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Twin Vee Powercats Co   (VEEE)
Other Ticker:  
 
    Sector  Capital Goods    Industry Ship & Boat Building
 
Price: $1.2700 $0.12 10.435%
Day's High: $1.29 Week Perf: 9.48 %
Day's Low: $ 1.17 30 Day Perf: -3.05 %
Volume (M): 37 52 Wk High: $ 2.39
Volume (M$): $ 47 52 Wk Avg: $1.60
Open: $1.25 52 Wk Low: $1.06



 Market Capitalization (Millions $) 12
 Shares Outstanding (Millions) 10
 Employees -
 Revenues (TTM) (Millions $) 34
 Net Income (TTM) (Millions $) -5
 Cash Flow (TTM) (Millions $) -8
 Capital Exp. (TTM) (Millions $) 3

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
   VEEE is expected to report next financial results on March 28, 2024.


   

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Twin Vee Powercats Co

Headline: 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.






 

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