VEEE Q1 2023 Earnings — Twin Vee Powercats Co. Revenue & Financial Results | Market Cap Arena

VEEETwin Vee Powercats Co.

$678964

Q1 2023 Earnings

Consumer Cyclical Auto - Recreational Vehicles

Income Statement

Revenue

$9M+50.8% YoY

Gross Profit

$2M18.1% margin

Operating Income

-$2M-26.7% margin

Net Income

-$1M-13.1% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

+1.2%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$3M

Stock-Based Comp.

$482,964

Balance Sheet

Total Assets

$37M

Total Liabilities

$5M

Stockholders' Equity

$28M

Cash & Equivalents

$21M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9M	$6M	+50.8%
Gross Profit	$2M	$2M	-33.9%
Operating Income	-$2M	-$1M	-126.1%
Net Income	-$1M	-$1M	+2.1%