VEEE Q2 2022 Earnings — Twin Vee Powercats Co. Revenue & Financial Results | Market Cap Arena

VEEETwin Vee Powercats Co.

$678964

Q2 2022 Earnings

Consumer Cyclical Auto - Recreational Vehicles

Income Statement

Revenue

$9M+158.4% YoY

Gross Profit

$3M40.5% margin

Operating Income

-$471,979-5.5% margin

Net Income

-$538,782-6.3% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

+44.7%

Cash Flow

Operating Cash Flow

-$46,578

Free Cash Flow

-$1M

Stock-Based Comp.

$301,891

Balance Sheet

Total Assets

$21M

Total Liabilities

$6M

Stockholders' Equity

$15M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9M	$3M	+158.4%
Gross Profit	$3M	$1M	+161.9%
Operating Income	-$471,979	-$116,933	-303.6%
Net Income	-$538,782	$50,851	-1159.5%