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Wang and Lee Group Inc

Wang and Lee Group Inc (WLGS)

1.865
0.0836
( 4.69% )
업데이트: 22:51:26

실시간 토론 및 거래 아이디어: 강력한 플랫폼으로 자신있게 거래하세요.

주요 통계 및 세부정보

가격
1.865
매수가
1.78
매도가
1.95
거래량
12,701
1.865 일간 변동폭 1.90
0.40 52주 범위 1.93
전일 종가
1.7814
개장가
1.89
최근 거래 시간
1100
@
1.865
마지막 거래 시간
22:51:26
평균 볼륨(3m)
165,115
재정 규모
US$ 23,846
VWAP
1.8775

WLGS 최신 뉴스

WANG & LEE GROUP, INC. Announces Fiscal Year 2023 Financial Results

HONG KONG, China, April 18, 2024 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (Nasdaq: WLGS) (“WLGS” or the “Company”), is a British Virgin Islands holding company with operations conducted by...

WANG & LEE GROUP, INC. Announces 2023 Unaudited Interim Financial Results

HONG KONG, China, Dec. 29, 2023 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (Nasdaq: WLGS) (“WLGS” or the “Company”), is a British Virgin Islands holding company with operations conducted by...

WANG & LEE GROUP, Inc. Bid Price Deficiency

HONG KONG, China, Oct. 25, 2023 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (NASDAQ: WLGS) (“W&L”, or the “Company”), Hong Kong-based construction prime and subcontractor engaging in the...

WANG & LEE GROUP, Inc. Announces Closing of $8 Million Initial Public Offering

HONG KONG, China, April 24, 2023 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (NASDAQ: WLGS) (“W&L”, or the “Company”), Hong Kong-based construction prime and subcontractor engaging in the...

WANG & LEE GROUP, Inc Has Commenced Trading on The Nasdaq Capital Market

HONG KONG, China, April 20, 2023 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (NASDAQ: WLGS) (“W&L”, or the “Company”) announced that its ordinary shares have commenced trading on The...

WANG & LEE GROUP, Inc. Announces Pricing of Initial Public Offering

HONG KONG, China, April 20, 2023 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (NASDAQ: WLGS) (“W&L,” or the “Company”) today announced the pricing of its initial public offering of...

기간변동변동 %시가고가저가평균 일일 거래량VWAP
10.45532.26950354611.411.931.24827401.62065906CS
41.317240.3284671530.5481.930.54064569771.3470046CS
121.297228.3450704230.5681.930.44281651151.29675582CS
261.275216.1016949150.591.930.44283115900.770561CS
521.019799120.6575713940.8452011.930.44322300.77072474CS
156-3.935-67.84482758625.85.90.45555941.33849901CS
260-3.935-67.84482758625.85.90.45555941.33849901CS

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WLGS Discussion

게시물 보기
Awl416 Awl416 2 일 전
Now now
👍️0
glenn1919 glenn1919 2 주 전
WLGS...............................https://stockcharts.com/h-sc/ui?s=WLGS&p=W&b=5&g=0&id=p86431144783
👍️0
Awl416 Awl416 3 주 전
Lol
👍️0
TrendTrade2016 TrendTrade2016 3 주 전
WLGS HERE WE GO
👍️0
TrendTrade2016 TrendTrade2016 3 주 전
WLGS....WANTS TO BREAK OUT
👍️0
TrendTrade2016 TrendTrade2016 3 주 전
VOLITILITY HAS MERIT
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TrendTrade2016 TrendTrade2016 3 주 전
WLGS MONSTER
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TrendTrade2016 TrendTrade2016 3 주 전
WLGS HERE WE GO
👍️0
Awl416 Awl416 3 주 전
Uh oh
👍️0
TrendTrade2016 TrendTrade2016 3 주 전
WLGS...NEXT CHINA RUNNER
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glenn1919 glenn1919 3 주 전
WLGS..................................https://stockcharts.com/h-sc/ui?s=WLGS&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 4 주 전
WLGS.........................https://stockcharts.com/h-sc/ui?s=WLGS&p=W&b=5&g=0&id=p86431144783





