HKIT

MKT CAP:$585925

Hitek Global Inc.

Market Cap

$585925

Technology·Software - Application·🇨🇳 China·NASDAQ

Technology·Software App·🇨🇳·NASDAQ

Stock Price

$0.93-$1.33 (-58.84%)

Apr 21, 2026

Company Details

Hitek Global Inc. provides information technology (IT) consulting and solutions to business in various industry sectors in China. It offers services to small and medium businesses, which consist of anti-counterfeiting tax control system (AC...

CEO

Xiaoyang Huang

IPO Date

Mar 31, 2023

Website

www.xmhitek.com

Key Metrics TTM

Revenue

$5M

-59.0% YoY

Net Income

-$1M

EPS (Diluted)

-$1.56

Free Cash Flow

-$2M

Revenue / Share

$8.98

Gross Margin

25.4%

Operating Margin

-66.5%

Net Margin

-26.4%

FCF Margin

-43.6%

P/S

0.1x

P/E

—

Earnings Reports

Q2 2025

Oct 22, 2025

$741.5K-59.6%EPS -$1.56

FY 2024

Apr 25, 2025

$3M-36.3%EPS -$3.12

Q4 2024

Dec 31, 2024

$1M-33.7%EPS -$1.90

Q2 2024

Jun 30, 2024

$2M-37.8%EPS $0.42

FY 2023

Apr 5, 2024

$5M-29.0%EPS $3.95

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 16	$2M	$920.0K	$659.5K
Q2 17	$3M	$2M	$1M
Q4 17	$4M	$2M	$1M
Q2 19	$3M	$2M	$909.7K
Q4 19	$4M	$2M	$1M
Q2 20	$3M	$1M	$754.8K
Q4 20	$3M	$2M	$999.0K
Q2 21	$3M	$2M	$1M
Q4 21	$3M	$2M	$980.5K
Q2 22	$3M	$2M	$761.7K
Q4 22	$4M	$2M	$865.5K
Q2 23	$3M	$1M	$507.7K
Q4 23	$2M	$422.0K	-$406.6K
Q2 24	$2M	$834.6K	-$371.9K
Q4 24	$1M	$52.5K	-$1M
Q2 25	$741.5K	$28.1K	-$1M

Valuation

Quarter	P/S	P/E
Q4 16	—	—
Q2 17	—	—
Q4 17	0.0x	0.2x
Q2 19	0.1x	0.2x
Q4 19	0.0x	0.1x
Q2 20	0.0x	0.1x
Q4 20	0.0x	0.2x
Q2 21	0.0x	0.2x
Q4 21	0.0x	0.2x
Q2 22	0.0x	0.2x
Q4 22	0.0x	0.2x
Q2 23	0.0x	0.2x
Q4 23	0.1x	0.2x
Q2 24	0.1x	0.3x
Q4 24	0.1x	3.9x
Q2 25	0.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 16	$45.0K	$43.9K
Q2 17	-$115.7K	-$119.8K
Q4 17	$295.6K	$295.5K
Q2 19	$45.4K	$45.4K
Q4 19	-$2.2K	-$2.2K
Q2 20	$3M	$3M
Q4 20	-$610.6K	-$610.6K
Q2 21	$269.1K	$269.1K
Q4 21	-$483.7K	-$483.7K
Q2 22	$4M	$4M
Q4 22	-$398.3K	-$398.3K
Q2 23	$200.9K	$60.3K
Q4 23	-$262.8K	-$308.7K
Q2 24	$729.3K	$719.4K
Q4 24	-$1M	-$1M
Q2 25	-$1M	-$1M

Capital Expenditures

Quarter	CapEx
Q4 16	$1.1K
Q2 17	$4.2K
Q4 17	$70
Q2 19	$0
Q4 19	$0
Q2 20	$0
Q4 20	$0
Q2 21	$0
Q4 21	$0
Q2 22	$0
Q4 22	$0
Q2 23	$140.5K
Q4 23	$46.0K
Q2 24	$9.9K
Q4 24	$9.9K
Q2 25	$3

