VEL Stock Income Statements
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Quarterly Income Statements
Quarterly
|
Annual
| Unit: USD | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 93,693,000 | 39,826,000 | 35,077,000 | 33,083,000 | 28,423,000 | 24,042,000 | 26,058,000 | 14,551,000 | 21,369,000 | 20,439,000 | 20,613,000 | 13,459,000 | 20,928,000 | 16,295,000 | 13,579,000 | 14,828,000 | 16,258,000 | 12,541,000 | 11,878,000 | 13,586,000 | 10,689,000 | 11,879,000 | 11,939,000 |
| cost of revenue | 8,100,000 | 3,853,000 | 3,407,000 | 4,477,000 | 12,734,000 | 1,961,000 | 3,374,000 | 3,115,000 | 0 | 3,810,000 | 3,387,000 | 3,031,000 | 1,754,000 | 2,954,000 | 1,754,000 | 3,587,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| gross profit | 85,593,000 | 35,973,000 | 31,670,000 | 28,606,000 | 15,689,000 | 22,081,000 | 22,684,000 | 11,436,000 | 21,369,000 | 16,629,000 | 17,226,000 | 10,428,000 | 19,174,000 | 13,341,000 | 11,825,000 | 11,241,000 | 16,258,000 | 12,541,000 | 11,878,000 | 13,586,000 | 10,689,000 | 11,879,000 | 11,939,000 |
| operating expenses | |||||||||||||||||||||||
| research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| sales, general and administrative | |||||||||||||||||||||||
| total operating expenses | 3,638,000 | 23,481,000 | 18,815,000 | 17,041,000 | 45,390,000 | 12,727,000 | 14,279,000 | 30,056,000 | 29,241,000 | 7,488,000 | 7,263,000 | 7,586,000 | 45,570 | 8,911,000 | 12,040,000 | 8,463,000 | 35,122,000 | 18,804,000 | 16,778,000 | 15,430,000 | 13,868,000 | 12,723,000 | 12,033,000 |
| operating income | 81,955,000 | 17,360,000 | 14,037,000 | 56,786,000 | 27,448,000 | 52,314,000 | 47,598,000 | 44,607,000 | 39,505,000 | 339,000 | 2,432,000 | 2,801,000 | 6,320,000 | -11,865,000 | -10,908,000 | 1,620,000 | 2,649,000 | 31,345,000 | 28,656,000 | 29,016,000 | 24,557,000 | 24,602,000 | 23,972,000 |
| net income | 17,355,000 | 12,086,000 | 12,183,000 | 10,649,000 | 8,462,000 | 9,983,000 | 10,645,000 | 3,121,000 | 8,353,000 | 8,022,000 | 9,453,000 | 3,396,000 | 9,576,000 | 3,481,000 | 2,141,000 | 2,579,000 | 5,182,000 | 3,880,000 | 3,535,000 | 4,695,000 | 1,955,000 | 3,318,000 | 4,320,000 |