See more : Manulife Financial Corp (MFC-PB.TO) 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 ePowersports Reports Second Quarter 2023 Operational and Financial Results
AUSTIN, Texas, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon'' or the “Company”), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for the second quarter of 2023.
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Volcon (NASDAQ: VLCN ) stock is taking a beating on Monday after the all-electric powersports company announced a public equity offering. Volcon is intending to offer securities as part of a firm commitment underwritten public offering.
Volcon & GLV Award ElectraMeccanica Additional Assembly Contract for Fully Electric STAG at EMV’s Mesa, AZ Facility
AUSTIN, Texas & MESA, Ariz.--(BUSINESS WIRE)--Volcon Inc. (NASDAQ: VLCN) (“Volcon”), the first all-electric, off-road powersports company, and ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today jointly announced that ElectraMeccanica...
Volcon, GLV and ElectraMeccanica Announce Assembly Agreement Utilizing ElectraMeccanica’s Mesa, AZ Facility
AUSTIN, Texas & MESA, Ariz.--(BUSINESS WIRE)--Volcon Inc. (NASDAQ: VLCN) (“Volcon''), the first all-electric, off-road powersports company, and ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today jointly announced that Volcon’s...
Volcon to Participate and Feature Off-Road Electric Vehicles at Roth Investor Conference
AUSTIN, Texas, March 07, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced today the Company will be showcasing their vehicles at the 35th Annual Roth Conference, to be held...
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Why Is Volcon (VLCN) Stock Up 56% Today?
Source: Shutterstock Volcon (NASDAQ: VLCN ) stock is rocketing higher on Friday after the electric vehicle (EV) company revealed massive pre-production orders for its Stag. The Stag is the first EV being made by Volcon.
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