HiTek Global Inc. Q2 2025 Financial Results

HiTek Global Inc. reported its unaudited condensed consolidated financial results for the six months ended June 30, 2025. The company recorded a net loss of $916,109, compared to a net income of $121,662 in the same period of 2024. Revenues decreased to $741,541 from $1,833,590 in the prior year. The decline in revenue was primarily due to reduced hardware and software sales. Operating expenses remained relatively stable at $1,521,453. The company's cash position improved to $8,198,325 from $7,236,798 at the end of 2024. HiTek Global also highlighted risks related to its VIE structure in China, which could impact its operations if regulatory changes occur.