Veea Inc. Balance Sheet

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	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.87	6.01	0.19	0.95
Cash & Short-Term Investments	0.87	6.01	0.19	0.95
Cash Growth	367.82%	3133.29%	-80.45%	-
Receivables	0.05	0.05	0.02	-
Inventory	7.94	7.38	7.55	4.72
Prepaid Expenses	5.44	0.51	0.12	1.86
Total Current Assets	14.3	13.95	7.88	7.54
Property, Plant & Equipment	0.59	0.92	1.92	2.89
Long-Term Investments	0.45	0.45	0.63	0.61
Goodwill	4.79	4.8	4.58	5.12
Other Intangible Assets	0.7	0.63	1.06	2.25
Other Long-Term Assets	0.09	0.09	0.1	0.13
Total Assets	20.93	20.84	16.16	18.53
Accounts Payable	2.3	1.08	4.4	1.7
Accrued Expenses	8.43	7.01	7.23	11.27
Current Portion of Long-Term Debt	21.6	21.6	33.42	69.55
Current Portion of Leases	0.3	0.45	0.86	0.86
Other Current Liabilities	-	2.05	-	0.25
Total Current Liabilities	32.63	32.19	45.91	83.62
Long-Term Debt	-	-	-	1.22
Long-Term Leases	-	0.12	0.55	1.34
Total Liabilities	32.63	32.3	46.46	86.18
Common Stock	0	0	0	0
Additional Paid-In Capital	172.05	159.48	123.78	52.57
Retained Earnings	-183.58	-170.28	-154.64	-119.48
Comprehensive Income & Other	-0.17	-0.66	0.77	-0.56
Total Common Equity	-11.7	-11.47	-30.09	-67.46
Minority Interest	-	-	-0.21	-0.18
Shareholders' Equity	-11.7	-11.47	-30.3	-67.65
Total Liabilities & Equity	20.93	20.84	16.16	18.53
Total Debt	21.9	22.16	34.83	72.96
Net Cash (Debt)	-21.03	-16.15	-34.64	-72.01
Net Cash Per Share	-2.90	-2.23	-4.81	-10.07
Filing Date Shares Outstanding	7.3	7.24	7.2	7.15
Total Common Shares Outstanding	7.3	7.24	7.2	7.15
Working Capital	-18.32	-18.23	-38.03	-76.08
Book Value Per Share	-1.60	-1.58	-4.18	-9.43
Tangible Book Value	-17.19	-16.89	-35.73	-74.84
Tangible Book Value Per Share	-2.36	-2.33	-4.96	-10.46
Machinery	1.02	0.98	0.96	1.13
Leasehold Improvements	0.39	0.39	0.39	0.39

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