Transferred At Point In Time was Wytec International’s largest revenue line in fiscal 2024, bringing in $105.11K of $131.08K (80%).
| Timing of Transfer of Good or Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|
| Transferred At Point In Time | $359.96K | $386.33K | $225.39K | $105.11K | ||
| Transferred Over Time | $34.19K | $27.53K | $30.25K | $25.97K | ||
| Total | $394.15K | $413.86K | $255.63K | $131.08K |
Wytec International brought in $131.08K from its two revenue lines in fiscal 2024, the year ended December 31, 2024. That was down 48.7% from $255.63K in fiscal 2023. Transferred At Point In Time was the largest at $105.11K (80.2%), ahead of Transferred Over Time at $25.97K (19.8%).
Compared with fiscal 2023, Transferred Over Time fell 14.1% to $25.97K and Transferred At Point In Time fell 53.4% to $105.11K. From fiscal 2021 to 2024, combined revenue from these revenue lines fell from $394.15K to $131.08K, a compound annual decline of 30.7%. Transferred At Point In Time's share of the total fell from 91.3% to 80.2%.
Equipment Sales was Wytec International’s largest product and service line in fiscal 2021, bringing in $287.60K of $393.76K (73%).
| Product and Service | FY 2017 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|
| Cel Fi & Network Systems | — | $482.27K | — | |
| Cel-Fi Systems & Network Services | $358.15K | — | — | |
| Equipment Sales | — | — | $287.60K | |
| Network & Other Services | $47.32K | $594.76K | $53.41K | |
| Installation & Other Services | — | — | $52.75K | |
| Total | $405.47K | $1.08M | $393.76K |
Wytec International brought in $393.76K from its three product and service lines in fiscal 2021, the year ended December 31, 2021. Wytec International regrouped these lines after fiscal 2020, so the total does not compare directly with that year's $1.08M. Equipment Sales was the largest at $287.60K (73.0%), ahead of Network & Other Services at $53.41K (13.6%) and Installation & Other Services at $52.75K (13.4%).
Wytec International began breaking out Equipment Sales in fiscal 2021 and Installation & Other Services in fiscal 2021. Wytec International stopped reporting Cel Fi & Network Systems ($482.27K in fiscal 2020) and Cel-Fi Systems & Network Services ($358.15K in fiscal 2019) as separate lines.
Wytec International (WYTC) reports its revenue by timing of transfer of good or service and by product and service. In fiscal 2024, Transferred At Point In Time was its largest revenue line, bringing in $105.11K (80.2% of the total), followed by Transferred Over Time at $25.97K (19.8%).
Transferred At Point In Time was Wytec International's largest revenue line in fiscal 2024, bringing in $105.11K, or 80.2% of the $131.08K total across its two revenue lines.
Equipment Sales was Wytec International's largest product and service line in fiscal 2021, bringing in $287.60K, or 73.0% of the $393.76K total across its three product and service lines.
Every figure comes from Wytec International's annual financial filings, as reported. Each line keeps the name Wytec International gives it, and years follow its fiscal calendar.
Wytec International's revenue by timing of transfer of good or service goes back to fiscal 2019, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.