XChange TEC.INC
XChange TEC.INC (XHG) Financial Performance & Income Statement Overview
Analyze XChange TEC.INC (XHG) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
XChange TEC.INC (XHG) Income Statement & Financial Overview
Review XChange TEC.INC XHG income statement with detailed quarterly and annual figures.
| Metric | Q2 2024 | Q1 2024 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| Revenue | $38.37M | $38.37M | $0.00 | $0.00 |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross Profit | $38.37M | $38.37M | $0.00 | $0.00 |
| Gross Profit Ratio | $1.00 | $1.00 | $0.00 | $0.00 |
| R&D Expenses | $7500.00 | $7500.00 | $11000.00 | $11000.00 |
| SG&A Expenses | $4.92M | $4.92M | $2.76M | $2.76M |
| Operating Expenses | $4.92M | $4.92M | $2.77M | $2.77M |
| Total Costs & Expenses | $4.92M | $4.92M | $2.77M | $2.77M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $0.00 | $0.00 | $0.00 | $0.00 |
| EBITDA | $0.00 | $0.00 | $0.00 | $0.00 |
| EBITDA Ratio | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | $33.45M | $33.45M | -$2.77M | -$2.77M |
| Operating Income Ratio | $0.87 | $0.87 | $0.00 | $0.00 |
| Other Income/Expenses (Net) | -$41.40M | -$41.40M | $777000.00 | $777000.00 |
| Income Before Tax | -$7.96M | -$7.96M | -$2.00M | -$2.00M |
| Income Before Tax Ratio | -$0.21 | -$0.21 | $0.00 | $0.00 |
| Income Tax Expense | $24000.00 | $24000.00 | $0.00 | $0.00 |
| Net Income | $193.71M | $193.71M | -$21.66M | -$21.66M |
| Net Income Ratio | $5.05 | $5.05 | $0.00 | $0.00 |
| EPS | -$67.48M | -$67.48M | -$0.00 | -$0.00 |
| Diluted EPS | -$67.48M | -$67.48M | -$0.00 | -$0.00 |
| Weighted Avg Shares Outstanding | $1.42M | $1.42M | $1502.49B | $1502.49B |
| Weighted Avg Shares Outstanding (Diluted) | $1.42M | $1.42M | $138.58B | $138.58B |
Over the last four quarters, XChange TEC.INC achieved steady financial progress, growing revenue from $0.00 in Q1 2023 to $38.37M in Q2 2024. Gross profit stayed firm with margins at 100% in Q2 2024 versus N/A in Q1 2023. Operating income totaled $33.45M in Q2 2024, maintaining a 87% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $0.00. Net income rose to $193.71M, with EPS at -$67.48M. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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