VEEE Q1 2024 Earnings — Twin Vee Powercats Co. Revenue & Financial Results | Market Cap Arena

VEEETwin Vee Powercats Co.

$678964

Q1 2024 Earnings

Consumer Cyclical Auto - Recreational Vehicles

Income Statement

Revenue

$5M-40.6% YoY

Gross Profit

$277,3135.3% margin

Operating Income

-$3M-48.2% margin

Net Income

-$2M-32.0% margin

EPS (Diluted)

$-0.18

QoQ Revenue Growth

-37.5%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$4M

Stock-Based Comp.

$426,283

Balance Sheet

Total Assets

$36M

Total Liabilities

$6M

Stockholders' Equity

$22M

Cash & Equivalents

$16M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5M	$9M	-40.6%
Gross Profit	$277,313	$2M	-82.8%
Operating Income	-$3M	-$2M	-7.3%
Net Income	-$2M	-$1M	-44.5%