Wang & Lee Group, Inc. (WLGS) has released an update.
Wang & Lee Group, Inc. reported a significant uptick in its fiscal year 2023 financials, with revenues soaring by 63.7% to $6.83 million, gross profit skyrocketing by 210.6% to $2.44 million, and total shareholders’ equity rebounding from a deficit to $5.98 million. This impressive growth has been attributed to the company’s diversification of its product and service offerings and its expansion into new markets. These robust results underscore the company’s improving financial health and operational success.
For further insights into WLGS stock, check out TipRanks’ Stock Analysis page.