Volcon ePowersports Reports Q1 2025 Operational Highlights and Financial Results

Volcon Inc., an all-electric off-road powersports company, has released its operational highlights and financial results for the first quarter of 2025. The company successfully sold all remaining Grunt EVO motorcycles and is developing a prototype dual-sport motorcycle, aiming for market release in late 2025. The outcome relies on testing, regulatory compliance, manufacturing costs, and tariff impacts.

In February, Volcon signed a golf cart supply agreement with Venom-EV LLC, later amended in April to adjust payment terms. Recent U.S. tariff changes significantly affected Volcon, given its manufacturing base in China and Vietnam. Options include U.S. assembly or continuing imports with higher costs.

Financial reports show a revenue decrease, with Q1 2025 at $0.7 million, compared to $1 million in Q4 2024. Operating expenses dropped as Volcon focused on cost reduction. Net loss for Q1 2025 was $2.46 million, an improvement from the larger losses in previous quarters.