Twin Vee PowerCats (VEEE) AI Stock Analysis

• Market Cap: $3.05M
• Dividend Yield: N/A
• Average Volume (3M): 401.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.51
• Revenue Growth: -34.70%
• EPS Growth: 36.13%
• Country: US
• Employees: 65
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): -1.23
• Shares Outstanding: 2,237,299
• 10 Day Avg. Volume: 882,607
• 30 Day Avg. Volume: 401,683
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.29
• Price to Sales (P/S): 0.38
• P/FCF Ratio: -0.41
• Enterprise Value/Market Cap: 0.46
• Enterprise Value/Revenue: 0.10
• Enterprise Value/Gross Profit: 23.08
• Enterprise Value/Ebitda: -0.17
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: $1.50 ▼(-15.25% Downside)

The score is held down primarily by weak financial performance (ongoing losses and negative operating/free cash flow) and bearish technicals (below key moving averages with negative MACD). Offsetting support comes from improving business execution noted on the earnings call (better sales trend and improved gross margin) and positive recent corporate updates, while valuation is difficult to assess due to negative earnings and no dividend.

Positive Factors

Strategic partnership with Mercury Marine

The Mercury Marine partnership gives Twin Vee’s premium Bahama Boat Works brand access to a global engine supplier and expansive dealer network, a structural distribution and product credibility boost that can sustainably accelerate market penetration and premium model sales over multiple quarters.

Dealer network expansion and sustained sales momentum

Adding dealers across the Southeast, Gulf Coast and internationally strengthens distribution, increases local showroom inventory, and diversifies geographic demand exposure. This durable channel expansion underpins multi-quarter year‑over‑year sales gains and supports steadier order flow and backlog rebuilding.

Operational investment and manufacturing control

Bringing large-format CNC capacity in‑house reduces vendor reliance, shortens lead times, and improves production throughput and quality. These manufacturing upgrades are structural improvements that can sustainably raise gross margins, increase capacity utilization, and lower per-unit costs over coming quarters.

Negative Factors

Negative operating and free cash flow

Persistent negative operating and free cash flows constrain the company’s ability to fund operations, capex and dealer support from internal resources. Over a multi-quarter horizon this increases reliance on asset sales, external financing or equity raises, which can dilute shareholders and limit strategic flexibility.

Ongoing net losses and weak margins

Continued net losses and negative operating margins reflect structural cost and pricing pressures. Until gross margin expansion and operating leverage are sustained, losses will erode equity, hinder reinvestment, and keep free cash flow negative, limiting the company’s ability to scale profitably over the medium term.

Negative return on equity despite low leverage

While leverage is conservative, a negative ROE signals that capital is not generating positive returns. Structural unprofitability reduces capital efficiency and investor flexibility; without sustained profit recovery, the company cannot convert solid equity base into long‑term shareholder value.

Twin Vee PowerCats Business Overview & Revenue Model

Company Description

Twin 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 Money

Twin Vee PowerCats generates revenue primarily through the sale of its power catamarans. The company’s revenue model is based on direct sales to consumers and distributors, with additional income from aftermarket services and accessories. Key revenue streams include the sale of new boats, customization options, and maintenance services. The company may also benefit from partnerships with marine dealerships and participation in boat shows to increase brand visibility and sales opportunities. Additionally, Twin Vee PowerCats may explore strategic alliances with suppliers and other marine industry players to enhance its product offerings and market reach.

Twin Vee PowerCats Financial Statement Overview

Summary

Financials remain weak: profitability is negative (negative net/EBIT/EBITDA margins), cash generation is pressured by negative operating and free cash flow, and ROE is negative. Offsetting factors include low leverage and modest revenue improvement, but overall operating efficiency and liquidity are key risks.

Income Statement

Twin Vee PowerCats has experienced declining profitability with negative net profit margins and EBIT margins over recent periods. The TTM data shows a slight revenue growth of 4.01%, but the company struggles with negative EBIT and EBITDA margins, indicating operational inefficiencies. The gross profit margin has also decreased significantly from previous years, reflecting challenges in cost management.

Balance Sheet

The company's balance sheet shows a low debt-to-equity ratio, indicating conservative leverage. However, the return on equity is negative, reflecting ongoing losses and poor profitability. The equity ratio remains stable, suggesting a solid capital structure, but the negative ROE highlights the need for improved financial performance.

