VEEE: Twin Vee Powercats Co Financial Statements
Balance sheet, income statement, and cash flow statements for Twin Vee Powercats Co (VEEE).
$5.24M Market Cap.
VEEE Market Cap. (MRY)
VEEE Shares Outstanding (MRY)
VEEE Assets (MRY)
Total Assets
$25.89M
Total Liabilities
$6.67M
Total Investments
$0
VEEE Income (MRY)
Revenue
$14.39M
Net Income
-$11.05M
Operating Expense
$13.80M
VEEE Cash Flow (MRY)
CF Operations
-$6.97M
CF Investing
-$1.86M
CF Financing
-$213.74K
VEEE Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $25,887,905 (-35.03%) | $39,846,713 (4.22%) | $38,231,480 (85.60%) | $20,599,184 (357.30%) |
Assets Current | $10,419,141 (-60.90%) | $26,646,318 (-10.84%) | $29,887,529 (128.61%) | $13,073,346 (612.47%) |
Assets Non-Current | $15,468,764 (17.18%) | $13,200,395 (58.20%) | $8,343,951 (10.87%) | $7,525,838 (181.91%) |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $19,216,850 (-18.27%) | $23,511,193 (-17.32%) | $28,435,734 (70.28%) | $16,699,700 (978.21%) |
Property Plant & Equipment Net | $15,428,484 (17.34%) | $13,148,978 (91.52%) | $6,865,522 (54.85%) | $4,433,701 (67.65%) |
Cash & Equivalents | $7,706,240 (-54.01%) | $16,755,233 (-28.70%) | $23,501,007 (236.92%) | $6,975,302 (682.15%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $80,000 (81.02%) | $44,195 (733.87%) | $5,300 (-62.41%) | $14,100 (107.84%) |
Total Investments | $0 (0%) | $4,462,942 (52.45%) | $2,927,518 (-51.72%) | $6,064,097 (0%) |
Investments Current | $0 (0%) | $4,462,942 (201.22%) | $1,481,606 (-50.56%) | $2,996,960 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $1,445,912 (-52.86%) | $3,067,137 (0%) |
Inventory | $2,516,760 (-48.48%) | $4,884,761 (21.87%) | $4,008,332 (122.71%) | $1,799,769 (92.14%) |
Trade & Non-Trade Receivables | $0 (0%) | $80,160 (465.82%) | $14,167 (-95.15%) | $292,059 (4687.85%) |
Trade & Non-Trade Payables | $2,215,078 (-7.67%) | $2,399,026 (16.14%) | $2,065,680 (72.02%) | $1,200,861 (50.24%) |
Accumulated Retained Earnings (Deficit) | -$25,392,955 (-76.99%) | -$14,346,984 (-100.52%) | -$7,154,808 (-254.63%) | -$2,017,556 (-100.44%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $3,581,724 (-16.28%) | $4,278,365 (125.31%) | $1,898,842 (-10.12%) | $2,112,666 (16.66%) |
Debt Current | $658,659 (-5.58%) | $697,612 (45.54%) | $479,314 (30.04%) | $368,602 (24.79%) |
Debt Non-Current | $2,923,065 (-18.37%) | $3,580,753 (152.25%) | $1,419,528 (-18.61%) | $1,744,064 (15.07%) |
Total Liabilities | $6,671,055 (-14.44%) | $7,797,098 (49.64%) | $5,210,591 (33.62%) | $3,899,484 (31.93%) |
Liabilities Current | $3,747,990 (-11.11%) | $4,216,345 (11.22%) | $3,791,063 (75.89%) | $2,155,420 (49.67%) |
Liabilities Non-Current | $2,923,065 (-18.37%) | $3,580,753 (152.25%) | $1,419,528 (-18.61%) | $1,744,064 (15.07%) |
VEEE Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $14,388,517 (-56.95%) | $33,425,912 (4.50%) | $31,987,724 (102.79%) | $15,774,170 (42.58%) |
Cost of Revenue | $15,139,942 (-49.80%) | $30,159,024 (41.39%) | $21,330,918 (124.57%) | $9,498,384 (51.02%) |
Selling General & Administrative Expense | $8,002,687 (-28.60%) | $11,207,847 (-21.17%) | $14,217,194 (99.79%) | $7,115,944 (90.75%) |
