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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 Releases Second Production Update Video
AUSTIN, Texas, Feb. 16, 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 providing an update on the Stag launch. A link to the video...
Volcon Provides Video to Update Stag Launch
AUSTIN, Texas, Feb. 12, 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 providing an update on the Stag launch. A link to the video...
Volcon Hires Veteran Entrepreneur to Restructure the Organization in Advance of the Stag Launch
AUSTIN, Texas, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company announces that John Kim has been appointed Chief Executive Officer. Kim has served on Volcon's Board of Directors...
Volcon Announces Reverse Stock Split
AUSTIN, TX / ACCESSWIRE / January 31, 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...
Why Is Volcon (VLCN) Stock Up 59% Today?
Volcon (NASDAQ: VLCN ) stock is on the rise Friday after Empery Asset Management, LP took a stake in the electric powersport vehicle company. A filing with the Securities and Exchange Commission (SEC) reveals that Empery Asset Management, LP 9.99% stake...
Volcon's stock rockets toward record gain on record volume, in wake of EV maker's update on supply chain issues
Shares of Volcon Inc. VLCN, +72.93% rocketed 88.9% in very active trading Tuesday, putting them on track for a record one-day gain. Trading volume ballooned to an already full-day record of 93.3 million shares, enough to make the all-electric off-roading...
Volcon ePowersports Operational Update for December 2023
AUSTIN, Texas, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, shared operational updates today, including sales growth and an expansion of its distribution network during the holiday shopping...
Volcon ePowersports Welcomes Doug Cline as Director of Sales for the United States
AUSTIN, Texas, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) ("Volcon" or the "Company"), the first all-electric, off-road powersports company, announces the appointment of Doug Cline as the new Director of Sales for the United States. With over...
Aegis Capital Corp. acted as Sole Bookrunner on a $18.0 Million Underwritten Public Offering for Volcon, Inc. (NASDAQ: VLCN)
NEW YORK, NY / ACCESSWIRE / November 20, 2023 / Aegis Capital Corp. acted as Sole Bookrunner on a $18.0 Million Underwritten Public Offering for Volcon, Inc. (NASDAQ:VLCN). About Volcon, Inc. Based in the Austin, Texas area, Volcon was founded...
Volcon ePowersports Completes an Underwritten Public Offering to Fund Delivery of the Stag and Support 2024 Operations
AUSTIN, TX / ACCESSWIRE / November 20, 2023 / As previously announced on November 17, 2023, Volcon, Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, announced today the closing of a firm commitment underwritten public offering....
Source: https://incomestatements.info
Category: Stock Reports