See more : Trencor Limited (TRE.JO) 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 |
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VLCN Stock: Why The Price Surged
The stock price of Volcon Inc (NASDAQ: VLCN) increased by 19.46% yesterday. This is why it happened.
Volcon Stock Gains On Plan To Expand Into Mexico, Costa Rica, Paraguay
Volcon Inc (NASDAQ:VLCN) has revealed its expansion into Mexico, Costa Rica, and Paraguay. Volcon vehicles and accessories will be sold globally in a planned three-phase rollout to include Latin America in 2021, Canada, Europe, and Africa in 2022, Southeast Asia, and Australia in...
VLCN Stock: Why The Price Increased This Week
The stock price of Volcon Inc (NASDAQ: VLCN) increased by over 4% this past week. This is why it happened.
Volcon Partners With Martin Technologies For UTV Production
Volcon Inc (NASDAQ:VLCN) has partnered with Martin Technologies for its electric side-by-side UTV, the Stag. Martin Technologies will provide chassis and peripheral component development for the all-electric UTV, including power electronics systems, vehicle integration methodologies, and new eSPDM Smart Wiring Technology.
Volcon Partners with Tier One Design Firm that Services Jeep, Dodge, Ford, GM, Nissan, and Toyota
Accelerating Volcon's Side-By-Side UTV Production Which Is Set to Launch in 2022 AUSTIN, TX / ACCESSWIRE / October 18, 2021 / Volcon Inc. (NASDAQ:VLCN), the first all-electric, off-road powersports company, today announced that it has partnered with Martin Technologies as...
VLCN Stock: Why It Increased Today
The stock price of Volcon Inc (NASDAQ: VLCN) increased by over 6% today. This is why it happened.
Volcon ePowersports Announces $4,200,000 in Reservations and $1,700,000 in Potential Orders for Its Fat-tire Grunt Motorcycle and Begins Shipments to Customers
Volcon celebrates first customer shipments of Grunt two-wheeled model Volcon working to fulfill order queue Plans to commence roll out of nationwide dealership network beginning Q4 of 2021 AUSTIN, TX / ACCESSWIRE / October 11, 2021 / Volcon Inc. (NASDAQ:VLCN),...
BRP Inc. Produces A Lot Of Cash, And Can Invest It Profitably
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Volcon: An Interesting IPO, But Enters Automotive Manufacturing At A Potentially Difficult Juncture
Volcon: An Interesting IPO, But Enters Automotive Manufacturing At A Potentially Difficult Juncture
Source: https://incomestatements.info
Category: Stock Reports