Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 4.04M | 3.26M | 4.55M | 448.82K | 0.00 |
Gross Profit | -14.13M | -8.13M | -8.87M | -10.06M | -2.52K |
EBITDA | -26.65M | -39.48M | -30.78M | -39.45M | -1.36M |
Net Income | -45.51M | -45.07M | -36.41M | -39.36M | -1.37M |
Balance Sheet | |||||
Total Assets | 6.23M | 22.13M | 22.73M | 14.62M | 1.85M |
Cash, Cash Equivalents and Short-Term Investments | 2.19M | 7.98M | 10.99M | 5.57M | 536.08K |
Total Debt | 810.89K | 31.41M | 18.96M | 2.31M | 824.56K |
Total Liabilities | 6.19M | 41.76M | 22.09M | 8.32M | 3.00M |
Stockholders Equity | 40.76K | -19.63M | 635.01K | 6.30M | -1.14M |
Cash Flow | |||||
Free Cash Flow | -16.35M | -30.52M | -34.45M | -25.00M | -1.40M |
Operating Cash Flow | -16.04M | -29.57M | -33.65M | -24.16M | -1.16M |
Investing Cash Flow | -230.31K | -860.72K | -799.41K | -838.03K | -249.04K |
Financing Cash Flow | 10.37M | 27.08M | 40.41M | 30.03M | 1.94M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
63 Neutral | $17.26B | 10.39 | -8.50% | 3.06% | 1.63% | -25.95% | |
58 Neutral | $7.30M | ― | -213.60% | ― | 19.71% | 99.98% | |
56 Neutral | $3.82M | ― | 19.40% | ― | -98.78% | 92.98% | |
43 Neutral | $4.66M | ― | -132.63% | ― | -47.62% | 8.34% | |
38 Underperform | $680.82K | ― | ― | 2136.62% | 99.30% | ||
28 Underperform | $1.15M | ― | ― | ― | ― | ||
18 Underperform | $1.27M | ― | ― | ― | ― |
On July 25, 2025, Volcon, Inc. announced a strategic Bitcoin treasury program, holding over 3,183 BTC valued at approximately $375 million, as part of its ongoing Bitcoin acquisition strategy. The company also expanded its share repurchase authorization to $100 million, providing flexibility to support its net asset value per share and potentially increase BTC per share, reflecting a strategic move to strengthen its financial positioning and investor appeal.
On July 21, 2025, Volcon, Inc. announced the closing of a private placement with gross proceeds exceeding $500 million, aimed at implementing a bitcoin treasury strategy. The company plans to allocate over 95% of these proceeds to acquiring Bitcoin, marking a significant shift in its business strategy. Volcon intends to change its name to Empery Digital, Inc., and has partnered with Gemini for digital asset services. The strategic move is supported by a new board of directors with expertise in finance and digital assets, positioning the company to become a leading aggregator of Bitcoin.
On July 17, 2025, Volcon, Inc. announced a significant private placement agreement to raise over $500 million, primarily to acquire Bitcoin as part of a new digital asset treasury strategy. This move, involving institutional and accredited investors, marks a strategic shift for Volcon, aiming to safeguard shareholder value and align with digital asset trends. The company has also made key leadership appointments and entered into strategic agreements with Gemini to support this initiative, reflecting a strong conviction in Bitcoin as a digital store of value.
Volcon Inc. announced the approval and implementation of a 1-for-8 reverse stock split of its common stock, effective June 11, 2025. This corporate action, approved by stockholders on May 30, 2025, aims to consolidate every eight shares into one, reducing the number of outstanding shares from approximately 4.3 million to 0.54 million, while maintaining the authorized shares at 250 million. The reverse stock split is expected to impact the company’s stock trading on the Nasdaq Capital Market starting June 12, 2025, with adjustments to stock options and warrants also being made.
On May 30, 2025, Volcon held its annual stockholders meeting virtually, where seven proposals were voted on. The meeting had a quorum with 43.18% of shares represented. Key outcomes included the election of director nominees for one-year terms, approval of a reverse stock split, and the issuance of stock options and shares under specific conditions. However, a proposal to increase shares in the 2021 Stock Plan was not approved.