CSIMarket


Fortune Valley Treasures Inc   (FVTI)
Other Ticker:  
 
    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail


 

Fortune Valley Treasures Inc

FVTI's Financial Statements and Analysis



Fortune Valley Treasures Inc reported in the second quarter of 2023 net loss per share of $-0.02 compare to earnings per share of $0.05 in the same quarter a year ago a decrease compare to $-0.01 realized in previous quarter.


second quarter of 2023
Earnings Per Share Revenues
$ -0.02 $  1 Mill
$-0.07     $-1M     -45.53 %



Fortune Valley Treasures Inc 's Revenue fell by -45.53 % in second quarter of 2023 (Jun 30 2023) year on year, to $1 million and declined by -22.18 % sequentially.


Fortune Valley Treasures Inc is

More on FVTI's Income Statement



Fortune Valley Treasures Inc 's in thesecond quarter of 2023 recorded net loss of $-0.445 million, compare to net income of $0.789 million achieved in II. Quarter a year ago.

Sequentially net loss advanced

More on FVTI's Growth

Fortune Valley Treasures Inc Inventories
Inventories declined by -44.96 % to $0.08 million from II. Quarter a year ago, sequentially inventories fell by -9.94 %. FVTI's Cash flow In the second quarter of 2023 company's net cash flow was $0 million

More on FVTI's Cash flow Statement


Fortune Valley Treasures Inc does not pay out common stock dividend.

In trailing twelve-month period Fortune Valley Treasures Inc payed $ -0.01 cash per share, on a free-cash flow basis .

Book value fell by -13.43 % sequentially to $0.36 per share, -25.64% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 0.31 per share from $ 0.36.

Company repurchased 0.00 million shares or 0.00 % in Jun 30 2023.


More on FVTI's Dividends

 Market Capitalization (Millions) 73
 Shares Outstanding (Millions) 16
 Total Debt (Millions $) 1
 Revenue (TTM) (Millions $) 9
 Net Income (TTM) (Millions $) -4
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1




Fortune Valley Treasures Inc does not pay out common stock dividend.

In trailing twelve-month period Fortune Valley Treasures Inc had negative $ -0.01 cash flow per share, on a free-cash flow basis .

Book value fell by -13.43 % sequentially to $0.36 per share, -25.64% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 0.31 per share from $ 0.36.

Company repurchased 0.00 million shares or 0.00 % in Jun 30 2023.


More on FVTI's Balance Sheets

 Market Capitalization (Millions) 73
 Shares Outstanding (Millions) 16
 Total Debt (Millions $) 1
 Revenue (TTM) (Millions $) 9
 Net Income (TTM) (Millions $) -4
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1
   


  News about Fortune Valley Treasures Inc Earnings

Fortune Valley Treasures Inc Faces Steep Revenue Decline, Adding to Challenging Financial Quarter Ending Jun 30, 2023



In a challenging second quarter for Fortune Valley Treasures Inc (FVTI), the company reported a decline in both revenue and net shortfall, indicating a tough period for the organization. Let's delve into the financial details to assess the implications and look for potential future trends.
Declining Earnings and Revenue:
For the April to June 30, 2023 financial period, FVTI recorded a shortfall per stock of -$0.02 per share, compared to $0.05 per share in the same period the previous year. This represents a negative growth rate in terms of profitability. Moreover, the shortfall grew from -$0.01 per share from the prior reporting season, further highlighting the company's struggles in achiev...

Fortune Valley Treasures Inc reports exceptional first quarter growth, records $0.07M tax charge

Fortune Valley Treasures Inc, a specialty retail company, has shown remarkable growth in the first quarter of 2023. The company announced a surge in revenue by 29.599% to $1.64 million from the comparable reporting season a year before. However, it has also shown an increase in losses, with a loss of $-0.01 per share. Sequentially, income per share improved from $-0.24 per share but revenue tumbled by -39.89% from $2.72 million.
Despite the mixed financial results in the first quarter, Fortune Valley Treasures Inc remains optimistic about its future prospects. The company has been expanding its product range and its online presence, which it hopes will drive sales growth in the coming quarters. These eff...


Date modified: 2023-08-21T09:04:42+00:00





Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com