Vicinity Motor Corp.
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. Vicinity Motor Corp.'s past years’ income statements indicate that its last revenue has increased compared to the previous period by 3% to $19,050,000. The net income raised on -$16,633,000 and profit margin reached -87%. Total operating expenses were $11,521,000.
Profit Margin
| 2014 | 1.35M | -3.79M | -280.12% |
|---|---|---|---|
| 2015 | 4.56M | -3.37M | -73.83% |
| 2016 | 6.27M | -3.02M | -48.24% |
| 2017 | 43.50M | -331.36K | -0.76% |
| 2018 | 51.45M | 696.71K | 1.35% |
| 2019 | 18.86M | -3.81M | -20.23% |
| 2020 | 20.44M | -3.45M | -16.89% |
| 2021 | 41.70M | -7.32M | -17.56% |
| 2022 | 18.47M | -17.94M | -97.15% |
| 2023 | 19.05M | -16.63M | -87.31% |
VEV Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 19.05M | 18.47M | 41.70M | 20.44M | 18.86M | 51.45M | 43.50M | 6.27M | 4.56M | 1.35M |
Cost of revenue | 16.91M | 18.03M | 37.47M | 17.82M | 15.54M | 42.69M | 38.47M | 5.88M | 4.67M | 1.30M |
Gross profit | 2.13M | 440K | 4.23M | 2.62M | 3.32M | 8.75M | 5.02M | 392.32K | -105.10K | 48.43K |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 254.85K | 167.53K | 139.68K |
Selling and marketing | 0 | 0 | 0 | 6.03M | 7.24M | 7.01M | 4.97M | 594.79K | 792.70K | 285.90K |
Total operating expenses | 11.52M | 13.47M | 10.03M | 5.99M | 6.51M | 6.62M | 4.97M | 2.93M | 3.21M | 3.82M |
Operating income | -9.38M | -13.03M | -5.80M | -3.37M | -3.19M | 2.12M | 46.46K | -2.54M | -3.31M | -4.17M |
Other income (expenses), net | -7.24M | -4.70M | -1.05M | 3K | -578.85K | -613.48K | -377.83K | -123.57K | -55.50K | 20.09K |
Income before tax | -16.63M | -17.74M | -6.85M | -3.37M | -3.77M | 696.71K | -331.36K | -3.02M | -3.37M | -3.79M |
Income tax expense | 5.03M | 202K | 464K | 76.85K | 44.99K | -613.48K | 627.89K | 359.41K | 84.58K | 76.79K |
Net income | -16.63M | -17.94M | -7.32M | -3.45M | -3.81M | 696.71K | -331.36K | -3.02M | -3.37M | -3.79M |
Earnings per share | ||||||||||
Basic EPS | -0.36 | -0.45 | -0.24 | -0.13 | -0.16 | 0.02 | -0.01 | -0.18 | -0.24 | -0.35 |
Diluted EPS | -0.36 | -0.45 | -0.24 | -0.13 | -0.16 | 0.02 | -0.01 | -0.18 | -0.24 | -0.35 |
| Data source |