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Disquisition Disquisition 4 월 전
DUMPED right back down
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TimeFades TimeFades 4 월 전
Short
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Invest-in-America Invest-in-America 4 월 전
WLGS: And it's de ja vu, all over again. (Or, the 'China Syndrome'??)
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subslover subslover 4 월 전
BIG BOY MOVE!
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subslover subslover 6 월 전
Nice Earnings report = WANG & LEE GROUP, INC. Announces Fiscal Year 2023 Financial Results
HONG KONG, China, April 18, 2024 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (Nasdaq: WLGS) (“WLGS” or the “Company”), is a British Virgin Islands holding company with operations conducted by its subsidiaries in Hong Kong. The Company is a construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems (“E&M”), which include low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning (“MVAC”) systems, fire service systems, water supply and sewage disposal system installation and fitting out for the public and private sectors. The Company today announced its unaudited operating results for the year ended December 31, 2023.

Financial Highlights for the Fiscal Year 2023:

? Revenue increased by 63.7% to $6.83 million for the fiscal year 2023 ended December 31, 2023, from $4.17 million for the fiscal year ended December 31, 2022

? Gross profit increased by 210.6% to $2.44 million for the fiscal year 2023 ended December 31, 2023, from $0.79 million for the fiscal year ended December 31, 2022, respectively.

? Total shareholders’ equity increased by 449.0% to $5.98 million for the fiscal year ended December 31, 2023, from deficit of $1.71 million for the year ended December 31, 2022

Mr. Pui Lung Ho, Chief Executive Officer of the Company, commented: “During the fiscal year 2023, we continue to enhance the diversity of our product and service line by introducing new products and services, expanding into target markets, and offering products with different features and offering products with different features and functionalities to meet a broader range of customer needs, which is demonstrated by the Company’s sales growth of over 63% in the fiscal year 2023.”

Below is the summary presenting the Company’s revenues disaggregated by products and services:

Fiscal Year 2023 Financial Results Overview

Other Key Performance Indicators

Adjusted EBITDA and Adjusted EBITDA Margin

Adjusted EBITDA represents net income before interest expense, net, provision (benefit) for income taxes, and depreciation. Adjusted EBITDA Margin represents Adjusted EBITDA as a percentage of revenues for each period. These metrics are supplemental measures of our operating performance that are neither required by, nor presented in accordance with, GAAP. These measures should not be considered as an alternative to net income, or any other performance measure derived in accordance with GAAP as an indicator of our operating performance. We present Adjusted EBITDA and Adjusted EBITDA Margin as management uses these measures as key performance indicators, and we believe they are measures frequently used by securities analysts, investors and other parties to evaluate companies in our industry. These measures have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP.

Our calculation of Adjusted EBITDA and Adjusted EBITDA Margin may not be comparable to similarly named measures reported by other companies. Potential differences between our measure of Adjusted EBITDA compared to other similar companies’ measures of Adjusted EBITDA may include differences in capital structures, tax positions and the age and book depreciation of tangible assets.

The following table presents a reconciliation of net income, the most directly comparable measure calculated in accordance with GAAP, to Adjusted EBITDA, and the calculation of Adjusted EBITDA Margin for each of the periods presented.

Reconciliation To GAAP Information:

2023 2H 2023 1H For the years ended December 31,
(Q3 & Q4) (Q1 & Q2) 2023 2022

Consolidated Net Income (Loss) (GAAP) $ 1,295,994 $ (1,624,099 ) $ (328,105 ) $ (596,881 )
Interest expenses 36,967 24,597 61,564 35,377
Income taxes - - - -
Depreciation 31,799 614 32,413 2,603

Adjusted EBITDA (Non-GAAP) $ 1,364,760 $ (1,598,888 ) $ (234,128 ) $ (558,901 )

Adjusted EBITDA Margin 25.32 % (111.29 )% (3.43 )% (13.40 )%

Results of Operations

For the second half and the first half for the fiscal Year 2023, the years ended December 31, 2023 and 2022,

The following table sets forth a summary of our consolidated results of operations for the second half and the first half for the fiscal Year 2023, the years ended December 31, 2023 and 2022. The historical results presented below are not necessarily indicative of the results that may be expected for any future period.

