Wetouch Technology Inc (WETH)

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$WETH Second Quarter 2021 Financial Highlights

Revenues were US$15.2 million, an increase of 186.8% from $5.3 million in the second quarter of 2020

Gross profit was $7.9 million, an increase of 192.6% from $2.7 million in the second quarter of 2020.

Gross margin was 51.9%, compared with 50.7% in the second quarter of 2020.

Net income was $5.1 million, compared to $2.0 million in the second quarter of 2020.

Total volume shipped was 711,548 units, an increase of 145.6% from 289,668 units in the second quarter of 2020.

Cash flow from operations was $11.1 million, compared to $5.6 million in the six months ended June 30, 2020.

Cash as of the end of the second quarter of 2021 was $52.6 million, compared to $23.0 million as of December 31, 2020.

Basic and diluted EPS were $0.2, compared with $0.1 in the same period of 2020.