VEEE Research | Milton Maxwell

VEEE

Twin Vee Powercats Co.

1.7700

+0.0000+0%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

3.96M

P/E (TTM)

Basic EPS (TTM)

-6.71

Dividend Yield

Recent Filings

8-K

Offering closes with $2.5M

3/25/26Mar 25, 2026

Twin Vee PowerCats closed a best-efforts public offering on March 24, 2026, selling 6,491,900 shares at $0.384 each for ~$2.5M gross proceeds via ThinkEquity. Funds target working capital and corporate needs. Insiders locked up for six months. Dilution hits shareholders hard.

8-K

Offering closes with $1.7M

3/19/26Mar 19, 2026

Twin Vee PowerCats closed a best-efforts public offering on March 17, 2026, selling 4,473,000 shares at $0.38 each for ~$1.7M gross proceeds. Funds target working capital and corporate needs. Insiders locked up for six months. Placement agent snagged warrants for 223,650 shares.

8-K

New CEO-related facility lease

3/16/26Mar 16, 2026

Twin Vee PowerCats inked a 5-year lease on March 12, 2026, for its 100,000 sq ft Fort Pierce facility—including a 30,000 sq ft expansion—with CEO Joseph Visconti's entity, Visconti Holdings. Starting at $48,208 monthly plus 7% tax and annual escalations, this triple-net deal supersedes the prior month-to-month tenancy. Audit Committee approved the related-party pact. Tenant covers all taxes, utilities, maintenance.

10-K

FY2025 results

2/27/26Feb 27, 2026

Twin Vee posted FY2025 revenue of $14.8M, up 3% y/y from $14.4M, with boat sales rising 7% to 93 units despite a 5% drop in average price from new lower-end models. Gross profit flipped to $1.3M (8.5% margin) from a $0.8M loss, fueled by in-house manufacturing and ERP efficiencies, while operating expenses fell 27% to $10.0M after axing Forza R&D. Q4 momentum showed from North Carolina asset sale yielding $500K cash plus $3.75M note, but cash burned to $1.6M amid $8.6M net loss. No dividends or buybacks; liquidity leans on recent offerings. Unfavorable weather threatens peak-season sales.

8-K

Offering closes with $3M proceeds

2/23/26Feb 23, 2026

Twin Vee PowerCats closed a best-efforts public offering on February 23, 2026, selling 6,383,000 shares at $0.47 each for ~$3.0 million gross proceeds. ThinkEquity earned 7% cash fees, 1% expenses, and warrants for 319,150 shares. Funds target working capital. Insiders locked up for three months.

About

Twin Vee Powercats Co. designs, manufactures, and markets recreational and commercial power boats. The company offers catamaran boats and dual hull vessels under the Twin Vee brand; and V-hull boats under the AquaSport brand for use in recreational activities, including fishing, diving and water skiing, as well as commercial activities, such as transportation, eco tours, fishing, and diving expeditions. It sells its boats through a network of independent boat dealers in North America, the Caribbean, and Central America. Twin Vee Powercats Co. was founded in 1996 and is headquartered in Fort Pierce, Florida.

CEO

Mr. Joseph Visconti

IPO

7/21/2021

Website

https://twinvee.com

Employees

Sector

Consumer Cyclical

Industry

Recreational Vehicles