Taitron Components Incorporated (TAIT) Income Statement
TAIT 2024 at a glance
Fiscal year ended December 31, 2024 · U.S. dollarsTAIT revenue and net income
Where TAIT's revenue goes
2024Each bar shows an amount and its share of revenue. TAIT kept 21.8% of revenue as net income.
TAIT profit margins
TAIT growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −32.2% | −21.8% | −9.4% | −3.4% |
| Gross profit | −38.6% | −19.9% | −7.2% | +3.7% |
| Operating income | −108.7% | — | — | — |
| Net income | −51.1% | −23.4% | +3.1% | — |
| EPS (diluted) | −51.6% | −23.9% | +4.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TAIT quarterly EPS vs estimates
Taitron Components beat the analyst EPS estimate in 2 of the last 3 quarters.
TAIT income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.1M | $6.1M | $8.4M | $8.6M | $6.7M | $6.8M | $8.2M | $7.6M | $6.9M | $5.7M |
| Cost of revenue | $2.0M | $2.7M | $4.0M | $4.5M | $3.4M | $3.7M | $4.6M | $4.6M | $7.7M | $3.9M |
| Gross profit | $2.1M | $3.4M | $4.4M | $4.1M | $3.3M | $3.1M | $3.6M | $3.0M | −$748,000 | $1.8M |
| Research & development | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Sales, general & admin | $2.2M | $2.2M | $2.2M | $2.0M | $2.2M | $2.4M | $2.2M | $2.2M | $2.1M | $2.1M |
| Total operating expenses | $2.2M | $2.2M | $2.2M | $2.0M | $2.2M | $2.4M | $2.2M | $2.2M | $2.1M | $2.1M |
| Operating income | −$104,000 | $1.2M | $2.2M | $2.1M | $1.1M | $698,000 | $1.4M | $791,000 | −$2.9M | −$339,000 |
| Interest income | $289,000 | $157,000 | $40,000 | $19,000 | $37,000 | $165,000 | $176,000 | $200,000 | $272,000 | $342,000 |
| Interest expense | — | — | $409,000 | $306,000 | $309,000 | $28,000 | $9,000 | $38,000 | $48,000 | $45,000 |
| Income before taxes | $1.4M | $2.3M | $1.8M | $2.4M | $1.4M | $806,000 | $1.4M | $701,000 | −$3.1M | −$594,000 |
| Income taxes | $513,000 | $412,000 | −$1.4M | $388,000 | $4,000 | $198,000 | $6,000 | $5,000 | $20,000 | $1,000 |
| Net income | $902,000 | $1.8M | $3.2M | $2.0M | $1.4M | $773,000 | $1.4M | $701,000 | −$3.1M | −$587,000 |
| EBITDA | $1.6M | $2.4M | $2.0M | $2.6M | $1.5M | $984,000 | $1.6M | $994,000 | −$2.9M | −$184,000 |
| EPS (diluted) | $0.15 | $0.31 | $0.53 | $0.34 | $0.24 | $0.12 | $0.24 | $0.39 | −$0.51 | −$0.06 |
| Gross margin | 51.1% | 56.5% | 52.2% | 47.7% | 49.0% | 45.3% | 44.0% | 39.4% | −10.8% | 31.1% |
| Operating margin | −2.5% | 19.6% | 26.5% | 24.2% | 15.7% | 10.3% | 17.3% | 10.4% | −41.5% | −6.0% |
| Net margin | 21.8% | 30.2% | 38.1% | 23.3% | 20.3% | 11.4% | 16.8% | 9.2% | −45.0% | −10.3% |
| Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $529,000 | $1.2M | $1.1M | $767,000 | $1.2M | $1.2M | $963,000 | $969,000 | $1.6M | $1.5M | $2.1M | $1.8M |
| Cost of revenue | $202,000 | $450,000 | $457,000 | $359,000 | $635,000 | $562,000 | $467,000 | $438,000 | $645,000 | $644,000 | $933,000 | $908,000 |
| Gross profit | $327,000 | $717,000 | $625,000 | $408,000 | $552,000 | $662,000 | $496,000 | $531,000 | $918,000 | $846,000 | $1.2M | $873,000 |
| Sales, general & admin | $516,000 | $575,000 | $560,000 | $539,000 | $530,000 | $583,000 | $570,000 | $545,000 | $530,000 | $583,000 | $590,000 | $534,000 |
