Twin Vee Powercats Co.
52W $0.23 – $7.45
Twin Vee Powercats Co.
Twin Vee Powercats Co. reported a net loss of $8.6 million for FY 2025, an improvement of 39% from a $14.0 million loss in FY 2024. Net sales increased 3% to $14.8 million, driven by a 7% increase in units sold to 93 boats, partially offset by a 5% decrease in average selling price. Gross profit improved significantly to $1.3...
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.