Hitek Global (HKIT) has released an update.
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Hitek Global Inc. has reported a decrease in revenues for the first half of 2024, with $1.83 million compared to $2.95 million during the same period in 2023. Despite the drop in revenue, the company has managed to expand its short-term investments significantly, which now total $18.14 million. Additionally, Hitek’s total assets have seen a growth from $35.43 million at the end of 2023 to $43.50 million by mid-2024.
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