Power sport boats maker Twin Vee's Q3 sales rise 18%

Twin Vee PowerCats Co (Pre-Reincorporation)

06/11/2025 13:38

Overview

Twin Vee Q3 net sales up 18% yr/yr to $3.43 mln

Net loss for Q3 improved 8% to $2.76 mln

Company strengthens liquidity with $500,000 property sale proceeds

Outlook

Company expects to enter 2026 with a leaner cost structure

Twin Vee anticipates stronger cash flow generation potential in 2026

Company is preparing 2026 model launches to expand offshore segment

Result Drivers

COST CONTROL - Improved cost control and efficiency led to a narrowed gross loss

PROPERTY SALE - Sale of Marion facility provided immediate liquidity and future payments

DEALER EXPANSION - Expanded dealer coverage in higher-velocity markets to boost sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
$11.80 mln
9M Net Income
-$6.02 mln
9M Gross Profit
$1.15 mln


Press Release: ID:nACSby9pNa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)