For the years ended
December 31,
2023 2H
(Q3 & Q4) 2023 1H
(Q1 & Q2) 2023 2022

Contract revenue $ 5,389,143 $ 1,436,736 $ 6,825,879 $ 4,169,931
Contract costs (3,201,025 ) (1,184,254 ) (4,385,279 ) (3,384,227 )
GROSS PROFIT $ 2,188,118 $ 252,482 $ 2,440,600 $ 785,704

Less: General and administrative expenses (997,080 ) (1,893,861 ) (2,890,941 ) (1,427,156 )
Add: Other income 104,956 17,280 122,236 44,571
Less: Provision for Income Taxes - - - -
NET PROFIT / (LOSS) $ 1,295,994 $ (1,624,099 ) $ (328,105 ) $ (596,881 )

Foreign Currency Translation Adjustment 24,971 (3,459 ) 21,512 (130 )
TOTAL COMPREHENSIVE INCOME / (LOSS) $ 1,320,965 $ (1,627,558 ) $ (306,593 ) $ (597,011 )

Revenue

Our sales were $5.39 million for the second half of the fiscal year 2023, which increased by $3.95 million, or 275.1% from $1.44 million for the first half of the fiscal year 2023.

Our sales were $6.83 million for the fiscal year 2023 ended December 31, 2023, which increased by $2.66 million, or 63.7% from $4.17 million for the same period of 2022. During the fiscal year 2023, one of our largest construction projects was suspended since the first quarter of 2023 until July 2023 due to work delays caused by a third party to our client. Since the revenue is recognized based on the stages of site work, we posted a relatively low revenue in the first half year of the fiscal year 2023 comparing to the second half year of the fiscal year 2023. We successfully charged the client for the loss and damage caused by the suspension while resume the site work.

Cost of revenues

Our cost of revenues were $3.20 million for the second half of the fiscal year 2023, which increased by $2.02 million, or 170.3% from $1.18 million for the first half of the fiscal year 2023.

Our cost of revenues were $4.39 million for the fiscal year 2023 ended December 31, 2023, which increased by $1.01 million, or 29.6% from $3.38 million for the same period of 2022. The increase of the cost of revenues is due to the growth of revenues in the second half year of the fiscal year 2023 and a termination of a sub-contractor due to delayed progress which created higher cost of new engagements for the replacement and caught up the delays in the first half year of the fiscal year 2023.

Gross profit

Our gross profit was $2.19 million for the second half of the fiscal year 2023, which increased by $1.94 million, or 766.6% from $0.25 million for the first half of the fiscal year 2023.

Our gross profit was $2.44 million for the fiscal year 2023 ended December 31, 2023, which increased by $1.65 million, or 210.6% from $0.79 million for the same period of 2022. The significant increase of gross profit margin was caused by the demand of charge to client for the unilaterally suspension.

General and administrative expenses

General and administrative expenses amounted to approximately $1.00 million for the second half of the fiscal year 2023, which decreased by $0.89 million, or 47.4% from $1.89 million for the first half of the fiscal year 2023.

General and administrative expenses amounted to approximately $2.89 million for the fiscal year 2023 ended December 31, 2023, which increased by $1.46 million or 102.6% from $1.43 million for the same period of 2022. This increase was mainly due to the increase of cost after listing, the related cost such as listing fee, legal and professional fees, and salary payment.

General and administrative expenses include rental expenses, staff salary and benefits, legal and professional fees, office expenses, travel expenses, entertainment, depreciation and listing fees.

Interest Expenses

Interest expenses amounted to $36,967 for the second half of the fiscal year 2023, which increased by $12,370, or 50.3% from $24,597 for the first half of the fiscal year 2023.

Interest expenses amounted to $61,564 for the fiscal year 2023 ended December 31, 2023, which increased by $26,187, or 74.0% from $35,377 for the same period of 2022. During the fiscal year of 2023, we engaged into an additional bank facility to allow the group to increase the utilization of debt equity ratio, while also allowed us to offset the interest rate risk by in-house interest rate hedged.

Other Income

Other income amounted to $141,923 for the second half of the fiscal year 2023, which increased by $100,046, or 238.9% from $41,877 for the first half of the fiscal year 2023.

Other income amounted to $183,800 for the fiscal year 2023 ended December 31, 2023, which increased by $103,852, or 129.9% from $79,948 for the same period of 2022.

Net loss

Net profit was $1.30 million for the second half of the fiscal year 2023, which increased by $2.92 million, or 179.8% from net loss of $1.62 million for the first half of the fiscal year 2023.

