc. has withdrawn its Follow-on Equity Offering. Hitek Global Inc. has withdrawn its Follow-on Equity Offering.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000 Reported Earnings • Nov 01
First half 2024 earnings released First half 2024 results: Revenue: US$1.83m (down 38% from 1H 2023). Net income: US$121.7k (down 80% from 1H 2023). Profit margin: 6.6% (down from 21% in 1H 2023). The decrease in margin was driven by lower revenue. Aankondiging • Oct 29
Hitek Global Inc. (NasdaqCM:HKIT) executed a letter of intent to acquire Viva Champion Limited from Jia Yuanbin. Hitek Global Inc. (NasdaqCM:HKIT) executed a letter of intent to acquire Viva Champion Limited from Jia Yuanbin on March 11, 2024. In accordance with the letter of intent, on April 15, 2024, Hitek Global paid a refundable deposit of $1.01 million to HK Jrui Trade Co Limited (“HK Jrui”) as requested by Jia Yuanbin. As of October 29, 2024, both parties are still in the due diligence phase of the letter of intent. If Hitek Global decides not to proceed with the letter of intent, the deposit will be refunded with interest. New Risk • Oct 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (107% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (€37.9m market cap, or US$41.0m). Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.41, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 20x in the IT industry in Germany. Total loss to shareholders of 6.8% over the past year. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €1.22, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 18x in the IT industry in Germany. Total loss to shareholders of 57% over the past year. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to €1.52, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 19x in the IT industry in Germany. Total loss to shareholders of 92% over the past year. New Risk • Aug 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 107% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (107% increase in shares outstanding). Minor Risks Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (€34.8m market cap, or US$38.4m). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.17, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 21x in the IT industry in Germany. Reported Earnings • Apr 07
Full year 2023 earnings released: EPS: US$0.079 (vs US$0.13 in FY 2022) Full year 2023 results: EPS: US$0.079 (down from US$0.13 in FY 2022). Revenue: US$4.56m (down 29% from FY 2022). Net income: US$1.05m (down 26% from FY 2022). Profit margin: 23% (up from 22% in FY 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.35, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 23x in the IT industry in Germany. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €2.46, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 23x in the IT industry in Germany. Board Change • Feb 13
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Wenhua Yang is the most experienced director on the board, commencing their role in 2023. Independent Director Lawrence Venick was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Feb 10
Hitek Global Inc. Appoints Weijun Wang and Shuiqing Huang as Directors Hitek Global Inc. at its AGM held on February 5, 2024 appointed Weijun Wang and Shuiqing Huang as directors of the Company to hold office until the next annual general meeting. Aankondiging • Jan 13
Hitek Global Inc., Annual General Meeting, Feb 05, 2024 Hitek Global Inc., Annual General Meeting, Feb 05, 2024, at 09:00 Eastern Standard Time. Location: Unit 304, No. 30 Guanri Road, Siming District Xiamen City Fujian Province China Agenda: To consider re-election of directors; to consider appointment of directors; to confirm, ratify and approve, as an ordinary resolution, the re-appointment of Wei, Wei & Co., LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023; and to consider other business issues. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.08, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 21x in the IT industry in Germany. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.20, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 22x in the IT industry in Germany. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to €1.05, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 20x in the IT industry in Germany. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €1.69, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 19x in the IT industry in Germany. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to €2.06, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 19x in the IT industry in Germany. Buying Opportunity • Sep 07
Now 56% undervalued after recent price drop Over the last 90 days, the stock is down 54%. The fair value is estimated to be €9.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €5.60, the stock trades at a trailing P/E ratio of 68.9x. Average trailing P/E is 18x in the IT industry in Germany. Buying Opportunity • Jul 12
Now 27% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €6.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €5.24, the stock trades at a trailing P/E ratio of 55.1x. Average trailing P/E is 18x in the IT industry in Germany. Buying Opportunity • Jun 22
Now 25% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €7.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. 