Twin Vee Powercats Co Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Twin Vee Powercats Co has an operating margin of -101.1%, meaning the company retains $-101 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -35.9% the prior year.
Twin Vee Powercats Co's revenue declined 57% year-over-year, from $33.4M to $14.4M. This contraction results in a growth score of 0/100.
Twin Vee Powercats Co carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.78, Twin Vee Powercats Co holds $2.78 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 91/100.
While Twin Vee Powercats Co generated -$7.0M in operating cash flow, capex of $6.3M consumed most of it, leaving -$13.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Twin Vee Powercats Co passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Twin Vee Powercats Co generates $0.63 in operating cash flow (-$7.0M OCF vs -$11.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Twin Vee Powercats Co earns $-65.4 in operating income for every $1 of interest expense (-$14.6M vs $223K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Twin Vee Powercats Co (VEEE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Twin Vee Powercats Co generated $14.4M in revenue in fiscal year 2024. This represents a decrease of 57.0% from the prior year.
Twin Vee Powercats Co's EBITDA was -$12.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 20.4% from the prior year.
Twin Vee Powercats Co generated -$13.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 10.1% from the prior year.
Twin Vee Powercats Co reported -$11.0M in net income in fiscal year 2024. This represents a decrease of 53.6% from the prior year.
Twin Vee Powercats Co earned $-1.10 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 44.7% from the prior year.
Twin Vee Powercats Co held $7.5M in cash against $500K in long-term debt as of fiscal year 2024.
Twin Vee Powercats Co had 1M shares outstanding in fiscal year 2024. This represents a decrease of 84.4% from the prior year.
Twin Vee Powercats Co's gross margin was -5.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 15.0 percentage points from the prior year.
Twin Vee Powercats Co's operating margin was -101.1% in fiscal year 2024, reflecting core business profitability. This is down 65.3 percentage points from the prior year.
Twin Vee Powercats Co's net profit margin was -76.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 55.3 percentage points from the prior year.
Twin Vee Powercats Co invested $586K in research and development in fiscal year 2024. This represents a decrease of 59.4% from the prior year.
Twin Vee Powercats Co invested $6.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 22.8% from the prior year.
VEEE Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4M-27.9% | $4.8M+31.7% | $3.6M+91.7% | $1.9M-56.5% | $4.3M-18.0% | $5.3M-36.8% | $8.3M+3.4% | $8.1M |
| Cost of Revenue | $3.5M-15.3% | $4.1M+33.4% | $3.1M+3.6% | $3.0M-28.0% | $4.1M-17.5% | $5.0M-39.3% | $8.2M+10.2% | $7.5M |
| Gross Profit | -$45K-106.9% | $654K+21.8% | $537K+149.5% | -$1.1M-636.4% | $202K-27.0% | $277K+138.8% | $116K-80.8% | $606K |
| R&D Expenses | N/A | N/A | N/A | $3K-99.3% | $345K+130.3% | $150K-64.0% | $416K+550.7% | $64K |
| SG&A Expenses | $651K+7.5% | $605K+1.1% | $599K-32.1% | $881K+16.6% | $756K+8.9% | $694K-14.6% | $812K-17.5% | $985K |
| Operating Income | -$2.8M-65.7% | -$1.7M+0.2% | -$1.7M+60.4% | -$4.2M+9.0% | -$4.7M-83.2% | -$2.5M+33.0% | -$3.8M-36.5% | -$2.8M |
