Consumer Cyclical -
Auto - Recreational Vehicles - NASDAQ - US
$ 0.437
2.82 %
$ 6.5 M
Market Cap
-0.42
P/E
1. INTRINSIC VALUE
Balance Sheet
Twin Vee Powercats Co.
| Current Assets | 26.6 M |
| Cash & Short-Term Investments | 21 M |
| Receivables | 80.2 K |
| Other Current Assets | 5.61 M |
| Non-Current Assets | 13.2 M |
| Long-Term Investments | 0 |
| PP&E | 13.1 M |
| Other Non-Current Assets | 51.4 K |
| Current Liabilities | 4.22 M |
| Accounts Payable | 2.4 M |
| Short-Term Debt | 1.24 M |
| Other Current Liabilities | 581 K |
| Non-Current Liabilities | 3.58 M |
| Long-Term Debt | 3.58 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Twin Vee Powercats Co.
| Revenue | 33.4 M |
| Cost Of Revenue | 23.7 M |
| Gross Profit | 9.72 M |
| Operating Expenses | 21.7 M |
| Operating Income | -12 M |
| Other Expenses | -4.8 M |
| Net Income | -7.19 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Twin Vee Powercats Co.
| Net Income | -7.19 M |
| Depreciation & Amortization | 1.35 M |
| Capital Expenditures | -5.16 M |
| Stock-Based Compensation | 1.9 M |
| Change in Working Capital | -1.22 M |
| Others | -1.97 M |
| Free Cash Flow | -12.1 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
77.7 K USD 3
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 months ago
Sep 12, 2024
|
Bought
15.8 K USD
|
Zimmer Karl J
President
|
+ 35138
|
0.4489 USD |
|
5 months ago
Sep 12, 2024
|
Bought
24.5 K USD
|
Dickerson Michael Patrick
Chief Financial Officer
|
+ 50000
|
0.49 USD |
|
5 months ago
Sep 11, 2024
|
Bought
16.1 K USD
|
VISCONTI JOSEPH C
CEO
|
+ 40785
|
0.3953 USD |
|
5 months ago
Sep 11, 2024
|
Bought
21.3 K USD
|
Zimmer Karl J
President
|
+ 50000
|
0.4254 USD |
|
2 years ago
Dec 22, 2022
|
Bought
1.06 K USD
|
Schuyler Kevin
Director
|
+ 600
|
1.77 USD |
|
2 years ago
Dec 21, 2022
|
Bought
1.37 K USD
|
Schuyler Kevin
Director
|
+ 763
|
1.79 USD |
7. News
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
- 1 week 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 weeks 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
- 3 weeks 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
- 1 month 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
- 1 month 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
- 1 month ago
Twin Vee PowerCats Attends Annual Dealer Week Conference in Orlando to Grow Dealer Network
FORT PIERCE, FL / ACCESSWIRE / December 10, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, is attending Dealer Week 2024 at the Orlando Convention Center from December 8th to 11th at Booth 325. At this year's Dealer Week, the annual conference of the Marine Retailers Association of the Americas, Twin Vee is focused on growing its dealer network, with expansion plans throughout the United States and abroad.
accesswire.com
- 2 months ago
Twin Vee PowerCats Co. Welcomes Shawn Erb as Director of Sales and Dealer Relations
FORT PIERCE, FL / ACCESSWIRE / December 9, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that Shawn Erb, a seasoned sales and business development professional in the marine and recreational vehicle industries, has joined Twin Vee as its Director of Sales and Dealer Relations. In this role, Mr.
accesswire.com
- 2 months ago
Twin Vee Powercats Co. (VEEE) Q3 2024 Earnings Call Transcript
Twin Vee Powercats Co. (NASDAQ:VEEE ) Q3 2024 Earnings Conference Call November 14, 2024 12:00 PM ET Company Participants Joseph Visconti - Chairman and CEO Michael Dickerson - Chief Financial and Administrative Officer Operator Welcome to the Twin Vee PowerCats Company Third Quarter 2024 Investor Call. As a reminder, this call is being recorded and all participants are in a listen only mode.
seekingalpha.com
- 3 months ago
Twin Vee PowerCats Co. Reports Third Quarter 2024 Results of Operations
FORT PIERCE, FL / ACCESSWIRE / November 14, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a manufacturer of Twin Vee PowerCats and AquaSport boats known as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida, today reported operational highlights and financial results for the three months ended September 30, 2024. Highlights: (Unless otherwise noted, all comparisons are to the three months ended September 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Q3" refers to the three months ended September 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segment, and "consolidated" refers to the consolidated results of Twin Vee PowerCats Co.) Shareholders of both Twin Vee and Forza X1, Inc. (OTC: FRZA) voted in favor of the merger of these two entities.
accesswire.com
- 3 months ago
Twin Vee PowerCats Co. and Forza X1, Inc. Shareholders Vote to Approve Merger Between Companies
FORT PIERCE, FL / ACCESSWIRE / November 13, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), and Forza X1, Inc. (OTC:FRZA),("Forza"), today announced that their respective shareholders have voted to approve the previously announced merger agreement at their respective annual shareholder meetings held on November 11, 2024. The merger's closing is subject to the satisfaction of the remaining customary closing conditions, and both companies expect the merger to close in the near future.
accesswire.com
- 3 months ago
Twin Vee PowerCats Co. and Forza X1, Inc. Shareholders Vote to Approve Merger Between Companies
FORT PIERCE, FL / ACCESSWIRE / November 13, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee"), and Forza X1, Inc. (OTC PINK:FRZA), ("Forza"), today announced that their respective shareholders have voted to approve the previously announced merger agreement at their respective annual shareholder meetings held on November 11, 2024. The merger's closing is subject to the satisfaction of the remaining customary closing conditions and both companies expect the merger to close in the near future.
accesswire.com
- 3 months ago
8. Profile
Summary
Twin Vee Powercats Co. VEEE
COUNTRY
US
INDUSTRY
Auto - Recreational Vehicles
MARKET CAP
$ 6.5 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
90
Officers
Ms. Carol Hindsman
Chief Technology Officer
Mr. Preston Yarborough
Vice President & Director
Mr. Joseph Visconti
President, Chief Executive Officer & Chairman of the Board
Mr. Jay Foster
Chief Marketing Officer
Mr. Michael P. Dickerson
Chief Financial & Administrative Officer
Mr. Shawn Erb
Director of Sales & Dealer Relations
Glenn Sonoda
Secretary