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Twin Vee Powercats (VEEE) is a Industrials company. Latest news and coverage below.
| FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $11.1M | $15.8M | $32.0M | $33.4M | $14.4M | $14.8M |
| Growth (year over year) | — | +42.6% | +102.8% | +4.5% | −57.0% | +3.0% |
| Gross profit | $4.77M | $6.28M | $10.7M | $3.27M | −$751.4K | $1.26M |
| Gross margin | 43.2% | 39.8% | 33.3% | 9.8% | −5.2% | 8.5% |
| Operating income | $720.8K | −$1.63M | −$6.02M | −$12.0M | −$14.6M | −$8.78M |
| Operating margin | 6.5% | −10.3% | −18.8% | −35.9% | −101.1% | −59.3% |
| Net income | $1.17M | −$1.01M | −$5.14M | −$7.19M | −$11.0M | −$8.61M |
| Net margin | 10.6% | −6.4% | −16.1% | −21.5% | −76.8% | −58.1% |
| EPS (diluted) | $2.90 | −$1.90 | −$6.70 | −$7.60 | −$11.01 | −$4.37 |
| Balance sheet | ||||||
| Cash and equivalents | $891.8K | $6.98M | $23.5M | $16.5M | $7.49M | $1.43M |
| Total assets | $4.50M | $20.6M | $38.2M | $39.8M | $25.9M | $16.2M |
| Total liabilities | $2.96M | $3.90M | $5.21M | $7.80M | $6.67M | $2.77M |
| Long-term debt | — | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K |
| Shareholders' equity | $1.55M | $16.7M | $28.4M | $23.5M | $19.2M | $13.5M |
| Cash flow | ||||||
| Operating cash flow | $364.6K | −$1.95M | −$4.15M | −$6.93M | −$6.97M | −$6.88M |
| Capital expenditure | $525.2K | $1.94M | $3.37M | $5.16M | $6.34M | $2.16M |
| Free cash flow | −$160.5K | −$3.89M | −$7.51M | −$12.1M | −$13.3M | −$9.04M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $2.90M | $1.88M | $3.61M | $4.76M | $3.43M | $3.02M | $3.96M | $3.13M |
| Growth (year over year) | −64.1% | −77.4% | −31.5% | +9.9% | +18.2% | +60.4% | +9.8% | −34.2% |
| Gross profit | −$145.7K | −$1.09M | $537.1K | $654.1K | −$45.2K | $111.2K | $196.3K | −$182.7K |
| Gross margin | −5.0% | −57.6% | 14.9% | 13.8% | −1.3% | 3.7% | 5.0% | −5.8% |
| Operating income | −$3.11M | −$4.24M | −$1.68M | −$1.68M | −$2.78M | −$2.65M | −$2.14M | −$3.02M |
| Operating margin | −107.3% | −224.9% | −46.5% | −35.2% | −81.0% | −87.7% | −53.9% | −96.6% |
| Net income | −$3.01M | −$1.18M | −$1.61M | −$1.65M | −$2.76M | −$2.59M | −$2.09M | −$2.90M |
| Net margin | −103.7% | −62.7% | −44.6% | −34.8% | −80.4% | −85.6% | −52.8% | −92.6% |
| EPS (diluted) | −$2.64 | $12.42 | −$40.05 | −$32.22 | −$1.23 | $69.13 | −$12.93 | −$5.07 |
| Balance sheet | ||||||||
| Cash and equivalents | $11.1M | $7.49M | $5.13M | $6.18M | $2.92M | $1.43M | $5.67M | $3.93M |
| Total assets | $30.1M | $25.9M | $23.6M | $22.4M | $18.9M | $16.2M | $23.2M | $20.7M |
| Total liabilities | $6.93M | $6.67M | $5.89M | $3.73M | $2.96M | $2.77M | $5.97M | $6.25M |
| Long-term debt | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K | $499.9K |
| Shareholders' equity | $17.4M | $19.2M | $17.7M | $18.6M | $15.9M | $13.5M | $17.2M | $14.4M |
| Cash flow | ||||||||
| Operating cash flow | −$2.41M | −$2.33M | −$1.74M | −$745.6K | −$2.65M | −$1.75M | −$1.66M | −$1.61M |
| Capital expenditure | $1.33M | $1.30M | $828.9K | $707.7K | $480.4K | $140.3K | $108.7K | $126.8K |
| Free cash flow | −$3.74M | −$3.63M | −$2.57M | −$1.45M | −$3.13M | −$1.89M | −$1.77M | −$1.74M |
From Twin Vee Powercats's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
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