ReTo Eco-Solutions Reports Fiscal Year 2022 Financial Results
BEIJING, May 1, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo," "Company," "we," "our" or "us"), a provider of technology solutions, operation services for intelligent ecological environments, roadside assistance services and software development services in China, today announced its audited financial results for the fiscal year ended December 31, 2022.
- BEIJING, May 1, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo," "Company," "we," "our" or "us"), a provider of technology solutions, operation services for intelligent ecological environments, roadside assistance services and software development services in China, today announced its audited financial results for the fiscal year ended December 31, 2022.
- Gross profit for the fiscal year 2022 increased by 109% to approximately $0.8 million.
- Gross profit margin was 12% for the fiscal year 2022, as compared to 11% for the prior year.
- Total net loss for the fiscal year 2022 was approximately $15.4 million, compared to approximately $22.1 million for the prior year.