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Twin Vee Powercats Co. (VEEE) Q1 2025 Earnings Call Transcript

  • Twin Vee Powercats Co. (NASDAQ:VEEE ) Q1 2025 Earnings Conference Call May 8, 2025 12:00 PM ET Company Participants Joseph Visconti - President & Chief Executive Officer Mike Dickerson - Chief Financial Officer & Chief Administrative Officer Conference Call Participants Operator Welcome to the Twin Vee Powercats Co.'s First Quarter 2025 Investor Call. As a reminder, this call is being recorded and all participants are in a listen-only mode.
    05/11/2025

Twin Vee Powercats Announces Pricing of Public Offering

  • FORT PIERCE, FL / ACCESS Newswire / May 8, 2025 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the pricing its underwritten public offering of 750,000 shares of its common stock. Each share of common stock is being sold at a public offering price of $4.00 per share.
    05/08/2025
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Twin Vee PowerCats Announces Proposed Public Offering of Common Stock

  • FORT PIERCE, FL / ACCESS Newswire / May 8, 2025 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it intends to offer to sell shares of common stock in an underwritten public offering. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering.
    Thu, May. 08, 2025

Twin Vee PowerCats Reports a 92% Increase in First Quarter 2025 Revenues from Previous Quarter

  • FORT PIERCE, FL / ACCESS Newswire / May 8, 2025 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights: Revenues of $3.6 million, a 91.7% sequential increase from the fourth quarter of 2024, compared to guidance of 50%.
    Thu, May. 08, 2025

Twin Vee PowerCats Co. to Host Q1 2025 Financial Results Call on May 8 at 12:00 pm Eastern

  • FORT PIERCE, FL / ACCESS Newswire / May 1, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Thursday, May 8, 2025, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights Q1 2025.
    Thu, May. 01, 2025

Twin Vee PowerCats Co. Regains Compliance with Nasdaq Minimum Bid Price Requirement

  • FORT PIERCE, FL / ACCESS Newswire / April 30, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it received written notification on April 28, 2025 from the Listings Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Twin Vee was informed that for 13 consecutive business days, from April 8, 2025 through April 25, 2025, the closing bid price of the Company's common stock has been $1.00 per share or greater.
    Wed, Apr. 30, 2025

Twin Vee PowerCats Issues Update on BoatsForSale.com Digital Strategy and Launch

  • FORT PIERCE, FL / ACCESS Newswire / April 15, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced an update regarding the ongoing development and plans for the full-scale launch of BoatsForSale.com, the Company's strategic digital marketplace designed to transform how new and used boats are marketed and sold across the United States. BoatsForSale.com is currently undergoing its final migration to Twin Vee's robust, scalable architecture powered by Microsoft Azure and AI Foundry tools, with the full transition expected to be complete no later than May 1, 2025.
    Tue, Apr. 15, 2025
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Twin Vee Powercats Co. (VEEE) - 424B5

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Twin Vee Announces 1-For-10 Reverse Stock Split

  • Common Stock Will Begin Trading on a Split-Adjusted Basis on April 8, 2025 FORT PIERCE, FL / ACCESS Newswire / April 4, 2025 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it will implement a 1-for-10 reverse stock split of the issued and outstanding shares of the Company's common stock (the "Reverse Stock Split"), effective 11:59 p.m. Eastern Time on April 7, 2025, and the Company's common stock will begin trading on the Nasdaq Capital Market on a split-adjusted basis at the opening of the market on April 8, 2025 under the existing ticker symbol "VEEE.
  • 04/04/2025

Twin Vee Powercats Co. (VEEE) Q4 2024 Earnings Call Transcript

  • Twin Vee Powercats Co. (NASDAQ:VEEE ) Q4 2024 Earnings Conference Call March 20, 2025 12:00 PM ET Company Participants Mike Dickerson - Chief Financial and Administrative Officer Conference Call Participants Operator Welcome to the Twin Vee Powercats Company Year-End 2024 Investor Call. As a reminder, this call is being recorded and all participants' are in a listen-only mode.
  • 03/20/2025

Twin Vee PowerCats Co. Reports Results for the Year Ended December 31, 2024

  • Initiates 2025 Outlook  FORT PIERCE, FL / ACCESS Newswire / March 20, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for fiscal year ended December 31, 2024. Outlook for 2025: Expects first quarter 2025 revenues to grow sequentially more than 50%.
  • 03/20/2025

Twin Vee PowerCats Co. to Host Year End 2024 Financial Results Call on March 20 at 12:00 pm Eastern

  • FORT PIERCE, FL / ACCESS Newswire / March 13, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Thursday, March 20, 2025, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for Year End 2024.
  • 03/13/2025

Twin Vee PowerCats Announces 6 New Dealers, Expanding National Network

  • FORT PIERCE, FL / ACCESS Newswire / March 12, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that six new Twin Vee dealers have been added during the first phase of its dealer network expansion, further developing the Company's reach in new markets. "We are thrilled to welcome our newest dealers to our growing Twin Vee family," said Joseph C.
  • 03/12/2025

