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Twin Vee PowerCats (VEEE)
NASDAQ:VEEE
Earnings Data
Report Date
Aug 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.31Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -11.76%
|Next Earnings Date:Aug 19, 2025
Earnings Call Sentiment|Positive
Twin Vee Powercats Co. shows significant operational progress with strong revenue growth, improved gross margins, and strategic developments in product launches and digital strategies. Despite these positive trends, challenges remain with declining average sale prices, continued net losses, and potential tariff impacts. The overall sentiment is cautiously optimistic, with a focus on efficiency and growth.Company Guidance
During the call, Twin Vee Powercats Co. provided detailed guidance emphasizing several key metrics and strategic initiatives. For the first quarter of 2025, the company reported $3.6 million in revenue, marking a 91.7% sequential increase over February 2024, surpassing their previous guidance of 50% growth. They shipped 24 units, up 118% sequentially, with an average sale price of $151,000 compared to $171,000 in the previous quarter, reflecting a mix shift to smaller boats. Gross margins improved to 14.9%, a 961 basis point increase from the same period last year, driven by enhanced manufacturing efficiency, while operating expenses were reduced by 21% year over year. The company also noted an adjusted net loss of $333,000 per month, a 17% improvement from the expected $400,000. Inventory turnover improved from 4.5 to 5 turns, indicating better production and dealer demand alignment. Furthermore, Twin Vee highlighted its strategic focus on expanding the dealer network, improving inventory management, and launching a new digital platform to enhance customer engagement. Despite potential tariff challenges, the company remains optimistic about sequential revenue growth in the upcoming quarters.Strong Revenue Growth
Twin Vee Powercats Co. reported $3.6 million in revenue for the first quarter, marking a 91.7% sequential increase over February 2024, outperforming the previously guided 50% growth.
Improvement in Gross Margins
Gross margins improved to 14.9%, up 961 basis points from the same period last year, driven by better manufacturing efficiency.
Expansion of Dealer Network
The company added six new dealer locations, indicating a strategic expansion of its dealer network.
Operational Efficiency Achievements
Operating expenses were reduced by 21% year over year, including reductions in SG&A, salaries, professional fees, and R&D expenditures.
New Product Launch
The introduction of the new 2022 22-foot Twindie Bay Cat aimed at the growing inshore market has generated strong interest.
Digital and Facility Developments
Completion of a 30,000 sq ft facility expansion and upcoming launch of a new interactive website to enhance customer engagement.
VEEE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VEEE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $2.55 | $7.45 | +192.16% |
Mar 20, 2025 | $3.50 | $3.50 | 0.00% |
Nov 14, 2024 | $4.90 | $4.87 | -0.61% |
Aug 14, 2024 | $4.79 | $4.15 | -13.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Twin Vee PowerCats (VEEE) report earnings?
Twin Vee PowerCats (VEEE) is schdueled to report earning on Aug 19, 2025, TBA Not Confirmed.
What is Twin Vee PowerCats (VEEE) earnings time?
Twin Vee PowerCats (VEEE) earnings time is at Aug 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VEEE EPS forecast?
Currently, no data Available