10-Q - Twin Vee PowerCats, Co. (0001855509) (Filer)

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FORT PIERCE, FL / ACCESSWIRE / November 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a manufacturer of Twin Vee PowerCats and AquaSport boats known as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida, today reported operational highlights and financial results for the three months ended September 30, 2024.Highlights: (Unless otherwise noted, all comparisons are to the three months ended September 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Q3" refers to the three months ended September 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refer

FORT PIERCE, FL / ACCESSWIRE / November 13, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), and Forza X1, Inc. (OTC:FRZA),("Forza"), today announced that their respective shareholders have voted to approve the previously announced merger agreement at their respective annual shareholder meetings held on November 11, 2024.The merger's closing is subject to the satisfaction of the remaining customary closing conditions, and both companies expect the merger to close in the near future. Upon closing, Forza will merge with and into Twin Vee Merger Sub, Inc., a wholly-owned subsidiary of Twin Vee, with Forza surviving the merger as a wholly-owned subsidiary of Twin Vee.

FORT PIERCE, FL / ACCESSWIRE / November 7, 2024 / Twin Vee PowerCats, Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Thursday, November 14, 2024, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the third quarter of 2024. Financial results will be issued in a press release before the call.Event: Twin Vee PowerCats Co. Third Quarter 2024 Earnings CallDate: Thursday, November 14, 2024Time: 12:00 p.m. Eastern TimeLive Call and Q&A:Toll Free: 1-877-407-3982Toll/International: 1-201-493-6780Conference ID: 13749

FORT PIERCE, FL / ACCESSWIRE / October 30, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, launched its new webcast series, "CEO Hustle," with two videos hosted by CEO Joseph Visconti. CEO Hustle is posted regularly on Joseph's social media accounts and YouTube channel, ensuring convenient access for individuals who prefer to consume content on their platform of choice.Subscribe to Joseph's Social Media Accounts.Visit Twin Vee PowerCats Co. on Facebook and Instagram.Visit AquaSport on Facebook and Instagram.Watch Twin Vee and AquaSport's Legacy of Boat Building Excellence on YouTube.Watch the Twin Vee

FORT PIERCE, FL / ACCESSWIRE / October 22, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced its participation and presentation at the ThinkEquity Conference being held at the Mandarin Oriental Hotel in New York on October 30, 2024.Representing Twin Vee at the ThinkEquity Conference will be Joseph Visconti, Twin Vee's Chairman and Chief Executive Officer, along with Michael P. Dickerson, the Chief Financial and Administrative Officer. They are scheduled to present on Wednesday, October 30, at 12:00 p.m. Eastern Time and will also be available for one-on-one meetings with institutional ana

FORT PIERCE, FL / ACCESSWIRE / October 16, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, announced that renowned marine publication Power & Motoryacht positively reviewed the newly launched 28AS center console from its wholly-owned subsidiary, Aquasport, last week. Aquasport's 28AS is an entirely new design, the first in three decades. According to the Company, the new 28AS is a sleek and powerful center console for offshore adventures that boasts an innovative design, superior build, and sophisticated electronics. "The 28AS is Aquasport's new flagship with a 28'3" overall length, 9'6" beam, and

FORT PIERCE, FL / ACCESSWIRE / September 30, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that plans to launch a redesigned 22-foot BayCat boat, adding it to the Company's expanding product line. Set to debut in early 2025, Twin Vee's best-selling bay boat is back. The 220 BayCat has been reimagined to provide the best ride in a compact, towable package. Offering the stability and smooth handling that Twin Vees are known for, the 220 BayCat is designed to be ideal for any water adventure. "The 220 BayCat is the next addition to Twin Vee's new and improved lineup and will come in two

FORT PIERCE, FL / ACCESSWIRE / September 24, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the appointment of Carol Hindsman as its new Chief Technology Officer (CTO). Hindsman, an accomplished engineer and technology executive, will play a pivotal role in overseeing the development of Twin Vee's Pro-Direct Platform, an automotive-inspired online marketplace being designed to revolutionize the boat-buying process, improve customer satisfaction, and help expand its reach to more markets nationwide.Hindsman brings a wealth of experience to the Company. With a diverse career that include

FORT PIERCE, FL / ACCESSWIRE / September 19, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer of offshore, family-friendly sport boats, today announced the launch of its all-new 280 GFX2. Twin Vee's next-generation 28-foot boat was released in a YouTube video where CEO Joseph Visconti showcased and demonstrated the many new upgrades and additions Twin Vee designed and engineered into this offshore PowerCat fishing machine. The 280 GFX2 marks a significant leap forward in boating technology. As Visconti mentions during the video, the 280 GFX2 "is an all-digital product." A 24-inch, fully integrated touchscreen helm offers an intuitive use

