VEEA Chart
About

Veea Inc. provides edge computing and communications devices, applications, and services hosted on its edge Platform-as-a-Service (ePaaS). The company offers Veea Edge Platform ePaaS, an end-to-end platform that is both locally- and cloud-managed. Its VeeaHub products include converged computing and communications indoor and outdoor devices; and a Wi-Fi Access Point for networking and computing solutions for AI-assisted applications and solutions where people, places, and things connect to the network, as well as Linux server with a virtualized software environment, supporting patented secured docker containers, a Wi-Fi Access Point with a mesh router, a firewall, an IoT gateway, NVMe data storage, and 4G/5G modules. The company also offers VeeaWare, an edge operating system and companion tools; and VeeaCloud, a cloud native system that underpins the easy deployment of hardware and software. In addition, it focuses on fixed-line or 5G-based fixed wireless broadband access; and subscription-based managed Wi-Fi for unserved/underserved communities. Additionally, the company provides broadband or Internet connectivity services offered with various edge applications and value-added services, including advanced AI-driven cybersecurity through mobile network operators, multiple system operators, internet service providers, and other managed service providers. It serves climate smart buildings, smart farming with precision agriculture, smart warehouses, and smart retail as cloud-managed converged private networks applications. The company was founded in 2014 and is headquartered in New York, New York.

Fundamentals
Scroll to Statements
Sector Technology Industry Information Technology S Market Cap 29.41M
Enterprise Value 45.51M Income -2.66M Sales 265.59K
Book/sh -0.09 Cash/sh 0.02 Dividend Yield
Payout 0.00% Employees 45 IPO
P/E 1.33 Forward P/E PEG
P/S 110.73 P/B -6.86 P/C
EV/EBITDA -1.64 EV/Sales 171.34 Quick Ratio 0.04
Current Ratio 0.57 Debt/Eq LT Debt/Eq
EPS (ttm) 0.44 EPS next Y EPS Growth
Revenue Growth 185.90% Earnings ROA -47.45%
ROE ROIC Gross Margin 68.46%
Oper. Margin -23.73% Profit Margin 0.00% Shs Outstand 50.41M
Shs Float 12.23M Short Float 0.86% Short Ratio 1.84
Short Interest 52W High 2.60 52W Low 0.38
Beta 0.22 Avg Volume 1.59M Volume 329.73K
Target Price Recom None Prev Close $0.51
Price $0.58 Change 15.50%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
Mean price target
2. Current target
$0.58
Latest analyst target
3. DCF / Fair value
$4.59
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.58
Low
High
Mean
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 23007 38882 Conversion of Exercise of derivative security at price 1.69 per share. SMITH JANICE K Chief Operating Officer 2025-03-13 00:00:00 D
1 23007 38882 Stock Award(Grant) at price 1.69 per share. SMITH JANICE K Chief Operating Officer 2025-03-13 00:00:00 D
2 81116 Stock Award(Grant) at price 0.00 per share. MAINE DOUGLAS LYNN Director 2024-11-11 00:00:00 D
3 81116 Stock Award(Grant) at price 0.00 per share. COHEN GARY A. Director 2024-11-11 00:00:00 D
