Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$1.63, the stock trades at a trailing P/E ratio of 78.7x. Average trailing P/E is 21x in the IT industry in the US. Total loss to shareholders of 100% over the past three years. Reported Earnings • Apr 26
Full year 2025 earnings released: EPS: US$0.009 (vs US$2.18 loss in FY 2024) Full year 2025 results: EPS: US$0.009 (up from US$2.18 loss in FY 2024). Revenue: US$6.54m (up 125% from FY 2024). Net income: US$180.1k (up US$1.08m from FY 2024). Profit margin: 2.8% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 16 percentage points per year, which is a significant difference in performance. New Risk • Apr 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor 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 Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (US$1.20m market cap). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (US$1.8m revenue). Announcement • 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 Announcement • 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 Announcement • 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 New Risk • Mar 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$3.33m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (US$3.33m market cap). Minor Risk Revenue is less than US$5m (US$1.8m revenue). Announcement • 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 Announcement • 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 Announcement • 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 Announcement • 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 Reported Earnings • Oct 24
First half 2025 earnings released: US$0.031 loss per share (vs US$0.008 profit in 1H 2024) First half 2025 results: US$0.031 loss per share (down from US$0.008 profit in 1H 2024). Net loss: US$916.1k (down US$1.04m from profit in 1H 2024). Announcement • 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 Announcement • 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 • Apr 27
Full year 2024 earnings released: US$0.044 loss per share (vs US$0.079 profit in FY 2023) Full year 2024 results: US$0.044 loss per share (down from US$0.079 profit in FY 2023). Net loss: US$896.7k (down 186% from profit in FY 2023). Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$1.33, the stock trades at a trailing P/E ratio of 71.2x. Average trailing P/E is 45x in the IT industry in the US. Total loss to shareholders of 53% over the past year. New Risk • Feb 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 104% 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 Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Minor Risks Revenue is less than US$5m (US$3.4m revenue). Market cap is less than US$100m (US$36.9m market cap). 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. Announcement • 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 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). Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (US$41.0m market cap). Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$1.68, the stock trades at a trailing P/E ratio of 47x. Average trailing P/E is 43x in the IT industry in the US. Total loss to shareholders of 8.7% over the past year. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$1.43, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 36x in the IT industry in the US. Total loss to shareholders of 38% 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 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 Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (US$38.4m market cap). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$1.19, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 29x in the IT industry in the US. Total loss to shareholders of 89% over the past year. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to US$1.61, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 28x in the IT industry in the US. Total loss to shareholders of 85% over the past year. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to US$1.42, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 24x in the IT industry in the US. Total loss to shareholders of 73% over the past year. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to US$1.08, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 25x in the IT industry in the US. Total loss to shareholders of 78% over the past year. 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 16% After last week's 16% share price decline to US$1.54, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 22x in the IT industry in the US. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to US$1.62, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 22x in the IT industry in the US. Board Change • Feb 14
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. Announcement • 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. New Risk • Feb 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 10% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$10.1m market cap). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 78% After last week's 78% share price gain to US$1.14, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 20x in the IT industry in the US. Announcement • 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 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$1.05, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 21x in the IT industry in the US. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$1.38, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 21x in the IT industry in the US. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$1.46, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 19x in the IT industry in the US. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to US$1.71, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 23x in the IT industry in the US. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorates as stock falls 83% After last week's 83% share price decline to US$4.24, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 23x in the IT industry in the US. Buying Opportunity • Sep 07
Now 62% undervalued after recent price drop Over the last 90 days, the stock is down 65%. The fair value is estimated to be US$9.55, 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 25
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to US$6.88, the stock trades at a trailing P/E ratio of 68.9x. Average trailing P/E is 26x in the IT industry in the US. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$5.59, the stock trades at a trailing P/E ratio of 56x. Average trailing P/E is 24x in the IT industry in the US. New Risk • Jun 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 9.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$85.4m market cap). Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 42% After last week's 42% share price decline to US$6.03, the stock trades at a trailing P/E ratio of 60.4x. Average trailing P/E is 24x in the IT industry in the US. Buying Opportunity • Jun 21
Now 24% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be US$7.91, 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 • May 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$6.17, the stock trades at a trailing P/E ratio of 61.8x. Average trailing P/E is 22x in the IT industry in the US. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: US$0.13 (vs US$0.15 in FY 2021) Full year 2022 results: EPS: US$0.13 (down from US$0.15 in FY 2021). Revenue: US$6.43m (flat on FY 2021). Net income: US$1.42m (down 15% from FY 2021). Profit margin: 22% (down from 26% in FY 2021).