WYTC WYTEC INTERNATIONAL INC

Overview and Growth

WYTEC INTERNATIONAL INC generated $131.08K of revenue in fiscal 2024, with net loss of $3.67M and an operating cash outflow of $1.70M. Revenue of $131.08K sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line contracted 48.7% from $255.63K in fiscal 2023; this top-line contraction left the company with a smaller revenue base. The company reported diluted EPS of -$0.25, adding a shareholder-level measure to the absolute income figures considered below. A diluted share base of 14.89M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 21.3% higher than fiscal 2023, when diluted shares averaged 12.28M, adding context to the EPS comparison. The company employed $323.57K of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.41x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $75.51K of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 57.6% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $3.09M after the reported operating expense base. The company ended the period with a net loss of $3.67M, extending the operating result through all remaining items. EBITDA was negative $3.06M, showing a deficit before interest, taxes, depreciation, and amortization. The reported income-tax provision was $0.00, the amount recognized between pretax income and the final net-income result. Compared with a $3.31M net loss in fiscal 2023, the current loss increased to $3.67M.

Liquidity and Capital Structure

At period end, the $323.57K asset base was financed through $2.61M of liabilities and -$2.28M of equity. The company reported negative equity of -$2.28M, a capital deficit that reduces its ability to absorb losses through book equity. The near-term balance sheet paired $237.00K of current assets with $2.60M of current liabilities at the reporting date. At 0.09x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. The company held $110.70K in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 4.3% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $1.34M, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-assets relationship was 415.7%, comparing borrowing with the total asset balance. Book equity represented -706.0% of total assets, quantifying the balance-sheet share supported by shareholder capital. Liabilities represented 806.0% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 34.2% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 73.5% from $1.22M in fiscal 2023, leaving current total assets lower year over year. The reported cash balance changed 80.4% from $564.76K in fiscal 2023, ending lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $1.70M, showing that operations absorbed cash during the period. The company spent $1.90K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Operating cash flow and capital spending combined to leave a $1.71M cash deficit after capital spending. The free-cash-flow deficit equaled 527.4% of total assets, placing the cash shortfall against the company’s resource base. Cash absorbed by operations decreased from $1.86M in fiscal 2023 to $1.70M.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Oct 21, 2026.