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Hitek Global (HKIT) Revenue & Revenue Breakdown

OverviewFinancialsChart

Hitek Global Revenue Highlights

Latest Revenue (Y)

$4.56M

Latest Revenue (Q)

$1.62M

Main Segment (Y)

Software Member

Hitek Global Revenue by Period

Hitek Global Revenue by Year

DateRevenueChange
2023-12-31$4.56M-29.01%
2022-12-31$6.43M-0.50%
2021-12-31$6.46M11.31%
2020-12-31$5.80M-16.29%
2019-12-31$6.93M0.26%
2018-12-31$6.92M0.41%
2017-12-31$6.89M-

Hitek Global generated $4.56M in revenue during NA 2023, up -29.01% compared to the previous quarter, and up 65.99% compared to the same period a year ago.

Hitek Global Revenue by Quarter

DateRevenueChange
2023-12-31$1.62M100.00%
2023-09-30$807.81K-72.60%
2023-06-30$2.95M100.00%
2023-03-31$1.47M-17.41%
2022-12-31$1.78M-
2022-09-30$1.78M24.84%
2022-06-30$1.43M12.99%
2021-12-31$1.27M107.82%
2020-12-31$608.81K-64.97%
2019-12-31$1.74M0.26%
2019-06-30$1.73M-
2019-03-31$1.73M0.26%
2018-06-30$1.73M-
2018-03-31$1.73M0.41%
2017-06-30$1.72M-
2017-03-31$1.72M-
2017-01-31$1.72M-

Hitek Global generated $1.62M in revenue during Q4 2023, up 100.00% compared to the previous quarter, and up 90.52% compared to the same period a year ago.

Hitek Global Revenue Breakdown

Hitek Global Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22
Software Member$758.82K$2.12M

Hitek Global's latest annual revenue breakdown by segment (product or service), as of Dec 23: Software Member (100.00%).

Hitek Global Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ENVEnvestnet$1.25B$340.38M
ETWOE2open Parent$634.55M$151.16M
CWANClearwater Analytics$368.17M$115.83M
ENFNEnfusion$174.53M$51.17M
EXFYExpensify$150.69M$35.41M
EGANeGain$92.80M$21.80M
RSSSResearch Solutions$20.37M$12.04B
HKITHitek Global$4.56M$1.62M
IDBAIDEX Biometrics ASA$4.09M$1.46M

HKIT Revenue FAQ

What is Hitek Global’s yearly revenue?

Hitek Global's yearly revenue for 2023 was $4.56M, representing a decrease of -29.01% compared to 2022. The company's yearly revenue for 2022 was $6.43M, representing a decrease of -0.50% compared to 2021. HKIT's yearly revenue for 2021 was $6.46M, representing an increase of 11.31% compared to 2020.

What is Hitek Global’s quarterly revenue?

Hitek Global's quarterly revenue for Q4 2023 was $1.62M, a 100.00% increase from the previous quarter (Q3 2023), and a -9.48% decrease year-over-year (Q4 2022). The company's quarterly revenue for Q3 2023 was $807.81K, a -72.60% decrease from the previous quarter (Q2 2023), and a -54.74% decrease year-over-year (Q3 2022). HKIT's quarterly revenue for Q2 2023 was $2.95M, a 100.00% increase from the previous quarter (Q1 2023), and a 106.22% increase year-over-year (Q2 2022).

What is Hitek Global’s revenue growth rate?

Hitek Global's revenue growth rate for the last 3 years (2021-2023) was -29.37%, and for the last 5 years (2019-2023) was -34.18%.

What are Hitek Global’s revenue streams?

Hitek Global's revenue streams in c 23 are Software Member

What is Hitek Global’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Hitek Global was Software Member. This segment made a revenue of $758.82K, representing 100.00% of the company's total revenue.