Twin Vee PowerCats reports Q1 EPS ($1.08) vs. ($1.77) last year

Reports Q1 revenue $3.6M vs. $5.3M last year. “We are pleased to report a strong start to 2025, with top-line growth and margin expansion that outpaced expectations,” said Joseph Visconti, CEO and President of Twin Vee PowerCats (VEEE) Co. “Our team executed well across the board-growing revenues by more than 90% over the fourth quarter of 2024, expanding gross margins, and staying disciplined with operating costs. The addition of several new dealers in the first quarter underscores growing market confidence in the Twin Vee brand and further extends our reach into key regional markets. Looking ahead, we expect the second quarter to reflect continued sequential growth in revenue as market conditions gradually improve and consumer demand begins to rebound. We are committed to scaling responsibly, that is, balancing production increases with expense control and working capital discipline. With most of our heavy capital investments now behind us, we anticipate a more favorable cash profile going forward.”