Twin Vee PowerCats (VEEE)
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Morning Market Movers: CLSD, CJET, TWNP, JXG See Big Swings
RTTNews· 2025-11-24 13:02
At 7:35 a.m. ET on Monday, premarket trading is seeing notable activity in several stocks, with early price movements signaling potential opportunities before the opening bell.For active traders, premarket trading offers a head start in spotting potential breakouts, reversals, or sharp price swings. These early moves often indicate where momentum may carry into the regular session, making premarket analysis a key part of the trading day.In the Green - Premarket GainersThe following stocks are trading highe ...
Twin Vee PowerCats Highlights Major Tax Advantages for Boat Buyers Under the "Big Beautiful Bill"
Accessnewswire· 2025-11-24 13:00
FORT PIERCE, FLORIDA / ACCESS Newswire / November 24, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced a significant financial opportunity now available to qualified boat buyers thanks to the federal "Big Beautiful Bill," which delivers powerful depreciation benefits for vessels used in business. Under the legislation, any boat - new or used - which is used 50% or more for business purposes qualifies f ...
Twin Vee PowerCats Co. Announces Commencement of Bahama Boat Works Production and Customer Deliveries
Accessnewswire· 2025-11-12 13:30
Core Insights - Twin Vee PowerCats Co. has announced the commencement of customer deliveries for the Bahama Boats line, indicating a successful integration of the brand into its manufacturing platform [1] - This development marks the beginning of a broader commercial rollout targeting the global sportfishing and high-performance boating market [1] Company Developments - The integration of Bahama Boats into Twin Vee's operations signifies a strategic expansion in the company's product offerings [1] - The announcement highlights Twin Vee's commitment to enhancing its manufacturing capabilities and market presence [1] Market Implications - The launch of the Bahama Boats line is expected to strengthen Twin Vee's position in the competitive sportfishing and high-performance boating sectors [1] - This move may attract new customers and increase market share within the global boating industry [1]
Twin Vee PowerCats (VEEE) - 2025 Q3 - Quarterly Report
2025-11-06 21:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 001-40623 TWIN VEE POWERCATS CO. (Exact name of registrant as specified in its charter) Delawar ...
Twin Vee PowerCats (VEEE) - 2025 Q3 - Earnings Call Transcript
2025-11-06 18:00
Financial Data and Key Metrics Changes - For Q3 2025, net sales were $3.43 million, an 18% increase year-over-year from $2.9 million in Q3 2024 [11] - The gross loss was approximately $45,000, an improvement from last year's loss of $146,000, indicating better production efficiency and cost control [11] - The net loss for the quarter was $2.76 million, improved from a $3 million loss in the same quarter last year [11] - For the first nine months of 2025, sales totaled $11.8 million with a gross margin of 9.6%, significantly up from 2.7% a year ago [11] Business Line Data and Key Metrics Changes - The company added 10 new dealer locations in Q2 and Q3, expanding into regions like the Southeastern Seaboard, Gulf Coast, and Australia [5] - The 22-foot BayCat model continues to perform well, with production aligned with dealer orders to avoid overstocking [6] Market Data and Key Metrics Changes - The boating industry is facing challenges due to high interest rates, inflation, and cautious consumer spending, which have slowed new boat sales [4][10] - Elevated inventory levels across the industry are creating a complex environment for manufacturers and dealers [10] Company Strategy and Development Direction - The company is focused on driving sales, dealer expansion, and customer engagement while managing costs and inventory [4] - Strategic moves include the completion of a four-tier headquarters expansion and the installation of a 46-foot five-axis CNC router to improve operational efficiencies [5][12] - The sale of the North Carolina property for $4.25 million is aimed at reducing overhead and strengthening the balance sheet [12][8] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenging environment but emphasizes a disciplined approach to navigate