| Interest Expense | $13K-35.7% | $20K-46.0% | $36K+109.0% | -$402K-830.9% | $55K-17.9% | $67K+128.0% | -$239K | $0 |
| Income Tax | N/A | N/A | N/A | $0 | $0 | $0 | N/A | $0 |
| Net Income | -$2.8M-66.6% | -$1.7M-2.7% | -$1.6M-36.3% | -$1.2M+73.9% | -$4.5M-93.5% | -$2.3M+17.5% | -$2.8M-52.0% | -$1.9M |
| EPS (Diluted) | $-1.23-41.4% | $-0.87 | $-1.08 | $6.40 | $-3.09-74.6% | $-1.77-490.0% | $-0.30-50.0% | $-0.20 |
VEEE Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $18.9M-15.5% | $22.4M-5.1% | $23.6M-9.0% | $25.9M-23.3% | $33.8M-7.4% | $36.5M-8.5% | $39.8M-10.0% | $44.3M |
| Current Assets | $10.1M-24.9% | $13.4M+9.8% | $12.2M+17.1% | $10.4M-46.8% | $19.6M-10.1% | $21.8M-18.3% | $26.6M-18.6% | $32.7M |
| Cash & Equivalents | $2.7M-54.6% | $6.0M+21.4% | $4.9M-34.5% | $7.5M-46.2% | $13.9M-13.7% | $16.1M-2.2% | $16.5M+35.8% | $12.1M |
| Inventory | $2.5M-8.2% | $2.7M+12.9% | $2.4M-5.6% | $2.5M-39.3% | $4.1M+6.6% | $3.9M-20.4% | $4.9M-40.0% | $8.1M |
| Accounts Receivable | $313K | $0-100.0% | $199K | $0-100.0% | $116K+27.4% | $91K+13.4% | $80K-84.2% | $509K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.0M-20.7% | $3.7M-36.6% | $5.9M-11.7% | $6.7M-14.6% | $7.8M-45.0% | $14.2M-13.1% | $16.3M-11.2% | $18.4M |
| Current Liabilities | $2.4M-23.9% | $3.2M+6.0% | $3.0M-19.4% | $3.7M-17.8% | $4.6M+57.4% | $2.9M-31.3% | $4.2M-20.8% | $5.3M |
| Long-Term Debt | $500K0.0% | $500K0.0% | $500K0.0% | $500K0.0% | $500K0.0% | $500K0.0% | $500K0.0% | $500K |
| Total Equity | $15.9M-14.5% | $18.6M+5.4% | $17.7M-8.1% | $19.2M-2.1% | $19.6M-11.8% | $22.3M-5.4% | $23.5M-9.1% | $25.9M |
| Retained Earnings | -$31.4M-9.6% | -$28.7M-6.1% | -$27.0M-6.3% | -$25.4M-33.8% | -$19.0M-18.4% | -$16.0M-11.8% | -$14.3M-24.6% | -$11.5M |
VEEE Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.6M-255.2% | -$746K+57.1% | -$1.7M+25.6% | -$2.3M-384.3% | -$482K+72.5% | -$1.7M-37589.4% | -$5K+99.9% | -$3.5M |
| Capital Expenditures | $480K-32.1% | $708K-14.6% | $829K-36.1% | $1.3M-24.8% | $1.7M-13.4% | $2.0M-27.6% | $2.7M+248.3% | $789K |
| Free Cash Flow | -$3.1M-115.3% | -$1.5M+43.3% | -$2.6M+29.4% | -$3.6M-64.6% | -$2.2M+41.0% | -$3.7M-35.8% | -$2.8M+35.8% | -$4.3M |
| Investing Cash Flow | -$453K+36.0% | -$708K+10.4% | -$790K+39.0% | -$1.3M+25.0% | -$1.7M-216.8% | $1.5M-66.7% | $4.4M+142.6% | -$10.4M |
| Financing Cash Flow | -$156K-106.2% | $2.5M+4670.3% | -$55K-136.4% | -$23K+56.5% | -$53K+36.4% | -$84K-12.7% | -$74K-151.5% | -$30K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VEEE Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -1.3%-15.1pp | 13.8%-1.1pp | 14.9%+72.5pp | -57.6%-62.3pp | 4.7%-0.6pp | 5.3%+3.9pp | 1.4%-6.1pp | 7.5% |
| Operating Margin | -81.0%-45.7pp | -35.2%+11.2pp | -46.5%+178.4pp | -224.9%-117.2pp | -107.7%-59.5pp | -48.2%-2.7pp | -45.5%-11.0pp | -34.4% |
| Net Margin | -80.4%-45.6pp | -34.8%+9.8pp | -44.6%+18.1pp | -62.7%+41.7pp | -104.5%-60.2pp | -44.3%-10.4pp | -33.9%-10.8pp | -23.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -14.6%-7.2pp | -7.4%-0.6pp | -6.8%-2.3pp | -4.6%+8.8pp | -13.4%-7.0pp | -6.4%+0.7pp | -7.1%-2.9pp | -4.2% |
| Current Ratio | 4.13-0.1 | 4.18+0.1 | 4.04+1.3 | 2.78-1.5 | 4.29-3.2 | 7.52+1.2 | 6.32+0.2 | 6.14 |
| Debt-to-Equity | 0.030.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.020.0 | 0.020.0 | 0.02 |
| FCF Margin | -91.2%-60.7pp | -30.6%+40.4pp | -71.0%+121.8pp | -192.8%-141.8pp | -51.0%+19.9pp | -70.9%-37.9pp | -33.0%+20.1pp | -53.1% |
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Frequently Asked Questions
What is Twin Vee Powercats Co's annual revenue?
