Twin Vee PowerCats Co. designs, manufactures, and markets recreational and commercial power catamaran boats. Its boats allow consumers to use them for a range of recreational activities, including fishing, diving, and water skiing; and commercial activities including transportation, eco tours, fishing and diving expeditions. Its boats are used in range of recreational activities, including fishing; diving and water skiing; and commercial activities, such as transportation, eco tours, fishing, and diving expeditions. The company sells its boats through a network of independent boat dealers in North America and the Caribbean. Twin Vee PowerCats Co. is headquartered in Fort Pierce, Florida. Twin Vee Powercats Co. operates as a subsidiary of Twin Vee PowerCats, Inc.
IPO Year: 2021
Exchange: NASDAQ
Website: twinvee.com
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
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 / 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 12, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee") and Forza X1, Inc. (NASDAQ:FRZA) ("Forza"), today jointly announced that they have entered into a definitive merger agreement for an all-stock transaction pursuant to which Forza will merge with and into a wholly owned subsidiary and survive the merger.Under the terms of the merger agreement, each holder of Forza Common Stock (other than Twin Vee) will receive 0.61166627 shares of Twin Vee Common Stock (the "Exchange Ratio") in exchange for each share of Forza Common Stock that they own on the effective date of the merger for a maximum of 5,355,000 shares of Twin Vee Common Stock (no fractiona
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 / 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 / May 23, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it successfully held its annual Twin Vee and AquaSport Dealer Meeting on May 19 and 20 at The Ben Hotel in West Palm Beach, Florida. The annual event welcomed boat dealers from across the country, providing them with an exclusive first look at some of the Company's 2025 model year boats, including Twin Vee's highly anticipated new GFX-2 model line and AquaSport's 28-foot Superboat. "Our annual meeting is the kickoff event of every model year," Joseph Visconti, CEO and President of Twin
FORT PIERCE, FL / ACCESSWIRE / May 22, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that its 2025 model lineup will include an all-digital platform for the first time in the Company's history. This latest addition to its all-new second generation GFX model line replaces the traditional mechanical switches and circuit breakers that have been utilized in Twin Vee's boats in the past and will work seamlessly with optional tech packages the Company plans to offer. The shift to an all-digital platform with a digital switching system represents significant upgrades in the design and functi
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
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8-K - Twin Vee PowerCats, Co. (0001855509) (Filer)
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8-K - Twin Vee PowerCats, Co. (0001855509) (Filer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
4 - Twin Vee PowerCats, Co. (0001855509) (Issuer)
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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 / November 6, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza" or the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, today reported operational highlights and financial results for the third quarter of fiscal 2023."We intend to be among the first to develop and manufacture electric boats targeting the recreational market," said Jim Leffew, Chief Executive Officer and President of Forza X1, Inc. "We are focused on the creation and implementation of marine electric vehicle ("EV") technology to control and power our electric boats utilizing our proprietary outboard electric motor. Our electric boats are being designe
FORT PIERCE, FL / ACCESSWIRE / November 6, 2023 / 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 Monday, November 13, 2023, at 10:00 a.m. (Eastern Time) questions about the Company's operational and financial highlights for the third quarter of 2023. Financial results will be issued in a press release before the call.Event: Twin Vee PowerCats Co. Third Quarter 2023 Earnings Conference CallDate: Monday, November 13, 2023Time: 10:00 a.m. Eastern TimeLive Call and Q&A:Toll Free: 1-877-407-3982Toll/International: 1-201-493-6780Conference ID: 13742420Audio Webcas
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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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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