Volcon
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. Volcon's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 28% to $3,260,988. Profit margin reached -1382%. Total operating expenses were $21,662,697.
Profit Margin
| 2020 | 0 | -1.37M | |
|---|---|---|---|
| 2021 | 448.81K | -39.36M | -8770.2% |
| 2022 | 4.54M | -36.40M | -800.74% |
| 2023 | 3.26M | -45.07M | -1382.13% |
VLCN Income Statement (2020 – 2023)
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
Revenue | ||||
Revenue | 3.26M | 4.54M | 448.81K | 0 |
Cost of revenue | 11.39M | 13.41M | 10.50M | 2.52K |
Gross profit | -8.13M | -8.86M | -10.05M | -2.52K |
Operating exp. | ||||
Research and development | 7.86M | 8.45M | 10.46M | 407.76K |
Selling and marketing | 7.40M | 5.69M | 2.87M | 150.90K |
Total operating expenses | 21.66M | 23.19M | 29.12M | 1.36M |
Operating income | -29.79M | -32.06M | -39.17M | -1.36M |
Other income (expenses), net | -15.27M | -2.17M | -945.25K | -7.62K |
Income before tax | -45.07M | -34.23M | -40.12M | -1.37M |
Income tax expense | 0 | 2.17M | -762.78K | -2 |
Net income | -45.07M | -36.40M | -39.36M | -1.37M |
Earnings per share | ||||
Basic EPS | -35.02K | -335.36 | -511.67 | -12.87 |
Diluted EPS | -35.02K | -335.36 | -511.67 | -12.87 |
| Data source | Data source | Data source |