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Takung Art Co., Ltd. Income Statement 2022-2009 | TKAT
Brief overview of financial performance at Takung Art Co., Ltd.
The conclusions below are based on five years of reported results. Revenue at Takung Art Co., Ltd. moved from $12.9 million in 2017 to $3.4 million in 2022. The total change was −73.7%, with a CAGR of approximately −23.4%. Sales followed a declining trajectory over the five years.
At the gross-profit level, the result moved from $11.7 million to $2.6 million, a change of −77.6%. Comparing the endpoints gives gross margins of 90.3% and 77%. The contraction points to pressure from direct costs or weaker pricing power.
EBITDA was −$1.1 million at the beginning and −$9.8 million at the end of the period (−797.3%). EBITDA underperformed the top-line trend. At the operating-margin level, the figure shifted from −8.4% to −287.2%. Operating return per unit of revenue declined.
Across the five years, the net result shifted from −$1.1 million to −$10.4 million. The loss widened and increased the financial risk.
Market capitalization changed from 25 million dollars to 14.6 million dollars (−41.6%). The negative valuation trend points to increased investor caution.
Summary assessment
The financial trajectory is weak and requires a cautious interpretation. The overall view is constrained by weaker gross profitability, declining capitalization and limited revenue growth. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Takung Art Co., Ltd.
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
14.6 M | 34.9 M | 23.7 M | 13.7 M | 7.63 M | 25 M | 77 M | 28.8 M | - | - | - | - | - | - |
Shares |
24.8 M | 12.4 M | 11.3 M | 11.2 M | 11.2 M | 11.1 M | 10.6 M | 9.6 M | 8.58 M | 210 M | 22.8 M | - | - | - |
Historical Prices |
0.59 | 2.82 | 2.1 | 1.22 | 0.68 | 2.26 | 7.24 | 3 | - | - | - | - | ||
Net Income |
-10.4 M | -30.1 M | -613 K | -4.09 M | -7.63 M | -1.06 M | 6.37 M | 5.44 M | 1.37 M | -3.67 K | -340 K | -126 K | -40.4 K | -178 K |
Revenue |
3.4 M | 120 K | 4.57 M | 3.17 M | 8.5 M | 12.9 M | 19.1 M | 11.3 M | 4.72 M | 359 K | - | - | - | - |
Cost of Revenue |
- | - | 2.29 M | 1.86 M | 2.58 M | 1.25 M | 1.13 M | 806 K | 434 K | 153 K | - | - | - | - |
Gross Profit |
2.62 M | 120 K | 2.28 M | 1.31 M | 5.92 M | 11.7 M | 18 M | 10.5 M | 4.29 M | 206 K | - | - | - | - |
Operating Income |
-9.78 M | -13.4 M | -788 K | -3.65 M | -6.66 M | -1.83 M | 8.44 M | 6.87 M | 1.68 M | -134 | -333 K | - | - | - |
Interest Expense |
- | -93 | 163 K | 57.5 K | 290 K | 284 K | 136 K | 14 K | 2.08 K | 2.52 K | 1.56 K | - | - | - |
EBITDA |
-9.78 M | -13.4 M | -328 K | -3.05 M | -5.76 M | -1.09 M | 8.97 M | 7.2 M | 1.9 M | 63.7 K | -332 K | -233 K | - | - |
Operating Expenses |
- | 13.6 M | 788 K | 4.96 M | 12.6 M | 13.5 M | 9.57 M | 3.66 M | 2.61 M | 311 K | 333 K | - | - | - |
General and Administrative Expenses |
- | 13.6 M | 781 K | 4.66 M | 11.3 M | 12.1 M | 7.3 M | 3.08 M | 1.7 M | 206 K | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement Takung Art Co., Ltd.