4 81116 Stock Award(Grant) at price 0.00 per share. ANTUNES HELDER FRAGUEIRO Director 2024-11-11 00:00:00 D
5 25000 75250 Conversion of Exercise of derivative security at price 3.01 per share. SMITH JANICE K Chief Operating Officer 2024-09-17 00:00:00 D
6 4557346 Stock Award(Grant) at price 0.00 per share. ROY KANISHKA Director 2024-09-16 00:00:00 D/I
Financials
Line Item2024-12-312023-12-31
TaxEffectOfUnusualItems0.000.00
TaxRateForCalcs0.000.00
NormalizedEBITDA-27.31M-8.71M
TotalUnusualItems-17.73M0.00
TotalUnusualItemsExcludingGoodwill-17.73M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-47.55M-15.64M
ReconciledDepreciation701.82K1.61M
ReconciledCostOfRevenue83.29K466.80K
EBITDA-45.04M-8.71M
EBIT-45.74M-10.32M
NetInterestIncome-1.81M-5.32M
InterestExpense1.81M5.32M
InterestIncome0.001.94K
NormalizedIncome-29.82M-15.64M
NetIncomeFromContinuingAndDiscontinuedOperation-47.55M-15.64M
TotalExpenses27.93M19.43M
DilutedAverageShares25.26M35.62M
BasicAverageShares25.26M35.62M
DilutedEPS-1.88-0.44
BasicEPS-1.88-0.44
DilutedNIAvailtoComStockholders-47.55M-15.64M
NetIncomeCommonStockholders-47.55M-15.64M
NetIncome-47.55M-15.64M
NetIncomeIncludingNoncontrollingInterests-47.55M-15.64M
NetIncomeContinuousOperations-47.55M-15.64M
PretaxIncome-47.55M-15.64M
OtherIncomeExpense-17.95M38.12K
OtherNonOperatingIncomeExpenses-223.34K38.12K
SpecialIncomeCharges-18.77M0.00
OtherSpecialCharges1.77M
RestructuringAndMergernAcquisition17.00M0.00
GainOnSaleOfSecurity1.04M
NetNonOperatingInterestIncomeExpense-1.81M-5.32M
InterestExpenseNonOperating1.81M5.32M
InterestIncomeNonOperating0.001.94K
OperatingIncome-27.79M-10.36M
OperatingExpense27.85M18.97M
OtherTaxes-1.25M0.00
DepreciationAmortizationDepletionIncomeStatement273.77K818.20K
DepreciationAndAmortizationInIncomeStatement273.77K818.20K
ResearchAndDevelopment1.37M693.45K
SellingGeneralAndAdministration27.45M17.45M
SellingAndMarketingExpense811.54K215.33K
GeneralAndAdministrativeExpense26.64M17.24M
OtherGandA26.64M17.24M
GrossProfit58.47K8.61M
CostOfRevenue83.29K466.80K
TotalRevenue141.76K9.07M
OperatingRevenue141.76K9.07M
Line Item2024-12-312023-12-31
OrdinarySharesNumber36.20M35.62M
ShareIssued36.20M35.62M
NetDebt11.11M15.59M
TotalDebt12.92M22.16M
TangibleBookValue-22.54M-16.89M
InvestedCapital-4.23M10.13M
WorkingCapital-5.26M-18.23M
NetTangibleAssets-22.54M-16.89M
CapitalLeaseObligations121.58K565.27K
CommonStockEquity-17.02M-11.47M
TotalCapitalization-16.93M-11.47M
TotalEquityGrossMinorityInterest-17.02M-11.47M
StockholdersEquity-17.02M-11.47M
GainsLossesNotAffectingRetainedEarnings135.39K-661.35K
OtherEquityAdjustments135.39K-661.35K
RetainedEarnings-217.83M-170.28M
AdditionalPaidInCapital200.67M159.48M
CapitalStock3.62K1.96K
CommonStock3.62K1.96K
PreferredStock0.000.00
TotalLiabilitiesNetMinorityInterest38.12M32.30M
TotalNonCurrentLiabilitiesNetMinorityInterest17.98M119.42K
OtherNonCurrentLiabilities15.56M
DerivativeProductLiabilities841.00K0.00
TradeandOtherPayablesNonCurrent1.48M0.00
LongTermDebtAndCapitalLeaseObligation97.32K119.42K
LongTermCapitalLeaseObligation0.00119.42K
LongTermDebt97.32K
CurrentLiabilities20.14M32.19M
OtherCurrentLiabilities692.57K2.39M
