Volcon ePowersports Reports First Quarter 2024 Operational

From GlobeNewswire: 2024-05-07 17:30:00

Volcon Inc. highlighted operational achievements and financial results for Q1 2024. The company secured a Nasdaq compliance extension until June 24, 2024, delivered its first Stag UTV to a US dealer, increased Grunt EVO deliveries, and has 105 US dealers. Revenue for Q1 2024 was $1.0 million with a $26.0 million net loss. Operating expenses decreased to $3.7 million. Adjusted EBITDA shows a net loss adjusted for various factors.



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