Twin vee powercats co. reports a 51% increase in revenue for the three months ended march 31, 2023

Fort pierce, fl / accesswire / may 15, 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 three months ended march 31, 2023. we are pleased to report a 51% increase in net revenue for the three months ended march 31, 2023 to $8.9 million compared to $5.9 million in the same period in 2022, and net income of $181,000 for our gas powered boats reportable segment for the three months ended march 31, 2023, compared to a net loss of $626,000 for the same period in 2022.
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