Research & Development Expense | $586,379 (-59.38%) | $1,443,569 (53.32%) | $941,533 (345.99%) | $211,111 (0%) |
Operating Expenses | $13,800,344 (-9.53%) | $15,254,187 (-8.54%) | $16,678,514 (110.95%) | $7,906,507 (95.06%) |
Interest Expense | $222,594 (0.65%) | $221,157 (34.72%) | $164,155 (20.08%) | $136,709 (-23.45%) |
Income Tax Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$14,009,906 (-43.22%) | -$9,782,196 (-68.85%) | -$5,793,414 (-473.03%) | -$1,011,009 (-186.33%) |
Net Income to Non-Controlling Interests | -$2,963,935 (-14.44%) | -$2,590,020 (-294.72%) | -$656,162 (0%) | $0 (0%) |
Net Income | -$11,045,971 (-53.58%) | -$7,192,176 (-40.00%) | -$5,137,252 (-408.13%) | -$1,011,009 (-186.33%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$11,045,971 (-53.58%) | -$7,192,176 (-40.00%) | -$5,137,252 (-408.13%) | -$1,011,009 (-186.33%) |
Weighted Average Shares | $1,003,204 (5.38%) | $952,000 (24.85%) | $762,494 (43.02%) | $533,140 (33.28%) |
Weighted Average Shares Diluted | $1,003,204 (5.38%) | $952,000 (24.85%) | $762,494 (43.02%) | $533,140 (33.28%) |
Earning Before Interest & Taxes (EBIT) | -$10,823,377 (-55.26%) | -$6,971,019 (-40.17%) | -$4,973,097 (-468.81%) | -$874,300 (-164.78%) |
Gross Profit | -$751,425 (-123.00%) | $3,266,888 (-69.34%) | $10,656,806 (69.81%) | $6,275,786 (31.45%) |
Operating Income | -$14,551,769 (-21.39%) | -$11,987,299 (-99.07%) | -$6,021,708 (-269.27%) | -$1,630,721 (-326.23%) |
VEEE Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$1,861,632 (71.92%) | -$6,629,021 (-3288.98%) | -$195,605 (97.57%) | -$8,037,264 (-3909.57%) |
Net Cash Flow from Financing | -$213,744 (-103.13%) | $6,818,020 (-67.33%) | $20,867,340 (29.87%) | $16,068,289 (3038.06%) |
Net Cash Flow from Operations | -$6,973,617 (-0.56%) | -$6,934,773 (-67.26%) | -$4,146,031 (-112.89%) | -$1,947,539 (-634.09%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$9,048,993 (-34.14%) | -$6,745,774 (-140.82%) | $16,525,705 (171.65%) | $6,083,486 (799.60%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $4,514,493 (431.31%) | -$1,362,602 (-145.49%) | $2,995,074 (149.13%) | -$6,096,562 (-24286.25%) |
Capital Expenditure | -$6,335,711 (-22.73%) | -$5,162,478 (-61.80%) | -$3,190,679 (-64.41%) | -$1,940,702 (-1006.12%) |
Issuance (Repayment) of Debt Securities | -$213,744 (-137.09%) | -$90,153 (-29.74%) | -$69,485 (-121.60%) | $321,752 (28.76%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $6,001,836 (-61.88%) | $15,746,537 (0%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $1,177,140 (-38.13%) | $1,902,749 (31.34%) | $1,448,751 (367.59%) | $309,832 (0%) |
Depreciation Amortization & Accretion | $1,745,217 (28.95%) | $1,353,383 (144.40%) | $553,750 (178.93%) | $198,523 (27.48%) |
VEEE Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | -5.20% (-153.06%) | 9.80% (-70.57%) | 33.30% (-16.33%) | 39.80% (-7.87%) |
Profit Margin | -76.80% (-257.21%) | -21.50% (-33.54%) | -16.10% (-151.56%) | -6.40% (-160.38%) |
EBITDA Margin | -63.10% (-275.60%) | -16.80% (-21.74%) | -13.80% (-220.93%) | -4.30% (-131.62%) |
