Twin Vee Powercats Co. ( (VEEE) ) has released its Q3 earnings. Here is a breakdown of the information Twin Vee Powercats Co. presented to its investors.
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Twin Vee PowerCats Co., a leading manufacturer of power sport boats known for their stable and fuel-efficient catamaran hull designs, has reported its financial results for the third quarter of 2025. Based in Fort Pierce, Florida, the company has been a prominent name in the catamaran sport boat category for 30 years.
In the third quarter of 2025, Twin Vee PowerCats Co. saw an 18% increase in net sales, reaching $3.43 million. The company successfully narrowed its gross loss to $45,000, a significant improvement from the previous year’s $146,000, thanks to enhanced cost control and efficiency. Operating expenses were reduced by 8%, and the net loss improved by 8% to $2.76 million.
Key financial highlights include a sale of the Marion, North Carolina property, which provided $500,000 in immediate proceeds and promises future payments totaling $3.75 million through 2027. The company also expanded its dealer coverage and advanced the integration of Bahama Boat Works, focusing on developing new premium monohull models.
Looking ahead, Twin Vee PowerCats Co. remains committed to disciplined cost management and dealer growth. The company plans to enter 2026 with a leaner cost structure and a refreshed product portfolio, aiming to enhance cash flow generation potential.