Zhongchao
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. Zhongchao's past years’ income statements indicate that its last revenue has increased compared to the previous period by 37% to $19,433,945. Profit margin reached -58%. Total operating expenses were $21,795,990.

Profit Margin

Zhongchao Inc. (NASDAQ:ZCMD): Profit margin
2017 9.81M 1.52M 15.58%
2018 12.86M 3.01M 23.47%
2019 14.88M 4.04M 27.19%
2020 17.98M 4.45M 24.78%
2021 16.29M 238.66K 1.46%
2022 14.15M -2.82M -19.94%
2023 19.43M -11.33M -58.33%

ZCMD Income Statement (2017 – 2023)

2023 2022 2021 2020 2019 2018 2017
Revenue
Revenue
19.43M14.15M16.29M17.98M14.88M12.86M9.81M
Cost of revenue
10.92M7.79M6.85M6.11M4.65M4.45M3.97M
Gross profit
8.51M6.35M9.43M11.87M10.22M8.40M5.84M
Operating exp.
Research and development
514.41K411.52K758.87K816.55K864.32K1.44M943.25K
Selling and marketing
6.71M2.09M3.13M3.44M3.19M2.26M2.71M
Total operating expenses
21.79M9.31M9.75M7.38M6.58M5.13M4.79M
Operating income
-13.28M-2.95M-320.74K4.48M3.64M3.27M1.04M
Other income (expenses), net
1.30M404.45K209.98K452.53K745.49K37.36K292.35K
Income before tax
-11.97M-2.55M-110.75K4.94M4.38M3.50M1.34M
Income tax expense
-669.76K272.31K-349.41K484.78K387.14K502.13K-153.95K
Net income
-11.33M-2.82M238.66K4.45M4.04M3.01M1.52M
Earnings per share
Basic EPS
-4.35-1.090.091.831.871.450.78
Diluted EPS
-4.35-1.090.091.831.871.450.78
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