Return on Average Equity (ROAE) | -56.30% (-103.99%) | -27.60% (-13.11%) | -24.40% (-125.93%) | -10.80% (-107.68%) |
Return on Average Assets (ROAA) | -35.00% (-102.31%) | -17.30% (3.35%) | -17.90% (-145.21%) | -7.30% (-121.10%) |
Return on Sales (ROS) | -75.20% (-259.81%) | -20.90% (-34.84%) | -15.50% (-181.82%) | -5.50% (-145.08%) |
Return on Invested Capital (ROIC) | -56.30% (-76.49%) | -31.90% (14.48%) | -37.30% (-328.74%) | -8.70% (-117.33%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% |
Price to Earnings Ratio (P/E) | -0.5 (73.23%) | -1.87 (31.60%) | -2.73 (87.06%) | -21.11 |
Price to Sales Ratio (P/S) | 0.38 (-5.20%) | 0.4 (-7.34%) | 0.44 (-67.82%) | 1.35 |
Price to Book Ratio (P/B) | 0.27 (-52.70%) | 0.57 (-6.20%) | 0.61 (-63.53%) | 1.68 |
Debt to Equity Ratio (D/E) | 0.35 (4.52%) | 0.33 (81.42%) | 0.18 (-21.79%) | 0.23 (-87.74%) |
Earnings Per Share (EPS) | -11 (-44.74%) | -7.6 (-13.43%) | -6.7 (-252.63%) | -1.9 (-165.52%) |
Sales Per Share (SPS) | 14.34 (-59.15%) | 35.11 (-16.30%) | 41.95 (41.79%) | 29.59 (6.97%) |
Free Cash Flow Per Share (FCFPS) | -13.27 (-4.41%) | -12.71 (-32.06%) | -9.62 (-31.93%) | -7.29 (-1641.86%) |
Book Value Per Share (BVPS) | 19.16 (-22.44%) | 24.7 (-33.78%) | 37.29 (19.06%) | 31.32 (708.96%) |
Tangible Assets Book Value Per Share (TABVPS) | 25.8 (-38.35%) | 41.86 (-16.52%) | 50.14 (29.77%) | 38.64 (243.10%) |
Enterprise Value Over EBIT (EV/EBIT) | 0 (0%) | -1 (0%) | 0 (0%) | -25 |
Enterprise Value Over EBITDA (EV/EBITDA) | 0.26 (126.44%) | -0.99 (-711.73%) | 0.16 (100.50%) | -32.41 |
Asset Turnover | 0.46 (-43.21%) | 0.8 (-27.85%) | 1.11 (-1.68%) | 1.13 (-65.40%) |
Current Ratio | 2.78 (-56.01%) | 6.32 (-19.84%) | 7.88 (29.99%) | 6.07 (376.06%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$13,309,328 (-10.02%) | -$12,097,251 (-64.89%) | -$7,336,710 (-88.69%) | -$3,888,241 (-2155.14%) |
Enterprise Value (EV) | -$2,381,686 (-142.77%) | $5,568,943 (877.16%) | -$716,574 (-103.27%) | $21,900,475 |
Earnings Before Tax (EBT) | -$11,045,971 (-53.58%) | -$7,192,176 (-40.00%) | -$5,137,252 (-408.13%) | -$1,011,009 (-186.33%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$9,078,160 (-61.60%) | -$5,617,636 (-27.11%) | -$4,419,347 (-553.97%) | -$675,777 (-144.89%) |
Invested Capital | $18,015,399 (-22.19%) | $23,153,500 (80.35%) | $12,838,252 (-5.47%) | $13,581,128 (240.92%) |
Working Capital | $6,671,151 (-70.26%) | $22,429,973 (-14.05%) | $26,096,466 (139.02%) | $10,917,926 (2664.91%) |
Tangible Asset Value | $25,887,905 (-35.03%) | $39,846,713 (4.22%) | $38,231,480 (85.60%) | $20,599,184 (357.30%) |
Market Capitalization | $5,236,000 (-61.27%) | $13,518,400 (-22.40%) | $17,421,600 (-37.94%) | $28,070,000 |
Average Equity | $19,620,346 (-24.83%) | $26,102,251 (23.72%) | $21,097,437 (125.65%) | $9,349,775 (1023.47%) |
Average Assets | $31,559,009 (-24.23%) | $41,650,426 (44.90%) | $28,744,213 (106.27%) | $13,935,386 (312.14%) |
Invested Capital Average | $19,232,312 (-11.91%) | $21,831,882 (63.74%) | $13,333,464 (33.00%) | $10,025,536 (272.66%) |
Shares | 952,000 (0.00%) | 952,000 (0.00%) | 952,000 (36.00%) | 700,000 (2.94%) |
