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Veea

VEEA
40
Information Technology Services · Technology
Price
$0.19
+0.01 (+6.19%)
Market Cap
$7.4M
Winston Score
40
Winston is serious
Mixed quality — meaningful strengths and weaknesses.

Share count rising — dilution

+14.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 39.9M (2021) → 45.7M (2025)

Veea Inc. is a small technology company that builds edge computing hardware and software. Edge computing means processing data closer to where it is generated — like inside a store or building — instead of sending it all to a distant data center. Veea sells connected devices called "VeeaHubs" along with software that runs on them, targeting businesses in retail, hospitality, and smart building markets.

The company earns revenue by selling its hardware devices and charging fees for the software and services that run on them. Veea operates primarily in the United States and Europe, but it remains very small, with a market cap near zero and deeply negative operating margins, meaning it spends far more than it earns. The biggest risk facing Veea is simply survival — the company must find a way to grow revenue and reduce losses before it runs out of capital, as its financial metrics currently reflect a business in early and fragile stages of development.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-130.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-329.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$328,422/ year

Declining (-76% vs prior year)

147.9% of revenue

9.9x the sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

85.9%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~0 months

$133,860 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Veea has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
100.8%
Premium pricing power — 100.8% gross margin
Operating Margin
22744.1%
Excellent — 22744.1% operating margin
ROCE
-22.9%
Weak — -22.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+56.6%
Fast-growing sales (56.6% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-6928.6%
Burning cash (-6928.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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