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Twin Vee PowerCats (VEEE)
NASDAQ:VEEE
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Twin Vee PowerCats
(NASDAQ:VEEE)
Rating:44Neutral
Price Target:
$2.50
▲(1.63%Upside)
Twin Vee PowerCats (VEEE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.15M
Dividend YieldN/A
Average Volume (3M)3.05M
Price to Earnings (P/E)―
Beta (1Y)1.08
Revenue Growth-57.48%
EPS Growth-27.43%
CountryUS
Employees65
SectorConsumer Cyclical
Sector Strength63
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)-1.08
Shares Outstanding2,237,299
10 Day Avg. Volume51,172
30 Day Avg. Volume3,051,442
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)1.46
Price to Sales (P/S)0.00
P/FCF Ratio-0.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
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 makes money primarily through the sale of its catamaran boats. The company's revenue model revolves around manufacturing and selling a diverse range of catamaran models to end customers, including individuals and businesses involved in maritime activities. Key revenue streams include direct sales to consumers, sales through a network of dealerships, and potential custom orders for commercial applications. Additionally, the company may generate income from providing maintenance services, spare parts, and accessories related to its catamaran products. Strategic partnerships with marine dealerships and suppliers contribute significantly to its earnings by expanding distribution channels and enhancing product offerings.
Twin Vee PowerCats Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: -3.53%|
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, with declining revenues and persistent net losses impacting its income statement and cash flows. The balance sheet shows some strength with a solid equity ratio and cash reserves, but profitability issues and negative cash flows pose risks. The company must address operational inefficiencies and improve revenue generation to stabilize its financial position and enhance shareholder value.Income Statement
Twin Vee PowerCats has experienced significant volatility in its income statement, with a recent decline in revenue from $33.4M to $14.4M, a negative revenue growth rate. The company has also struggled with profitability, as seen in the negative EBIT and EBITDA margins, indicating operational challenges. The gross profit margin has turned negative, reflecting inefficiencies in production or sales. Overall, the company is facing substantial financial pressure in generating and maintaining revenue.30
Negative
Balance Sheet
The balance sheet shows moderate stability with a decent equity ratio of 74% in 2024, but the company has a debt-to-equity ratio of 0.16, indicating some leverage but manageable at current levels. Despite a decline in total assets and stockholders' equity, the company maintains a substantial cash position relative to its liabilities. However, the return on equity remains negative due to persistent net losses, highlighting challenges in generating shareholder value.45
Neutral
Cash Flow
Cash flow performance is weak, with negative operating and free cash flows, indicating that the company is not generating enough cash from its core operations to fund capital expenditures. Despite a negative free cash flow growth rate, the company has managed its financing activities to offset some cash outflows. The operating cash flow to net income and free cash flow to net income ratios are negative, underscoring inefficiencies in cash management and operational profitability.35
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 14.39M | 33.43M | 31.99M | 15.77M | 11.06M | Gross Profit |
| -751.42K | 9.72M | 10.66M | 6.28M | 4.77M | EBIT |
| -14.55M | -11.99M | -5.67M | -1.02M | 720.83K | EBITDA |
| -12.49M | -8.21M | -5.08M | -675.78K | 1.18M | Net Income Common Stockholders |
| -2.96M | -7.19M | -5.92M | -1.15M | 1.17M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 7.49M | 20.96M | 24.98M | 9.97M | 891.82K | Total Assets |
| 25.89M | 39.85M | 38.23M | 20.60M | 4.50M | Total Debt |
| 3.08M | 4.28M | 1.90M | 2.11M | 1.84M | Net Debt |
| -4.41M | -12.22M | -21.60M | -4.86M | 947.07K | Total Liabilities |
| 6.67M | 7.80M | 5.21M | 3.90M | 2.96M | Stockholders Equity |
| 19.22M | 23.51M | 28.44M | 16.70M | 1.55M |
| Cash Flow | Free Cash Flow | |||
| -13.32M | -12.10M | -7.51M | -3.89M | 115.06K | Operating Cash Flow |
| -6.97M | -6.93M | -4.15M | -1.95M | 640.25K | Investing Cash Flow |
| -1.86M | -6.63M | -195.60K | -8.04M | -200.45K | Financing Cash Flow |
| -213.74K | 6.82M | 20.87M | 16.07M | 236.44K |
Twin Vee PowerCats Technical Analysis
Negative
2.46
Price Trends
2.78
Negative
3.43
Negative
4.07
Negative
Market Momentum
-0.17
Negative
48.05
Neutral
51.82
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 2.46 is below the 20-day moving average (MA) of 2.52, below the 50-day MA of 2.78, and below the 200-day MA of 4.07, indicating a bearish trend. The MACD of -0.17 indicates Negative momentum. The RSI at 48.05 is Neutral, neither overbought nor oversold. The STOCH value of 51.82 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 3 New Risks
1.
All of the Twin Vee and Forza executive officers and most of their directors have conflicts of interest that may influence them to support or approve the Merger without regard to your interests. Q3, 2024
2.
The Exchange Ratio is not adjustable based on the market price of Twin Vee Common Stock so the Merger consideration at the closing may have a greater or lesser value than it had at the time the Merger Agreement was signed. Q3, 2024
3.
The combined company's stock price is expected to be volatile, and the market price of its common stock may drop following the Merger. Q3, 2024
Twin Vee PowerCats Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $284.54M | 19.37 | 10.33% | 6.81% | -32.30% | -58.15% | |
66 Neutral | $289.76M | ― | -1.50% | ― | -41.66% | -123.04% | |
62 Neutral | $6.88B | 11.32 | 2.95% | 3.87% | 2.70% | -24.57% | |
58 Neutral | $598.37M | ― | -1.68% | ― | -27.18% | 84.33% | |
57 Neutral | $239.80M | ― | -1.88% | ― | -6.22% | 91.93% | |
44 Neutral | $5.15M | ― | -54.97% | ― | -57.48% | -27.43% | |
44 Neutral | $8.29M | ― | -80.86% | ― | -55.43% | 55.17% |
* Consumer Cyclical Sector Average
Performance Comparison
VEEE
Twin Vee PowerCats
2.46
-5.28
-68.22%
MPX
Marine Products
8.22
-1.52
-15.61%
MBUU
Malibu Boats
31.48
-5.22
-14.22%
MCFT
MasterCraft Boat Holdings
17.84
-2.89
-13.94%
ONEW
OneWater Marine
15.18
-14.16
-48.26%
VMAR
Vision Marine Technologies
7.44
-870.06
-99.15%
Twin Vee PowerCats Corporate Events
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
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.