FORT PIERCE, FL / ACCESSWIRE / September 16, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, announced today that it has initiated a groundbreaking plan to transform the boat buying experience with the introduction of its automotive industry-inspired "Pro-Direct Platform." The Company anticipates its Pro-Direct Platform will revolutionize how its products are sold, improve customer satisfaction, and help expand its reach to more markets nationwide."I entered the marine industry nearly ten years ago, and from that first day, I have personally struggled with how a majority of boat buyers experience a les

FORT PIERCE, FL / ACCESSWIRE / November 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a manufacturer of Twin Vee PowerCats and AquaSport boats known as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida, today reported operational highlights and financial results for the three months ended September 30, 2024.Highlights: (Unless otherwise noted, all comparisons are to the three months ended September 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Q3" refers to the three months ended September 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refer

FORT PIERCE, FL / ACCESSWIRE / November 7, 2024 / Twin Vee PowerCats, Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Thursday, November 14, 2024, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the third quarter of 2024. Financial results will be issued in a press release before the call.Event: Twin Vee PowerCats Co. Third Quarter 2024 Earnings CallDate: Thursday, November 14, 2024Time: 12:00 p.m. Eastern TimeLive Call and Q&A:Toll Free: 1-877-407-3982Toll/International: 1-201-493-6780Conference ID: 13749

FORT PIERCE, FL / ACCESSWIRE / August 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), manufactures Twin Vee PowerCats and AquaSport boats knows as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida today reported operational highlights and financial results for three months ended June 30, 2024.Highlights for three months ended June 30, 2024: (Unless otherwise noted, all comparisons are to the three months ended June 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segm

FORT PIERCE, FL / ACCESSWIRE / August 7, 2024 / Twin Vee PowerCats, Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Wednesday, August 14, 2024, at 4:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the second quarter of 2024. Financial results will be issued in a press release before the call.Event: Twin Vee PowerCats Co. Second Quarter 2024 Financial Results Conference CallDate: Wednesday, August 14, 2024Time: 4:00 p.m. Eastern TimeLive Call and Q&A:Toll Free: 1-877-407-3982Toll/International: 1-201-493-6780Conf

FORT PIERCE, FL / ACCESSWIRE / May 15, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for three months ended March 31, 2024.Highlights for three months ended March 31, 2024: (All comparisons are to the three months ended March 31, 2023 unless otherwise noted)Revenue for the three months ending March 31, 2024, decreased by 41% to $5,276,000 from $8,877,000 in the corresponding period of the previous year.Twin Vee's Gas-Powered boat segment adjusted net loss for the quarter ending March 31, 2024, was $669,500.Consolidated n

FORT PIERCE, FL / ACCESSWIRE / May 8, 2024 / Twin Vee PowerCats, Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Wednesday, May 15, 2024, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for Q1 2024. Financial results will be issued in a press release before the call.Event: Twin Vee PowerCats Co. Q1 2024 Financial Results Conference CallDate: Wednesday, May 15, 2024Time: 12:00 p.m. Eastern TimeLive Call and Q&A:Toll Free: 1-877-407-3982Toll/International: 1-201-493-6780Conference ID: 13746470Audio Webcast: LINK

FORT PIERCE, FL / ACCESSWIRE / May 8, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, will host a conference call and audio webcast on Wednesday, May 15, 2024, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company's first quarter. Financial results will be issued in a press release before the call.Event: Forza X1, Inc. First Quarter 2024 Financial Results Conference CallDate: Wednesday, May 15, 2024Time: 10:00 a.m. Eastern TimeLive Call and Q&A:Toll-Free: 1-877-407-4018Toll/International: 1-201-689-8471Conference ID: 13746471Audio Webcast: LINK HERE (Participants li

(This release corrects the release that was posted earlier on March 19, 2024 to clarify that Twin Vee PowerCats Co.'s conference call and audio webcast will be held at 12:00 pm ( Eastern Time ) on Tuesday, March 26, 2024.)FORT PIERCE, FL / ACCESSWIRE / March 19, 2024 / Twin Vee PowerCats, Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport catamaran boats, will host a conference call and audio webcast on Tuesday, March 26, 2024, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for Year End 2023. Financial results will be issued in a press release before the call.Event: T

FORT PIERCE, FL / ACCESSWIRE / March 19, 2024 / Twin Vee PowerCats, Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport catamaran boats, will host a conference call and audio webcast on Tuesday, March 26, 2024, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for Year End 2023. Financial results will be issued in a press release before the call.Event: Twin Vee PowerCats Co. Year End 2023 Financial Results Conference CallDate: Tuesday, March 26, 2024Time: 12:00 p.m. Eastern TimeLive Call and Q&A:Toll Free: 1-877-407-3982Toll/International: 1-201-493-6780Conference ID: 137

