Wetouch Technology Full Year 2024 Earnings: EPS: US$0.52 (vs US$0.89 in FY 2023)

Wetouch Technology (NASDAQ:WETH) Full Year 2024 Results

Key Financial Results

• Revenue: US$42.3m (up 6.5% from FY 2023).
• Net income: US$6.03m (down 27% from FY 2023).
• Profit margin: 14% (down from 21% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.52 (down from US$0.89 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the PRC segment contributing a total revenue of US$27.3m (65% of total revenue). Notably, cost of sales worth US$28.7m amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$3.54m (47% of total expenses). Explore how WETH's revenue and expenses shape its earnings.

Wetouch Technology shares are up 11% from a week ago.

Risk Analysis

Be aware that Wetouch Technology is showing 5 warning signs in our investment analysis and 2 of those are significant...

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