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Twin Vee PowerCats (VEEE) investor relations material
Twin Vee PowerCats Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q3 2025 increased 18% year-over-year to $3.43 million, driven by new dealer initiatives, higher unit sales, and improved average prices, despite challenging marine market conditions.
Gross loss narrowed and net loss improved 8% to $2.76 million, reflecting better cost management and efficiency.
Strategic initiatives included the sale of the North Carolina/Marion property, integration of Bahama Boat Works, and operational upgrades such as headquarters expansion and CNC router installation.
Dealer network expanded by up to 14 new locations in 2025, including international markets, and a new national sales partnership was signed.
Ongoing focus on cost control, inventory management, and customer engagement to drive sales and rebuild backlog.
Financial highlights
Q3 2025 net sales: $3.43 million (up 18% YoY); 23 boats sold at ~$149,000 average price.
Q3 2025 gross loss: $45,000 (improved from $146,000 in Q3 2024); gross margin improved by 3.7 percentage points.
Q3 2025 net loss: $2.76 million (improved from $3.01 million in Q3 2024); loss per share improved to $(1.23).
Nine months 2025 net sales: $11.8 million (down 6% YoY); gross profit: $1.15 million (up 243% YoY); gross margin: 9.7% (up from 2.7%).
Cash, cash equivalents, and restricted cash totaled $2.92 million at quarter-end.
Outlook and guidance
Entering Q4/2026 with a leaner cost base, stronger dealer coverage, and a healthier balance sheet, but substantial doubt remains about ability to continue as a going concern due to ongoing losses and liquidity concerns.
Priorities include protecting liquidity, supporting dealers, and preparing for growth as demand improves.
Management anticipates continued improvements in gross margin and operating efficiency.
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