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Twin Vee PowerCats (VEEE)
NASDAQ:VEEE
US Market

Twin Vee PowerCats (VEEE) AI Stock Analysis

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Twin Vee PowerCats

(NASDAQ:VEEE)

Rating:46Neutral
Price Target:
$2.00
▼(-9.09%Downside)
Twin Vee PowerCats faces major financial hurdles, with declining revenues and persistent losses being the most significant challenges. Despite some positive developments in strategic initiatives and corporate actions, the overall weak financial and technical performance heavily influences the stock score.

Twin Vee PowerCats (VEEE) vs. SPDR S&P 500 ETF (SPY)

Twin Vee PowerCats Business Overview & Revenue Model

Company DescriptionTwin Vee PowerCats Co. designs, manufactures, and markets recreational and commercial power catamaran boats. The company operated through three segments: Gas-Powered Boat, Electric-Powered Boat, and Franchise. The company's 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. Further, it is developing fully electric and gas-powered boats. The company sells its boats through a network of 19 independent boat dealers in North America and the Caribbean. Twin Vee PowerCats Co. was founded in 1996 and is headquartered in Fort Pierce, Florida. Twin Vee Powercats Co. operates as a subsidiary of Twin Vee PowerCats, Inc.
How the Company Makes MoneyTwin Vee PowerCats generates revenue primarily through the sale of its power catamaran boats. The company offers a portfolio of catamarans designed for both recreational and commercial use, catering to different customer needs and preferences. Revenue streams are driven by direct sales to consumers and through a network of authorized dealers and distributors. Additionally, the company may engage in partnerships with marine service providers and accessory manufacturers to enhance the value proposition of its boats, although specific partnership details are not disclosed. Factors such as innovation in design, fuel efficiency, and durability contribute significantly to the company's earnings by attracting a wide range of customers seeking high-performance and reliable marine vessels.

Twin Vee PowerCats Earnings Call Summary

Earnings Call Date:May 08, 2025
(Q1-2025)
|
% Change Since: -13.73%|
Next Earnings Date:Aug 19, 2025
Earnings Call Sentiment Positive
Twin Vee Powercats Co. shows significant operational progress with strong revenue growth, improved gross margins, and strategic developments in product launches and digital strategies. Despite these positive trends, challenges remain with declining average sale prices, continued net losses, and potential tariff impacts. The overall sentiment is cautiously optimistic, with a focus on efficiency and growth.
Q1-2025 Updates
Positive Updates
Strong Revenue Growth
Twin Vee Powercats Co. reported $3.6 million in revenue for the first quarter, marking a 91.7% sequential increase over February 2024, outperforming the previously guided 50% growth.
Improvement in Gross Margins
Gross margins improved to 14.9%, up 961 basis points from the same period last year, driven by better manufacturing efficiency.
Expansion of Dealer Network
The company added six new dealer locations, indicating a strategic expansion of its dealer network.
Operational Efficiency Achievements
Operating expenses were reduced by 21% year over year, including reductions in SG&A, salaries, professional fees, and R&D expenditures.
New Product Launch
The introduction of the new 2022 22-foot Twindie Bay Cat aimed at the growing inshore market has generated strong interest.
Digital and Facility Developments
Completion of a 30,000 sq ft facility expansion and upcoming launch of a new interactive website to enhance customer engagement.
Negative Updates
Decline in Average Sale Price
The average sale price per unit fell to $151,000 in the first quarter from $171,000 in the fourth quarter due to a higher mix of smaller 22 and 24-foot boats.
Continued Net Losses
Despite improvements, the company reported an adjusted net loss averaging $333,000 per month, though this was a 17% improvement over previous expectations.
Impact of Tariffs
Potential challenges due to new or expanded tariffs on materials and components relevant to the marine manufacturing industry, particularly in motors and electronics.
Company Guidance
During the call, Twin Vee Powercats Co. provided detailed guidance emphasizing several key metrics and strategic initiatives. For the first quarter of 2025, the company reported $3.6 million in revenue, marking a 91.7% sequential increase over February 2024, surpassing their previous guidance of 50% growth. They shipped 24 units, up 118% sequentially, with an average sale price of $151,000 compared to $171,000 in the previous quarter, reflecting a mix shift to smaller boats. Gross margins improved to 14.9%, a 961 basis point increase from the same period last year, driven by enhanced manufacturing efficiency, while operating expenses were reduced by 21% year over year. The company also noted an adjusted net loss of $333,000 per month, a 17% improvement from the expected $400,000. Inventory turnover improved from 4.5 to 5 turns, indicating better production and dealer demand alignment. Furthermore, Twin Vee highlighted its strategic focus on expanding the dealer network, improving inventory management, and launching a new digital platform to enhance customer engagement. Despite potential tariff challenges, the company remains optimistic about sequential revenue growth in the upcoming quarters.

