Financial Statements — HKIT
Balance Sheet
(in millions USD)| Metric | Q2
2025 | Q2
2024 | Q2
2023 |
|---|
| Cash & Equivalents | 8.20 | 7.22 | 5.50 |
| Short-term Investments | 21.60 | 18.14 | 6.73 |
| Accounts Receivable | 1.15 | 1.94 | 1.26 |
| Inventory | 0.14 | 0.19 | 0.46 |
| Total Current Assets | 34.35 | 37.29 | 22.37 |
| Property, Plant & Equipment | 0.61 | 0.95 | 0.24 |
| Total Non-current Assets | 6.76 | 6.21 | 10.81 |
| Total Assets | 41.11 | 43.50 | 33.18 |
| Accounts Payable | 0.21 | 0.60 | 0.56 |
| Total Current Liabilities | 2.41 | 5.42 | 5.71 |
| Total Non-current Liabilities | 4.11 | 9.93 | 1.52 |
| Total Liabilities | 6.52 | 15.36 | 7.22 |
| Retained Earnings | 9.57 | 11.51 | 9.17 |
| Total Stockholder Equity | 34.60 | 28.14 | 25.96 |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2025 | Q2
2024 | Q2
2023 |
|---|
| Total Revenue | 0.74 | 1.83 | 2.95 |
| Cost of Revenue | 0.57 | 0.88 | 1.45 |
| Gross Profit | 0.17 | 0.95 | 1.50 |
| Research & Development | -- | -- | 0.02 |
| Selling, General & Admin | 1.52 | 1.32 | 0.99 |
| Total Operating Expenses | 1.52 | 1.33 | 0.99 |
| Operating Income | (1.35) | (0.37) | 0.51 |
| Interest Expense | -- | -- | 0.16 |
| Pretax Income | (1.02) | 0.29 | 0.95 |
| Tax Provision | (0.10) | 0.17 | 0.33 |
| Net Income | (0.92) | 0.12 | 0.62 |
| Basic EPS | (0.75) | 0.25 | 1.25 |
| Diluted EPS | (0.75) | 0.25 | 1.25 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2025 | Q2
2024 | Q2
2023 |
|---|
| Operating Cash Flow | 1.15 | 0.75 | 0.20 |
| Capital Expenditures | -- | 0.01 | 0.14 |
| Free Cash Flow* | -- | 0.74 | 0.06 |
| Investing Cash Flow | (0.23) | (11.03) | (11.00) |
| Financing Cash Flow | -- | 8.20 | 15.14 |
* Derived from reported values
