Every 10-Q that Twin Vee PowerCats Co. (VEEE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VEEE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VEEE filings page.
Twin Vee PowerCats Co. reported weak results for the quarter and six months ended June 30, 2026. Second-quarter net sales were $3,128,374 with a gross loss and a loss from operations of $3,021,537, leading to a net loss of $2,898,012. For the first half of 2026, net sales were $7,093,080, with a loss from operations of $5,157,471 and a net loss of $4,992,290.
At June 30, 2026, total assets were $20,651,788 and total liabilities $6,246,232, leaving stockholders’ equity of $14,405,556. Cash, cash equivalents and restricted cash were $3,929,427, supported by three equity offerings in early 2026 that issued 468,863 shares for net proceeds of $5,800,025, while operating activities used $3,271,122 of cash. The accumulated deficit reached $38,992,518, and there remains an SBA Economic Injury Disaster Loan of $499,900.
Management states that recurring losses and expected continued negative cash flow raise substantial doubt about the company’s ability to continue as a going concern. The company executed 1-for-10 and 1-for-37 reverse stock splits and corrected an improperly approved Nevada reincorporation, remaining a Delaware corporation while seeking stockholder ratification of the reverse split under Delaware law. After June 30, 2026, Twin Vee agreed to merge with USFM Corporation, under which its stockholders would receive shares representing 10% of the post-merger acquiror and contingent value rights tied to a separate vehicle holding existing assets and liabilities.
Twin Vee PowerCats reported Q1 2026 net sales of $3.96 million, up about 10% year over year, driven by dealer expansion and higher average selling prices per boat. However, gross margin fell to about 5% as launch costs for Bahama Boats and higher inventory reserves weighed on profitability.
The company posted a net loss of $2.09 million and an accumulated deficit of $36.1 million. Management disclosed substantial doubt about its ability to continue as a going concern without additional capital or stronger cash generation. To bolster liquidity, Twin Vee closed three equity offerings in the quarter, raising about $5.8 million and ending March 31, 2026 with $5.67 million in cash, cash equivalents and restricted cash.
The company also detailed a reincorporation to Nevada, a new long-term facility lease with a related party, and ongoing Nasdaq listing challenges tied to its share price, which it is addressing through reverse stock splits and an appeal process.
Twin Vee PowerCats (VEEE) filed its Q3 2025 10‑Q, reporting net sales of $3,428,977 and a net loss of $2,755,513 for the quarter. Gross margin was slightly negative, with a gross loss of $45,229 as cost of products sold exceeded sales. Operating loss narrowed year over year to $2,776,695 as operating expenses declined. For the first nine months of 2025, revenue was $11,796,886 and net loss was $6,019,824.
Cash and cash equivalents were $2,704,571 at September 30, 2025, down from $7,491,123 at year‑end, reflecting $5,129,964 of cash used in operating activities. Total assets fell to $18,894,710 from $25,887,905, and stockholders’ equity was $15,931,620. The company disclosed “substantial doubt” about its ability to continue as a going concern.
Management highlighted a 1‑for‑10 reverse stock split effective April 7, 2025 and a May underwritten offering of 750,000 shares at $4.00 per share, yielding $2,555,101 in net proceeds. Subsequent to quarter‑end, Twin Vee closed the sale of its Marion, NC property for $4,250,000, receiving $500,000 at closing and the balance via installments at 5% interest. Dealer concentration remained high, with four dealers accounting for 83% of Q3 sales. Shares outstanding were 2,237,299 as of November 4, 2025.