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Twin Vee Powercats Co   (NASDAQ: VEEE)
Other Ticker:  
 
    Sector • Capital Goods    Industry • Ship & Boat Building
 
Price: $0.4249 $0.01 1.992%
Day's High: $0.434 Week Perf: 0.95 %
Day's Low: $ 0.42 30 Day Perf: -6.57 %
Volume (M): 38 52 Wk High: $ 1.37
Volume (M$): $ 16 52 Wk Avg: $0.64
Open: $0.42 52 Wk Low: $0.31



 Market Capitalization (Millions $) 4
 Shares Outstanding (Millions) 10
 Employees 21
 Revenues (TTM) (Millions $) 21
 Net Income (TTM) (Millions $) -17
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 8

Twin Vee Powercats Co
Twin Vee Powercats Co is a boat manufacturing company that specializes in producing power catamarans. They offer a range of models that are known for their stability, performance, and fuel efficiency. Twin Vee Powercats Co has a reputation for using high-quality materials and expert craftsmanship in their boats. Customers can expect a comfortable and smooth ride, whether they are using the boat for fishing, cruising, or watersports.


   Company Address: 3101 S. US-1 Ft. Pierce 34982 FL
   Company Phone Number: 429-2525   Stock Exchange / Ticker: NASDAQ VEEE


   

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Twin Vee Powercats Co

Twin Vee Powercats Co Faces Startling Adversities with Sharp Decline in Revenue


As investors eagerly anticipated the financial results for Twin Vee Powercats Co, the boat-building industry juggernaut, the figures delivered were far from satisfactory. The company's financial report for the fiscal interval ending March 31, 2024, highlighted a worrying decline in revenue and net loss per share.
During this period, Twin Vee Powercats Co experienced a staggering 40.563% drop in revenue, which plummeted to $5.28 million. This sharp decline is even more concerning when compared to the previous fiscal year's revenue of $8.35 million, representing a significant fall of 36.791%.
Twin Vee Powercats Co

Twin Vee Powercats Co Sees Positive Turnaround in Fiscal Fourth Quarter of 2023

stors in Twin Vee Powercats Co can certainly take heart as the company exhibits signs of a remarkable turnaround in its recent fiscal period. This improvement in profitability is particularly promising, given the challenging economic environment the company faced over the past year.
In the most recent fiscal period, Twin Vee Powercats Co reported a significant rebound in earnings per share (EPS), recording $0.39 per share. This is a stark contrast to the bleak performance of $-0.40 per share reported a year ago. Moreover, the company also managed to reverse its negative EPS of $-0.20 per share from the preceding financial reporting period.
Twin Vee Powercats Co

Twin Vee Powercats Co Faces Challenging Quarter with Dwindling Demand and Deepening Losses in Q3 2023 Earnings Season

Twin Vee Powercats Co Struggles with Lower Demand, Diminishing Revenue, and Increased Loss in Q3 2023 Earnings Season
In the third quarter of the 2023 earnings season, Twin Vee Powercats Co experienced a decline in demand, resulting in diminishing revenue and a greater loss. The company reported an increase in loss per share to $-0.20 per share, while revenue plummeted by -8.346% to $8.08 million compared to the previous year.
During the corresponding financial reporting period, Twin Vee Powercats Co had achieved revenue of $8.12 million with a bottom line of $0.00 per share. However, the current performance indicates a significant shift in the company's financial status.
Twin Vee Powercats Co

Leading Ship and Boat Building Company, Twin Vee Powercats Co, Reports Disappointing Financial Results for Q2 2023: Revenues Decline, Net Deficit Increases, and Inventory Levels Cause Concern



Twin Vee Powercats Co, a leading ship and boat building company, has recently reported its financial results for the second quarter of 2023. Unfortunately, the company's performance has left much to be desired, with a consistent decline in revenue, increased net deficit, and worrying inventory levels. In this article, we will analyze these figures and highlight the bearish sentiment surrounding Twin Vee Powercats Co.
Deteriorating Financial Performance:
Twin Vee Powercats Co's financial performance for the second quarter of 2023 was alarming. The company's earnings per share (EPS) reached break-even at $0.00 per share, same as the prior year but a significant decline from the preceding quarter's EPS of -$0.19. This indicates a consistent trend of decreasing profitability and raises concern for investors.
Twin Vee Powercats Co

Challenges Mount for Twin Vee Powercats Co. as Deficit Surges to -$0.19, Inventory Woes Pose Risks

As a cautious investor in the stock market, it is important to approach companies with a critical eye and carefully analyze their financial statements before making any investment decisions. One such company that is currently facing some challenges is Twin Vee Powercats Co., a Marine Transportation company.
Looking at their latest financial statements, it is clear that Twin Vee's inventory turnover ratio has decreased and their inventory processing period has increased. This could suggest that they are facing difficulty in selling their products, with a build-up of stock on hand.






Twin Vee Powercats Co's Segments
Gas Powered Boats    104.61 % of total Revenue
Electric Boat And Development    0.41 % of total Revenue





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