NISN Stock Price & Analysis

Nisun International Enterprise Development Group Co Ltd

NISN

Nisun International Enterprise Development Group Co Ltd

7.410

+7.410(+0%)6M

NISN Stock Price Chart

YTD

NISN Key Stats

High

7.500

Vol

33.01K

Low

6.6586

Amount

237.44K

Open

6.950

VWAP

7.19

Mkt Cap

34.47M

EV/EBITDA(TTM)

-0.66

NISN Company Profile

Nisun International Enterprise Development Group Co Ltd, formerly Hebron Technology Co Ltd, is a holding company mainly engaged in providing comprehensive technology solutions and services. The Company provides innovative comprehensive solutions for financial institutions, small and micro businesses, and individuals in China by integrating technology, industry, and finance. Through its subsidiaries, the Company provides fintech services, consulting services, business services, and intermediary services to clients in a variety of industries. Its innovations include an open fintech ecosystem for financial institutions, a credit system, an efficient liquidity system for the agriculture sector, and financial advisory intermediary services.

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NISN Fundamental Analysis

NISN Earnings Analysis

NiSun International Enterprise Development Group Co., Ltd. Class A Common Shares Corporation (NISN.O) Q2 2024 Earnings Conference Call

Positive

Revenue Increase of 52%: Total revenue rose by 52% to $192.5 million compared to $126.9 million in the same period last year.
Supply Chain Revenue Surge: The supply chain trading business shows significant growth with revenue increasing by 114% to $142.1 million from $66.2 million in the same period last year, driven by our growing market share in the gold trade trading sector.
Operating Expenses Reduction: Operating expenses declined by 31% to $5.7 million from $8.2 million in the same period last year, largely due to a reduction in selling expenses, which fell by 69% to $0.8 million from $2.6 million in the same period last year.
Share Buyback Program Approval: We have approved a new $15 million share buyback program, reflecting management's confidence in the company's future.
Net Income Decline: Net income totaled $10.3 million, down from $11.4 million a year earlier, primarily due to a lower gross profit, but we remain optimistic about future growth.

Negative

SME Financing Revenue Decline: Revenue from SME financing services decreased by 16% to $48.5 million from $58 million in the same period last year, primarily due to challenging financing market conditions resulting from China's economic slowdown.
Supply Chain Financing Decline: Revenue from supply chain financing solutions dropped by 30% to $1.9 million from $2.7 million in the same period last year for similar reasons.
Cost of Revenue Increase: Cost of revenue increased by 64% to $175.3 million from $107.1 million in the same period last year, primarily due to the expansion of the lower margin supply chain trading business.
Gross Profit Decline: Gross profit decreased by 13% to $17.2 million from $19.8 million in the same period last year, with growth margin narrowing to 9% from 15.6% in the same period last year.
Net Income Decline: Net income totaled $10.3 million, down from $11.4 million a year earlier, primarily due to a lower gross profit.

Positive

Revenue Increase of 52%: Total revenue rose by 52% to $192.5 million compared to $126.9 million in the same period last year.
Supply Chain Revenue Surge: The supply chain trading business shows significant growth with revenue increasing by 114% to $142.1 million from $66.2 million in the same period last year, driven by our growing market share in the gold trade trading sector.
Operating Expenses Reduction: Operating expenses declined by 31% to $5.7 million from $8.2 million in the same period last year, largely due to a reduction in selling expenses, which fell by 69% to $0.8 million from $2.6 million in the same period last year.
Share Buyback Program Approval: We have approved a new $15 million share buyback program, reflecting management's confidence in the company's future.
Net Income Decline: Net income totaled $10.3 million, down from $11.4 million a year earlier, primarily due to a lower gross profit, but we remain optimistic about future growth.

Negative

SME Financing Revenue Decline: Revenue from SME financing services decreased by 16% to $48.5 million from $58 million in the same period last year, primarily due to challenging financing market conditions resulting from China's economic slowdown.
Supply Chain Financing Decline: Revenue from supply chain financing solutions dropped by 30% to $1.9 million from $2.7 million in the same period last year for similar reasons.
Cost of Revenue Increase: Cost of revenue increased by 64% to $175.3 million from $107.1 million in the same period last year, primarily due to the expansion of the lower margin supply chain trading business.
Gross Profit Decline: Gross profit decreased by 13% to $17.2 million from $19.8 million in the same period last year, with growth margin narrowing to 9% from 15.6% in the same period last year.
Net Income Decline: Net income totaled $10.3 million, down from $11.4 million a year earlier, primarily due to a lower gross profit.