Twin Vee PowerCats Co. Positions Itself to Capitalize and Ride Industry Growth in the Expanding Catamaran Market
Rhea-AI Summary
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.
Positive
- Net sales up 18% Q3 2025 to $3.43M
- Acquisition of Bahama Boat Works expands brand portfolio
- Launched redesigned 22-foot BayCat recognized by Boat Trader
- Added 14 new dealers/locations in first nine months of 2025
Negative
- None.
News Market Reaction 10 Alerts
On the day this news was published, VEEE declined NaN%, reflecting a moderate negative market reaction. Argus tracked a peak move of +5.4% during that session. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus 2 Down
Sector peers showed broad weakness, with KNDI down 9.18% and VMAR down 5.29% in momentum scans, while other related names like EZGO and KNDI were also negative on the day.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 05 | Board changes | Positive | +0.8% | Election of two new directors with capital markets and tech experience. |
| Dec 03 | Digital strategy | Positive | -1.4% | Launch of AI-based Wizz Banger Valuator to speed marine financing. |
| Nov 24 | Marketing/tax | Positive | +1.1% | Highlighting 100% first-year depreciation tax benefits for qualifying buyers. |
| Nov 12 | Product rollout | Positive | +0.0% | Start of Bahama Boat Works production and customer deliveries. |
| Nov 06 | Earnings update | Neutral | -14.2% | Q3 2025 results with higher sales but ongoing losses and cash usage. |
Recent news reactions are mixed, with strategic and marketing updates sometimes selling off despite generally constructive narratives.
Over the last six weeks, Twin Vee reported Q3 2025 results with net sales of $3.43M up 18%, but the stock fell 14.17% the next day. The company highlighted tax advantages for buyers under the “Big Beautiful Bill,” launched and ramped the acquired Bahama Boat Works brand, and later outlined a digital strategy featuring the AI-powered Wizz Banger Valuator. Governance changes continued with two new directors elected on December 4, 2025. Today’s industry-growth positioning builds on these expansion, product, and governance themes.
Market Pulse Summary
This announcement underscores Twin Vee’s exposure to an industry projected to grow from $2.8 billion in 2024 to $4.6 billion by 2033 at a 5.7% CAGR, while noting Q3 2025 net sales of $3.43 million, up 18%. Recent SEC filings, however, also referenced continued net losses and going-concern language. Investors reviewing this news would likely weigh market tailwinds, dealer expansion, and the Bahama Boat Works acquisition against liquidity needs, dependence on key dealers, and execution on the direct-to-consumer strategy.
Key Terms
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AI-generated analysis. Not financial advice.
FORT PIERCE, FL / ACCESS Newswire / December 16, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced favorable new industry data projecting sustained expansion in the center console power catamarans market. A 2025 report by DataHorizzon Research, titled "Center Console Power Catamarans Market Size, Growth & Forecast Report - 2033," forecasts that the global center console power catamarans market (defined as twin-hull, center-console recreational and commercial boats designed for fishing, cruising, water sports, and offshore activities) is expected to grow from approximately
DataHorizzon's findings indicate that twin hull boats are increasing in popularity among recreational boaters, professional anglers, and commercial operators due to their stability, fuel efficiency, and shallow draft capabilities compared to traditional monohull center console boats. Specifically, the report states that the "market has been driven by technological advancements in hull design, propulsion systems, and construction materials, making these vessels more accessible to a broader range of consumers."
Joseph Visconti, CEO and President of Twin Vee PowerCats Co., believes that Twin Vee stands out in this landscape thanks to the Company's decades-long commitment to designing, manufacturing, and marketing high-performance, twin-hull catamarans renowned for their stability, fuel efficiency, and smooth ride. "The market tailwinds for center-console power catamarans have never been this strong. We believe that our innovative designs, expanding dealer network, and developing direct-to-customer manufacturing model give Twin Vee a substantial competitive edge."
According to Visconti, recent Company milestones underscore Twin Vee's readiness to leverage this improved market environment:
Net sales for the third quarter of 2025 were up
18% to$3.43 million compared to third quarter of 2024.Twin Vee expanded its footprint by acquiring the legacy boat brand Bahama Boat Works and launched a redesigned 22-foot BayCat - a model recognized by Boat Trader as one of the "Best Catamarans for 2025."
The Company is growing its dealer network, adding 14 new dealer/locations during the first nine months of 2025, while continuing to develop its factory-direct sales model, enabling competitive pricing and stronger margins.
DataHorizzon predicts that the center console power catamarans market will experience sustained growth through 2033, driven by fundamental shifts in recreational boating preferences and technological advancement. With its legacy of innovation, expanded product lineup, sales growth, and strategic acquisitions, Twin Vee anticipates that it is positioned to capitalize on these favorable industry dynamics.
"As demand grows across recreational, fishing, and commercial segments, we're ready, and eager, to lead," remarks Visconti.
About Twin Vee PowerCats Co.
Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boats brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boats is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.
The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.
Learn more at twinvee.com and bahamaboatworks.com.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the growth of the center console power catamarans market, the continued expansion of the Company's dealer network, sales model, and product footprint, and improvements in pricing and margins.
These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, economic conditions affecting the center console power catamarans market, the Company's ability to leverage the anticipated growth of such market and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.
Contact:
Glenn Sonoda
investor@twinvee.com
SOURCE: Twin Vee PowerCats Co.
View the original press release on ACCESS Newswire
FAQ
What market growth did Twin Vee cite for center console power catamarans through 2033?
How did Twin Vee's Q3 2025 sales compare to Q3 2024 for VEEE?
What strategic acquisition did Twin Vee (VEEE) complete in 2025?
How is Twin Vee expanding distribution for VEEE products in 2025?
Which Twin Vee model was relaunched and received recognition in 2025?
