GULF RESOURCES, INC. Income Statement
GURE|14 years of annual SEC 10-K data (FY2011-FY2024)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 14 fiscal years. All figures from audited SEC 10-K filings.
GULF RESOURCES, INC. reported $30M in revenue and $62M in net loss for FY2024. Revenue has declined at a 9.5% compound annual rate over the past 13 years.
Based on SEC 10-K filings.
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score -2.45 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.0M | $66.1M | $55.0M | $28.2M | $10.6M | $2.6M | $107.5M | $149.3M | $162.3M | $113.7M | $118.4M | $101.7M | $165.0M | $110.3M |
| Cost of Revenue | - | - | - | - | $5.4M | $1.3M | $63.2M | $94.8M | $109.0M | $81.7M | $84.2M | $73.4M | $89.5M | $62.7M |
| SG&A Expense | $4.2M | $6.0M | $9.5M | $10.2M | $13.3M | $11.3M | $278.6K | $343.1K | $375.4K | $7.2M | $8.6M | $6.8M | $17.9M | $5.3M |
| R&D Expense | - | - | - | - | - | - | $195.2K | $261.9K | $230.6K | $134.3K | $140.4K | $164.6K | $398.8K | $500.4K |
| Operating Income | -$11.9M | $16.5M | $5.2M | -$9.7M | -$23.3M | -$83.6M | $11.2M | $47.7M | $45.2M | $23.8M | $28.4M | $20.5M | $44.3M | $41.7M |
| Interest Expense | $105.2K | $121.4K | $137.2K | $136.4K | $145.4K | $160.4K | $164.3K | $174.9K | $194.0K | $203.3K | $208.3K | $210.7K | $212.4K | $17.1K |
| Income Tax | $3.5M | $6.6M | $6.3M | -$1.1M | $2.8M | -$13.1M | $3.6M | $11.8M | $11.4M | $6.2M | $7.6M | $5.6M | $13.4M | $11.2M |
| Net Income | -$61.8M | $10.1M | -$924.7K | -$8.4M | -$25.8M | -$70.0M | $8.0M | $36.2M | $34.1M | $17.9M | $21.0M | $15.0M | $31.0M | $30.6M |
| EPS (Basic) | -$5.92 | $1.00 | -$0.09 | - | - | - | $0.17 | $0.78 | $0.75 | $0.46 | $0.55 | $0.43 | $0.89 | $1.00 |
| EPS (Diluted) | - | - | - | -$0.87 | -$2.73 | -$7.45 | $0.17 | $0.78 | $0.74 | $0.46 | $0.54 | $0.43 | $0.89 | $1.00 |
| Shares Outstanding | 10.7M | 10.4M | 10.5M | 10.0M | 9.5M | 9.4M | 46.8M | 46.8M | 46.0M | 38.7M | 38.6M | 38.4M | 34.6M | 34.7M |
| Operating Margin | -39.6% | 24.9% | 9.5% | -34.3% | -219.8% | -3219.8% | 10.4% | 32.0% | 27.8% | 21.0% | 24.0% | 20.1% | 26.9% | 37.8% |
| Profit Margin | -205.7% | 15.2% | -1.7% | -29.8% | -243.5% | -2696.2% | 7.4% | 24.3% | 21.0% | 15.7% | 17.7% | 14.7% | 18.8% | 27.7% |