Veea Inc. Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.25	1.69	6.01	0.19	0.95
Cash & Short-Term Investments	0.25	1.69	6.01	0.19	0.95
Cash Growth	-95.88%	-71.95%	3133.29%	-80.45%	-
Receivables	0.08	0.08	0.05	0.02	-
Inventory	7.78	12.46	7.38	7.55	4.72
Prepaid Expenses	5.55	0.31	0.18	0.12	1.86
Other Current Assets	-	0.34	0.34	-	-
Total Current Assets	13.66	14.88	13.95	7.88	7.54
Property, Plant & Equipment	0.17	0.33	0.92	1.92	2.89
Long-Term Investments	0.24	0.24	0.45	0.63	0.61
Goodwill	4.92	4.78	4.8	4.58	5.12
Other Intangible Assets	0.9	0.79	0.63	1.06	2.25
Other Long-Term Assets	0.12	0.09	0.09	0.1	0.13
Total Assets	20.01	21.09	20.84	16.16	18.53
Accounts Payable	3.91	1.29	1.08	4.4	1.7
Accrued Expenses	1.04	5.57	7.01	7.23	11.27
Current Portion of Long-Term Debt	14	12.7	21.6	33.42	69.55
Current Portion of Leases	-	0.12	0.45	0.86	0.86
Other Current Liabilities	6.47	0.45	2.05	-	0.25
Total Current Liabilities	25.42	20.14	32.19	45.91	83.62
Long-Term Debt	0.81	0.1	-	-	1.22
Long-Term Leases	-	-	0.12	0.55	1.34
Other Long-Term Liabilities	5.45	17.89	-	-	-
Total Liabilities	31.68	38.12	32.3	46.46	86.18
Common Stock	0	0	0	0	0
Additional Paid-In Capital	201.7	200.67	159.48	123.78	52.57
Retained Earnings	-213.53	-217.83	-170.28	-154.64	-119.48
Comprehensive Income & Other	0.15	0.13	-0.66	0.77	-0.56
Total Common Equity	-11.68	-17.02	-11.47	-30.09	-67.46
Minority Interest	-	-	-	-0.21	-0.18
Shareholders' Equity	-11.68	-17.02	-11.47	-30.3	-67.65
Total Liabilities & Equity	20.01	21.09	20.84	16.16	18.53
Total Debt	14.81	12.92	22.16	34.83	72.96
Net Cash (Debt)	-14.57	-11.23	-16.15	-34.64	-72.01
Net Cash Per Share	-0.50	-0.44	-1.00	-4.81	-10.07
Filing Date Shares Outstanding	36.48	36.44	7.24	7.2	7.15
Total Common Shares Outstanding	36.54	36.2	7.24	7.2	7.15
Working Capital	-11.76	-5.26	-18.23	-38.03	-76.08
Book Value Per Share	-0.32	-0.47	-1.58	-4.18	-9.43
Tangible Book Value	-17.5	-22.59	-16.89	-35.73	-74.84
Tangible Book Value Per Share	-0.48	-0.62	-2.33	-4.96	-10.46
Machinery	1.03	1.03	0.98	0.96	1.13
Leasehold Improvements	0.39	0.39	0.39	0.39	0.39

Updated Nov 20, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q