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 19	-42.8%	-62.2%
Q4 19	+130.9%	+153.5%
Q2 20	-19.1%	-2.6%
Q4 20	-12.8%	-7.9%
Q2 21	+1.1%	-8.8%
Q4 21	-12.7%	-7.5%
Q2 22	+11.1%	+15.3%
Q4 22	+10.5%	+21.1%
Q2 23	-1.4%	+30.7%
Q4 23	-53.4%	-18.8%
Q2 24	-35.9%	+5.2%
Q4 24	-70.0%	-9.5%
Q2 25	-74.8%	-14.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 16	$0	0.0%
Q2 17	$0	0.0%
Q4 17	$0	0.0%
Q2 19	$0	0.0%
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 16	—	$262.5K	$8.1K	—
Q2 17	$13.4K	$433.3K	$28.9K	—
Q4 17	$10.8K	$534.2K	$3.4K	—
Q2 19	$17.4K	$293.1K	$84.4K	—
Q4 19	$7.9K	$276.7K	$80.9K	—
Q2 20	$18.5K	$599.3K	$1.3K	—
Q4 20	$17.4K	$760.3K	$714	—
Q2 21	$20.4K	$378.2K	$189	—
Q4 21	$23.2K	$471.7K	$38.0K	—
Q2 22	$25.0K	$393.6K	$145.6K	—
Q4 22	$17.0K	$342.8K	$73.0K	—
Q2 23	$19.6K	$495.6K	$163	—
Q4 23	$18.6K	$828.3K	$322	—
Q2 24	—	$657.7K	$4.9K	—
Q4 24	—	$1M	$8.1K	—
Q2 25	—	—	—	$1M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q4 16	—	38.7%	—
Q2 17	—	41.8%	—
Q4 17	—	35.0%	—
Q2 19	-42.8%	40.9%	-1.9
Q4 19	130.9%	38.4%	169.3
Q2 20	-19.1%	36.6%	17.5
Q4 20	-12.8%	36.9%	24.1
Q2 21	1.1%	45.4%	46.5
Q4 21	-12.7%	34.8%	22.1
Q2 22	11.1%	31.4%	42.5
Q4 22	10.5%	31.2%	41.7
Q2 23	-1.4%	9.2%	7.7
Q4 23	-53.4%	-23.0%	-76.4
Q2 24	-35.9%	30.8%	-5.1
Q4 24	-70.0%	-115.2%	-185.2
Q2 25	-74.8%	-96.8%	-171.7

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 17	$867.6K	$2M	$3M
Q2 18	$369.7K	$2M	$2M
Q4 18	$739.6K	$2M	$3M
Q2 19	$786.7K	$2M	$2M
Q4 19	$776.2K	$2M	$3M
Q2 20	$795.2K	$3M	$4M
Q4 20	$2M	$459.6K	$2M
Q2 21	$2M	$4M	$6M
Q4 21	$2M	$5M	$7M
Q2 22	$2M	$3M	$4M
Q4 22	$1M	$4M	$5M
Q2 23	$5M	$7M	$12M
Q4 23	$9M	$9M	$18M
Q2 24	$7M	$18M	$25M
Q4 24	$7M	$23M	$30M
Q2 25	$8M	$22M	$30M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 16	300K	-3.8%	—
Q2 17	220K	-26.7%	—
Q4 17	220K	0.0%	—
Q2 19	312K	+41.9%	0.0%
Q4 19	312K	0.0%	+4.0%
Q2 20	220K	-29.5%	0.0%
Q4 20	220K	0.0%	0.0%
Q2 21	220K	0.0%	-29.5%
Q4 21	312K	+41.9%	0.0%
Q2 22	220K	-29.5%	0.0%
Q4 22	312K	+41.9%	+41.9%
Q2 23	288K	-7.7%	+31.0%
Q4 23	288K	0.0%	-7.7%
Q2 24	288K	0.0%	+31.0%
Q4 24	536K	+86.3%	+72.0%
Q2 25	586K	+9.3%	+103.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 16	—	—
Q2 17	—	—
Q4 17	—	—
Q2 19	—	—
Q4 19	—	—
Q2 20	—	—
Q4 20	$43.1K	75
Q2 21	$39.9K	75
Q4 21	$46.3K	75
Q2 22	$38.1K	75
Q4 22	$59.5K	60
Q2 23	$49.1K	60
Q4 23	$33.7K	48
Q2 24	$38.2K	48
Q4 24	$35.7K	30
Q2 25	$24.7K	30

Revenue / Employee