VEEE Q2 2023 Earnings — Twin Vee Powercats Co. Revenue & Financial Results | Market Cap Arena

VEEETwin Vee Powercats Co.

$678964

Q2 2023 Earnings

Consumer Cyclical Auto - Recreational Vehicles

Income Statement

Revenue

$8M-4.6% YoY

Gross Profit

$935,71511.5% margin

Operating Income

-$3M-37.5% margin

Net Income

-$1M-16.4% margin

EPS (Diluted)

$-0.20

QoQ Revenue Growth

-8.5%

Cash Flow

Operating Cash Flow

-$1M

Free Cash Flow

-$2M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$46M

Total Liabilities

$8M

Stockholders' Equity

$27M

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8M	$9M	-4.6%
Gross Profit	$935,715	$3M	-72.9%
Operating Income	-$3M	-$471,979	-545.0%
Net Income	-$1M	-$538,782	-147.7%