Twin Vee PowerCats reports Q2 EPS (87c) vs. ($3.09) last year

Reports Q2 revenue $4.8M vs. $4.3M last year. “We are pleased to report another quarter of revenue growth and over 900 basis points of margin expansion in the second quarter,” said Joseph Visconti, CEO and President of Twin Vee PowerCats (VEEE) Co. “Our team continues to execute on a number of fronts, including new dealer expansion leading to revenue growth, cost improvement initiatives, integration of the newly acquired Bahama Boat Works and leveraging our boatsforsale.com website to enhance customer and dealer interaction with the new and used boat market infrastructure utilizing advanced AI tools. Looking ahead, we are expanding the Bahama Boat lineup to include 22, 24 and 28-foot models to complement their existing 35, 37, 41 and 41GT portfolio. Bahama is a premier offshore fishing vessel called out by the most discriminating buyers. With the recent passing of renowned Bahama boat builder Scott Henley, Twin Vee is more determined than ever to embrace his legacy of superb fit and finish of the boats he created and will use that as a blueprint to enhance all the models in the Twin Vee lineup.”