Fortune Valley Treasures
Income Statement

Last updated:

Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Fortune Valley Treasures's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 54% to $4,236,565. Profit margin reached -96%. Total operating expenses were $6,137,486.

Profit Margin

Fortune Valley Treasures, Inc. (OTC:FVTI): Profit margin
2015 0 -45.59K
2016 0 -23.33K
2017 260.97K -44.86K -17.19%
2018 95.84K -262.42K -273.79%
2019 275.21K -377.75K -137.26%
2020 5.00M -3.64M -72.86%
2021 8.02M 1.77M 22.19%
2022 9.23M -2.15M -23.36%
2023 4.23M -4.04M -95.52%

FVTI Income Statement (2015 – 2023)

2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue
Revenue
4.23M9.23M8.02M5.00M275.21K95.84K260.97K00
Cost of revenue
2.25M4.59M3.65M1.67M216.22K46.49K134.72K00
Gross profit
1.98M4.64M4.36M3.33M58.99K49.35K126.24K00
Operating exp.
Research and development
000000000
Selling and marketing
57.42K61.04K89.41K23.19K00000
Total operating expenses
6.13M4.74M2.18M892.34K439.34K315.43K168.45K44.46K45.59K
Operating income
-3.71M-95.49K2.17M2.26M-380.34K-266.08K-42.21K-44.46K-45.59K
Other income (expenses), net
-462.53K-1.87M35.19K-3.37M2.66K1.44K17721.12K0
Income before tax
-4.17M-1.97M2.21M-3.34M-377.67K-265.23K-42.03K-23.33K-45.59K
Income tax expense
96.44K186.48K248.83K306.92K82-2.81K-2.83K-21.12K0
Net income
-4.04M-2.15M1.77M-3.64M-377.75K-262.42K-44.86K-23.33K-45.59K
Earnings per share
Basic EPS
-0.26-0.140.11-0.24-0.02-0.01-0.00-0.06-0.12
Diluted EPS
-0.26-0.140.11-0.24-0.02-0.01-0.00-0.06-0.12
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