Twin Vee Powercats Co. (VEEE)
NASDAQ:VEEE
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Twin Vee PowerCats
(NASDAQ:VEEE)
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Rating:40Underperform
Price Target:
$0.22
▼(-87.68% Downside)
Action:DowngradedDate:04/04/26
The score is held down primarily by persistently weak financial performance (ongoing losses, negative ROE, and a history of cash burn) and bearish technicals (price below all key moving averages with negative MACD). Corporate events add material listing-risk pressure despite some near-term liquidity support from equity raises and a few operational positives.
Positive Factors
Strategic OEM partnership (Bahama Boat Works & Mercury Marine)
A formal OEM partnership with Mercury Marine strengthens Twin Vee’s premium-brand product stack, improving engineering integration, perceived product quality, and dealer appeal. Over months this can raise competitiveness in higher-margin premium segments and support more consistent order flow.
Negative Factors
Chronic negative cash generation
Multi-year negative OCF/FCF means the business cannot self-fund working capital or capex, forcing reliance on external capital. Over months this constrains reinvestment in product development, dealer support and inventory, and raises the probability of future dilutive financings if operational cash breaks do not emerge.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic OEM partnership (Bahama Boat Works & Mercury Marine)
A formal OEM partnership with Mercury Marine strengthens Twin Vee’s premium-brand product stack, improving engineering integration, perceived product quality, and dealer appeal. Over months this can raise competitiveness in higher-margin premium segments and support more consistent order flow.
Read all positive factors
Twin Vee PowerCats (VEEE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.00M
Dividend YieldN/A
Average Volume (3M)11.15M
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue Growth-34.70%
EPS Growth36.13%
CountryUS
Employees65
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)-1.16
Shares Outstanding13,093,299
10 Day Avg. Volume5,935,742
30 Day Avg. Volume11,145,233
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.25
Price to Sales (P/S)0.23
P/FCF Ratio-0.38
Enterprise Value/Market Cap-0.15
Enterprise Value/Revenue-0.03
Enterprise Value/Gross Profit-0.54
Enterprise Value/Ebitda0.07
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 t...
How the Company Makes Money
Twin Vee primarily makes money by selling new power boats it designs and manufactures. Revenue is generated when boats are delivered to customers (often via an independent dealer network and/or direct-to-consumer channels, depending on the sale), ...
Twin Vee PowerCats Earnings Call Summary
Earnings Call Date:Nov 06, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
While the company faces industry-wide challenges such as high interest rates and inflation impacting boat sales, it has made significant strides in expanding its dealer network, improving operational efficiency, and enhancing financial performance. The sale of the North Carolina property also strengthens the financial foundation. Despite ongoing losses, the positive aspects indicate a strategic focus on growth and stability.Positive Updates
Expansion of Dealer Network
Added 10 new dealer locations in regions like the Southeastern Seaboard, the Gulf Coast, and a new stocking dealer in Australia.
Negative Updates
Industry-Wide Challenges
High interest rates, inflation, and cautious consumer spending have slowed new boat sales across the sector.
Read all updates
Q3-2025 Updates
Positive
Negative
Expansion of Dealer Network
Added 10 new dealer locations in regions like the Southeastern Seaboard, the Gulf Coast, and a new stocking dealer in Australia.
