Velocity Composites
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. Velocity Composites's past years’ income statements indicate that its last revenue has increased compared to the previous period by 37% to $16,411,000. Profit margin reached -19%. Total operating expenses were $5,903,000.
Profit Margin
| 2014 | 15.27M | 715K | 4.68% |
|---|---|---|---|
| 2015 | 14.52M | 1.01M | 6.99% |
| 2016 | 14.61M | -274K | -1.87% |
| 2017 | 21.36M | -700K | -3.28% |
| 2018 | 24.47M | -994K | -4.06% |
| 2019 | 24.31M | -636K | -2.62% |
| 2020 | 13.56M | -3.13M | -23.08% |
| 2021 | 9.76M | -1.20M | -12.35% |
| 2022 | 11.95M | -1.33M | -11.18% |
| 2023 | 16.41M | -3.14M | -19.15% |
VEL.L Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 16.41M | 11.95M | 9.76M | 13.56M | 24.31M | 24.47M | 21.36M | 14.61M | 14.52M | 15.27M |
Cost of revenue | 13.32M | 9.21M | 7.22M | 11.23M | 19.04M | 19.99M | 17.43M | 11.13M | 11.04M | 12.14M |
Gross profit | 3.08M | 2.74M | 2.53M | 2.32M | 5.26M | 4.48M | 3.93M | 3.47M | 3.48M | 3.13M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 5.90M | 4.06M | 3.90M | 5.13M | 5.17M | 5.30M | 3.72M | 3.74M | 2.19M | 2.13M |
Operating income | -2.81M | -1.31M | -1.36M | -2.80M | 98K | -1.07M | -460K | -269K | 1.29M | 999K |
Other income (expenses), net | -326K | -187K | -182K | -439K | -750K | -387K | -818K | -86K | -38K | -67K |
Income before tax | -3.14M | -1.50M | -1.54M | -3.24M | -652K | -1.20M | -627K | -355K | 1.25M | 932K |
Income tax expense | 0 | -167K | -340K | -117K | -16K | -213K | 73K | -81K | 238K | 217K |
Net income | -3.14M | -1.33M | -1.20M | -3.13M | -636K | -994K | -700K | -274K | 1.01M | 715K |
Earnings per share | ||||||||||
Basic EPS | -0.08 | -0.03 | -0.03 | -0.08 | -0.01 | -0.02 | -0.02 | -0.00 | 0.02 | 0.02 |
Diluted EPS | -0.08 | -0.03 | -0.03 | -0.08 | -0.01 | -0.02 | -0.02 | -0.00 | 0.02 | 0.02 |
| Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source |