Veea revenue surges 1165% to $180K; Nasdaq downlists to Capital Market, faces delisting

Filed May 15, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 21, 2025 · ~1 min read

Key Changes

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  Company transferred from Nasdaq Global Market to Capital Market in April 2026 and has until September 28, 2026 to regain $1.00 minimum bid price compliance or face delisting; may execute reverse stock split.

  MD&A: Nasdaq Compliance verify on EDGAR →
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  Revenue jumped 1165% to $180K from $14K year-over-year, driven by paid VeeaHub pilots, but net income swung to $4.7M loss from $4.3M profit (prior period boosted by $10.5M earn-out liability gain).

  MD&A: Financial Results verify on EDGAR →
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  Debt restructured to $13.3M from $15.2M, now including $5M PPL secured term loan (new Feb 2026), $4M related party note, and $1.9M inventory vendor note; cash improved to $1.6M from $247K.

  MD&A: Liquidity verify on EDGAR →