See more : Atlas Arteria Limited (ALX.AX) Income Statement Analysis – Financial Results
Complete financial analysis of Volcon, Inc. (VLCN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Volcon, Inc., a leading company in the Auto – Manufacturers industry within the Consumer Cyclical sector.
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Volcon, Inc. (VLCN)
About Volcon, Inc.
Volcon, Inc. develops, manufactures, and sells electric off road powersport vehicles in the United States and Latin America. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications. The company was formerly known as Frog ePowersports, Inc. and changed its name to Volcon, Inc. in October 2020. Volcon, Inc. was incorporated in 2020 and is headquartered in Round Rock, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue | 3.26M | 4.55M | 448.82K | 0.00 |
| Cost of Revenue | 11.39M | 13.41M | 10.51M | 2.52K |
| Gross Profit | -8.13M | -8.87M | -10.06M | -2.52K |
| Gross Profit Ratio | -249.31% | -195.00% | -2,241.13% | 0.00% |
| Research & Development | 7.87M | 8.46M | 10.47M | 407.76K |
| General & Administrative | 6.39M | 9.05M | 15.78M | 999.93K |
| Selling & Marketing | 7.41M | 5.69M | 2.87M | 150.90K |
| SG&A | 13.79M | 14.74M | 18.66M | 956.51K |
| Other Expenses | 0.00 | 87.77K | -854.02K | 0.00 |
| Operating Expenses | 21.66M | 23.20M | 29.12M | 1.36M |
| Cost & Expenses | 33.05M | 36.61M | 39.63M | 1.37M |
| Interest Income | 0.00 | 2.26M | 91.24K | 9.15K |
| Interest Expense | 4.97M | 2.26M | 91.24K | 7.62K |
| Depreciation & Amortization | 618.98K | 1.19M | 585.62K | 2.52K |
| EBITDA | -39.48M | -30.78M | -39.45M | -1.36M |
| EBITDA Ratio | -1,210.76% | -677.03% | -8,789.34% | 0.00% |
| Operating Income | -29.79M | -32.06M | -39.18M | -1.37M |
| Operating Income Ratio | -913.61% | -705.21% | -8,729.54% | 0.00% |
| Total Other Income/Expenses | -15.28M | -2.17M | -945.26K | -7.62K |
| Income Before Tax | -45.07M | -34.24M | -40.13M | -1.37M |
| Income Before Tax Ratio | -1,382.13% | -752.97% | -8,940.15% | 0.00% |
| Income Tax Expense | 0.00 | 2.17M | -762.78K | -2.00 |
| Net Income | -45.07M | -36.41M | -39.36M | -1.37M |
| Net Income Ratio | -1,382.13% | -800.74% | -8,770.20% | 0.00% |
| EPS | -35.02K | -335.36 | -511.67 | -12.87 |
| EPS Diluted | -35.02K | -335.36 | -511.67 | -12.87 |
| Weighted Avg Shares Out | 1.29K | 108.56K | 76.93K | 106.78K |
| Weighted Avg Shares Out (Dil) | 1.29K | 108.56K | 76.93K | 106.78K |
Volcon Announces Reverse Stock Split
AUSTIN, TX / ACCESSWIRE / November 7, 2024 / Volcon Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, today announced that it filed an amendment to its amended and restated certificate of incorporation with the Secretary...
Volcon CEO John Kim provides a UTV product roadmap update
AUSTIN, Texas, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Volcon ePowersports (NASDAQ: VLCN) is pleased to share a company update video featuring CEO John Kim discussing updates around the latest product lineup.
Volcon CEO John Kim Shares Important Company Update
AUSTIN, Texas, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Volcon ePowersports (NASDAQ: VLCN) is pleased to announce that CEO John Kim has released a video update addressing some developments within the company.
Production Powers-Up: Volcon ePowersports Announces Launch of HF1 Electric UTV
AUSTIN, TX / ACCESSWIRE / September 23, 2024 / Volcon Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, is proud to announce the launch and first production run of the HF1 Electric UTV. The HF1 is...
Volcon ePowersports Reports Second Quarter 2024 Operational and Financial Results
AUSTIN, TX / ACCESSWIRE / August 6, 2024 / Volcon Inc. (NASDAQ:VLCN) ("Volcon'', the "Company" or "we"), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for the quarter ended June 30, 2024. Company Highlights:...
6 Month Volcon CEO Update
AUSTIN, TX / ACCESSWIRE / August 5, 2024 / Volcon Inc. (NASDAQ:VLCN) ("Volcon" or the "Company"), the first all-electric, off-road powersports company posted a video to its website providing an update on the Company's progress over the last six months....
Volcon Announces It Has Regained Compliance with Nasdaq's Listing Rules
AUSTIN, TX / ACCESSWIRE / July 18, 2024 / Volcon Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, today announced that it was notified by Nasdaq's Hearing Panel that it has regained compliance with Nasdaq's listing...
Volcon Announces Closing of $12 Million Registered Direct Offering Priced At-The-Market
AUSTIN, TX / ACCESSWIRE / July 12, 2024 / Volcon Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, today announced the closing of its previously announced securities purchase agreements with certain institutional investors for the purchase...
Volcon Announces Pricing of $12 Million Registered Direct Offering Priced At-The-Market
AUSTIN, TX / ACCESSWIRE / July 11, 2024 / Volcon Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and...
Why Is Volcon (VLCN) Stock Up 85% Today?
Volcon (NASDAQ: VLCN ) stock is up on Thursday after investor UBS Group AG (NYSE: UBS ) traded the electric vehicle (EV) company's shares recently. A filing with the Securities and Exchange Commission (SEC) reveals that UBS bought and sold hundreds of...
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Category: Stock Reports