What is WANG & LEE GROUP, Inc.'s earnings per share (EPS)?

WANG & LEE GROUP, Inc. (WLGS) reported diluted earnings per share of $-0.17 for fiscal year 2024. This represents a -325.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

WANG & LEE GROUP, Inc. Financials

WLGS

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2024 Currency USD FYE December

This page shows WANG & LEE GROUP, Inc. (WLGS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WLGS FY2024 2026-04-22

Volatile gross profit and a mostly fixed overhead base turned a revenue dip into a much deeper FY2024 operating loss.

FY2024’s -$2.5M net loss did not drain cash one-for-one: operating cash outflow was -$1.6M because accounts receivable fell from $4.0M to $1.8M. That means the company partly funded the year by collecting prior-period sales rather than producing profitable new work, which helps explain why cash still ended at $4.3M despite a -64.4% net margin.

The real damage in FY2024 was not just lower revenue; gross margin compressed from 35.8% in FY2023 to 10.4% while SG&A only eased from $3.2M to $3.0M. With overhead not shrinking as fast as gross profit, a sales slowdown translated into a much larger operating loss instead of a modest earnings dip.

The balance sheet still reflects the capital raised in FY2023: equity remained positive at $3.5M, and cash of $4.3M covered most of $4.8M in current liabilities. But retained losses of -$5.4M show that cushion has not been rebuilt internally, so liquidity is being supported more by past financing than by current operations.

Financial Health Signals

Financial Health Score 37/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of WANG & LEE GROUP, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

-0.93

WANG & LEE GROUP, Inc. scores -0.93, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.4M) relative to total liabilities ($5.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

1/8

WANG & LEE GROUP, Inc. passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.62x

For every $1 of reported earnings, WANG & LEE GROUP, Inc. generates $0.62 in operating cash flow (-$1.6M OCF vs -$2.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-19.6x

WANG & LEE GROUP, Inc. earns $-19.6 in operating income for every $1 of interest expense (-$2.5M vs $130K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$4.0M

YoY-42.1%

WANG & LEE GROUP, Inc. generated $4.0M in revenue in fiscal year 2024. This represents a decrease of 42.1% from the prior year.

EBITDA

-$2.5M

YoY-232.2%

WANG & LEE GROUP, Inc.'s EBITDA was -$2.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 232.2% from the prior year.

Net Income

-$2.5M

YoY-292.1%

WANG & LEE GROUP, Inc. reported -$2.5M in net income in fiscal year 2024. This represents a decrease of 292.1% from the prior year.

EPS (Diluted)

$-0.17

YoY-325.0%

WANG & LEE GROUP, Inc. earned $-0.17 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 325.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$4.3M

YoY-17.4%

WANG & LEE GROUP, Inc. held $4.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

17M

YoY+15.0%

WANG & LEE GROUP, Inc. had 17M shares outstanding in fiscal year 2024. This represents an increase of 15.0% from the prior year.

Margins & Returns

Gross Margin

10.4%

YoY-25.3pp

WANG & LEE GROUP, Inc.'s gross margin was 10.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 25.3 percentage points from the prior year.

Operating Margin

-64.5%

YoY-53.2pp

WANG & LEE GROUP, Inc.'s operating margin was -64.5% in fiscal year 2024, reflecting core business profitability. This is down 53.2 percentage points from the prior year.

Net Margin

-64.4%

YoY-54.9pp

WANG & LEE GROUP, Inc.'s net profit margin was -64.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 54.9 percentage points from the prior year.

Return on Equity

-72.8%

YoY-62.0pp

WANG & LEE GROUP, Inc.'s ROE was -72.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 62.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

WLGS Income Statement

Metric	FY24	FY23	FY22	FY21
Revenue	$4.0M-42.1%	$6.8M+63.7%	$4.2M+0.8%	$4.1M
Cost of Revenue	$3.5M-19.3%	$4.4M+29.6%	$3.4M+3.3%	$3.3M
Gross Profit	$412K-83.1%	$2.4M+210.6%	$786K-8.6%	$860K
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	$3.0M-7.8%	$3.2M+125.0%	$1.4M+16.9%	$1.2M
Operating Income	-$2.5M-230.6%	-$771K-20.2%	-$641K-77.8%	-$361K
Interest Expense	$130K+110.8%	$62K+74.0%	$35K+165.8%	$13K
Income Tax	N/A	N/A	N/A	N/A
Net Income	-$2.5M-292.1%	-$649K-8.7%	-$597K-68.3%	-$355K
EPS (Diluted)	$-0.17-325.0%	$-0.04+20.0%	$-0.05-66.7%	$-0.03

Metric	Q4'24	Q4'23	Q4'22	Q4'21
Revenue	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A

WLGS Balance Sheet

Metric	FY24	FY23	FY22	FY21
Total Assets	$8.7M-26.0%	$11.8M+280.3%	$3.1M+28.1%	$2.4M
Current Assets	$6.8M-39.5%	$11.3M+292.5%	$2.9M+27.1%	$2.3M
Cash & Equivalents	$4.3M-17.4%	$5.2M+754.7%	$610K+13.4%	$538K
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	$1.8M-53.9%	$4.0M+274.2%	$1.1M+56.8%	$681K
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$5.2M-9.6%	$5.8M+20.1%	$4.8M+36.1%	$3.5M
Current Liabilities	$4.8M-6.9%	$5.1M+22.7%	$4.2M+49.5%	$2.8M
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	$3.5M-41.8%	$6.0M+450.7%	-$1.7M-53.5%	-$1.1M
Retained Earnings	-$5.4M-88.6%	-$2.9M-29.2%	-$2.2M-36.7%	-$1.6M

