See more : Taekyung Industry.Co., Ltd. (015890.KS) 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 |
Why Is Volcon (VLCN) Stock Up 60% Today?
Volcon (NASDAQ: VLCN ) stock is rocketing higher on Tuesday alongside heavy pre-market trading of the electric off-road powersport vehicles company's shares this morning. This has more than 2 million shares of the stock traded as of this writing.
Volcon Announces Reverse Stock Split
AUSTIN, TX / ACCESSWIRE / June 5, 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 ePowersports Reports First Quarter 2024 Operational and Financial Results
AUSTIN, Texas, May 07, 2024 (GLOBE NEWSWIRE) -- 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 March 31, 2024 Company Highlights:...
Volcon ePowersports Reports First Quarter 2024 Operational and Financial Results
AUSTIN, TX / ACCESSWIRE / May 7, 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 March 31, 2024. Company Highlights:...
Volcon ePowersports Reports 2023 Operational and Financial Results
AUSTIN, Texas, March 28, 2024 (GLOBE NEWSWIRE) -- 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 year ended December 31, 2023. Company Highlights:...
Volcon ePowersports Reports 2023 Operational and Financial Results
AUSTIN, TX / ACCESSWIRE / March 28, 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 year ended December 31, 2023. Company Highlights:...
Shorts prevail as SunPower, Volcon, Upstart (UPST) stocks plunge
Short-sellers have lost a fortune this year as American equities have continued soaring. The Nasdaq 100 and S&P 500 indices have surged to a record high and analysts expect that this trend may continue this year.
Volcon stock price forecast: is VLCN too cheap to ignore?
Volcon (NASDAQ: VLCN) stock price has seen elevated volatility this week after the company published a statement on its Volcon Stag project. The stock initially surged to $2.38, 195% above its lowest level this year.
Why Is Volcon (VLCN) Stock Up 51% Today?
Volcon (NASDAQ: VLCN ) stock is taking off on Thursday as shares of the electric powersport vehicles company experience heavy trading this morning. This has more than 16 million shares of VLCN stock changing hands during pre-market hours today.
Volcon ePowersports Releases New Video of First Stag Units at Headquarters
AUSTIN, Texas, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company posted a video to its website receiving the first two Stag production units at its headquarters in Round...
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Category: Stock Reports