VLCN
Income statement / Annual
Last year (2023), Volcon, Inc.'s total revenue was $3.26 M,
a decrease of 28.28% from the previous year.
In 2023, Volcon, Inc.'s net income was -$45.07 M.
See Volcon, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
| Operating Revenue |
$3.26 M
|
$4.55 M
|
$448,819.00
|
$0.00
|
| Cost of Revenue |
$11.39 M |
$13.41 M |
$10.51 M |
$2,522.00 |
| Gross Profit |
-$8.13 M |
-$8.87 M |
-$10.06 M |
-$2,522.00 |
| Gross Profit Ratio |
-2.49 |
-1.95 |
-22.41 |
0 |
| Research and Development
Expenses |
$7.87 M
|
$8.46 M
|
$10.47 M
|
$407,760.00
|
| General & Administrative
Expenses |
$6.39 M
|
$9.05 M
|
$15.78 M
|
$999,932.00
|
| Selling & Marketing
Expenses |
$7.41 M
|
$5.69 M
|
$2.87 M
|
$150,902.00
|
| Selling, General &
Administrative Expenses |
$13.79 M
|
$14.74 M
|
$18.66 M
|
$956,507.00
|
| Other Expenses |
$0.00 |
$87,765.00 |
-$854,022.00 |
$0.00 |
| Operating Expenses |
$21.66 M |
$23.20 M |
$29.12 M |
$1.36 M |
| Cost And Expenses |
$33.05 M |
$36.61 M |
$39.63 M |
$1.37 M |
| Interest Income |
$0.00 |
$2.26 M |
$91,238.00 |
$9,149.00 |
| Interest Expense |
$4.97 M |
$2.26 M |
$91,238.00 |
$7,624.00 |
| Depreciation &
Amortization |
$618,981.00
|
$1.19 M
|
$585,624.00
|
$2,522.00
|
| EBITDA |
-$39.48 M
|
-$30.78 M
|
-$39.45 M
|
-$1.36 M
|
| EBITDA Ratio |
-12.11 |
-6.77 |
-87.89 |
0 |
| Operating Income Ratio
|
-9.14
|
-7.05
|
-87.3
|
0
|
| Total Other
Income/Expenses Net |
-$15.28 M
|
-$2.17 M
|
-$945,259.00
|
-$7,624.00
|
| Income Before Tax |
-$45.07 M |
-$34.24 M |
-$40.13 M |
-$1.37 M |
| Income Before Tax Ratio
|
-13.82
|
-7.53
|
-89.4
|
0
|
| Income Tax Expense |
$0.00 |
$2.17 M |
-$762,784.00 |
-$2.00 |
| Net Income |
-$45.07 M |
-$36.41 M |
-$39.36 M |
-$1.37 M |
| Net Income Ratio |
-13.82 |
-8.01 |
-87.7 |
0 |
| EPS |
-35020.37 |
-335.36 |
-511.67 |
-12.87 |
| EPS Diluted |
-35020.37 |
-335.36 |
-511.67 |
-12.87 |
| Weighted Average Shares
Out |
$1,287.00
|
$108,561.00
|
$76,929.00
|
$106,781.00
|
| Weighted Average Shares
Out Diluted |
$1,287.00
|
$108,561.00
|
$76,929.00
|
$106,781.00
|
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