Consumer Cyclical -
Auto - Recreational Vehicles - NASDAQ - US
$ 0.2351
-12.6 %
$ 3.5 M
Market Cap
-0.21
P/E
1. INTRINSIC VALUE
Balance Sheet
Twin Vee Powercats Co.
| Current Assets | 10.4 M |
| Cash & Short-Term Investments | 7.49 M |
| Receivables | 0 |
| Other Current Assets | 2.93 M |
| Non-Current Assets | 15.5 M |
| Long-Term Investments | 0 |
| PP&E | 15.4 M |
| Other Non-Current Assets | 40.3 K |
| Current Liabilities | 3.75 M |
| Accounts Payable | 2.22 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 1.53 M |
| Non-Current Liabilities | 2.92 M |
| Long-Term Debt | 2.42 M |
| Other Non-Current Liabilities | 500 K |
EFFICIENCY
Earnings Waterfall
Twin Vee Powercats Co.
| Revenue | 14.4 M |
| Cost Of Revenue | 15.1 M |
| Gross Profit | -751 K |
| Operating Expenses | 13.8 M |
| Operating Income | -14.6 M |
| Other Expenses | -542 K |
| Net Income | -14 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Twin Vee Powercats Co.
| Net Income | -14 M |
| Depreciation & Amortization | 1.75 M |
| Capital Expenditures | -6.34 M |
| Stock-Based Compensation | 1.18 M |
| Change in Working Capital | 2.14 M |
| Others | 1.51 M |
| Free Cash Flow | -13.3 M |
Wall Street Analysts Price Targets
Twin Vee Powercats Co.
VEEE has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
VEEE does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Twin Vee Powercats Co.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
77.7 K USD 3
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Twin Vee Announces 1-For-10 Reverse Stock Split
Common Stock Will Begin Trading on a Split-Adjusted Basis on April 8, 2025 FORT PIERCE, FL / ACCESS Newswire / April 4, 2025 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it will implement a 1-for-10 reverse stock split of the issued and outstanding shares of the Company's common stock (the "Reverse Stock Split"), effective 11:59 p.m. Eastern Time on April 7, 2025, and the Company's common stock will begin trading on the Nasdaq Capital Market on a split-adjusted basis at the opening of the market on April 8, 2025 under the existing ticker symbol "VEEE.
accessnewswire.com
- 2 weeks ago
Twin Vee Powercats Co. (VEEE) Q4 2024 Earnings Call Transcript
Twin Vee Powercats Co. (NASDAQ:VEEE ) Q4 2024 Earnings Conference Call March 20, 2025 12:00 PM ET Company Participants Mike Dickerson - Chief Financial and Administrative Officer Conference Call Participants Operator Welcome to the Twin Vee Powercats Company Year-End 2024 Investor Call. As a reminder, this call is being recorded and all participants' are in a listen-only mode.
seekingalpha.com
- 1 month ago
Twin Vee PowerCats Co. Reports Results for the Year Ended December 31, 2024
Initiates 2025 Outlook FORT PIERCE, FL / ACCESS Newswire / March 20, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for fiscal year ended December 31, 2024. Outlook for 2025: Expects first quarter 2025 revenues to grow sequentially more than 50%.
accessnewswire.com
- 1 month ago
Twin Vee PowerCats Co. to Host Year End 2024 Financial Results Call on March 20 at 12:00 pm Eastern
FORT PIERCE, FL / ACCESS Newswire / March 13, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Thursday, March 20, 2025, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for Year End 2024.
accessnewswire.com
- 1 month ago
Twin Vee PowerCats Announces 6 New Dealers, Expanding National Network
FORT PIERCE, FL / ACCESS Newswire / March 12, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that six new Twin Vee dealers have been added during the first phase of its dealer network expansion, further developing the Company's reach in new markets. "We are thrilled to welcome our newest dealers to our growing Twin Vee family," said Joseph C.
accessnewswire.com
- 1 month ago
Twin Vee PowerCats Announces the Official Launch of BoatsForSale.com
90 Days Free for All Authorized Recreational Boat Dealers FORT PIERCE, FL / ACCESS Newswire / February 28, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, is thrilled to announce the official launch of www.BoatsForSale.com. The platform has been successfully migrated to Twin Vee's own ISP infrastructure, marking what will be the beginning of a new era in online boat sales.
