Twin Vee reported FY 2025 net sales of USD 14.8 million (+3.0%), with gross income of USD 1.3 million (8.5% of sales) and an operating loss of USD 8.8 million. Net loss was USD 8.6 million, or a basic and diluted loss per share of USD 4.37, on a weighted average 1,968,121 shares. Cash and cash equivalents were USD 1.4 million at Dec. 31, 2025, with working capital of USD 2.7 million; the company said it does not have sufficient cash and cash equivalents to meet ongoing expenses for at least 12 months from the filing date. For FY 2025, Twin Vee sold 93 boats (+7%), while average price per unit fell about 5% due primarily to the introduction of the 22' BayCat. The company cited cost-structure reductions and manufacturing brought in-house as contributors to improved gross profit. Key corporate updates included the June 2025 acquisition of assets related to the Bahama Boat Works brand (USD 100,000 paid plus up to USD 2.9 million contingent consideration), a May 2025 underwritten public offering that generated USD 2.6 million in net proceeds, and the October 2025 sale of its Marion, North Carolina property for USD 500,000 upfront plus USD 3.75 million in installment payments with 5% interest. Twin Vee also disclosed a February 2026 best-efforts public offering that generated approximately USD 2.5 million in net proceeds, and announced in January 2026 the formation of a strategic steering committee focused on autonomous marine technologies and the creation of a defense-focused subsidiary, Black Line Defense.

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: 0001731122-26-000317), on February 27, 2026, and is solely responsible for the information contained therein.