Twin Vee Powercats
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Twin Vee Powercats's past years’ income statements indicate that its last revenue has increased compared to the previous period by 4% to $33,425,911. Profit margin reached -22%. Total operating expenses were $21,710,326.
Profit Margin
| 2019 | 10.43M | -492.16K | -4.72% |
|---|---|---|---|
| 2020 | 11.06M | 1.17M | 10.58% |
| 2021 | 15.77M | -1.14M | -7.28% |
| 2022 | 31.98M | -5.92M | -18.51% |
| 2023 | 33.42M | -7.19M | -21.52% |
VEEE Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 33.42M | 31.98M | 15.77M | 11.06M | 10.43M |
Cost of revenue | 23.70M | 21.33M | 9.49M | 6.28M | 6.35M |
Gross profit | 9.72M | 10.65M | 6.27M | 4.77M | 4.07M |
Operating exp. | |||||
Research and development | 1.44M | 941.53K | 211.11K | 0 | 0 |
Selling and marketing | 0 | 1.79M | 43.46K | 28.73K | 19.57K |
Total operating expenses | 21.71M | 16.32M | 7.29M | 4.05M | 4.23M |
Operating income | -11.98M | -5.66M | -1.02M | 720.83K | -161.22K |
Other income (expenses), net | 2.20M | -127.69K | 11.48K | 450.24K | -165.46K |
Income before tax | -9.78M | -5.79M | -1.01M | 1.17M | -326.69K |
Income tax expense | 0 | 127.69K | 137.24K | 178.58K | 165.46K |
Net income | -7.19M | -5.92M | -1.14M | 1.17M | -492.16K |
Earnings per share | |||||
Basic EPS | -0.76 | -0.78 | -0.16 | 0.16 | -0.06 |
Diluted EPS | -0.76 | -0.78 | -0.16 | 0.16 | -0.06 |
| Data source | Data source | Data source |