Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 123

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 123
---
ization expense consists of depreciation of Veea’s 
 property and equipment and amortization of Veea’s patents and other intellectual property. |

| ● | Impairment:                                                                                  
 Impairment consists of impairment charges related to our in-process research and development 
 (“IPR&D”)                                                                                    |

Results of Operations

The following tables set
forth the results of our operations for the periods presented, as well as the changes between periods. The period-to-period comparison
of financial results is not necessarily indicative of future results.

<div align='center'>71</div>

F or the three months ended March 31, 2025 compared to three months ended March 31, 2024

The following table sets
forth Veea’s unaudited statements of operations data for the three months ended March 31, 2025 and 2024, respectively. Veea has
prepared the three month 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 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 |  March 31, 
       2025 |   |     |   |  March 31, 
       2024 |   |     |   |     Change |   |     | % |      |   |
|:----------------------------------------------------------|:----|:---------------------------|-----------:|:--|:----|:--|-----------:|:--|:----|:--|-----------:|:--|:----|:--|-----:|:--|
| Revenues, net                                             |     | $                          |     14,262 |   |     | $ |     16,770 |   |     | $ |     (2,508 | ) |     |   |  -15 | % |
| Cost of Goods Sold                                        |     |                            |     12,330 |   |     |   |     11,984 |   |     | $ |        346 |   |     |   |    3 | % |
| Gross profit                                              |     |                            |      1,932 |   |     |   |