Wang & Lee Group, Inc. (WLGS) Financials
Wang & Lee Group, Inc. (WLGS) reported $4.0M in revenue for fiscal year 2024, down 42.1% from the prior fiscal year. This page shows its 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).
A sharp sales setback exposed a thin-margin model, while the operating-cost base pushed losses far beyond gross profit.
From FY2023 to FY2024, revenue fell42.1% while gross margin reached only10.4% , indicating the setback involved a weaker revenue-cost relationship rather than merely fewer sales. Gross profit was$412K against$3.0M of SG&A, making overhead the dominant economic constraint.
The FY2024 net loss of
The current ratio rose from 0.7x in FY2022 to 1.4x in FY2024, reducing short-term coverage pressure relative to the earlier period. Debt-to-equity increased from 1.0x in FY2023 to 1.5x in FY2024, and financing cash inflow continued despite ongoing losses, indicating reliance on financing sources rather than internally generated cash.
Financial Health Signals
Wang & Lee Group, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
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.
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.
Wang & Lee Group, Inc. reported a net loss of $2.5M while operations used $1.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Wang & Lee Group, Inc. reported an operating loss of $2.5M against $130K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2024.
Cash & Balance Sheet
Wang & Lee Group, Inc. held $4.3M in cash as of Q4 2024; long-term debt is not reported for that period.
Not reported for Q4 2024.
Not reported for Q4 2024.
Margins & Returns
None of these metrics is reported for Q4 2024.
Capital Allocation
None of these metrics is reported for Q4 2024.
WLGS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
WLGS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| 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 |
| Accounts Receivable | $1.8M-53.9% | $4.0M+274.2% | $1.1M+56.8% | $681K |
| 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 |
| Non-Current Liabilities | $472K-30.4% | $677K+3.7% | $653K-13.2% | $753K |
| 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 |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Long-Term Debt.
WLGS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
WLGS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|
| Current Ratio | 1.44-0.8x | 2.21+1.5x | 0.69-0.1x | 0.81 |
| Debt-to-Equity | 1.50+0.5x | 0.96 | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Wang & Lee Group, Inc. WLGS | FY2024 | $4.0M | -$2.5M | -64.4% | $1.4M | — |
| FBS Global Limited FBGL | FY2025 | $19.1M | -$1.5M | -7.9% | $5.1M | 44/100 |
| SKK Holdings Limited SKK | FY2025 | $12.9M | -$2.9M | -22.6% | $17.3M | 24/100 |
| Founder Group Limited FGL | FY2025 | $29.7M | -$1.9M | -6.4% | $57K | 36/100 |
| OneConstruction Group Limited ONEG | FY2026 | $49.4M | -$13.2M | -26.8% | $16.5M | 24/100 |
| Energy Services of America Corporation ESOA | FY2025 | $411.0M | N/A | N/A | $209.0M | 47/100 |
Where Wang & Lee Group, Inc. Ranks
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) recorded an outflow of $1.6M in operating cash flow during fiscal year 2024, representing cash used by 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.
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 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) reported a net loss of $2.5M while operations used $1.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $2.5M against $130K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.