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Veea Inc. (VEEAW) 10-Year Financial Performance & Capital Metrics

VEEAW • • Industrial / General
TechnologyIT ServicesIoT & Emerging Technology SolutionsIoT & Smart Solutions
AboutVeea Inc. provides computing, multiaccess multiprotocol communications, edge storage, and cybersecurity solutions. The company offers multiaccess edge computing (MEC) platform that redefines connectivity and computing at the edge by integrating functions of servers, network attached storage (NAS), routers, firewalls, Wi-Fi Access Points, IoT gateways, and 4G and 5G connections; and Veea Edge Platform enables direct connections from the optical fiber, cellular, and satellite networks. It also provides VeeaHub STAX, an edge computing product integrated with wireless access, including Wi-Fi 6; VeeaHub that offers connectivity options for pro indoor smart edge applications; and VeeaHub Outdoor that integrates with wireless connectivity for smart edge applications in outdoor and industrial environments. The company also offers TROLLEE, a smart shopping cart platform; the VeeaHub toolkit; and Veea AdEdge, an advertising platform. Veea Inc. was founded in 2014 and is headquartered in New York, New York.Show more
  • Revenue $142K -98.4%
  • EBITDA -$27M -209.6%
  • Net Income -$48M -204.0%
  • EPS (Diluted) -1.88 -291.7%
  • Gross Margin 41.25% -56.5%
  • EBITDA Margin -19106.9% -19713.9%
  • Operating Margin -19601.98% -17065.5%
  • Net Margin -33541.03% -19357.5%
  • ROE -
  • ROIC -
  • Debt/Equity -
  • Interest Coverage -15.37 -689.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Share count reduced 22.5% through buybacks

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM167.69%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM93.79%

EPS CAGR

10Y-
5Y-
3Y-
TTM108.29%

ROCE

10Y Avg-727.58%
5Y Avg-727.58%
3Y Avg-969.81%
Latest-2901.44%

Peer Comparison

IoT & Smart Solutions
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Per Share
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
VRRMVerra Mobility Corporation3.65B22.88120.427.57%5.42%12.67%4.18%4.02
LZMHLZ Technology Holdings Limited Class B Ordinary Shares173.62M1.342.3944.64%0.67%8.59%2.49%0.52
VEEAWVeea Inc.0.07-0.04-98.44%-10.03%
ARBBARB IOT Group Limited10.77M6.10-0.20-75.97%-23.28%-25.63%100%0.00
VEEAVeea Inc.25.33M0.51-0.27-98.44%-10.03%
LHSWLianhe Sowell International Group Ltd Ordinary Shares40.56M0.78-0.16%8.55%32.04%0.23

Profit & Loss

Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+009.07M141.76K
Revenue Growth %----0.98%
Cost of Goods Sold+00466.8K83.29K
COGS % of Revenue--0.05%0.59%
Gross Profit+008.61M58.47K
Gross Margin %--0.95%0.41%
Gross Profit Growth %----0.99%
Operating Expenses+2.92M4.07M18.97M27.85M
OpEx % of Revenue--2.09%196.43%
Selling, General & Admin2.92M4.07M17.45M27.45M
SG&A % of Revenue--1.92%193.64%
Research & Development00693.45K1.37M
R&D % of Revenue--0.08%9.69%
Other Operating Expenses00818.2K-977.47K
Operating Income+-2.92M-4.07M-10.36M-27.79M
Operating Margin %---1.14%-196.02%
Operating Income Growth %--0.4%-1.54%-1.68%
EBITDA+6.59M10.58M-8.75M-27.09M
EBITDA Margin %---0.96%-191.07%
EBITDA Growth %-0.6%-1.83%-2.1%
D&A (Non-Cash Add-back)001.61M701.82K
EBIT6.59M10.58M-10.32M-45.74M
Net Interest Income+16.26K4.68M-5.32M-1.81M
Interest Income16.26K4.68M1.94K0
Interest Expense005.32M1.81M
Other Income/Expense9.51M14.65M-5.28M-19.76M
Pretax Income+6.59M10.58M-15.64M-47.55M
Pretax Margin %---1.72%-335.41%
Income Tax+0000
Effective Tax Rate %1%1%1%1%
Net Income+6.59M10.58M-15.64M-47.55M
Net Margin %---1.72%-335.41%
Net Income Growth %-0.6%-2.48%-2.04%
Net Income (Continuing)6.59M10.58M-15.64M-47.55M
Discontinued Operations0000
Minority Interest0000
EPS (Diluted)+0.170.27-0.48-1.88
EPS Growth %-0.59%-2.78%-2.92%
EPS (Basic)0.170.27-0.48-1.88
Diluted Shares Outstanding39.9M39.9M32.58M25.26M
Basic Shares Outstanding39.9M39.9M32.58M25.26M
Dividend Payout Ratio----

