Welcome to our dedicated page for Twin Vee Powercats Co news (Ticker: VEEE), a resource for investors and traders seeking the latest updates and insights on Twin Vee Powercats Co stock.
Twin Vee PowerCats Co (NASDAQ: VEEE), a pioneer in power catamaran manufacturing since 1994, provides this dedicated news hub for investors and marine industry stakeholders. Track official press releases, financial disclosures, and strategic developments from the Florida-based boat builder renowned for its fuel-efficient twin-hull designs.
This resource delivers timely updates across three key areas: quarterly earnings reports, new product launches in both gas and electric boat segments, and franchise network expansions. Discover announcements about technological innovations like advanced CNC manufacturing processes and digital sales platform enhancements.
Professionals will find value in monitoring partnership developments with marine dealers, sustainability initiatives through electric vessel production, and market expansion strategies. All content is sourced directly from company communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Twin Vee's latest milestones, operational updates, and industry leadership in catamaran engineering. Verify time-sensitive information through our curated collection of primary source materials updated as new releases become available.
Twin Vee PowerCats (Nasdaq: VEEE) announced it delivered three consecutive quarters of year-over-year sales growth in the second, third, and fourth quarters of fiscal 2025, citing improving dealer productivity, prior operational investments, and capital expenditures as contributors.
The company tied its momentum to a DataHorizzon Research market projection that the global power catamaran market could grow from about $2.8 billion in 2024 to $4.6 billion by 2033 (a 5.7% CAGR). Additional financial details will be provided in the upcoming earnings release for the year ended December 31, 2025 and in SEC filings.
Twin Vee PowerCats Co. (Nasdaq: VEEE) said industry data shows the center console power catamarans market could grow from about $2.8B in 2024 to $4.6B by 2033 (CAGR 5.7%).
The company reported Q3 2025 net sales +18% to $3.43M, acquired legacy brand Bahama Boat Works, launched a redesigned 22-foot BayCat recognized by Boat Trader, and added 14 new dealer locations in the first nine months of 2025 while developing a factory-direct sales model.
Management said these milestones position Twin Vee to capitalize on reported market tailwinds driven by hull design, propulsion, and materials advances.
Twin Vee PowerCats Co. (Nasdaq:VEEE) announced the election of Carol Craig and Larry Swets, Jr. to its Board of Directors, effective December 4, 2025. Marcia Kull and Neil Ross completed their terms and departed the Board effective the same date. Management highlighted the new directors' expertise in public markets, capital structuring, vertically integrated manufacturing, and scaling high-growth technology and financial organizations. Mr. Swets brings over 25 years in financial services, CFA designation, and SPAC/capital markets experience. Ms. Craig is a founder and CEO with public-company IPO experience in space and defense technology and has engineering and advanced-degree pursuits. The Board thanked the departing directors for their contributions.
Twin Vee PowerCats (Nasdaq: VEEE) on December 3, 2025 announced a digital strategy update and introduced the Wizz Banger Valuator, a proprietary AI tool to standardize boat valuations and speed marine financing.
The mobile app uses multi-layered pictorial AI on smartphone images to score vessel condition, then combines that score with national and regional listing and sales data to produce automated, third-party valuations. Twin Vee said the platform aims to reduce multi-week financing timelines and is engaging banks, insurers, lenders, and dealers for integrations and dealer activation in coming months.
Twin Vee PowerCats (Nasdaq: VEEE) highlighted a tax opportunity from the federal "Big Beautiful Bill" on November 24, 2025: any vessel used 50% or more for business qualifies for 100% first-year depreciation.
The company says its 24'–40' models suit fishing, transport, charter, survey, and client entertainment uses, and claims fast production/delivery, transparent pricing, resale strength, and dealer support to help buyers document business use and capture 2025 tax benefits before year-end.
Twin Vee recommends buyers consult a certified tax professional to confirm eligibility and proper usage requirements.
Twin Vee PowerCats Co (Nasdaq:VEEE) announced on November 12, 2025 that customer deliveries are commencing for the Bahama Boats line after Twin Vee acquired certain Bahama Boat Works assets earlier in 2025.
The company reports it has integrated the Bahama Boats brand into its Florida manufacturing platform, ramped production using advanced composite build processes, and begun a broader commercial rollout to the global sportfishing and high-performance boating market. Initial customer response is described as strong.
The Bahama lineup includes the Bahama 35 center console, retaining no-wood construction, a deep-water hull, and yacht-grade finishing. Twin Vee plans to scale output and expand dealer availability through 2026 while exploring additional domestic and international growth opportunities.
Twin Vee PowerCats (NASDAQ:VEEE) reported third quarter 2025 results on November 6, 2025, with Q3 net sales up 18% to $3.43M and a narrowed gross loss of $45K (Q3 2024: $146K). Operating expenses fell 8% to $2.73M, and Q3 net loss improved 8% to $2.76M or $(1.23) per share. Cash and equivalents were $2.92M at September 30, 2025.
Subsequent event: sale of Marion, NC property closed Oct 31, 2025, delivering $500K upfront and $3.75M in future payments, including a $2.75M balloon due Oct 31, 2027. Company cited Bahama Boat Works integration and dealer expansion as strategic priorities.
Twin Vee PowerCats Co. (Nasdaq:VEEE) announced the closing of the sale of its Marion, North Carolina commercial property on October 31, 2025, for a total consideration of $4,250,000. The 11.88-acre site at 100 Impact Drive includes a partially completed ~60,000 sq ft building and was previously intended for a Forza X1 manufacturing facility.
Sale terms: $500,000 cash at closing, plus $3,750,000 in installment payments with 5% accrued interest: $500,000 due 10/31/2026, $500,000 due 4/30/2027, and $2,750,000 due 10/31/2027. The company reported no debt or liens on the property and said the transaction will positively affect its balance sheet and capital allocation.
Twin Vee PowerCats Co (NASDAQ:VEEE) will host its Q3 2025 earnings conference call and live webcast on Thursday, November 6, 2025 at 12:00 p.m. ET to discuss results for the quarter ended September 30, 2025 and updates on operations and strategy.
Financial results will be released in a press release prior to the call. Management participants include Joseph Visconti, President & CEO, and Scott Searles, CFO. Dial-in, webcast access, and a recording (available for at least 90 days) are provided for investors.
Twin Vee PowerCats (Nasdaq:VEEE) will present at the ThinkEquity Conference in New York on October 30, 2025. CEO and President Joseph Visconti is scheduled to present at 10:00 a.m. ET in Lotus Suite West and will be available for one-on-one meetings with institutional analysts and investors throughout the day.
The ThinkEquity event is expected to feature 75+ company presentations, 750+ attendees, and 600+ one-on-one meetings, offering a platform for investor engagement. Interested investors can register to attend the conference.