Metric	Q4'24	Q4'23	Q4'22	Q4'21
Total Assets	$8.7M-26.0%	$11.8M+280.3%	$3.1M+28.1%	$2.4M
Current Assets	$6.8M-39.5%	$11.3M+292.5%	$2.9M+27.1%	$2.3M
Cash & Equivalents	$4.3M-17.4%	$5.2M+754.7%	$610K+13.4%	$538K
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	$1.8M-53.9%	$4.0M+274.2%	$1.1M+56.8%	$681K
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$5.2M-9.6%	$5.8M+20.1%	$4.8M+36.1%	$3.5M
Current Liabilities	$4.8M-6.9%	$5.1M+22.7%	$4.2M+49.5%	$2.8M
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	$3.5M-41.8%	$6.0M+450.7%	-$1.7M-53.5%	-$1.1M
Retained Earnings	-$5.4M-88.6%	-$2.9M-29.2%	-$2.2M-36.7%	-$1.6M

WLGS Cash Flow Statement

Metric	FY24	FY23	FY22	FY21
Operating Cash Flow	-$1.6M+58.8%	-$3.8M-981.3%	-$353K+26.9%	-$483K
Capital Expenditures	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A
Financing Cash Flow	$635K-92.5%	$8.4M+1891.3%	$423K-58.5%	$1.0M
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

WLGS Financial Ratios

Metric	FY24	FY23	FY22	FY21
Gross Margin	10.4%-25.3pp	35.8%+16.9pp	18.8%-1.9pp	20.8%
Operating Margin	-64.5%-53.2pp	-11.3%+4.1pp	-15.4%-6.6pp	-8.7%
Net Margin	-64.4%-54.9pp	-9.5%+4.8pp	-14.3%-5.7pp	-8.6%
Return on Equity	-72.8%-62.0pp	-10.8%	N/A	N/A
Return on Assets	-29.2%-23.7pp	-5.5%+13.8pp	-19.3%-4.6pp	-14.7%
Current Ratio	1.44-0.8	2.21+1.5	0.69-0.1	0.81
Debt-to-Equity	1.50+0.5	0.96+3.8	-2.81+0.4	-3.17
FCF Margin	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A
Current Ratio	1.44-0.8	2.21+1.5	0.69-0.1	0.81
Debt-to-Equity	1.50+0.5	0.96+3.8	-2.81+0.4	-3.17
FCF Margin	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is WANG & LEE GROUP, Inc.'s annual revenue?

WANG & LEE GROUP, Inc. (WLGS) reported $4.0M in total revenue for fiscal year 2024. This represents a -42.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is WANG & LEE GROUP, Inc.'s revenue growing?

WANG & LEE GROUP, Inc. (WLGS) revenue declined by 42.1% year-over-year, from $6.8M to $4.0M in fiscal year 2024.

Is WANG & LEE GROUP, Inc. profitable?

No, WANG & LEE GROUP, Inc. (WLGS) reported a net income of -$2.5M in fiscal year 2024, with a net profit margin of -64.4%.

What is WANG & LEE GROUP, Inc.'s EBITDA?

WANG & LEE GROUP, Inc. (WLGS) had EBITDA of -$2.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is WANG & LEE GROUP, Inc.'s gross margin?

WANG & LEE GROUP, Inc. (WLGS) had a gross margin of 10.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is WANG & LEE GROUP, Inc.'s operating margin?

WANG & LEE GROUP, Inc. (WLGS) had an operating margin of -64.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is WANG & LEE GROUP, Inc.'s net profit margin?

WANG & LEE GROUP, Inc. (WLGS) had a net profit margin of -64.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is WANG & LEE GROUP, Inc.'s return on equity (ROE)?

WANG & LEE GROUP, Inc. (WLGS) has a return on equity of -72.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is WANG & LEE GROUP, Inc.'s operating cash flow?

WANG & LEE GROUP, Inc. (WLGS) generated -$1.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are WANG & LEE GROUP, Inc.'s total assets?

WANG & LEE GROUP, Inc. (WLGS) had $8.7M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does WANG & LEE GROUP, Inc. have outstanding?

WANG & LEE GROUP, Inc. (WLGS) had 17M shares outstanding as of fiscal year 2024.

What is WANG & LEE GROUP, Inc.'s current ratio?

WANG & LEE GROUP, Inc. (WLGS) had a current ratio of 1.44 as of fiscal year 2024, which is considered adequate.

What is WANG & LEE GROUP, Inc.'s debt-to-equity ratio?

WANG & LEE GROUP, Inc. (WLGS) had a debt-to-equity ratio of 1.50 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is WANG & LEE GROUP, Inc.'s return on assets (ROA)?

WANG & LEE GROUP, Inc. (WLGS) had a return on assets of -29.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is WANG & LEE GROUP, Inc.'s cash runway?

Based on fiscal year 2024 data, WANG & LEE GROUP, Inc. (WLGS) had $4.3M in cash against an annual operating cash burn of $1.6M. This gives an estimated cash runway of approximately 33 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is WANG & LEE GROUP, Inc.'s Altman Z-Score?

WANG & LEE GROUP, Inc. (WLGS) has an Altman Z-Score of -0.93, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is WANG & LEE GROUP, Inc.'s Piotroski F-Score?

WANG & LEE GROUP, Inc. (WLGS) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are WANG & LEE GROUP, Inc.'s earnings high quality?

WANG & LEE GROUP, Inc. (WLGS) has an earnings quality ratio of 0.62x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can WANG & LEE GROUP, Inc. cover its interest payments?

WANG & LEE GROUP, Inc. (WLGS) has an interest coverage ratio of -19.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is WANG & LEE GROUP, Inc.?

WANG & LEE GROUP, Inc. (WLGS) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.