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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.
Net loss for Q3 2025 improved 8% to $2.76 million, or $(1.23) per share, reflecting better cost management and efficiency.
Operating expenses for the nine months ended September 30, 2025, fell 32% year-over-year, mainly from reduced R&D, lower professional fees, and decreased stock-based compensation.
Strategic initiatives included the sale of the North Carolina/Marion property and integration of Bahama Boat Works.
Dealer network expanded by 14 new locations in 2025, including international expansion to Australia.
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 53% 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
Focus remains on disciplined cost management, dealer growth, and monetization of non-core assets.
Entering Q4 with a leaner cost base, stronger dealer coverage, and a healthier balance sheet.
Management anticipates continued improvements in gross margin and operating efficiency in Q4.
Substantial doubt remains about the ability to continue as a going concern due to ongoing losses and liquidity concerns.
Additional capital may be required; future funding is uncertain and may be dilutive or restrictive.
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