Twin Vee Powercats Co (VEEE) reported $14.4M in total revenue for fiscal year 2024. This represents a -57.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Twin Vee Powercats Co's revenue growing?
Twin Vee Powercats Co (VEEE) revenue declined by 57% year-over-year, from $33.4M to $14.4M in fiscal year 2024.
Is Twin Vee Powercats Co profitable?
No, Twin Vee Powercats Co (VEEE) reported a net income of -$11.0M in fiscal year 2024, with a net profit margin of -76.8%.
What is Twin Vee Powercats Co's earnings per share (EPS)?
Twin Vee Powercats Co (VEEE) reported diluted earnings per share of $-1.10 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Twin Vee Powercats Co's EBITDA?
Twin Vee Powercats Co (VEEE) had EBITDA of -$12.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Twin Vee Powercats Co have?
As of fiscal year 2024, Twin Vee Powercats Co (VEEE) had $7.5M in cash and equivalents against $500K in long-term debt.
What is Twin Vee Powercats Co's gross margin?
Twin Vee Powercats Co (VEEE) had a gross margin of -5.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Twin Vee Powercats Co's operating margin?
Twin Vee Powercats Co (VEEE) had an operating margin of -101.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Twin Vee Powercats Co's net profit margin?
Twin Vee Powercats Co (VEEE) had a net profit margin of -76.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Twin Vee Powercats Co's free cash flow?
Twin Vee Powercats Co (VEEE) generated -$13.3M in free cash flow during fiscal year 2024. This represents a -10.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Twin Vee Powercats Co's operating cash flow?
Twin Vee Powercats Co (VEEE) generated -$7.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Twin Vee Powercats Co's total assets?
Twin Vee Powercats Co (VEEE) had $25.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Twin Vee Powercats Co's capital expenditures?
Twin Vee Powercats Co (VEEE) invested $6.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Twin Vee Powercats Co spend on research and development?
Twin Vee Powercats Co (VEEE) invested $586K in research and development during fiscal year 2024.
How many shares does Twin Vee Powercats Co have outstanding?
Twin Vee Powercats Co (VEEE) had 1M shares outstanding as of fiscal year 2024.
What is Twin Vee Powercats Co's current ratio?
Twin Vee Powercats Co (VEEE) had a current ratio of 2.78 as of fiscal year 2024, which is generally considered healthy.
What is Twin Vee Powercats Co's debt-to-equity ratio?
Twin Vee Powercats Co (VEEE) had a debt-to-equity ratio of 0.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Twin Vee Powercats Co's return on assets (ROA)?
Twin Vee Powercats Co (VEEE) had a return on assets of -42.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Twin Vee Powercats Co's cash runway?
Based on fiscal year 2024 data, Twin Vee Powercats Co (VEEE) had $7.5M in cash against an annual operating cash burn of $7.0M. This gives an estimated cash runway of approximately 13 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Twin Vee Powercats Co's Piotroski F-Score?
Twin Vee Powercats Co (VEEE) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Twin Vee Powercats Co's earnings high quality?
Twin Vee Powercats Co (VEEE) has an earnings quality ratio of 0.63x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Twin Vee Powercats Co cover its interest payments?
Twin Vee Powercats Co (VEEE) has an interest coverage ratio of -65.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Twin Vee Powercats Co?
Twin Vee Powercats Co (VEEE) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.