Hitek Global (HKIT) Revenue & Revenue Breakdown


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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$348.27M
ETWOE2open Parent$634.55M$151.16M
CWANClearwater Analytics$368.17M$106.79M
ENFNEnfusion$174.53M$49.45M
EXFYExpensify$150.69M$33.29M
EGANeGain$92.80M$22.35M
RSSSResearch Solutions$20.37M$12.12M
HKITHitek Global$4.56M$1.62M
IDBAIDEX Biometrics ASA$4.09M$1.46M

HKIT Revenue FAQ


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.

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).

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%.

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

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.