FORT PIERCE, FL / ACCESSWIRE / November 13, 2023 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for the third quarter of fiscal year 2023.The Company is pleased to report an 8% increase in consolidated net revenue for the nine months ended September 30, 2023, to $24,980,902 as compared to $23,217,634 in the same period in 2022. For the nine months ended September 30, 2023, Twin Vee alone had a net operating loss of $512,466, as compared to a net loss of $341,344 in the prior year. The Twin Vee operating loss is stated before c

FORT PIERCE, FL / ACCESSWIRE / September 24, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the appointment of Carol Hindsman as its new Chief Technology Officer (CTO). Hindsman, an accomplished engineer and technology executive, will play a pivotal role in overseeing the development of Twin Vee's Pro-Direct Platform, an automotive-inspired online marketplace being designed to revolutionize the boat-buying process, improve customer satisfaction, and help expand its reach to more markets nationwide.Hindsman brings a wealth of experience to the Company. With a diverse career that include

FORT PIERCE, FL / ACCESSWIRE / July 15, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a designer, manufacturer, and distributor of recreational and commercial power boats, is pleased to announce the appointment of Karl Zimmer as President of the Company effective July 12, 2024. This strategic leadership change will enable Joseph Visconti, the current CEO who until the appointment also served as President, to dedicate his efforts towards expanding the Company's business, developing potential mergers and acquisitions, enhancing sales and marketing strategies, expanding investor relations, and steering the long-term vision of Twin Vee.Karl Zimmer's career spans nea

FORT PIERCE, FL / ACCESSWIRE / April 5, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a designer, manufacturer, and distributor of recreational and commercial power boats, today announced the appointment of Michael P. Dickerson as its Chief Financial & Administrative Officer, effective April 4, 2024. Mr. Dickerson succeeds former CFO Carrie Gunnerson, who was appointed in October 2021.Mr. Dickerson comes to Twin Vee with 35 years of corporate experience in multi-billion dollar publicly traded and private companies, including Dorman Products, Inc., Aaron's Inc., Gannett Co., Inc., The Babcock & Wilcox Company, General Cable Corporation, and Belden, Inc. He has sp

FORT PIERCE, FL / ACCESSWIRE / March 18, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced last week the appointment of Joseph Visconti as the Company's Interim Chief Executive Officer and Daniel Norton as the Company's President, effective immediately. They replace Jim Leffew, who notified the Company of his resignation on March 6th.Mr. Visconti currently serves as Forza's Executive Chairman and Chief of Product Development in addition to his recent appointment as Interim CEO. Mr. Visconti is also the CEO, President, and Chairman of Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee")

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Shares of Tellurian Inc. (NASDAQ:TELL) rose sharply in today's pre-market trading after Woodside Energy announced plans to acquire the company for $900 million in all-cash deal. The implied enterprise value is around $1,200 million. Tellurian shares jumped 65% to $0.9422 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Netcapital Inc. (NASDAQ:NCPL) rose 43.8% to $0.1495 in pre-market trading after jumping more than 12% on Friday. Netcapital, last week, announced the launch of the beta version of its secondary trading platform. Serve Robotics Inc. (NASDAQ:SERV) gained 36.8% to $10.33 in pre-market trading. Serve Robotics shares jumped

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Twin Vee PowerCats (NASDAQ:VEEE) reported quarterly losses of $(0.18) per share. This is a 5.26 percent increase over losses of $(0.19) per share from the same period last year. The company reported $5.28 million in sales this quarter. This is a 40.57 percent decrease over sales of $8.88 million the same period last year.

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Gainers Kidpik (NASDAQ:PIK) stock rose 30.0% to $4.25 during Thursday's regular session. The market value of their outstanding shares is at $8.0 million. Mullen Automotive (NASDAQ:MULN) shares increased by 21.37% to $5.28. The market value of their outstanding shares is at $34.5 million. RH (NYSE:RH) stock moved upwards by 17.54% to $349.11. The market value of their outstanding shares is at $6.3 billion. The company's, Q4 earnings came out yesterday. Fitell (NASDAQ:FTEL) shares moved upwards by 13.86% to $7.8. The market value of their outstanding shares is at $86.7 million. U Power (NASDAQ:UCAR) shares moved upwards by 13.06% to $0.06. The company's market cap stands at $3.5 million.

Companies Reporting Before The Bell • bluebird bio (NASDAQ:BLUE) is likely to report quarterly loss at $0.66 per share on revenue of $16.68 million. • AIM ImmunoTech (AMEX:AIM) is estimated to report earnings for its fourth quarter. • Elbit Systems (NASDAQ:ESLT) is projected to report quarterly earnings at $1.38 per share on revenue of $1.52 billion. • GDS Holdings (NASDAQ:GDS) is likely to report quarterly loss at $0.33 per share on revenue of $357.63 million. • Bragg Gaming Group (NASDAQ:BRAG) is estimated to report quarterly loss at $0.01 per share on revenue of $37.82 million. • BioLine Rx (NASDAQ:BLRX) is expected to report earnings for its fourth quarter. • Zhihu (NYSE:ZH) is li

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