High-Trend International Group HTCO
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-4.18
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $214.4M | $108.2M | $95.3M | $185.3M | $122.0M | $78.4M | — |
| Cost of revenue | $207.6M | $100.1M | $107.1M | $158.5M | $109.0M | $82.3M | — |
| Gross profit | $6.8M | $8.1M | -$11.9M | $26.8M | $13.0M | -$3.9M | — |
| SG&A | $4.8M | $4.6M | $3.7M | $3.3M | $2.4M | $1.8M | — |
| Total operating expenses | $26.7M | $5.8M | $3.7M | $3.3M | $2.5M | $1.8M | — |
| Operating income | -$19.9M | $2.3M | -$15.6M | $23.6M | $10.5M | -$5.7M | — |
| Interest expense | $45.9K | $90.2K | $112.0K | $101.9K | $122.4K | $60.3K | — |
| Pre-tax income | -$20.1M | -$21.2M | -$15.8M | $23.6M | $10.3M | -$5.8M | — |
| Income tax | $9.1K | $4.1K | $2.5K | $11.2K | $2.1K | $2.4K | — |
| Net income | -$21.5M | -$23.6M | -$9.3M | $12.2M | $5.3M | -$3.2M | — |
| EPS, basic | -4.18 | -10.02 | -4.45 | 0.24 | 0.11 | -0.06 | — |
| EPS, diluted | -4.18 | -10.02 | -4.45 | 0.24 | 0.11 | -0.06 | — |
| Shares, diluted (wtd. avg.) | 5.5M | 2.4M | 2.1M | 50.0M | 50.0M | 50.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $10.1M | $6.9M | $2.2M | $21.6M | $10.4M | $8.1M | $2.4M |
| Receivables | $8.7M | $7.6M | $983.8K | $4.0M | $7.8M | — | — |
| Total current assets | $30.3M | $25.9M | $6.8M | $33.4M | $26.1M | — | — |
| Property, plant and equipment | $4.8K | $201 | $561.9K | $604.1K | $123.8K | — | — |
| Total assets | $32.4M | $29.2M | $8.4M | $35.6M | $27.2M | — | — |
| Accounts payable | $1.1M | $731.0K | $261.1K | $750.5K | $488.4K | — | — |
| Short-term debt | — | $580.1K | $937.5K | $880.6K | $899.6K | — | — |
| Total current liabilities | $19.7M | $19.6M | $14.1M | $23.2M | $20.4M | — | — |
| Long-term debt | — | $1.5M | $1.5M | $2.4M | $3.4M | — | — |
| Total liabilities | $19.8M | $20.5M | $15.7M | $25.5M | $23.8M | — | — |
| Retained earnings | -$51.4M | -$28.6M | -$5.0M | $4.4M | $433.8K | — | — |
| Total equity | $7.9M | $5.4M | -$7.3M | $10.0M | $3.4M | -$6.7M | -$895.3K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.6M | -$3.3M | -$17.8M | $33.1M | $632.5K | $1.1M | — |
| Depreciation and amortisation | $505 | $22.2K | $42.2K | $42.0K | $40.1K | — | — |
| Stock-based compensation | $21.9M | $1.2M | — | — | — | — | — |
| Capital expenditure | $5.1K | — | — | — | — | $1.6K | — |
| Investing cash flow | -$5.1K | — | — | — | $300.0K | -$301.6K | — |
| Financing cash flow | -$1.3M | $8.0M | -$1.6M | -$21.9M | $1.3M | $4.9M | — |
| Dividends paid | — | — | $902.0K | $17.0M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-040491.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $78.4M | $122.0M | $185.3M | $95.3M | $108.2M | $214.4M |
| Gross profit | — | -$3.9M | $13.0M | $26.8M | -$11.9M | $8.1M | $6.8M |
| Net income | — | -$3.2M | $5.3M | $12.2M | -$9.3M | -$23.6M | -$21.5M |
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