FY2023 · ended Dec 31, 2023 · Revenue $4.24M, -54.1% YoY · Filed Apr 15, 2024
Fortune Valley Treasures, Inc. (FVTI) files with the SEC under industry code 5900, Retail-Miscellaneous Retail. In fiscal 2023, which ended Dec 31, 2023, it reported revenue of $4.2 million and a net loss of $4.0 million. Free cash flow was -$184,089. As of Jun 30, 2024 it held $7,410 in cash and investments and $1.3 million in total debt.
Revenue (TTM)
$1.84M
-78.4% vs year-ago TTM
Net income (TTM)
$-5.30M
-59.9% vs year-ago TTM
Operating cash flow (TTM)
$-368,199
-282.2% vs year-ago TTM
Free cash flow
$-184,089
-4353.4% vs prior year
EPS (TTM)
$-0.34
Dividend per share
None
Shares outstanding
15.66M
+0.0% vs prior year
Net cash
$-1.26M
as of Jun 30, 2024
Operating margin
-298.0%
FY 2024
Company profile
- Industry
- Retail-Miscellaneous Retail (SIC 5900)
- Listed as
- FVTI (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- NV
- Headquarters
- Guangdong Province, China
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1626745
- Former names
- CRYPTO-SERVICES, INC. (until Mar 2, 2017)
Other Retail-Miscellaneous Retail companies
- FirstCash Holdings, Inc. FCFS
- Ezcorp Inc EZPW
- TheRealReal, Inc. REAL
- Savers Value Village, Inc. SVV
- Suburban Propane Partners LP SPH
- Winmark Corp WINA
- Teamshares Inc TMS
- Ferrellgas Partners L P FGPR
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
FY 2020 Dec 31, 2020 |
FY 2019 Dec 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $4.2M | $9.2M | $8.0M | $5.0M | $275,219 |
| Operating income | -$4.2M | -$1.9M | $2.2M | -$3.2M | -$380,343 |
| Net income | -$4.0M | -$1.9M | $1.8M | -$3.3M | -$377,756 |
| Diluted EPS | -$0.26 | — | — | — | — |
| Operating cash flow | -$179,210 | $6,927 | -$457,142 | $1.2M | -$173,646 |
| Free cash flow | -$184,089 | $4,328 | -$574,219 | $1.2M | — |
| Total assets | $6.2M | $9.3M | $11.7M | $9.7M | $193,037 |
| Total liabilities | $4.3M | $2.8M | $2.2M | $2.4M | $953,541 |
| Stockholders' equity | $2.1M | $6.4M | $9.1M | $7.0M | -$760,504 |
| Cash and investments | $288,255 | $165,685 | $123,163 | $249,837 | $38,137 |
| Total debt | $1.5M | $1.3M | $865,429 | $661,515 | $111,904 |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Officer or director change
|
May 15, 2025 | May 15, 2025 |
| 8-K |
Current report
Restatement
|
Jan 13, 2025 | Jan 13, 2025 |
| 8-K |
Current report
Material agreement, Acquisition or sale of assets
|
Jan 13, 2025 | Jan 13, 2025 |
| 8-K |
Current report
Auditor change
|
Oct 4, 2024 | Oct 4, 2024 |
| 8-K |
Current report
Officer or director change
|
Aug 22, 2024 | Aug 22, 2024 |
| 10-Q | Quarterly report | Aug 14, 2024 | Jun 30, 2024 |
All 147 Fortune Valley Treasures, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.