MTC
Income statement / Annual
Last year (2023), MMTec, Inc.'s total revenue was $869,935.00,
a decrease of 20.85% from the previous year.
In 2023, MMTec, Inc.'s net income was $48.96 M.
See MMTec, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$869,935.00 |
$1.10 M |
$653,036.00 |
$742,125.00 |
$200,797.00 |
$26,882.00 |
$0.00 |
$0.00 |
| Cost of Revenue |
$172,948.00
|
$231,084.00
|
$141,302.00
|
$7,405.00
|
$90,890.00
|
$16,308.00
|
$702,989.00
|
$514,465.00
|
| Gross Profit |
$696,987.00
|
$868,049.00
|
$511,734.00
|
$734,720.00
|
$109,907.00
|
$10,574.00
|
-$702,989.00
|
-$514,465.00
|
| Gross Profit Ratio |
0.8
|
0.79
|
0.78
|
0.99
|
0.55
|
0.39
|
0
|
0
|
| Research and Development Expenses |
$0.00
|
$828,869.00
|
$744,422.00
|
$410,840.00
|
$737,329.00
|
$828,367.00
|
$513,575.00
|
$327,189.00
|
| General & Administrative Expenses |
$4.64 M
|
$5.65 M
|
$6.14 M
|
$3.67 M
|
$2.66 M
|
$2.17 M
|
$918,600.00
|
$666,028.00
|
| Selling & Marketing Expenses |
$901,319.00
|
$1.01 M
|
$303,079.00
|
$244,163.00
|
$389,750.00
|
$171,016.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$5.54 M
|
$6.66 M
|
$6.44 M
|
$3.92 M
|
$3.05 M
|
$2.34 M
|
$918,600.00
|
$666,028.00
|
| Other Expenses |
$0.00
|
$6,366.00
|
$54,774.00
|
$53,646.00
|
-$724,795.00
|
-$1,022.00
|
-$1,555.00
|
$3,011.00
|
| Operating Expenses |
$5.54 M
|
$6.66 M
|
$6.44 M
|
$3.92 M
|
$2.33 M
|
$2.34 M
|
$918,600.00
|
$666,028.00
|
| Cost And Expenses |
$5.71 M
|
$6.89 M
|
$6.59 M
|
$3.93 M
|
$2.42 M
|
$2.35 M
|
$918,600.00
|
$666,028.00
|
| Interest Income |
$209,439.00
|
$94,372.00
|
$1,658.00
|
$30,478.00
|
$37,370.00
|
$483.00
|
$957.00
|
$1,812.00
|
| Interest Expense |
$746,410.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$12.00
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$45,782.00
|
$66,428.00
|
$40,130.00
|
$54,576.00
|
$25,839.00
|
$27,311.00
|
$20,969.00
|
$14,010.00
|
| EBITDA |
-$4.24 M |
-$5.85 M |
-$6.44 M |
-$3.13 M |
-$2.91 M |
-$2.30 M |
-$897,631.00 |
-$652,018.00 |
| EBITDA Ratio |
-4.88
|
-5.25
|
-7.23
|
-4.17
|
-11.04
|
-87.89
|
0
|
0
|
| Operating Income Ratio |
-5.56
|
-5.27
|
-9.09
|
-4.29
|
-11.04
|
-86.58
|
0
|
0
|
| Total Other Income/Expenses Net |
$448,357.00
|
$247,239.00
|
-$501,019.00
|
$2,555.00
|
$697,542.00
|
-$21,462.00
|
-$598.00
|
$4,823.00
|
| Income Before Tax |
-$4.39 M
|
-$5.65 M
|
-$7.05 M
|
-$3.18 M
|
-$2.24 M
|
-$2.35 M
|
-$919,198.00
|
-$661,205.00
|
| Income Before Tax Ratio |
-5.05
|
-5.14
|
-10.8
|
-4.29
|
-11.17
|
-87.38
|
0
|
0
|
| Income Tax Expense |
$0.00
|
-$193,740.00
|
$1.17 M
|
$7,541.00
|
-$64,407.00
|
-$21,450.00
|
-$957.00
|
-$1,812.00
|
| Net Income |
$48.96 M
|
-$5.45 M
|
-$8.22 M
|
-$3.19 M
|
-$2.18 M
|
-$2.35 M
|
-$919,198.00
|
-$661,205.00
|
| Net Income Ratio |
56.28
|
-4.96
|
-12.59
|
-4.3
|
-10.85
|
-87.38
|
0
|
0
|
| EPS |
0.47 |
-1.56 |
-3.36 |
-1.56 |
-1.09 |
-0.59 |
-0.17 |
-0.12 |
| EPS Diluted |
0.47 |
-1.56 |
-3.36 |
-1.56 |
-1.09 |
-0.59 |
-0.17 |
-0.12 |
| Weighted Average Shares Out |
$105.24 M
|
$3.50 M
|
$2.45 M
|
$2.04 M
|
$2.00 M
|
$3.96 M
|
$5.40 M
|
$5.40 M
|
| Weighted Average Shares Out Diluted |
$105.24 M
|
$3.50 M
|
$2.45 M
|
$2.04 M
|
$2.00 M
|
$3.96 M
|
$5.40 M
|
$5.40 M
|
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