Read all positive updates
Company Guidance
During the Twin Vee Powercats Third Quarter 2025 Investor Call, the company provided guidance on their strategic focus amidst challenging market conditions characterized by high interest rates and cautious consumer spending. The company reported a net sales increase to $3.43 million, up 18% year-over-year, with a reduced net loss of $2.76 million compared to $3 million the previous year. Twin Vee emphasized its efforts to expand dealer networks by adding 10 new locations, including a new presence in Australia, and highlighted operational improvements like the completion of the Fort Pierce headquarters expansion and installation of a 46-foot 5-axis CNC router. These upgrades are part of a strategy to maintain low leverage, with current cash and equivalents at $2.7 million, and to bolster the balance sheet further through the recent $4.25 million sale of a North Carolina property. The company remains committed to rebuilding its backlog and enhancing customer engagement through a disciplined approach, with a focus on maintaining a gross margin of 9.6% for the first nine months of 2025, a significant rise from the previous year's 2.7%.Twin Vee PowerCats Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.82M | 14.39M | 33.43M | 31.99M | 15.77M |
| Gross Profit | 1.26M | -751.42K | 3.27M | 10.66M | 6.28M |
| EBITDA | -6.79M | -12.04M | -8.21M | -5.08M | -675.78K |
| Net Income | -8.61M | -11.05M | -7.19M | -5.14M | -1.01M |
Balance Sheet | |||||
| Total Assets | 16.23M | 25.89M | 39.85M | 38.23M | 20.60M |
| Cash, Cash Equivalents and Short-Term Investments | 1.43M | 7.49M | 20.96M | 24.98M | 9.97M |
| Total Debt | 541.54K | 3.58M | 4.28M | 1.90M | 2.11M |
| Total Liabilities | 2.77M | 6.67M | 7.80M | 5.21M | 3.90M |
| Stockholders Equity | 13.47M | 19.22M | 23.51M | 28.44M | 16.70M |
Cash Flow | |||||
| Free Cash Flow | -9.04M | -13.32M | -12.10M | -7.51M | -3.89M |
| Operating Cash Flow | -6.88M | -6.97M | -6.93M | -4.15M | -1.95M |
| Investing Cash Flow | -1.59M | -1.86M | -6.63M | -195.60K | -8.04M |
| Financing Cash Flow | 2.41M | -213.74K | 6.82M | 20.87M | 16.07M |
Twin Vee PowerCats Technical Analysis
Negative
1.77
Price Trends
0.76
Negative
1.32
Negative
1.82
Negative
Market Momentum
-0.13
Negative
28.65
Positive
5.86
Positive
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 0.35, above the 50-day MA of 0.76, and below the 200-day MA of 1.82, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 28.65 is Positive, neither overbought nor oversold. The STOCH value of 5.86 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $327.55M | 31.53 | 8.43% | ― | -12.17% | ― | |
67 Neutral | $253.04M | 26.91 | 8.92% | 6.03% | -12.30% | -29.51% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $455.39M | -54.76 | 3.72% | ― | 11.54% | ― | |
45 Neutral | $163.81M | -5.80 | -33.00% | ― | 5.62% | -1706.59% | |
42 Neutral | $2.04M | -0.31 | ― | ― | -66.16% | 78.81% | |
40 Underperform | $3.00M | -0.40 | -52.42% | ― | -34.70% | 36.13% |
* Consumer Cyclical Sector Average
VEEE
Twin Vee PowerCats
0.23
-2.12
-90.26%
MPX
Marine Products
7.18
-0.17
-2.33%
MBUU
Malibu Boats
24.48
-1.95
-7.38%
MCFT
MasterCraft Boat Holdings
20.30
4.93
32.08%
ONEW
OneWater Marine
9.86
-3.97
-28.71%
VMAR
Vision Marine Technologies
2.05
-189.95
-98.93%
Twin Vee PowerCats Corporate Events
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Twin Vee PowerCats Faces Nasdaq Delisting Threat, Plans Appeal
Negative
Apr 3, 2026
On April 2, 2026, Twin Vee PowerCats Co. disclosed it had received a Nasdaq notice that its shares no longer met the $1.00 minimum bid price requirement, after trading below that threshold for thirty consecutive business days between February 18 a...
Business Operations and StrategyPrivate Placements and Financing
Twin Vee PowerCats Announces Public Equity Offering Completion
Positive
Mar 25, 2026
On March 23, 2026, Twin Vee PowerCats Co. entered into a placement agency agreement with ThinkEquity to conduct a best-efforts public offering of 6,491,900 shares of common stock at $0.384 per share, with the offering closing on March 24, 2026. Th...
Business Operations and StrategyPrivate Placements and Financing
Twin Vee PowerCats Completes Public Equity Offering Financing
Positive
Mar 19, 2026
On March 16, 2026, Twin Vee PowerCats entered a placement agency agreement with ThinkEquity to conduct a best-efforts public offering of 4,473,000 common shares at $0.38 per share, which closed on March 17, 2026. The transaction, conducted under a...
Business Operations and StrategyRegulatory Filings and Compliance
Twin Vee PowerCats Secures New Long-Term Facility Lease
Positive
Mar 16, 2026
On March 12, 2026, Twin Vee PowerCats Co. entered into a new five-year lease for its 7.5-acre office and production facilities in Fort Pierce, Florida, totaling about 100,000 square feet, including a nearly complete 30,000-square-foot expansion. T...
Private Placements and FinancingRegulatory Filings and Compliance
Twin Vee PowerCats Completes Public Equity Offering and Lock-Up
Positive
Feb 23, 2026
On February 19, 2026, Twin Vee PowerCats Co. entered into a placement agency agreement with ThinkEquity for a best-efforts public offering of 6,383,000 shares of common stock at $0.47 per share, which closed on February 23, 2026. The transaction, ...
Business Operations and Strategy
Twin Vee’s Bahama Boat Works Partners with Mercury Marine
Positive
Jan 21, 2026
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 Ba...
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.