PEVM (PEVM) financial statements
PEVM reported revenue of $31M in fiscal 2024, up 118.7% a year over 3 years.
Net income was $8M and the operating margin -99.4%, against -480.8% in 2021.
Free cash flow was -$2M.
The diluted share count rose 109% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PEVM's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | $3M | $4M | $3M | $31M |
| Cost of revenue | $4M | $4M | $3M | $24M |
| Gross profit | -$563,000 | $820,000 | -$276,000 | $7M |
| Selling, general and admin | $14M | $14M | $15M | $34M |
| Operating income | -$14M | -$13M | -$21M | -$31M |
| Interest expense | — | $0 | $147,000 | $130,000 |
| Pre-tax income | -$15M | -$13M | -$21M | $11M |
| Income tax | $11,000 | $9,000 | $22,000 | $3M |
| Net income | -$15M | -$13M | -$21M | $8M |
| EPS (diluted) | -$4.20 | -$3.25 | -$4.85 | $1.05 |
| Diluted shares | 4M | 4M | 4M | 7M |
| Gross margin | -18.9% | 18.9% | -8.8% | 22.6% |
| Operating margin | -480.8% | -303.7% | -656.8% | -99.4% |
| Net margin | -490.9% | -293.4% | -661.3% | 25.5% |
Balance sheet
Fiscal years, from PEVM's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Cash and short-term investments | $3M | $139,000 | $31,000 | $764,000 |
| Receivables | $1M | $2M | $451,000 | $4M |
| Inventory | $2M | $5M | $2M | $41M |
| Total current assets | $7M | $8M | $6M | $52M |
| Property, plant and equipment | $2M | $2M | $1M | $4M |
| Goodwill | $4M | $4M | $4M | — |
| Total assets | $15M | $20M | $12M | $58M |
| Total current liabilities | $4M | $5M | $11M | $26M |
| Long-term debt | $756,000 | $147,000 | $144,000 | $138,000 |
| Total liabilities | $5M | $8M | $16M | $47M |
| Shareholders' equity | $10M | $12M | -$5M | $10M |
| Net debt | -$2M | $11,000 | $118,000 | -$623,000 |
Cash flow
Fiscal years, from PEVM's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating cash flow | -$13M | -$15M | -$4M | -$2M |
| Capital spending | $638,000 | $1M | $93,000 | $113,000 |
| Free cash flow | -$14M | -$16M | -$4M | -$2M |
| Stock-based compensation | $52,000 | $1M | $38,000 | $73,000 |
| Net borrowing | $561,000 | -$30,000 | $960,000 | $41,000 |
| Free cash flow margin | -456.1% | -373.0% | -120.0% | -6.6% |
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Open PEVM in InvestinglyQuestions
What was PEVM's revenue in 2024?
$31M in fiscal 2024, from its 10-K filing.
How much free cash flow does PEVM generate?
-$2M in fiscal 2024 (operating cash flow minus capital spending).
From PEVM's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.