Veea Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	0.14	9.07	0.22	2.8
Revenue Growth (YoY)	-98.47%	3949.12%	-92.00%	-
Cost of Revenue	0.48	0.47	0.29	2.76
Gross Profit	-0.34	8.61	-0.06	0.04
Selling, General & Admin	19.5	18.74	20.46	21.82
Research & Development	1.17	0.69	3.23	5.68
Other Operating Expenses	-1.29	-0.04	0.05	-1.29
Operating Expenses	19.67	20.21	25.62	30.6
Operating Income	-20	-11.61	-25.68	-30.56
Interest Expense	-2.25	-5.32	-8.58	-4.14
Interest & Investment Income	0	0	0.01	0.01
Currency Exchange Gain (Loss)	1.28	1.28	-2.19	-0.16
EBT Excluding Unusual Items	2.19	-15.64	-36.44	-34.85
Asset Writedown	-	-	-	-1.46
Other Unusual Items	-55.04	-	1.24	1.05
Pretax Income	-52.85	-15.64	-35.2	-35.26
Earnings From Continuing Operations	-52.85	-15.64	-35.2	-35.26
Minority Interest in Earnings	-	-	0.03	0.19
Net Income	-52.85	-15.64	-35.17	-35.07
Net Income to Common	-52.85	-15.64	-35.17	-35.07
Shares Outstanding (Basic)	10	7	7	7
Shares Outstanding (Diluted)	10	7	7	7
Shares Change (YoY)	-25.28%	0.45%	0.73%	-
EPS (Basic)	-5.11	-2.16	-4.88	-4.90
EPS (Diluted)	-5.11	-2.16	-4.88	-4.90
Free Cash Flow	-25.38	-12.69	-22.06	-29.56
Free Cash Flow Per Share	-2.45	-1.75	-3.06	-4.13
Gross Margin	-240.86%	94.85%	-27.34%	1.53%
Operating Margin	-14284.18%	-127.94%	-11460.62%	-1091.15%
Profit Margin	-37740.56%	-172.38%	-15695.95%	-1252.27%
Free Cash Flow Margin	-18126.95%	-139.85%	-9844.20%	-1055.73%
EBITDA	-19.71	-10.79	-23.8	-27.94
EBITDA Margin	-	-118.92%	-	-
D&A For EBITDA	0.29	0.82	1.88	2.61
EBIT	-20	-11.61	-25.68	-30.56
EBIT Margin	-	-127.94%	-	-
Revenue as Reported	-	-	-	2.8

Source: S&P Capital IQ. Standard template. Financial Sources.