| Total operating expenses | $516,000 | $2.3M | $560,000 | $539,000 | $530,000 | $583,000 | $570,000 | $983,000 | $530,000 | $583,000 | $590,000 | $534,000 |
| Operating income | −$189,000 | −$1.5M | $65,000 | −$131,000 | $22,000 | $79,000 | −$74,000 | −$14,000 | $388,000 | $263,000 | $563,000 | $339,000 |
| Interest income | $54,000 | $54,000 | $50,000 | $66,000 | $68,000 | $77,000 | $78,000 | $82,000 | $72,000 | $48,000 | $19,000 | $18,000 |
| Interest expense | — | — | — | — | — | — | $158,000 | — | — | — | $158,000 | $14,000 |
| Income before taxes | −$58,000 | −$325,000 | −$280,000 | $189,000 | $253,000 | $413,000 | $560,000 | $410,000 | $473,000 | $571,000 | $803,000 | $397,000 |
| Income taxes | — | $2,000 | $6,000 | $490,000 | $8,000 | $7,000 | $8,000 | — | $62,000 | $40,000 | $41,000 | $328,000 |
| Net income | −$58,000 | −$327,000 | −$286,000 | −$301,000 | $245,000 | $406,000 | $552,000 | $141,000 | $411,000 | $531,000 | $762,000 | $69,000 |
| EBITDA | −$23,000 | $227,000 | −$240,000 | −$91,000 | $310,000 | $456,000 | $593,000 | — | $506,000 | $604,000 | $846,000 | $451,000 |
| EPS (diluted) | −$0.01 | −$0.05 | −$0.05 | −$0.05 | $0.04 | $0.07 | $0.09 | $0.02 | $0.07 | $0.09 | $0.13 | $0.01 |
| Gross margin | 61.8% | 61.4% | 57.8% | 53.2% | 46.5% | 54.1% | 51.5% | 54.8% | 58.7% | 56.8% | 55.3% | 49.0% |
| Operating margin | −35.7% | −131.8% | 6.0% | −17.1% | 1.9% | 6.5% | −7.7% | −1.4% | 24.8% | 17.7% | 27.0% | 19.0% |
| Net margin | −11.0% | −28.0% | −26.4% | −39.2% | 20.6% | 33.2% | 57.3% | 14.6% | 26.3% | 35.6% | 36.5% | 3.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TAIT's financial statements (latest annual report filed April 18, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TAIT financial results
In fiscal year 2024 (ended December 31, 2024), Taitron Components reported revenue of $4.1 million, down 32.2% from the year before. It had net income of $0.9 million (down 51.1%), a net profit margin of 21.8%. Diluted earnings per share came to $0.15. Over five years revenue grew at an average rate of −9.4% a year.
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TAIT income statement FAQ
What is Taitron Components's annual revenue?
Taitron Components reported total revenue of $4.1 million for fiscal year 2024, which ended on December 31, 2024. That was down 32.2% from $6.1 million the previous year.
Is Taitron Components profitable?
Yes. Taitron Components reported net income of $0.9 million in fiscal 2024, a net profit margin of 21.8%; its operating margin was −2.5%.
What is Taitron Components's gross margin?
Taitron Components's gross margin was 51.1% in fiscal 2024: for every $100 of revenue, Taitron Components kept $51 after the direct cost of its products and services.
How fast is Taitron Components growing?
Revenue grew −9.4% a year on average over the last five fiscal years, from $6.8 million to $4.1 million.
What are Taitron Components's earnings per share?
Taitron Components earned $0.15 per diluted share in fiscal 2024, compared with $0.31 a year earlier.
When does Taitron Components's fiscal year end?
Taitron Components's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024 and was filed on April 18, 2025.