Twin Vee PowerCats Co. Announces Internal Measures to Reduce Costs While Continuing Its Growth Efforts [Yahoo! Finance]
Twin Vee PowerCats Co. (VEEE)
Company Research
Source: Yahoo! Finance
marketer of power sport boats, today announced organizational realignment initiatives intended to streamline the Company's size and complexity while leveraging its resources to design and build new boat models and grow its dealer base. As a result of these initiatives, the Company expects to reduce overhead costs and rightsize its operations based on demand as it heads into the 2025 model year in a few months. Twin Vee's cost-saving initiatives have included workforce reductions, operational restructuring to become more streamlined, and cutting unnecessary expenses related to its inventory and manufacturing processes. Additionally, the Company is committed to growth by increasing its market share through innovative new boat models that diversify its product offering and appeal to more consumers. "We are continuing to aggressively drive our business toward growth by introducing innovating new products to the market," remarked Joseph C. Visconti, CEO and President of Twin Vee PowerCat
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News
- Twin Vee PowerCats Co. Partners with Raymarine on Next Generation GFX-2 Boat Models [Yahoo! Finance]Yahoo! Finance
- Twin Vee PowerCats Co. Partners with Raymarine on Next Generation GFX-2 Boat Models Accesswire
- Twin Vee PowerCats Co. Details the Standards to Be Included in Its All-New Second Generation GFX Model Line [Yahoo! Finance]Yahoo! Finance
- Twin Vee PowerCats Co. Details the Standards to Be Included in Its All-New Second Generation GFX Model LineAccesswire
- Twin Vee PowerCats Co. Hires Tom Morford as Director of National Sales [Yahoo! Finance]Yahoo! Finance
VEEE
Sec Filings
- 4/10/24 - Form S-8
- 4/5/24 - Form 4
- 4/5/24 - Form 3
- VEEE's page on the SEC website