through it [10][15] - The strategy moving forward includes protecting liquidity, supporting dealers, and preparing for growth when demand improves [13][15] - The company aims to emerge stronger from current market conditions by focusing on high-quality boat production and dealer support [9][15] Other Important Information - The company maintains low leverage with only long-term debt being the SBA Economic Injury Disaster Loan at a fixed 3.75% rate [12] - The operational upgrades and strategic acquisitions are positioned to enhance competitiveness while protecting financial health [9] Q&A Session Summary - There were no questions during the Q&A session, and the conference call concluded without any inquiries from participants [16]
Twin Vee PowerCats GAAP EPS of -$1.23, revenue of $3.43M (NASDAQ:VEEE)
Seeking Alpha· 2025-11-06 13:36
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Twin Vee PowerCats Co. Announces Sale of North Carolina Property
Accessnewswire· 2025-11-03 13:30
Core Viewpoint - Twin Vee PowerCats Co. successfully closed the sale of a commercial property in Marion, North Carolina for $4.25 million, which is expected to positively impact its balance sheet [1] Company Summary - The property was initially intended for the construction of a manufacturing facility for Twin Vee's subsidiary, Forza X1, Inc. [1] - The sale price of $4.25 million will enhance Twin Vee's financial position [1]
Morning Market Movers: SHFS, LAC, AQMS, ZONE See Big Swings
RTTNews· 2025-09-24 12:00
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - SHF Holdings, Inc. (SHFS) increased by 150% to $8.17 - Lithium Americas Corp. (LAC) rose by 69% to $5.18 - Aqua Metals, Inc. (AQMS) gained 50% reaching $6.11 - CleanCore Solutions, Inc. (ZONE) up by 44% at $2.87 - Cyclerion Therapeutics, Inc. (CYCN) increased by 33% to $4.03 - Twin Vee Powercats Co. (VEEE) rose by 17% to $2.92 - Solidion Technology, Inc. (STI) up by 11% at $5.09 - China Pharma Holdings, Inc. (CPHI) increased by 11% to $2.18 - Stardust Power Inc. (SDST) rose by 10% to $3.04 - Aligos Therapeutics, Inc. (ALGS) increased by 7% to $11.03 [3] Premarket Losers - Aytu BioPharma, Inc. (AYTU) decreased by 15% to $2.11 - Professional Diversity Network, Inc. (IPDN) down by 13% to $4.10 - STRATA Skin Sciences, Inc. (SSKN) fell by 10% to $2.31 - Cohu, Inc. (COHU) decreased by 9% to $20.68 - Super League Enterprise, Inc. (SLE) down by 9% to $7.74 - CTW Cayman (CTW) fell by 9% to $2.29 - Fitell Corporation (FTEL) decreased by 8% to $7.70 - Soluna Holdings, Inc. (SLNH) down by 8% to $2.16 - StableX Technologies, Inc. (SBLX) decreased by 5% to $5.22 - Indaptus Therapeutics, Inc. (INDP) down by 5% to $2.95 [4]
Twin Vee PowerCats Stock Surges 33% In Pre-Market Hours Following New Interim CFO Appointment - Twin Vee PowerCats (NASDAQ:VEEE)
Benzinga· 2025-09-24 08:55
Group 1 - Twin Vee PowerCats' shares increased by 33.33% to $3.32 in pre-market trading, following a 4.18% gain in the regular session [1] - The stock price surge is attributed to the appointment of Scott Searles as Interim Chief Financial Officer, who has 20 years of corporate finance experience [2] - Searles will receive a base salary of $60,000 as part of his 90-day interim agreement while the company searches for a permanent CFO [3] Group 2 - The company trades within a 52-week range of $1.86 to $9.30, reflecting a year-over-year decline of 55.05% [4] - Twin Vee PowerCats has a market capitalization of $5.57 million and an average daily trading volume of 2.95 million shares [4] - The closing price of $2.49 represents a decline of approximately 12.32% from the one-month peak of $2.84 on September 5 [4] Group 3 - Benzinga's Edge Stock Rankings indicate that VEEE is experiencing long-term consolidation with medium and short-term upward movement [5]
Twin Vee PowerCats' Wizz Banger Division Drives AI-Powered Growth at BoatsForSale.com
Accessnewswire· 2025-09-10 12:00
Core Viewpoint - Twin Vee PowerCats Co. has successfully enhanced the growth of BoatsForSale.com through an AI-driven transformation since its acquisition in February 2025 [1] Group 1 - The marine technology division, Wizz Banger, Inc., is responsible for the accelerated growth of BoatsForSale.com [1] - The platform has seen an increase in organic search traffic following the implementation of AI technologies [1]