Twin Vee PowerCats Co. Reports a 103% Increase in Revenue for the Year Ended December 31, 2022
Twin Vee PowerCats Co. (VEEE)
Company Research
Source: Accesswire
FORT PIERCE, FL / ACCESSWIRE / March 29, 2023 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial, off-shore power catamaran boats, today reported operational highlights and financial results for the year ended December 31, 2022."We are pleased to report a 103% increase in net revenue for the year ended December 31, 2022, compared to 2021, while also adding additional models to our lineup and expanding our dealer network.Highlights for 2022Launched new models including the 260 GFX and our largest catamaran to date the 400 GFX.Opened 19 new dealer locations across the county.Signed agreement with One Water, one of the largest retail distributors of recreational boats in the USA.Completed a secondary offering, raising $6.75 million to shore up balance sheet.Cash and cash equivalents remain over $23.5 million with no long-term debt.Hired Two LEAN managers and began the implementation of LEAN manufac
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News
- Twin Vee PowerCats Co. Appoints Michael P. Dickerson as New Chief Financial & Administrative Officer [Yahoo! Finance]Yahoo! Finance
- Twin Vee PowerCats Co. Appoints Michael P. Dickerson as New Chief Financial & Administrative OfficerAccesswire
- Twin Vee PowerCats Co. Launches Next Generation of Its Successful GFX Model Line: The Best Riding Boat Just Got Smarter [Yahoo! Finance]Yahoo! Finance
- Twin Vee PowerCats Co. Launches Next Generation of Its Successful GFX Model Line: The Best Riding Boat Just Got SmarterAccesswire
- Twin Vee Powercats Co. (NASDAQ:VEEE) Q4 2023 Earnings Call Transcript [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