Consumer Cyclical -
Auto - Recreational Vehicles - NASDAQ - US
$ 0.486
26.9 %
$ 7.23 M
Market Cap
-0.46
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 |
|---|---|---|---|---|
|
4 months ago
Sep 12, 2024
|
Bought
15.8 K USD
|
Zimmer Karl J
President
|
+ 35138
|
0.4489 USD |
|
4 months ago
Sep 12, 2024
|
Bought
24.5 K USD
|
Dickerson Michael Patrick
Chief Financial Officer
|
+ 50000
|
0.49 USD |
|
4 months ago
Sep 11, 2024
|
Bought
16.1 K USD
|
VISCONTI JOSEPH C
CEO
|
+ 40785
|
0.3953 USD |
|
4 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 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 week 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
- 1 month 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
- 1 month 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
- 2 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
- 2 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
- 2 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
- 2 months ago
Twin Vee PowerCats Co. Announces Third Quarter 2024 Earnings Call on November 14
FORT PIERCE, FL / ACCESSWIRE / November 7, 2024 / 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, November 14, 2024, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the third quarter of 2024.
accesswire.com
- 2 months ago
Twin Vee PowerCats Co. Launches "CEO Hustle" Webcast
FORT PIERCE, FL / ACCESSWIRE / October 30, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, launched its new webcast series, "CEO Hustle," with two videos hosted by CEO Joseph Visconti. CEO Hustle is posted regularly on Joseph's social media accounts and YouTube channel, ensuring convenient access for individuals who prefer to consume content on their platform of choice.
accesswire.com
- 2 months ago
Twin Vee PowerCats Co. Announces "CEO Hustle" Webcast: A Direct Line to Everything Twin Vee
FORT PIERCE, FL / ACCESSWIRE / October 25, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced its official Twin Vee webcast called "CEO Hustle," hosted by CEO Joseph Visconti. The all-new series offers an unprecedented look at Twin Vee's Fort Pierce, Florida facility.
accesswire.com
- 2 months ago
Twin Vee's 28 Aquasport Reviewed in Latest Power & Motoryacht Article
FORT PIERCE, FL / ACCESSWIRE / October 16, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, announced that renowned marine publication Power & Motoryacht positively reviewed the newly launched 28AS center console from its wholly-owned subsidiary, Aquasport, last week. Aquasport's 28AS is an entirely new design, the first in three decades.
accesswire.com
- 3 months ago
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers and Looming Votes of FRZA and VEEE
NEW YORK , Oct. 14, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating: Forza X1, Inc. (Nasdaq: FRZA ), relating to its proposed merger with Twin Vee Powercats Co. Under the terms of the agreement, Forza shareholders are expected to receive 0.611666275 shares of Twin Vee per share of Forza they own.
prnewswire.com
- 3 months ago
8. Profile
Summary
Twin Vee Powercats Co. VEEE
COUNTRY
US
INDUSTRY
Auto - Recreational Vehicles
MARKET CAP
$ 7.23 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
Mr. Jay Foster
Chief Marketing Officer
Mr. Preston Yarborough
Vice President & Director
Mr. Michael P. Dickerson
Chief Financial & Administrative Officer
Ms. Carol Hindsman
Chief Technology Officer
Mr. Joseph Visconti
Chief Executive Officer & Chairman of the Board
Mr. Zachary Crane
Director of National Sales
Glenn Sonoda
Secretary
Mr. Karl J. Zimmer
President