Twin Vee PowerCats Financial Statement Overview

Summary
Twin Vee PowerCats faces significant financial challenges, including declining revenues, persistent net losses, and negative cash flows. Despite a low leverage balance sheet, the company's inability to generate profits and cash flow may hinder flexibility and growth potential.
Income Statement
35
Negative
Twin Vee PowerCats has shown a significant decline in revenue, Gross Profit Margin, and Net Profit Margin over recent periods. The company's revenue decreased from $33.4M in 2023 to $12.7M TTM, indicating a negative growth trend. The Gross Profit Margin is negative TTM, highlighting a cost structure that surpasses revenues. Net profit is also negative, indicating sustained losses. These metrics suggest challenges in achieving profitability and managing operational costs effectively.
Balance Sheet
45
Neutral
The company's balance sheet shows a mixed picture with a reasonable Debt-to-Equity Ratio of 0.17 TTM, indicating low leverage. However, there is a declining trend in Stockholders' Equity from $28.4M in 2022 to $17.7M TTM. The Equity Ratio remains healthy at 75% TTM, suggesting a stable asset funding structure. Despite low debt, the declining equity indicates challenges in value retention and financial stability.
Cash Flow
30
Negative
Twin Vee PowerCats is experiencing negative cash flow trends, with Free Cash Flow deeply negative at -$12.1M TTM. Operating Cash Flow is also negative, suggesting operational struggles to generate cash. Free Cash Flow to Net Income Ratio is unfavorable, indicating inefficiencies in converting earnings to cash. The ongoing cash deficits could impact the company’s ability to invest and grow.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue12.72M14.39M33.43M31.99M15.77M11.06M
Gross Profit-491.62K-751.42K9.72M10.66M6.28M4.77M
EBITDA-11.44M-12.49M-8.21M-5.08M-675.78K1.18M
Net Income-10.97M-11.05M-7.19M-5.92M-1.15M1.17M
Balance Sheet
Total Assets23.55M25.89M39.85M38.23M20.60M4.50M
Cash, Cash Equivalents and Short-Term Investments4.91M7.49M20.96M24.98M9.97M891.82K
Total Debt2.92M3.58M4.28M1.90M2.11M1.84M
Total Liabilities5.89M6.67M7.80M5.21M3.90M2.96M
Stockholders Equity17.66M19.22M23.51M28.44M16.70M1.55M
Cash Flow
Free Cash Flow-12.14M-13.32M-12.10M-7.51M-3.89M115.06K
Operating Cash Flow-6.96M-6.97M-6.93M-4.15M-1.95M640.25K
Investing Cash Flow-4.13M-1.86M-6.63M-195.60K-8.04M-200.45K
Financing Cash Flow-184.81K-213.74K6.82M20.87M16.07M236.44K

Twin Vee PowerCats Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.20
Price Trends
50DMA
2.52
Negative
100DMA
3.07
Negative
200DMA
3.90
Negative
Market Momentum
MACD
-0.09
Negative
RSI
44.72
Neutral
STOCH
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VEEE, the sentiment is Negative. The current price of 2.2 is below the 20-day moving average (MA) of 2.26, below the 50-day MA of 2.52, and below the 200-day MA of 3.90, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 44.72 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VEEE.

