Twin Vee PowerCats Reports 9.9% Increase in Q2 2025 Revenues to $4.8 Million

Reuters

Aug 13

<a href="https://laohu8.com/S/TVPC">Twin Vee</a> PowerCats Reports 9.9% Increase in <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Revenues to $4.8 Million

Twin Vee PowerCats Co. (Nasdaq: VEEE) reported its financial results for the second quarter ended June 30, 2025, showing a 9.9% increase in revenues to $4.8 million compared to the same period in 2024. The company's gross margin improved by 910 basis points to 13.8% from the previous year. Additionally, Twin Vee increased its cash, cash equivalents, and restricted cash to $6.2 million. Key business updates include the acquisition of Bahama Boat Works and the introduction of a new 22' BayCat model, which is historically a popular choice. The company also expanded its dealer network by adding 10 new locations. Looking forward, Twin Vee plans to expand the Bahama Boat lineup with new models, including 22, 24, and 28-foot vessels, to complement the existing range.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Twin Vee PowerCats Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001731122-25-001103), on August 12, 2025, and is solely responsible for the information contained therein.

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(Nasdaq: VEEE) reported its financial results for the second quarter ended June 30, 2025, showing a 9.9% increase in revenues to $4.8 million compared to the same period in 2024. The company's gross margin improved by 910 basis points to 13.8% from the previous year. Additionally, Twin Vee increased its cash, cash equivalents, and restricted cash to $6.2 million. Key business updates include the acquisition of Bahama Boat Works and the introduction of a new 22' BayCat model, which is historically a popular choice. The company also expanded its dealer network by adding 10 new locations. Looking forward, Twin Vee plans to expand the Bahama Boat lineup with new models, including 22, 24, and 28-foot vessels, to complement the existing range.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Twin Vee PowerCats Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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(Nasdaq: VEEE) reported its financial results for the second quarter ended June 30, 2025, showing a 9.9% increase in revenues to $4.8 million compared to the same period in 2024. The company's gross margin improved by 910 basis points to 13.8% from the previous year. Additionally, Twin Vee increased its cash, cash equivalents, and restricted cash to $6.2 million. Key business updates include the acquisition of Bahama Boat Works and the introduction of a new 22' BayCat model, which is historically a popular choice. The company also expanded its dealer network by adding 10 new locations. Looking forward, Twin Vee plans to expand the Bahama Boat lineup with new models, including 22, 24, and 28-foot vessels, to complement the existing range.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Twin Vee PowerCats Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001731122-25-001103), on August 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VEEE","symbol_name":"Twin Vee Powercats Co","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250812:nNDL22YF4j:1","article_id":"2559481629","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2559481629","pubTimestamp":1755029078,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Twin Vee PowerCats Co.  reported its financial results for the second quarter ended June 30, 2025, showing a 9.9% increase in revenues to $4.8 million compared to the same period in 2024. 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(Nasdaq: VEEE) reported its financial results for the second quarter ended June 30, 2025, showing a 9.9% increase in revenues to $4.8 million compared to the same period in 2024. The company's gross margin improved by 910 basis points to 13.8% from the previous year. Additionally, Twin Vee increased its cash, cash equivalents, and restricted cash to $6.2 million. Key business updates include the acquisition of Bahama Boat Works and the introduction of a new 22' BayCat model, which is historically a popular choice. The company also expanded its dealer network by adding 10 new locations. Looking forward, Twin Vee plans to expand the Bahama Boat lineup with new models, including 22, 24, and 28-foot vessels, to complement the existing range.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Twin Vee PowerCats Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001731122-25-001103), on August 12, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}