Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 88

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 88
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 the three months ended June 30, 2025
compared to three months ended June 30, 2024 and the six months ended June 30, 2025 compared to three months ended June 30, 2024

The following table sets
forth Veea’s unaudited statements of operations data for the three and six months ended June 30, 2025 and 2024, respectively. Veea
has prepared the data on a consistent basis with the audited consolidated financial statements as of and for the years ended December
31, 2024 and 2023, included in the Form 10-K filed with the SEC on April 15, 2025. In the opinion of Veea’s management, the unaudited
three and six month financial information reflects all necessary adjustments, consisting only of normal recurring adjustments, necessary
for a fair presentation of this data.

    For the Three Months Ended  
    $  
    % 

    June 30,  2025  
    June 30, 2024  
    Change 

    Revenues, net 
    $72,927  
    $40,811  
    $32,116  
     79%
  
    Cost of Goods Sold 
     4,587  
     30,706  
    $(26,119) 
     -85%
  
    Gross profit 
     68,340  
     10,105  

    Operating Expenses: 

    Product development 
     53,417  
     701,946  
    $(648,529) 
     -92%
  
    Sales and marketing 
     40,515  
     292,140  
    $(251,625) 
     -86%
  
    General and administrative 
     4,750,744  
     5,785,051  
    $(1,034,307) 
     -18%
  
    Depreciation and amortization 
     144,607  
     68,465  
    $76,142  
     111%
  
    Total operating expenses 
     4,989,283  
     6,847,602  

    Loss from operations 
     (4,920,943) 
     (6,837,497) 

    Other Income (Expense): 

    Other income,