Twin Vee PowerCats Risk Analysis

Twin Vee PowerCats disclosed 85 risk factors in its most recent earnings report. Twin Vee PowerCats reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Twin Vee PowerCats Peers Comparison

Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
MPMPX
72
Outperform
$318.09M21.6610.33%6.15%-32.30%-58.15%
71
Outperform
$335.92M-1.50%-41.66%-123.04%
59
Neutral
$667.27M-1.68%-27.18%84.33%
59
Neutral
$244.70M-1.88%-6.22%91.93%
56
Neutral
$3.37B4.05-1.30%6.64%0.16%-63.79%
46
Neutral
$4.92M-54.97%-57.48%-27.43%
44
Neutral
$7.60M-80.86%-55.43%55.17%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
VEEE
Twin Vee PowerCats
2.20
-2.80
-56.00%
MPX
Marine Products
9.10
0.26
2.94%
MBUU
Malibu Boats
34.77
3.52
11.26%
MCFT
MasterCraft Boat Holdings
20.23
2.46
13.84%
ONEW
OneWater Marine
15.00
-10.65
-41.52%
VMAR
Vision Marine Technologies
6.87
-614.27
-98.89%

Twin Vee PowerCats Corporate Events

Executive/Board Changes
Twin Vee PowerCats CFO Resignation Announced
Neutral
Jun 20, 2025

On June 17, 2025, Twin Vee PowerCats Co. announced that its Chief Financial Officer, Mike Dickerson, will resign effective September 14, 2025. His departure is not due to any disagreements with the company’s operations, policies, or practices, suggesting a smooth transition for the company.

Private Placements and FinancingBusiness Operations and Strategy
Twin Vee PowerCats Launches Wizz Banger Stock Incentive Plan
Positive
Jun 16, 2025

On June 12, 2025, Twin Vee PowerCats Co. and its subsidiary, Wizz Banger, Inc., announced the adoption of the Wizz Banger 2025 Subsidiary Stock Incentive Plan. This plan aims to incentivize directors, officers, employees, and consultants by granting equity interests in Wizz Banger, aligning their efforts with corporate goals and sharing in the company’s success. The plan, managed by the Compensation Committee, initially reserves 2,800,000 shares of Wizz Banger common stock for issuance, with various stock-based awards available. On the same date, Joseph Visconti and Thomas Huffman were each granted options to purchase up to 1,400,000 shares of Wizz Banger stock.

M&A TransactionsBusiness Operations and Strategy
Twin Vee PowerCats Acquires Bahama Boat Works
Positive
Jun 10, 2025

On June 5, 2025, Twin Vee PowerCats Co. acquired the iconic Bahama Boat Works, including its tangible and intangible assets, for an initial payment of $100,000 and up to $3,000,000 in contingent consideration based on future sales. This acquisition aims to integrate Twin Vee’s advanced composite construction and technological expertise with Bahama’s renowned craftsmanship, enhancing the brand’s offerings and maintaining its legacy of producing premium offshore fishing vessels. The continued involvement of master boat builder Scott Henley is expected to preserve the quality and reputation of Bahama Boat Works under Twin Vee’s ownership.

Private Placements and FinancingRegulatory Filings and Compliance
Twin Vee PowerCats Announces Public Stock Offering
Neutral
May 12, 2025

On May 8, 2025, Twin Vee PowerCats Co. entered into an underwriting agreement with ThinkEquity LLC to sell 750,000 shares of its common stock at $4.00 per share in a public offering, expected to close on May 12, 2025. The offering aims to generate approximately $2.54 million in net proceeds for working capital and general corporate purposes, with additional warrants issued to the underwriters as part of the compensation. The company and its executives have agreed to a 30-day lock-up period, and the offering is conducted under an effective shelf registration statement with the SEC.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 17, 2025