VEEE
Income statement / Annual
Last year (2024), Twin Vee Powercats Co.'s total revenue was $14.39 M,
a decrease of 56.95% from the previous year.
In 2024, Twin Vee Powercats Co.'s net income was -$11.05 M.
See Twin Vee Powercats Co.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$14.39 M |
$33.43 M |
$31.99 M |
$15.77 M |
$11.06 M |
$10.43 M |
| Cost of Revenue |
$15.14 M
|
$30.16 M
|
$21.33 M
|
$9.50 M
|
$6.29 M
|
$6.35 M
|
| Gross Profit |
-$751.43 K
|
$3.27 M
|
$10.66 M
|
$6.28 M
|
$4.77 M
|
$4.08 M
|
| Gross Profit Ratio |
-0.05
|
0.1
|
0.33
|
0.4
|
0.43
|
0.39
|
| Research and Development Expenses |
$586.38 K
|
$1.44 M
|
$941.53 K
|
$211.11 K
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$9.67 M
|
$12.46 M
|
$15.18 M
|
$7.50 M
|
$3.90 M
|
$4.12 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$9.67 M
|
$12.46 M
|
$15.18 M
|
$7.50 M
|
$3.90 M
|
$4.12 M
|
| Other Expenses |
$3.54 M
|
$1.35 M
|
$553.75 K
|
$198.52 K
|
$155.73 K
|
$115.06 K
|
| Operating Expenses |
$13.80 M
|
$15.25 M
|
$16.68 M
|
$7.91 M
|
$4.05 M
|
$4.24 M
|
| Cost And Expenses |
$28.94 M
|
$45.41 M
|
$38.01 M
|
$17.40 M
|
$10.34 M
|
$10.59 M
|
| Interest Income |
$150.55 K
|
$48.37 K
|
$75.40 K
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$222.59 K
|
$221.16 K
|
$164.16 K
|
$136.71 K
|
$178.58 K
|
$165.47 K
|
| Depreciation & Amortization |
$1.75 M
|
$1.35 M
|
$553.75 K
|
$198.52 K
|
$155.73 K
|
$115.06 K
|
| EBITDA |
-$12.04 M |
-$8.21 M |
-$5.08 M |
-$675.78 K |
$1.51 M |
-$46.17 K |
| EBITDA Ratio |
-0.84
|
-0.25
|
-0.16
|
-0.04
|
0.14
|
-0
|
| Operating Income Ratio |
-1.01
|
-0.36
|
-0.19
|
-0.1
|
0.07
|
-0.02
|
| Total Other Income/Expenses Net |
$541.86 K
|
$2.21 M
|
$228.29 K
|
$619.71 K
|
$450.24 K
|
-$165.47 K
|
| Income Before Tax |
-$14.01 M
|
-$9.78 M
|
-$5.79 M
|
-$1.01 M
|
$1.17 M
|
-$326.70 K
|
| Income Before Tax Ratio |
-0.97
|
-0.29
|
-0.18
|
-0.06
|
0.11
|
-0.03
|
| Income Tax Expense |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Net Income |
-$11.05 M
|
-$7.19 M
|
-$5.14 M
|
-$1.01 M
|
$1.17 M
|
-$326.70 K
|
| Net Income Ratio |
-0.77
|
-0.22
|
-0.16
|
-0.06
|
0.11
|
-0.03
|
| EPS |
-11.01 |
-0.76 |
-0.78 |
-0.16 |
0.16 |
-0.0661 |
| EPS Diluted |
-11.01 |
-0.76 |
-0.78 |
-0.16 |
0.16 |
-0.0661 |
| Weighted Average Shares Out |
$1.00 M
|
$9.52 M
|
$7.62 M
|
$7.00 M
|
$7.45 M
|
$7.45 M
|
| Weighted Average Shares Out Diluted |
$1.00 M
|
$9.52 M
|
$7.62 M
|
$7.00 M
|
$7.45 M
|
$7.45 M
|
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