CurrentDeferredLiabilities204.44K0.00
CurrentDebtAndCapitalLeaseObligation12.82M22.04M
CurrentCapitalLeaseObligation121.58K445.85K
CurrentDebt12.70M21.60M
OtherCurrentBorrowings12.60M
LineOfCredit12.70M9.00M
PayablesAndAccruedExpenses6.62M7.75M
CurrentAccruedExpenses1.47M3.37M
InterestPayable0.002.27M
Payables5.15M4.38M
OtherPayable204.44K
DuetoRelatedPartiesCurrent3.66M3.30M
AccountsPayable1.29M1.08M
TotalAssets21.09M20.84M
TotalNonCurrentAssets6.17M13.53M
NonCurrentPrepaidAssets85.50K85.59K
InvestmentsAndAdvances235.60K451.87K
GoodwillAndOtherIntangibleAssets5.52M5.43M
OtherIntangibleAssets741.08K628.48K
Goodwill4.78M4.80M
NetPPE327.99K7.57M
AccumulatedDepreciation-1.21M-997.94K
GrossPPE1.54M8.57M
Leases390.74K390.74K
OtherProperties117.36K545.41K
MachineryFurnitureEquipment1.03M7.63M
Properties0.000.00
CurrentAssets14.88M13.95M
OtherCurrentAssets712.00
PrepaidAssets5.65M513.67K
Inventory7.46M7.38M
InventoriesAdjustmentsAllowances-904.65K-1.15M
OtherInventories8.36M8.52M
Receivables84.66K52.84K
AccountsReceivable84.66K52.84K
CashCashEquivalentsAndShortTermInvestments1.69M6.01M
CashAndCashEquivalents1.69M6.01M
CashFinancial1.69M6.01M
Line Item2024-12-312023-12-31
FreeCashFlow-25.86M-12.81M
RepaymentOfDebt0.00-10.98M
IssuanceOfDebt10.44M10.25M
IssuanceOfCapitalStock11.06M17.26M
CapitalExpenditure-265.44K-155.05K
InterestPaidSupplementalData504.43K892.34K
EndCashPosition1.69M6.01M
BeginningCashPosition6.01M185.88K
EffectOfExchangeRateChanges-36.74K58.18K
ChangesInCash-4.29M5.77M
FinancingCashFlow21.57M18.57M
CashFlowFromContinuingFinancingActivities21.58M18.57M
NetOtherFinancingCharges-7.74K2.05M
ProceedsFromStockOptionExercised79.48K4.00
NetCommonStockIssuance11.06M17.26M
CommonStockIssuance11.06M17.26M
NetIssuancePaymentsOfDebt10.44M-731.61K
NetLongTermDebtIssuance10.44M-731.61K
LongTermDebtPayments0.00-10.98M
LongTermDebtIssuance10.44M10.25M
InvestingCashFlow-265.44K-155.05K
CashFlowFromContinuingInvestingActivities-265.44K-155.05K
NetIntangiblesPurchaseAndSale-219.24K-120.09K
PurchaseOfIntangibles-219.24K-120.09K
NetPPEPurchaseAndSale-46.20K-34.97K
PurchaseOfPPE-46.20K-34.97K
OperatingCashFlow-25.60M-12.65M
CashFlowFromContinuingOperatingActivities-25.60M-12.65M
ChangeInWorkingCapital-4.21M-417.24K
ChangeInOtherWorkingCapital12.18K
ChangeInPayablesAndAccruedExpense1.53M135.09K
ChangeInAccruedExpense1.18M1.73M
ChangeInInterestPayable0.001.39M
ChangeInPayable341.91K-1.59M
ChangeInAccountPayable341.91K-1.59M
ChangeInPrepaidAssets-5.06M-388.67K
ChangeInInventory-639.34K-147.98K
ChangeInReceivables-31.78K-27.84K
ChangesInAccountReceivables-31.78K-27.84K
OtherNonCashItems18.29M2.15M
StockBasedCompensation6.70M484.58K
ProvisionandWriteOffofAssets551.49K320.33K
AssetImpairmentCharge216.28K174.07K
DepreciationAmortizationDepletion701.82K1.61M
DepreciationAndAmortization701.82K1.61M
Depreciation701.82K1.61M
OperatingGainsLosses-299.21K-1.33M
GainLossOnInvestmentSecurities-1.04M
NetForeignCurrencyExchangeGainLoss741.84K-1.33M
NetIncomeFromContinuingOperations-47.55M-15.64M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for VEEA
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status