Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data WANG & LEE GROUP, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2022
FY2023
FY2024
Revenue
4.14
4.17
6.83
3.95
Cost of revenue
3.28
3.38
4.39
3.54
Gross profit
0.86
0.79
2.44
0.41
General and administrative
1.22
1.43
3.21
2.96
Operating expenses
1.22
1.43
3.21
2.96
Operating income
-0.36
-0.64
-0.77
-2.55
Interest expense
0.01
0.04
0.06
0.13
Other non-operating income
0.01
0.04
0.12
0
Pre-tax income
-0.35
-0.6
-0.65
-2.54
Net income
-0.35
-0.6
-0.65
-2.54
EBITDA
-0.36
-0.64
-0.77
-2.55
EPS, basic
-0.03
-0.05
-0.04
-0.17
EPS, diluted
-0.03
-0.05
-0.04
-0.17
Shares, basic (weighted)
12
12
14.3
15.2
Shares, diluted (weighted)
12
12
14.3
15.2
Balance sheet
FY2022
FY2022
FY2023
FY2024
Cash and equivalents
0.54
0.61
5.21
4.3
Receivables
0.68
1.07
4
1.84
Total current assets
2.26
2.88
11.3
6.83
Property, plant and equipment
0
0
0.07
0.05
Lease right-of-use assets
0.21
0.09
Total assets
2.42
3.1
11.8
8.72
Accounts payable
0.69
0.94
1.16
0.56
Deferred revenue
0.23
0.87
1
0.53
Short-term debt
0.26
0.46
1.15
1.89
Total current liabilities
2.78
4.16
5.1
4.75
Lease liabilities
0.09
Total liabilities
3.54
4.81
5.78
5.23
Paid-in capital
0.5
0.5
0.5
0.5
Retained earnings
-1.62
-2.22
-2.87
-5.41
Other comprehensive income
0.01
0.01
0.03
0.06
Shareholders' equity
-1.12
-1.71
6.01
3.49
Total equity
-1.12
-1.71
6.01
3.49
Total liabilities and equity
2.42
3.1
11.8
8.72
Shares outstanding
12
12
15.1
17.4
Cash flow statement
FY2022
FY2022
FY2023
FY2024
Net income
-0.35
-0.6
-0.65
-2.54
Depreciation and amortization
0
0
0
0
Change in receivables
0.77
-0.41
-3.07
0.03
Change in payables
-0.03
0.23
0.42
-0.63
Cash from operations
-0.48
-0.35
-3.81
-1.57
Cash from financing
1.02
0.42
8.41
0.63
Exchange rate effect
-0.01
0
0
0.03
Net change in cash
0.54
0.07
4.6
-0.94
Interest paid
0.01
0.04
0.06
0.13
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $0.00 on November 9, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
10.4%
Gross profit / revenue.
Operating margin
-64.5%
Operating income / revenue.
EBITDA margin
-64.5%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-64.4%
Pre-tax income / revenue.
Net margin
-64.4%
Net income / revenue.
Operating cash flow margin
-39.7%
Cash from operations / revenue.
Return on equity (ROE)
-53.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-24.8%
Net income / average total assets.
D&A / revenue
0.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-42.1%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-1.5%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-83.1%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-21.7%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-41.8%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-26.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
53.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
6.3%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
8.2%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.44x
Current assets / current liabilities.
Quick ratio
1.29x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.91x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.17
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.26
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.10
Cash from operations / diluted weighted shares.
Book value per share
$0.20
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.00x
Market cap / revenue.
P/B
0.00x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.00x
Market cap / tangible book value, when positive.
Earnings yield
-146,541.0%
Net income / market cap (the inverse of P/E).
What was WANG & LEE GROUP, Inc.'s revenue in fiscal 2024?
WANG & LEE GROUP, Inc. reported revenue of $4.0M for fiscal 2024, 42.1% lower than the year before.
Was WANG & LEE GROUP, Inc. profitable in fiscal 2024?
No. It reported a net loss of $2.5M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.