Twin Vee PowerCats, Co.VEEEEarnings & Financial Report
Twin Vee PowerCats Co. is a leading manufacturer of high-performance recreational power catamaran boats. The company offers a diverse lineup of catamaran models suited for leisure cruising, fishing, water sports, and commercial marine use, serving customers primarily across North America, with a growing distribution network in global coastal markets.
Revenue
$4.3M
Gross Profit
$202.3K
Operating Profit
$-4.7M
Net Profit
$-4.5M
Gross Margin
4.7%
Operating Margin
-107.7%
Net Margin
-104.4%
YoY Growth
-46.7%
EPS
$-3.09
Twin Vee PowerCats, Co. Q2 FY2024 Financial Summary
Twin Vee PowerCats, Co. reported revenue of $4.3M (down 46.7% YoY) for Q2 FY2024, with a net profit of $-4.5M (down 238.6% YoY) (-104.4% margin). Cost of goods sold was $4.1M, operating expenses totaled $4.9M.
Key Financial Metrics
| Total Revenue | $4.3M |
|---|---|
| Net Profit | $-4.5M |
| Gross Margin | 4.7% |
| Operating Margin | -107.7% |
| Report Period | Q2 FY2024 |
Twin Vee PowerCats, Co. Annual Revenue by Year
Twin Vee PowerCats, Co. annual revenue history includes year-by-year totals (for example, 2025 revenue was $14.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $14.8M |
| 2024 | $14.4M |
| 2023 | $33.4M |
| 2022 | $32.0M |
Twin Vee PowerCats, Co. Quarterly Revenue & Net Profit History
Twin Vee PowerCats, Co. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $3.0M | +60.4% | $-2.6M | -85.6% |
| Q3 FY2025 | $3.4M | +18.2% | $-2.8M | -80.4% |
| Q2 FY2025 | $4.8M | +9.9% | $-1.7M | -34.8% |
| Q1 FY2025 | $3.6M | -31.5% | $-1.6M | -44.6% |
| Q4 FY2024 | $1.9M | -77.4% | $-1.2M | -62.7% |
| Q3 FY2024 | $2.9M | -64.1% | $-3.0M | -103.7% |
| Q2 FY2024 | $4.3M | -46.7% | $-4.5M | -104.4% |
| Q1 FY2024 | $5.3M | -40.6% | $-2.3M | -44.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.3M | $4.3M | $2.9M | $1.9M | $3.6M | $4.8M | $3.4M | $3.0M |
| YoY Growth | -40.6% | -46.7% | -64.1% | -77.4% | -31.5% | 9.9% | 18.2% | 60.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $36.5M | $33.8M | $30.1M | $25.9M | $23.6M | $22.4M | $18.9M | $16.2M |
| Liabilities | $6.3M | $7.8M | $6.9M | $6.7M | $5.9M | $3.7M | $3.0M | $2.8M |
| Equity | $22.3M | $19.6M | $17.4M | $19.2M | $17.7M | $18.6M | $15.9M | $13.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-1.7M | $-482093 | $-2.4M | $-2.3M | $-1.7M | $-745613 | $-2.6M | $-1.7M |