VEEE Q3 2022 Earnings — Twin Vee Powercats Co. Revenue & Financial Results | Market Cap Arena

VEEETwin Vee Powercats Co.

$647082

Q3 2022 Earnings

Consumer Cyclical Auto - Recreational Vehicles

Income Statement

Revenue

$9M+114.0% YoY

Gross Profit

$3M37.8% margin

Operating Income

-$856,960-9.7% margin

Net Income

-$700,029-7.9% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

-$1M

Free Cash Flow

-$2M

Stock-Based Comp.

$287,607

Balance Sheet

Total Assets

$35M

Total Liabilities

$5M

Stockholders' Equity

$25M

Cash & Equivalents

$20M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9M	$4M	+114.0%
Gross Profit	$3M	$2M	+107.1%
Operating Income	-$856,960	-$322,534	-165.7%
Net Income	-$700,029	-$383,277	-82.6%