Twin Vee Powercats Co. (VEEE) Income Statement: Revenue & Earnings

Twin Vee Powercats Co. Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Twin Vee Powercats Co. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	14.39	33.43	31.99	15.77	11.06
Cost of Revenue	15.14	30.16	21.33	9.50	6.29
Gross Profit	-0.75	3.27	10.66	6.28	4.77
Operating Expenses
Research & Development	0.59	1.44	0.94	0.21	0.00
Selling, General & Administrative	9.67	12.46	15.18	7.50	3.90
Operating Expenses	12.00	15.25	16.68	7.91	4.05
Operating Income	-12.76	-11.99	-6.02	-1.63	0.72
Other Income/Expense
Interest Income	0.15	0.05	0.08	0.00	0.00
Interest Expense	0.22	0.22	-0.16	0.14	-0.18
Other Income/Expense	-1.18	2.38	0.16	0.76	0.00
Income
Income Before Tax	-14.01	-9.78	-5.79	-1.01	1.17
Income Tax Expense	0.00	0.00	0.00	0.00	0.00
Net Income	-11.05	-7.19	-5.14	-1.01	1.17
Net Income - Continuous Operations	-14.01	-9.78	-5.79	-1.01	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-12.04	-8.21	-5.47	-0.68	0.88
EBIT	-13.79	-9.56	-6.02	-0.87	0.72
Depreciation & Amortization	1.75	1.35	0.55	0.20	0.16
Earnings Per Share
Basic EPS	-11.00	-8.00	-7.00	-2.00	3.00
Diluted EPS	-11.00	-8.00	-7.00	-2.00	3.00
Basic Shares Outstanding	1.00	0.95	0.76	0.53	0.40
Diluted Shares Outstanding	1.00	0.95	0.76	0.53	0.40