Veea (VEEA) Income Statement: Revenue & Earnings

Veea Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Veea Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	0.14	9.07	0.22	2.80
Cost of Revenue	0.08	0.47	0.29	2.76
Gross Profit	0.06	8.61	-0.06	0.04
Operating Expenses
Research & Development	1.37	0.69	3.23	5.68
Selling, General & Administrative	27.45	17.45	20.46	21.82
Operating Expenses	27.85	18.97	25.57	30.60
Operating Income	-27.79	-10.36	-25.63	-30.56
Other Income/Expense
Interest Income	0.00	0.00	0.01	0.01
Interest Expense	1.81	-5.32	-8.58	-4.14
Other Income/Expense	-17.95	0.04	-0.05	0.00
Income
Income Before Tax	-47.55	-15.64	-35.20	-35.26
Income Tax Expense	0.00	0.00	0.00	0.00
Net Income	-47.55	-15.64	-35.17	-35.07
Net Income - Continuous Operations	-47.55	-15.64	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00
EBITDA	-45.04	-9.54	-23.75	-27.94
EBIT	-45.74	-10.36	-25.63	-30.56
Depreciation & Amortization	0.27	0.82	1.88	2.61
Earnings Per Share
Basic EPS	-2.00	-1.00	-5.00	-5.00
Diluted EPS	-2.00	-1.00	-5.00	-5.00
Basic Shares Outstanding	25.26	16.15	7.20	7.15
Diluted Shares Outstanding	25.26	16.15	7.20	7.15