Cash Flow

Twin Vee PowerCats faces significant cash flow challenges, with negative operating and free cash flows. The free cash flow to net income ratio is positive, suggesting some efficiency in converting net income to cash, but the overall negative cash flow growth and operating cash flow coverage ratio indicate liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.68M	14.39M	33.43M	31.99M	15.77M	11.06M
Gross Profit	60.52K	-751.42K	3.27M	10.66M	6.28M	4.77M
EBITDA	-8.13M	-12.04M	-8.21M	-5.08M	-675.78K	1.51M
Net Income	-9.92M	-11.05M	-7.19M	-5.14M	-1.01M	1.17M
Balance Sheet
Total Assets	18.89M	25.89M	39.85M	38.23M	20.60M	4.50M
Cash, Cash Equivalents and Short-Term Investments	2.70M	7.49M	20.96M	24.98M	9.97M	891.82K
Total Debt	656.09K	3.58M	4.28M	1.90M	2.11M	1.84M
Total Liabilities	2.96M	6.67M	7.80M	5.21M	3.90M	2.96M
Stockholders Equity	15.93M	19.22M	23.51M	28.44M	16.70M	1.55M
Cash Flow
Free Cash Flow	-10.78M	-13.32M	-12.10M	-7.51M	-3.89M	115.06K
Operating Cash Flow	-7.46M	-6.97M	-6.93M	-4.15M	-1.95M	640.25K
Investing Cash Flow	-3.24M	-1.86M	-6.63M	-195.60K	-8.04M	-200.45K
Financing Cash Flow	2.27M	-213.74K	6.82M	20.87M	16.07M	236.44K

Twin Vee PowerCats Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.77
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 1.77 is above the 20-day moving average (MA) of 1.66, below the 50-day MA of 1.84, and below the 200-day MA of 2.25, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 36.92 is Neutral, neither overbought nor oversold. The STOCH value of 21.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VEEE.

Twin Vee PowerCats Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPX	70 Outperform	$330.39M	25.40	10.00%	6.03%	-12.30%	-29.51%
MBUU	65 Neutral	$612.94M	32.79	3.72%	―	11.54%	―
MCFT	63 Neutral	$340.60M	33.32	7.40%	―	-12.17%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
VEEE	47 Neutral	$3.05M	―	-59.55%	―	-34.70%	36.13%
ONEW	47 Neutral	$219.00M	-1.91	-35.49%	―	5.62%	-1706.59%
VMAR	41 Neutral	$3.72M	―	―	―	-66.16%	78.81%

Twin Vee PowerCats Corporate Events

Twin Vee’s Bahama Boat Works Partners with Mercury Marine

On January 21, 2026, Twin Vee PowerCats Co. announced that its wholly owned premium monohull brand, Bahama Boat Works, entered into a partnership with Mercury Marine, a division of Brunswick Corporation. The collaboration is expected to bolster Bahama Boat Works’ product offering by aligning its premium vessels with Mercury’s established marine power solutions, potentially enhancing the brand’s competitiveness and appeal in the high-end recreational boating market and supporting Twin Vee’s broader strategic positioning within the marine industry.

The most recent analyst rating on (VEEE) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Twin Vee PowerCats stock, see the VEEE Stock Forecast page.

Twin Vee PowerCats Highlights Sustained Sales Growth Momentum

On December 18, 2025, Twin Vee PowerCats Co. reported that it delivered three consecutive quarters of year-over-year sales growth during the second, third, and fourth quarters of fiscal 2025, signaling sustained momentum in its core boat-building business. The company linked this performance to an expanding global power catamaran market and to its own initiatives in manufacturing efficiency, innovative model design, and dealer network expansion, and said it is using disciplined cost and inventory management to position itself for continued growth, with more detailed financial results to follow in its upcoming full-year earnings release and regulatory filings.

The most recent analyst rating on (VEEE) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Twin Vee PowerCats stock, see the VEEE Stock Forecast page.

Twin Vee PowerCats Elects New Board Members

On December 4, 2025, Twin Vee PowerCats Co. held its annual meeting of stockholders, where Carol Craig and Larry Swets, Jr. were elected to the board of directors, replacing Marcia Kull and Neil Ross. The meeting also saw the ratification of Grassi & Co. CPAs, P.C. as the company’s independent auditor and approved the company’s reincorporation from Delaware to Nevada. The election of Craig and Swets is expected to bring expertise in public markets and manufacturing to the company, potentially enhancing its strategic capital deployment and operational innovation.

The most recent analyst rating on (VEEE) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Twin Vee PowerCats stock, see the VEEE Stock Forecast page.

Twin Vee PowerCats Completes Property Sale for $4.25M

On October 31, 2025, Twin Vee PowerCats Co., through its subsidiary Forza X1, Inc., completed the sale of a commercial property in Marion, North Carolina, to Highland Myco Holdings, LLC for $4.25 million. The transaction included a $500,000 cash payment and a $3.75 million secured promissory note, with installments due over two years. This sale, announced on November 3, 2025, resulted in a net cash gain of $447,684.04 for Forza after closing costs and taxes, and an unaudited gain on sale of $241,061, impacting the company’s financial position by removing assets held for sale and recognizing a long-term note receivable.

The most recent analyst rating on (VEEE) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Twin Vee PowerCats stock, see the VEEE Stock Forecast page.