| 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
35 M | 55.6 M | 35 M | 26.5 M | 23 M | 14.4 M | 14.4 M | 12.7 M | 11.6 M | 11.3 M | 11.3 M | 11.3 M | 11.3 M | 11.3 M | 11.3 M | 11.3 M | 11.2 M | 11.2 M | 11.2 M | 11.2 M | 11.2 M | 11.2 M | 11.2 M | 11.2 M | 11.2 M | 10.7 M | 11.2 M | 10.6 M | 10.6 M | 11.1 M | 11.1 M | 9.45 M | 9.33 M | 233 M | 9.33 M | 23.3 M | 23.3 M | 23.2 M | 210 M | 23.1 M | 23.1 M | 23 M | 22.9 M | - | 11.4 M | 11.3 M | - | - | - | - |
Net Income |
6.82 M | -50.6 K | - | 844 K | -7.16 M | -791 K | - | -1.99 M | -7.23 M | -573 K | - | 82.1 K | -14.8 K | -953 K | - | -1.13 M | -1.13 M | -709 K | - | -2.88 M | -1.08 M | 423 K | - | 27 K | 246 K | 874 K | - | 2.45 M | 1.12 M | 1.1 M | - | 1.14 M | 77.2 K | 494 K | - | -4.87 K | -92 K | -107 K | - | -67.3 K | -86.7 K | -93.7 K | - | - | -63.4 K | -62.1 K | - | - | 9.23 K | 73.9 K |
Revenue |
- | 700 K | - | 1.63 M | 694 K | - | - | 2.61 M | 1.14 M | 779 K | - | 685 K | 1.68 M | 1.18 M | - | 1.12 M | 626 K | 536 K | - | 364 K | 3.85 M | 3.97 M | - | 3.36 M | 2.92 M | 4.27 M | - | 5.74 M | 4.68 M | 3.79 M | - | 2.71 M | 936 K | 1.27 M | - | 922 K | 468 K | 1.05 M | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
- | 151 K | - | 720 K | 452 K | - | - | 720 K | 452 K | 252 K | - | 394 K | 754 K | 657 K | - | 580 K | 441 K | 267 K | - | 299 K | 940 K | 934 K | - | 292 K | 268 K | 263 K | - | 285 K | 275 K | 262 K | - | 215 K | 200 K | 178 K | - | 119 K | 99.8 K | 77.1 K | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | 549 K | - | 1.42 M | 543 K | - | - | 1.89 M | 691 K | 527 K | - | 291 K | 925 K | 525 K | - | 543 K | 185 K | 268 K | - | 64.1 K | 2.91 M | 3.04 M | - | 3.06 M | 2.65 M | 4.01 M | - | 5.46 M | 4.41 M | 3.53 M | - | 2.49 M | 736 K | 1.1 M | - | 803 K | 368 K | 968 K | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-305 K | -109 K | - | 1.09 M | -7.04 M | -611 K | - | -1.98 M | -7.39 M | -591 K | - | -500 K | -66.2 K | -629 K | - | -725 K | -707 K | -1.04 M | - | -2.62 M | -119 K | -212 K | - | -60.2 K | 102 K | 1.1 M | - | 3.06 M | 1.93 M | 1.33 M | - | 1.49 M | 86.5 K | 621 K | - | -4.87 K | -91 K | -107 K | - | -67.1 K | -83.8 K | -92.5 K | - | - | -63 K | -60.8 K | - | - | - | - |
Interest Expense |
- | 93.3 K | - | - | - | -99 | - | 59.7 K | -732 | 22.8 K | - | 55.5 K | 65.1 K | 38.3 K | - | 13.1 K | -79.8 K | -22 K | - | 263 K | 160 K | 239 K | - | 133 K | 132 K | 130 K | - | 164 K | 99.9 K | 50.6 K | - | -5.2 K | 454 | 29 | - | - | - | - | - | 185 | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-305 K | -99.3 K | - | 1.31 M | -7.03 M | -611 K | - | -1.92 M | -7.32 M | -495 K | - | -390 K | 52.8 K | -501 K | - | -576 K | -550 K | -880 K | - | -1.91 M | 353 K | 16.9 K | - | 130 K | 282 K | 1.27 M | - | 3.19 M | 2.07 M | 1.43 M | - | 1.58 M | 169 K | 695 K | - | -3.76 K | -89.9 K | -106 K | - | -65.6 K | -82.8 K | -92.1 K | - | - | -62.6 K | -60.8 K | - | - | - | - |
Operating Expenses |
- | 657 K | - | - | - | 611 K | - | 3.87 M | 8.08 M | 1.12 M | - | 792 K | 991 K | 1.15 M | - | 1.27 M | 892 K | 1.31 M | - | 2.68 M | 3.03 M | 3.25 M | - | 3.12 M | 2.55 M | 2.91 M | - | - | - | 2.2 M | - | - | - | - | - | 4.87 K | 91 K | 107 K | - | 67.1 K | 83.8 K | 92.5 K | - | - | 63 K | 60.8 K | - | - | - | - |
General and Administrative Expenses |
- | 657 K | - | - | - | 611 K | - | 3.82 M | 7.95 M | 1.01 M | - | 617 K | 930 K | 1.11 M | - | 1.16 M | 888 K | 1.27 M | - | 2.21 M | 2.57 M | 3.01 M | - | 2.5 M | 2.24 M | 2.57 M | - | 1.74 M | 1.77 M | 1.56 M | - | 999 K | 650 K | 476 K | - | 1.77 K | 55.9 K | 56.3 K | - | 25.7 K | 31.8 K | 41.2 K | - | - | 28.7 K | 29.9 K | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Takung Art Co., Ltd. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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