Balance Sheet

Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+450.85K130.03K13.95M14.88M
Cash & Short-Term Investments107.22K86.4K6.01M1.69M
Cash Only107.22K86.4K6.01M1.69M
Short-Term Investments0000
Accounts Receivable0052.84K84.66K
Days Sales Outstanding--2.13217.97
Inventory007.38M7.46M
Days Inventory Outstanding--5.77K32.69K
Other Current Assets000712
Total Non-Current Assets+319.28M323.91M13.53M6.17M
Property, Plant & Equipment007.57M327.99K
Fixed Asset Turnover--1.20x0.43x
Goodwill004.8M4.78M
Intangible Assets00628.48K741.08K
Long-Term Investments319.23M323.91M451.87K235.6K
Other Non-Current Assets48.8K085.59K85.5K
Total Assets+319.73M324.04M20.84M21.09M
Asset Turnover--0.44x0.01x
Asset Growth %-0.01%-0.94%0.01%
Total Current Liabilities+1.17M3.88M32.19M20.14M
Accounts Payable001.08M1.29M
Days Payables Outstanding--842.835.66K
Short-Term Debt01M21.6M12.7M
Deferred Revenue (Current)0000
Other Current Liabilities1.17M2.88M2.39M897.02K
Current Ratio0.39x0.03x0.43x0.74x
Quick Ratio0.39x0.03x0.20x0.37x
Cash Conversion Cycle--4.93K27.25K
Total Non-Current Liabilities+20.53M11.55M119.42K17.98M
Long-Term Debt00097.32K
Capital Lease Obligations00119.42K0
Deferred Tax Liabilities0000
Other Non-Current Liabilities20.53M11.55M017.88M
Total Liabilities21.7M15.43M32.3M38.12M
Total Debt+01M22.16M12.92M
Net Debt-107.22K913.6K16.15M11.23M
Debt / Equity-0.00x--
Debt / EBITDA-0.09x--
Net Debt / EBITDA-0.02x0.09x--
Interest Coverage---1.95x-15.37x
Total Equity+298.04M308.61M-11.47M-17.02M
Equity Growth %-0.04%-1.04%-0.48%
Book Value per Share7.477.73-0.35-0.67
Total Shareholders' Equity298.04M308.61M-11.47M-17.02M
Common Stock319.22M323.91M1.96K3.62K
Retained Earnings-21.18M-15.3M-170.28M-217.83M
Treasury Stock0000
Accumulated OCI00-661.35K135.39K
Minority Interest0000

Cash Flow

Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-2.14M-1.02M-12.65M-25.6M
Operating CF Margin %---1.39%-180.55%
Operating CF Growth %-0.52%-11.39%-1.02%
Net Income6.59M10.58M-15.64M-47.55M
Depreciation & Amortization001.61M701.82K
Stock-Based Compensation00484.58K6.7M
Deferred Taxes0000
Other Non-Cash Items-9.51M-13.65M1.31M18.76M
Working Capital Changes778.51K2.05M-417.24K-4.21M
Change in Receivables00-27.84K-31.78K
Change in Inventory00-147.98K-639.34K
Change in Payables00-1.59M341.91K
Cash from Investing+-319.22M0-155.05K-265.44K
Capital Expenditures00-34.97K-46.2K
CapEx % of Revenue--0%0.33%
Acquisitions----
Investments----
Other Investing00-120.09K-219.24K
Cash from Financing+321.46M1M18.57M21.57M
Debt Issued (Net)----
Equity Issued (Net)----
Dividends Paid0000
Share Repurchases----
Other Financing002.05M71.74K
Net Change in Cash----
Free Cash Flow+-2.14M-1.02M-12.81M-25.86M
FCF Margin %---1.41%-182.42%
FCF Growth %-0.52%-11.55%-1.02%
FCF per Share-0.05-0.03-0.39-1.02
FCF Conversion (FCF/Net Income)-0.32x-0.10x0.81x0.54x
Interest Paid00892.34K504.43K
Taxes Paid0000

Key Ratios

Metric2021202220232024
Return on Equity (ROE)2.21%3.49%-10.53%-
Return on Invested Capital (ROIC)--1.01%-4.95%-
Gross Margin--94.85%41.25%
Net Margin---172.38%-33541.03%
Debt / Equity-0.00x--
Interest Coverage---1.95x-15.37x
FCF Conversion-0.32x-0.10x0.81x0.54x
Revenue Growth----98.44%

Frequently Asked Questions

Growth & Financials

Veea Inc. (VEEAW) reported $0.3M in revenue for fiscal year 2024.

Veea Inc. (VEEAW) saw revenue decline by 98.4% over the past year.

Veea Inc. (VEEAW) reported a net loss of $2.7M for fiscal year 2024.

Dividend & Returns

Veea Inc. (VEEAW) had negative free cash flow of $17.5M in fiscal year 2024, likely due to heavy capital investments.

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