VEEE
Income statement / Annual
Last year (2023), Twin Vee Powercats Co.'s total revenue was $33.43 M,
an increase of 4.50% from the previous year.
In 2023, Twin Vee Powercats Co.'s net income was -$7.19 M.
See Twin Vee Powercats Co.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$33.43 M
|
$31.99 M
|
$15.77 M
|
$11.06 M
|
$10.43 M
|
| Cost of Revenue |
$23.70 M |
$21.33 M |
$9.50 M |
$6.29 M |
$6.35 M |
| Gross Profit |
$9.72 M |
$10.66 M |
$6.28 M |
$4.77 M |
$4.08 M |
| Gross Profit Ratio |
0.29 |
0.33 |
0.4 |
0.43 |
0.39 |
| Research and Development
Expenses |
$1.44 M
|
$941,533.00
|
$211,111.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$18.91 M
|
$15.18 M
|
$7.50 M
|
$3.90 M
|
$4.12 M
|
| Selling & Marketing
Expenses |
$0.00
|
$1.79 M
|
$43,467.00
|
$28,736.00
|
$19,570.00
|
| Selling, General &
Administrative Expenses |
$18.91 M
|
$15.18 M
|
$7.50 M
|
$3.90 M
|
$4.12 M
|
| Other Expenses |
$1.35 M |
$197,763.00 |
-$409,701.00 |
$155,728.00 |
$115,056.00 |
| Operating Expenses |
$20.36 M |
$16.32 M |
$7.30 M |
$4.05 M |
$4.24 M |
| Cost And Expenses |
$45.41 M |
$37.65 M |
$16.80 M |
$10.34 M |
$10.59 M |
| Interest Income |
$48,370.00 |
$75,401.00 |
$136,709.00 |
$178,584.00 |
$165,468.00 |
| Interest Expense |
$221,157.00 |
$164,155.00 |
$136,709.00 |
$178,584.00 |
$165,468.00 |
| Depreciation &
Amortization |
$1.35 M
|
$553,750.00
|
$198,523.00
|
$462,871.00
|
$115,056.00
|
| EBITDA |
-$8.21 M
|
-$5.08 M
|
-$675,780.00
|
$1.18 M
|
-$46,171.00
|
| EBITDA Ratio |
-0.25 |
-0.15 |
-0.05 |
0.11 |
-0 |
| Operating Income Ratio
|
-0.36
|
-0.18
|
-0.06
|
0.07
|
-0.02
|
| Total Other
Income/Expenses Net |
$2.21 M
|
$228,294.00
|
$619,712.00
|
$450,243.00
|
-$165,468.00
|
| Income Before Tax |
-$9.78 M |
-$5.79 M |
-$1.01 M |
$1.17 M |
-$326,695.00 |
| Income Before Tax Ratio
|
-0.29
|
-0.18
|
-0.06
|
0.11
|
-0.03
|
| Income Tax Expense |
$0.00 |
$127,693.00 |
$137,247.00 |
$178,584.00 |
$165,468.00 |
| Net Income |
-$7.19 M |
-$5.92 M |
-$1.15 M |
$1.17 M |
-$492,163.00 |
| Net Income Ratio |
-0.22 |
-0.19 |
-0.07 |
0.11 |
-0.05 |
| EPS |
-0.76 |
-0.78 |
-0.16 |
0.16 |
-0.0661 |
| EPS Diluted |
-0.76 |
-0.78 |
-0.16 |
0.16 |
-0.0661 |
| Weighted Average Shares
Out |
$9.52 M
|
$7.62 M
|
$7.00 M
|
$7.45 M
|
$7.45 M
|
| Weighted Average Shares
Out Diluted |
$9.52 M
|
$7.62 M
|
$7.00 M
|
$7.45 M
|
$7.45 M
|
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