Thu, Mar 27, 6:59 PM (31 days ago)
### Financial Summary for Next Technology Holding Inc (NXTT) **Company Overview:** Next Technology Holding Inc (formerly known as WeTrade Group Inc) is a Wyoming-incorporated company with operations in Hong Kong and the British Virgin Islands (BVI). The company pursues two main strategies: providing AI-enabled software development services and acquiring and holding Bitcoin. **Financial Performance (2024 vs. 2023):** - **Revenue:** $1.80 million (2024) vs. $2.50 million (2023) - **Net Income:** $21.54 million (2024) vs. $3.02 million (2023) - **Operating Expenses:** $1.09 million (2024) vs. $2.67 million (2023) - **Cost of Revenue:** $730,000 (2024) vs. $1.07 million (2023) - **Gross Profit:** $1.07 million (2024) vs. $1.43 million (2023) - **Other Income:** $43.19 million (2024) vs. $4.39 million (2023) **Bitcoin Holdings:** - **Bitcoin Purchased:** 833 Bitcoin - **Fair Value Gain:** $43.18 million (2024) vs. $10.15 million (2023) - **Total Bitcoin Value:** $78.32 million (2024) vs. $35.14 million (2023) **Market Position:** - **Stock Symbol:** NXTT (Nasdaq Capital Market) - **Share Price:** $2.44 per share (as of December 31, 2024) - **Shareholders:** Approximately 358 as of March 27, 2025 **Strategic Overview:** - **Software Development:** Focus on AI-enabled software solutions for industrial and other businesses. - **Bitcoin Strategy:** Acquire Bitcoin with liquid assets exceeding working capital, issue debt or equity for additional purchases, and hold Bitcoin for trading. **Future Outlook:** - **Dividends:** No dividends declared or paid in the last two fiscal years; no plans to pay dividends in the foreseeable future. - **Capital Raising:** Plans to issue debt or equity to fund Bitcoin purchases and other strategic initiatives. **Risk Factors:** - **Regulatory Risks:** Uncertainty regarding PRC and U.S. regulations on Bitcoin and digital assets. - **Market Risks:** Volatility in Bitcoin prices and potential regulatory changes affecting the digital asset market. - **Operational Risks:** Dependence on key personnel and potential disruptions in software development services. **Financial Condition:** - **Assets:** $92.92 million (2024) vs. $48.93 million (2023) - **Liabilities:** $11.29 million (2024) vs. $4.22 million (2023) - **Stockholders' Equity:** $81.63 million (2024) vs. $44.71 million (2023) **Market Position Changes:** - **Stock Performance:** Positive trend with a focus on digital asset strategy and software development. - **Investor Interest:** Growing interest in the company's dual strategy of software development and Bitcoin investment. **Note:** Amounts are usually in thousands, 000s.