accessnewswire.com
- 1 month ago
Twin Vee PowerCats (NASDAQ: VEEE) Unveils Bold Digital Strategy to Revolutionize how Boats are Sold, Purchased, Traded and Valued
FORT PIERCE, FL / ACCESS Newswire / February 18, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it is taking a bold leap forward with an aggressive digital transformation strategy designed to disrupt the status quo of boat sales for marine dealers, OEMs, and individual owners. This initiative underscores Twin Vee's commitment to innovation, efficiency, and dealer success as it seeks to position itself as one of the most forward-thinking brands in the marine industry.
accessnewswire.com
- 2 months ago
Twin Vee PowerCats Co. Appoints Tom Huffman to Lead Digital Strategy for BoatsforSale.com
FORT PIERCE, FL / ACCESS Newswire / February 12, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the appointment of Tom Huffman as its new Chief Information Officer (CIO), effective immediately. Mr. Huffman will lead Twin Vee's Digital Division, which includes the rights to two digital assets from OneWater Marine: BoatsForSale.com and YachtsForSale.com.
accessnewswire.com
- 2 months ago
Twin Vee PowerCats Acquires BoatsForSale.com and YachtsForSale.com: The Acquisition Accelerates Twin Vee's Evolution into a Diversified Recreational Company
FORT PIERCE, FL / ACCESS Newswire / February 10, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it has entered into an agreement to acquire two significant digital assets from OneWater Marine - BoatsForSale.com and YachtsForSale.com. These platforms represent the third-largest online boat marketplace in the United States, with over 42,000 unique listings.
accessnewswire.com
- 2 months ago
Twin Vee PowerCats Co. Reports Strong Start to 2025 After Difficult Q4 2024
FORT PIERCE, FL / ACCESS Newswire / January 23, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that early indicators from the first few weeks of the year suggest that the demand for Twin Vee's products is rebounding from 2024 levels. Specifically, the Company has seen a noticeable uptick in orders and market activity after a sluggish Q4 last year.
accessnewswire.com
- 2 months ago
Twin Vee PowerCats Co. New 5-Axis CNC Router to Harness Advanced Robotics in Production Process
FORT PIERCE, FL / ACCESS Newswire / January 21, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the imminent arrival of its new state-of-the-art 5-axis CNC router, a significant investment in the Company's manufacturing capabilities. The Multiax L Series 5-axis CNC router, scheduled for delivery in the coming weeks, will allow the Company to bring the tooling of high-quality plugs and molds necessary for its brand-new boat models in-house.
accessnewswire.com
- 2 months ago
Twin Vee PowerCats to Accept Bitcoin as Payment for Boat Sales
FORT PIERCE, FL / ACCESSWIRE / January 6, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, announced that it would soon start accepting Bitcoin ("BTC") for purchases of its Twin Vee and AquaSport power sport boats. "Twin Vee has always been about forward-thinking and being at the forefront of both our boat designs and the way we serve our customers," said Joseph Visconti, CEO of Twin Vee PowerCats Co. "We want to provide our customers with a seamless and modern purchasing experience by integrating Bitcoin into our payment options while also widening the appeal in our boats.
accesswire.com
- 3 months ago
8. Profile
Summary
Twin Vee Powercats Co. VEEE
COUNTRY
US
INDUSTRY
Auto - Recreational Vehicles
MARKET CAP
$ 3.5 M
Dividend Yield
0.00%
Description
Twin Vee PowerCats Co. designs, manufactures, and markets recreational and commercial power catamaran boats. The company operated through three segments: Gas-Powered Boat, Electric-Powered Boat, and Franchise. The company's boats allow consumers to use them for a range of recreational activities, including fishing, diving, and water skiing; and commercial activities, including transportation, eco tours, fishing and diving expeditions. Further, it is developing fully electric and gas-powered boats. The company sells its boats through a network of 19 independent boat dealers in North America and the Caribbean. Twin Vee PowerCats Co. was founded in 1996 and is headquartered in Fort Pierce, Florida. Twin Vee Powercats Co. operates as a subsidiary of Twin Vee PowerCats, Inc.
Contact
3101 South US Highway 1, Fort Pierce, FL, 34982
https://ir.twinvee.com/
IPO
Date
July 21, 2021
Employees
65
Officers
Mr. Jay Foster
Chief Marketing Officer
Mr. Glenn Sonoda
Secretary
Mr. Shawn Erb
Director of Sales & Dealer Relations
Mr. Michael P. Dickerson
Chief Financial & Administrative Officer
Mr. Preston Yarborough
Vice President & Director
Mr. Thomas Huffman
Chief Information Officer
Mr. Joseph Visconti
President, Chief Executive Officer & Chairman of the Board