Veea Inc.

Veea Inc.

VEEA · NASDAQ · Technology / Information Technology Services

4.49USD+0.25 (+5.90%)

Price History

Full chart

Market Stats

Previous Close4.24
Open4.12
Day Range4.00 – 4.50
52-Week Range1.34 – 18.67
Volume41.66K
Market Cap8.90M
P/E (TTM)0.00
Forward P/E0.00
EPS-4.68
Dividend Yield0.00%
Beta0.29
50-Day Avg2.92
200-Day Avg8.54

About

Veea Inc., an AI-driven edge infrastructure company, develops edge computing devices and products. The company offers VeeaHub products, a typical Wi-Fi Access Point for indoor and outdoor coverage and are both locally- and cloud-managed; and 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. It also provides SecureConnect Service Platform, which enable the service providers to deliver an all-in-one solution, with a compact model of VeeaHub product; AirLynx Service Platform, a solution delivered through VeeaONE platform for service providers to offer turnkey subscription-based cellular-like Wi-Fi and IoT service coverage, with edge applications; VeeaONE IoT Platform, a powerful IoT capability with Edge AI; Niagara Building and Energy Management Systems, a platform solutions for process automation and commercial building industry; VeeaWare, a full-stack software is designed to be hardware platform agnostic; and VeeaONE platform, a VeeaCloud, provides for the servers, user interfaces and services. In addition, the company focuses on fixed-line or 5G-based fixed wireless broadband access; and subscription-based managed Wi-Fi for unserved/underserved communities. Further, it 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. Veea Inc. has strategic partnership with TROLLEE Holdings Ltd. to deliver a highly advanced ai-powered autonomous retail ecosystem. Veea Inc. was founded in 2014 and is headquartered in New York, New York.

Company Details

  • SectorTechnology
  • IndustryInformation Technology Services
  • CEOMr. Allen B. Salmasi Ph.D.
  • Employees45
  • Headquarters164 East 83rd Street, New York, NY, United States, 10028, USA
  • Websitehttps://www.veea.com

Leadership

  • Mr. Allen B. Salmasi Ph.D.Co-Founder, Chairman & CEO · b. 1954
  • Mr. Michael SalmasiCo-Founder & Director · b. 1990
  • Ms. Janice K. Smith J.D.Senior Operations Advisor · b. 1962
  • Mr. Mark K. TubinisExecutive VP · b. 1959
  • Mr. Helder F. AntunesExecutive VP, Chief Revenue Officer & Director · b. 1964
  • Mr. Greg DeisherActing CFO, Executive VP & COO
  • Mr. Thomas LatiolaisChief Marketing Officer
  • Mr. Rich KerrSVP Product Development

Financials

Income Statement

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.80M224.05K9.07M141.76K222.02K
Growth (%)--92.00%+3949.12%-98.44%+56.62%
Cost of Revenue2.76M285.31K466.80K83.29K69.98K
Gross Profit42.83K-61.26K8.61M58.47K152.04K
Gross Margin1.53%-27.34%94.85%41.25%68.48%
Operating Expense33.35M25.57M18.97M27.85M17.76M
Operating Income-33.31M-25.63M-10.36M-27.79M-17.61M
Operating Margin-1189.52%-11438.28%-114.19%-19601.98%-7930.79%
EBITDA-27.94M-23.80M-8.71M-45.04M-3.71M
EBITDA Margin-997.87%-10621.80%-95.99%-31770.39%-1670.12%
Net Income-35.07M-35.17M-15.64M-47.55M-6.66M
Net Income Margin-1252.27%-15695.95%-172.38%-33541.03%-2999.77%
R&D5.68M3.23M693.45K1.37M328.42K
R&D as % of Total Revenue202.77%1440.19%7.64%968.79%147.93%
Interest Expense--5.32M1.81M2.20M
Interest Expense % of Total Revenue--58.63%1275.57%991.91%

Balance Sheet

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets18.53M16.16M20.84M21.09M28.22M
Total Liabilities86.18M46.46M32.30M38.12M37.97M
Total Equity-67.46M-30.09M-11.47M-17.02M-9.75M
Cash951.04K185.88K6.01M1.69M133.86K
Total Debt72.96M34.83M22.16M12.92M19.76M
Net Debt72.01M34.64M16.15M11.23M19.63M

Cash Flow

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-2.14M-22.03M-12.65M-25.60M-15.23M
Investing Cash Flow-319.22M-249.26K-155.05K-265.44K-247.34K
Financing Cash Flow321.46M21.52M18.57M21.57M13.94M
Capital Expenditure430.77K155.05K265.44K247.34K
Free Cash Flow-2.14M-22.06M-12.81M-25.86M-15.48M
FCF to OCF100.00%100.14%101.23%101.04%101.62%

Earnings

Report DateJun 4, 2021Aug 16, 2021Nov 22, 2021Dec 31, 2021Apr 22, 2022Aug 15, 2022Nov 14, 2022Dec 31, 2022Apr 17, 2023Jun 30, 2023Sep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Apr 15, 2025Aug 19, 2025Nov 14, 2025Mar 31, 2026Aug 11, 2026Nov 13, 2026
EPS Estimate0.00---------------------
EPS Actual0.010.050.070.670.030.050.061.420.074.03-7.111.81-7.496.06-29.90-0.51-0.02-0.190.03-1.85-0.08-
Surprise----------------------
Timing----------------------

Key Statistics & Ratios

Market Cap8.90M
Enterprise Value22.35M
Trailing P/E0.00
Forward P/E0.00
Price / Sales362.03
Price / Book1.22
EPS-4.68
Book Value-0.085
Revenue (TTM)491.49K
Gross Profit (TTM)365.15K
EBITDA-18.62M
Profit Margin0.00%
Operating Margin-4013.05%
Return on Equity0.00%
Return on Assets-40.55%
Shares Outstanding3.11M
Shares Float1.52M
Beta0.29
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
3.36%
Insiders
46.02%
Retail / Other
50.62%

Top Institutional Holders

  • Citadel Advisors Llc
    920.18K1.48%
  • Vanguard Capital Management, LLC
    519.53K0.84%
  • Geode Capital Management, LLC
    325.34K0.52%
  • Polar Asset Management Partners
    293.30K0.47%
  • HRT FINANCIAL LLC
    160.08K0.26%
  • BlackRock Inc
    99.73K0.16%
  • Vanguard Fiduciary Trust Co
    80.03K0.13%
  • Northern Trust Corp
    40.75K0.07%
  • Orin Green Financial, LLC
    39.20K0.06%
  • Appleseed Capital
    26.50K0.04%
  • TWO SIGMA SECURITIES, LLC
    20.73K0.03%
  • Tower Research Capital LLC
    6.50K0.01%
  • UBS Group AG
    5.10K0.01%
  • SBI Securities Co Ltd
    4.00K0.01%
  • Vanguard Global Advisers, LLC
    1.25K0.00%
  • Susquehanna International Group, LLP
    00.00%

Top Fund Holders

  • Fidelity Extended Market Index
    105.52K0.17%
  • Fidelity Total Market Index
    32.01K0.05%
  • Fidelity Series Total Market Index
    22.75K0.04%
  • Vanguard MStar Total Stk Mkt Idx Invest
    17.20K0.03%

Stock Splits

  • Aug 31, 20261:20