WYTEC INTERNATIONAL INC (WYTC)
Wytec International, Inc. specializes in engineering and deploying compact cellular infrastructure and broad-reaching network solutions crucial for 5G expansion throughout the United States. The company also handles the creation, manufacturing, and installation of Wi-Fi systems for a diverse clientele, including municipal governments, mobile service providers, national telecommunications firms, and corporate enterprises. A prominent offering is their LPN-16 local area network platform, which facilitates an array of transmission and networking services for wireless data, video, and voice communications, Voice over IP (VoIP), an emergency services portal, mesh networking, single and multi-channel transmissions, and Wi-Fi access, among other similar functionalities. Additionally, Wytec provides in-building cellular connectivity, private LTE networks, and operates as a mobile virtual network operator. Founded in 2011, the company is headquartered in San Antonio, Texas.
Sector: Telegraph & Other Message Communications
Industry: Communication Equipment
Wytec International Inc.
No splits on record
Nothing in WYTC's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $394K | $1.08M | $405K |
| YoY Growth | -63.4% | 165.6% | - |
| Cost of Revenue | $369K | $792K | $219K |
| Gross Profit | $25K | $285K | $186K |
| Gross Margin | 6.3% | 26.5% | 46.0% |
| Research and Development | $41K | $21K | $5K |
| Selling, General, and Administrative | $3.63M | $2.3M | $2.75M |
| Other | $60K | $70K | $136K |
| Total Operating Expenses | $3.74M | $2.39M | $2.9M |
| Operating Income (EBIT) | -$3.55M | -$2.11M | -$2.71M |
| Operating Margin | -900.8% | -195.6% | -668.1% |
| Interest Expense | $94K | $94K | $38 |
| Interest Income | $69 | $42 | $404 |
| Other Income (Expense) | -$94K | $84K | -$145K |
| Income Before Tax (EBT) | -$3.64M | -$2.02M | -$2.85M |
| Income Tax Expense | $94K | $0 | $0 |
| Net Income | -$3.74M | -$2.02M | -$2.85M |
| Net Income Margin | -948.7% | -187.8% | -703.7% |
| Supplementary Data | |||
| EPS | -0.21 | -0.11 | -0.16 |
| Diluted EPS | -0.21 | -0.11 | -0.16 |
| Weighted Average OS | 17.96M | 17.96M | 17.96M |
| EBITDA | -$3.49M | -$1.86M | -$2.72M |
| EBITDA Margin | -885.6% | -172.5% | -670.1% |
| Period | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $270K | $596K | $619K |
| Short-Term Investments | $0 | $0 | $0 |
| Cash and Short-Term Investments | $270K | $596K | $619K |
| Accounts Receivable | $9K | $59K | $94K |
| Inventory | $33K | $2K | $0 |
| Other Current Assets | $0 | $2K | $13K |
| Total Current Assets | $312K | $659K | $726K |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $140K | $292K | $467K |
| Goodwill | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 |
| Total Long-Term Assets | $140K | $292K | $467K |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $452K | $951K | $1.19M |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $439K | $231K | $145K |
| Short-Term Debt | $780K | $692K | $151K |
| Current Income Tax Payable | $0 | $0 | $0 |
| Current Unearned Revenue | $6K | $26K | $0 |
| Other Current Liabilities | $895K | $895K | $895K |
| Total Current Liabilities | $2.12M | $1.84M | $1.19M |
| Long-Term Liabilities | |||
| Long-Term Debt | $212K | $110K | $237K |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 |
| Total Long-Term Liabilities | $212K | $110K | $237K |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $2.33M | $1.95M | $1.43M |
| Stockholders' Equity | |||
| Preferred Stock | $5K | $6K | $6K |
| Common Stock | $7K | $30K | $30K |
| Retained Earnings | -$25.72M | -$22.07M | -$20.12M |
| Comprehensive Income & Other | $0 | $0 | $0 |
| Other Stockholders' Equity | $23.83M | $21.04M | $19.85M |
| Total Equity | -$1.88M | -$1M | -$235K |
| Minority Interest | $0 | $0 | $0 |
| Total Liabilities and Equity | $452K | $951K | $1.19M |
| Supplementary Data | |||
| Total Debt | $992K | $801K | $388K |
| Net Debt | $722K | $206K | -$231K |
| Period | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||
| Net Income | -$3.64M | -$2.02M | -$2.85M |
| Depreciation & Amortization | $60K | $70K | $136K |
| Deferred Income Tax | $0 | $0 | $0 |
| Stock-Based Compensation | $1.69M | $226K | $143K |
| Changes in Working Capital: | |||
| Accounts Receivable | $51K | $34K | -$70K |
| Inventory | -$31K | -$2K | $0 |
| Accounts Payable | $209K | $86K | -$84K |
| Other Working Capital | -$91K | -$105K | -$179K |
| Total Working Capital Change | $137K | $13K | -$333K |
| Other Non-Cash Items | $13K | $53K | $287K |
| Net Cash from Operating | -$1.74M | -$1.66M | -$2.62M |
| Investing Activities | |||
| Capital Expenditures | -$953 | -$13K | -$25K |
| Acquisitions | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 |
| Net Cash from Investing | -$953 | -$13K | -$25K |
| Financing Activities | |||
| Debt Repaid | - | - | - |
| Common Stock Issuance | $674K | $512K | $969K |
| Common Stock Repurchases | $0 | -$80K | $0 |
| Dividends Paid | $0 | $0 | $0 |
| Other Financing Activities | $1.42M | $1.65M | $1.54M |
| Net Cash from Financing | $1.42M | $1.65M | $1.54M |
| Forex Effect | $0 | $0 | $0 |
| Net Change in Cash | -$326K | -$23K | -$1.1M |
| Supplementary Data | |||
| Operating Cash Flow | -$1.74M | -$1.66M | -$2.62M |
| Capital Expenditure | -$953 | -$13K | -$25K |
| Free Cash Flow | -$1.74M | -$1.67M | -$2.65M |
| Cash at Beginning | $596K | $619K | $1.72M |
| Cash at End | $270K | $596K | $619K |