Net loss was $0.33 million for the fiscal year 2023 ended December 31, 2023, which increased by $0.27 million, or 45.0% as compared to $0.60 million for the same period of 2022.

Equity

Our Shareholders’ Equity increased by 28.4% and 449.0% to $5.98 million for the fiscal year 2023 ended December 31, 2023, from $4.66 million for six months ended June 30, 2023 and deficit of $1.71 million for the year ended December 31, 2022 respectively.

About WANG & LEE GROUP, Inc.
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glenn1919 glenn1919 7 월 전
WLGS................................https://stockcharts.com/h-sc/ui?s=WLGS&p=W&b=5&g=0&id=p86431144783
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TrendTrade2016 TrendTrade2016 9 월 전
Watch and learn. 93c precision call in AH.
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LowFloatLopes LowFloatLopes 9 월 전
Nice call here 555
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TrendTrade2016 TrendTrade2016 9 월 전
WLGS...85C BREAK COING UP
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TrendTrade2016 TrendTrade2016 9 월 전
WLGS...93C UP A HEAD
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TrendTrade2016 TrendTrade2016 9 월 전
WLGS BIDDERS JUMPING IN
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TrendTrade2016 TrendTrade2016 9 월 전
WLGS...THINNING OUT
👍️0
TrendTrade2016 TrendTrade2016 9 월 전
WLGS READY FOR A DOLLA
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TrendTrade2016 TrendTrade2016 9 월 전
WE GOT A MONSTER HERE
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TrendTrade2016 TrendTrade2016 9 월 전
WLGS...2 MILLY FLOAT SHOLD MOVE QUICK
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TrendTrade2016 TrendTrade2016 9 월 전
WLGS..monster coming up
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Awl416 Awl416 9 월 전
That was fun
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Awl416 Awl416 9 월 전
Hehe
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Awl416 Awl416 10 월 전
Not you again
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Dragnet Dragnet 11 월 전
No news but ran 300% before hours now dropping.

No trading before now. What’s up?
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INFINITI INFINITI 11 월 전
Got some looking good Am
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subslover subslover 11 월 전
PUMP BABY
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glenn1919 glenn1919 1 년 전
WLGS......................................https://stockcharts.com/h-sc/ui?s=WLGS&p=W&b=5&g=0&id=p86431144783
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Awl416 Awl416 1 년 전
LOL
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Money-train Money-train 1 년 전
⬆️⬆️⬆️
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Awl416 Awl416 1 년 전
What’s going on
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Invest-in-America Invest-in-America 1 년 전
WLGS: Oh boy, here we go AGAIN!!! I can't HANDLE the stress!!! (See ME, below, right now via my new Kitchen-Table-Selfie-Cam system!!!)

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tw0122 tw0122 1 년 전
IPO was 4/20 at $5 a share…. ), Hong Kong-based construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems, announced today announced the closing of its initial public offering (the “Offering”) of 1,600,000 ordinary shares at a price to the public of $5.00 per share. The aggregate gross proceeds of the Offering were 8,00,000, prior to deducting underwriting discounts, commissions and Offering expenses.
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subslover subslover 1 년 전
Hahahaha LMAO! That's so funny
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Invest-in-America Invest-in-America 1 년 전
I'm TRYIN', Boss!!! (See me, below!!)

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subslover subslover 1 년 전
Pump harder! PUMP
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Invest-in-America Invest-in-America 1 년 전
WLGS: What?????? ("Pumping" is NOT permitted on iHub, Sir!!!)

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subslover subslover 1 년 전
Pump it, bro! :)
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CreationGuru10 CreationGuru10 1 년 전
Just needs An algo
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Aladdin Sane Aladdin Sane 1 년 전
According to Frank Benedetto's tweet on 04/29.

"$WLGS 1.6M Float, can go parabolic"

https://twitter.com/benedetto_frank
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Aladdin Sane Aladdin Sane 1 년 전
People comparing $WLGS to $TOP, which is now at $50. Not saying this will happen, but it could happen. Only 12M OS.
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Aladdin Sane Aladdin Sane 1 년 전
This thing could go crazy at the drop of a hat. $5, $10 is easy here with any news.
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Darider Darider 1 년 전
Im in at 3.15 so waiting to go above that to see what I decide then
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최근 히스토리

Delayed Upgrade Clock