VEEE
Income statement / Annual
Last year (2023), Twin Vee Powercats Co.'s total revenue was $33.43 M,
an increase of 4.50% from the previous year.
In 2023, Twin Vee Powercats Co.'s net income was -$7.19 M.
See Twin Vee Powercats Co.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$33.43 M |
$31.99 M |
$15.77 M |
$11.06 M |
$10.43 M |
| Cost of Revenue |
$23.70 M
|
$21.33 M
|
$9.50 M
|
$6.29 M
|
$6.35 M
|
| Gross Profit |
$9.72 M
|
$10.66 M
|
$6.28 M
|
$4.77 M
|
$4.08 M
|
| Gross Profit Ratio |
0.29
|
0.33
|
0.4
|
0.43
|
0.39
|
| Research and Development Expenses |
$1.44 M
|
$941,533.00
|
$211,111.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$18.91 M
|
$15.18 M
|
$7.50 M
|
$3.90 M
|
$4.12 M
|
| Selling & Marketing Expenses |
$0.00
|
$1.79 M
|
$43,467.00
|
$28,736.00
|
$19,570.00
|
| Selling, General & Administrative Expenses |
$18.91 M
|
$15.18 M
|
$7.50 M
|
$3.90 M
|
$4.12 M
|
| Other Expenses |
$1.35 M
|
$197,763.00
|
-$409,701.00
|
$155,728.00
|
$115,056.00
|
| Operating Expenses |
$21.71 M
|
$16.32 M
|
$7.30 M
|
$4.05 M
|
$4.24 M
|
| Cost And Expenses |
$45.41 M
|
$37.65 M
|
$16.80 M
|
$10.34 M
|
$10.59 M
|
| Interest Income |
$48,370.00
|
$75,401.00
|
$136,709.00
|
$178,584.00
|
$165,468.00
|
| Interest Expense |
$221,157.00
|
$164,155.00
|
$136,709.00
|
$178,584.00
|
$165,468.00
|
| Depreciation & Amortization |
$1.35 M
|
$553,750.00
|
$198,523.00
|
$462,871.00
|
$115,056.00
|
| EBITDA |
-$8.21 M |
-$5.08 M |
-$675,780.00 |
$1.18 M |
-$46,171.00 |
| EBITDA Ratio |
-0.25
|
-0.15
|
-0.05
|
0.11
|
-0
|
| Operating Income Ratio |
-0.36
|
-0.18
|
-0.06
|
0.07
|
-0.02
|
| Total Other Income/Expenses Net |
$2.21 M
|
$228,294.00
|
$619,712.00
|
$450,243.00
|
-$165,468.00
|
| Income Before Tax |
-$9.78 M
|
-$5.79 M
|
-$1.01 M
|
$1.17 M
|
-$326,695.00
|
| Income Before Tax Ratio |
-0.29
|
-0.18
|
-0.06
|
0.11
|
-0.03
|
| Income Tax Expense |
$0.00
|
$127,693.00
|
$137,247.00
|
$178,584.00
|
$165,468.00
|
| Net Income |
-$7.19 M
|
-$5.92 M
|
-$1.15 M
|
$1.17 M
|
-$492,163.00
|
| Net Income Ratio |
-0.22
|
-0.19
|
-0.07
|
0.11
|
-0.05
|
| EPS |
-0.76 |
-0.78 |
-0.16 |
0.16 |
-0.0661 |
| EPS Diluted |
-0.76 |
-0.78 |
-0.16 |
0.16 |
-0.0661 |
| Weighted Average Shares Out |
$9.52 M
|
$7.62 M
|
$7.00 M
|
$7.45 M
|
$7.45 M
|
| Weighted Average Shares Out Diluted |
$9.52 M
|
$7.62 M
|
$7.00 M
|
$7.45 M
|
$7.45 M
|
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