VEEE FY 2023 Earnings — Twin Vee Powercats Co. Revenue & Financial Results | Market Cap Arena

VEEETwin Vee Powercats Co.

$678964

FY 2023 Earnings

Consumer Cyclical Auto - Recreational Vehicles

Income Statement

Revenue

$33M+4.5% YoY

Gross Profit

$3M9.8% margin

Operating Income

-$12M-35.9% margin

Net Income

-$7M-21.5% margin

EPS (Diluted)

$-0.76

Cash Flow

Operating Cash Flow

-$7M

Free Cash Flow

-$12M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$40M

Total Liabilities

$8M

Stockholders' Equity

$24M

Cash & Equivalents

$16M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$33M	$32M	+4.5%
Gross Profit	$3M	$11M	-69.3%
Operating Income	-$12M	-$6M	-99.1%
Net Income	-$7M	-$5M	-40.0%