Twin Vee Powercats Co. (VEEE)

Twin Vee Powercats Co. Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	14.39	33.43	31.99	15.77	11.06
Revenue Growth (YoY)	-56.95%	4.50%	102.78%	42.58%	6.05%
Cost of Revenue	15.14	30.16	21.33	9.5	6.29
Gross Profit	-0.75	3.27	10.66	6.28	4.77
Selling, General & Admin	9.67	12.46	15.18	7.5	3.9
Research & Development	0.59	1.44	0.94	0.21	-
Operating Expenses	12	15.25	16.68	7.91	4.05
Operating Income	-12.76	-11.99	-6.02	-1.63	0.72
Interest Expense	-0.22	-0.22	-0.16	-0.14	-0.18
Interest & Investment Income	0.66	0.96	0.08	-	-
Other Non Operating Income (Expenses)	0.06	0.01	0.16	0	-
EBT Excluding Unusual Items	-12.25	-11.24	-5.96	-1.77	0.54
Gain (Loss) on Sale of Investments	0.04	0.19	-0.13	-0.03	-
Gain (Loss) on Sale of Assets	-0.12	-	-0.06	-0.25	0.02
Asset Writedown	-1.67	-	-	-	-
Other Unusual Items	-	1.27	0.36	0.61	0.61
Pretax Income	-14.01	-9.78	-5.79	-1.01	1.17
Earnings From Continuing Operations	-14.01	-9.78	-5.79	-1.01	1.17
Minority Interest in Earnings	2.96	2.59	0.66	-	-
Net Income	-11.05	-7.19	-5.14	-1.01	1.17
Net Income to Common	-11.05	-7.19	-5.14	-1.01	1.17
Shares Outstanding (Basic)	1	1	1	1	0
Shares Outstanding (Diluted)	1	1	1	1	0
Shares Change (YoY)	5.38%	24.85%	43.02%	33.28%	-
EPS (Basic)	-11.01	-7.55	-6.74	-1.90	2.93
EPS (Diluted)	-11.01	-7.60	-6.74	-1.90	2.90
Free Cash Flow	-13.32	-12.1	-7.51	-3.89	-0.16
Free Cash Flow Per Share	-13.27	-12.71	-9.85	-7.29	-0.40
Gross Margin	-5.22%	9.77%	33.31%	39.78%	43.15%
Operating Margin	-88.65%	-35.86%	-18.82%	-10.34%	6.51%
Profit Margin	-76.77%	-21.52%	-16.06%	-6.41%	10.59%
Free Cash Flow Margin	-92.54%	-36.19%	-23.48%	-24.65%	-1.45%
EBITDA	-11.01	-10.63	-5.47	-1.43	0.88
EBITDA Margin	-76.52%	-31.81%	-17.09%	-9.08%	7.92%
D&A For EBITDA	1.75	1.35	0.55	0.2	0.16
EBIT	-12.76	-11.99	-6.02	-1.63	0.72
EBIT Margin	-88.65%	-35.86%	-18.82%	-10.34%	6.51%
Advertising Expenses	0.21	0.44	0.11	0.04	0.03

Updated Mar 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q