Futu Holdings Limited (FUTU) stock plummeted 10.64% in the pre-market trading session at the price of $23.00 after reporting its earnings report for the fourth quarter and full-year 2021.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .
FUTU is a cutting-edge technology firm that delivers a digitalized financial management and brokerage platform to transform the investing experience. The company serves the increasingly rich population by providing financial services and facilitating a generation shift in the brokerage industry.
FUTU Q4 2021 Financial Results
On 11th March 2022, FUTU published its financial results for Q4 and full-year ended 31st December 2021. The company has also delivered its corporate updates. Revenues totaled HK$1,602.8M for Q4 of 2021. It represents a surge of 35.1 percent from HK$1,186.4M for the same quarter last year.
For the Q4 of 2021, the company calculated costs of HK$216.9M. It is a drop of 10.4 percent from HK$242.2M in the Q4 of 2020. Gross profit totaled HK$1,386.0M for Q4 of 2021. It represents a 46.8 percent gain from HK$944.3M in the same three months of 2020.
FUTU has total operating costs of HK$825.5M for Q4 of 2021, a 127.1 percent gain from HK$363.5M in the Q4 of 2020. Net income was HK$498.8M for Q4 of 2021. It represents a 6.3 percent drop from HK$532.5M in the same quarter of 2020. For Q4 of 2021, the company has HK$3.26 in net income per share compared to HK$3.88 in Q4 of 2020.
FUTU Year 2021 Financial Highlights
FUTU reported revenue of HK$7,115.3M for the year 2021. It represents a 114.9 percent gain from HK$3,310.8M in the previous year. For 2021, net earnings totaled HK$2,810.2M, a 112.0 percent gain from HK$1,325.5M in the prior year.
The company has HK$18.72 in net income per share for 2021 compared to HK$10.23 last year. The gross profit totaled HK$5,909.3M for 2021, a 126.0 percent surge from HK$2,614.9M in 2020. The gross profit margin raised to 83.0 percent in 2021. The company has operating costs of HK$2,726.4M for the year 2021.