Q2 FY2024 · ended Jun 30, 2024 · Revenue $247,061, -80.6% YoY · Filed Aug 14, 2024
Fortune Valley Treasures, Inc. (FVTI) files with the SEC under industry code 5900, Retail-Miscellaneous Retail. In Q2 of fiscal 2024, the quarter ended Jun 30, 2024, it reported revenue of $247,061 and a net loss of $729,476. As of Jun 30, 2024 it held $7,410 in cash and investments and $1.3 million in total debt.
Revenue
$247,061
-80.6% vs year-ago quarter
Net income
$-729,476
-88.6% vs year-ago quarter
Operating cash flow
$15,361
-82.8% vs year-ago quarter
Free cash flow
$93,641
+159.1% vs year-ago quarter
EPS
$-0.05
-150.0% vs year-ago quarter
Dividend per share
None
Shares outstanding
15.66M
+0.0% vs year-ago quarter
Net cash
$-1.26M
Q2 FY2024
Operating margin
-298.0%
TTM
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; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q2 FY2024 Jun 30, 2024 |
Q1 FY2024 Mar 31, 2024 |
Q4 FY2023 Dec 31, 2023 |
Q3 FY2023 Sep 30, 2023 |
Q2 FY2023 Jun 30, 2023 |
|---|---|---|---|---|---|
| Revenue | $247,061 | $267,822 | $418,960 | $909,719 | $1.3M |
| Operating income | -$772,150 | -$992,941 | -$2.5M | -$1.2M | -$420,789 |
| Net income | -$729,476 | -$999,531 | -$2.5M | -$1.1M | -$386,825 |
| Diluted EPS | -$0.05 | -$0.06 | -$0.16 | -$0.07 | -$0.02 |
| Operating cash flow | $15,361 | -$290,166 | $93,734 | -$187,128 | $89,089 |
| Free cash flow | — | — | $93,641 | -$191,914 | $84,303 |
| Total assets | $4.6M | $5.1M | $6.2M | $7.4M | $8.6M |
| Total liabilities | $4.5M | $4.2M | $4.3M | $3.0M | $3.0M |
| Stockholders' equity | $297,322 | $1.1M | $2.1M | $4.4M | $5.6M |
| Cash and investments | $7,410 | $16,785 | $288,255 | $13,276 | $75,950 |
| Total debt | $1.3M | $1.4M | $1.5M | $1.4M | $1.3M |
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.