Twin Vee PowerCats Announces the Official Launch of BoatsForSale.com

  • 90 Days Free for All Authorized Recreational Boat Dealers FORT PIERCE, FL / ACCESS Newswire / February 28, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, is thrilled to announce the official launch of www.BoatsForSale.com. The platform has been successfully migrated to Twin Vee's own ISP infrastructure, marking what will be the beginning of a new era in online boat sales.
  • 02/28/2025

Twin Vee PowerCats (NASDAQ: VEEE) Unveils Bold Digital Strategy to Revolutionize how Boats are Sold, Purchased, Traded and Valued

  • FORT PIERCE, FL / ACCESS Newswire / February 18, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it is taking a bold leap forward with an aggressive digital transformation strategy designed to disrupt the status quo of boat sales for marine dealers, OEMs, and individual owners. This initiative underscores Twin Vee's commitment to innovation, efficiency, and dealer success as it seeks to position itself as one of the most forward-thinking brands in the marine industry.
  • 02/18/2025

Twin Vee PowerCats Co. Appoints Tom Huffman to Lead Digital Strategy for BoatsforSale.com

  • FORT PIERCE, FL / ACCESS Newswire / February 12, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the appointment of Tom Huffman as its new Chief Information Officer (CIO), effective immediately. Mr. Huffman will lead Twin Vee's Digital Division, which includes the rights to two digital assets from OneWater Marine: BoatsForSale.com and YachtsForSale.com.
  • 02/12/2025

Twin Vee PowerCats Acquires BoatsForSale.com and YachtsForSale.com: The Acquisition Accelerates Twin Vee's Evolution into a Diversified Recreational Company

  • FORT PIERCE, FL / ACCESS Newswire / February 10, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it has entered into an agreement to acquire two significant digital assets from OneWater Marine - BoatsForSale.com and YachtsForSale.com. These platforms represent the third-largest online boat marketplace in the United States, with over 42,000 unique listings.
  • 02/10/2025

Twin Vee PowerCats Co. Reports Strong Start to 2025 After Difficult Q4 2024

  • FORT PIERCE, FL / ACCESS Newswire / January 23, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that early indicators from the first few weeks of the year suggest that the demand for Twin Vee's products is rebounding from 2024 levels. Specifically, the Company has seen a noticeable uptick in orders and market activity after a sluggish Q4 last year.
  • 01/23/2025

Twin Vee PowerCats Co. New 5-Axis CNC Router to Harness Advanced Robotics in Production Process

  • FORT PIERCE, FL / ACCESS Newswire / January 21, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the imminent arrival of its new state-of-the-art 5-axis CNC router, a significant investment in the Company's manufacturing capabilities. The Multiax L Series 5-axis CNC router, scheduled for delivery in the coming weeks, will allow the Company to bring the tooling of high-quality plugs and molds necessary for its brand-new boat models in-house.
  • 01/21/2025

Twin Vee PowerCats to Accept Bitcoin as Payment for Boat Sales

  • FORT PIERCE, FL / ACCESSWIRE / January 6, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, announced that it would soon start accepting Bitcoin ("BTC") for purchases of its Twin Vee and AquaSport power sport boats. "Twin Vee has always been about forward-thinking and being at the forefront of both our boat designs and the way we serve our customers," said Joseph Visconti, CEO of Twin Vee PowerCats Co. "We want to provide our customers with a seamless and modern purchasing experience by integrating Bitcoin into our payment options while also widening the appeal in our boats.
  • 01/06/2025

Twin Vee PowerCats Attends Annual Dealer Week Conference in Orlando to Grow Dealer Network

  • FORT PIERCE, FL / ACCESSWIRE / December 10, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, is attending Dealer Week 2024 at the Orlando Convention Center from December 8th to 11th at Booth 325. At this year's Dealer Week, the annual conference of the Marine Retailers Association of the Americas, Twin Vee is focused on growing its dealer network, with expansion plans throughout the United States and abroad.
  • 12/10/2024

Twin Vee PowerCats Co. Welcomes Shawn Erb as Director of Sales and Dealer Relations

  • FORT PIERCE, FL / ACCESSWIRE / December 9, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that Shawn Erb, a seasoned sales and business development professional in the marine and recreational vehicle industries, has joined Twin Vee as its Director of Sales and Dealer Relations. In this role, Mr.
  • 12/09/2024

Twin Vee Powercats Co. (VEEE) Q3 2024 Earnings Call Transcript

  • Twin Vee Powercats Co. (NASDAQ:VEEE ) Q3 2024 Earnings Conference Call November 14, 2024 12:00 PM ET Company Participants Joseph Visconti - Chairman and CEO Michael Dickerson - Chief Financial and Administrative Officer Operator Welcome to the Twin Vee PowerCats Company Third Quarter 2024 Investor Call. As a reminder, this call is being recorded and all participants are in a listen only mode.
  • 11/14/2024

Twin Vee PowerCats Co. Reports Third Quarter 2024 Results of Operations

  • FORT PIERCE, FL / ACCESSWIRE / November 14, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a manufacturer of Twin Vee PowerCats and AquaSport boats known as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida, today reported operational highlights and financial results for the three months ended September 30, 2024. Highlights: (Unless otherwise noted, all comparisons are to the three months ended September 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Q3" refers to the three months ended September 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segment, and "consolidated" refers to the consolidated results of Twin Vee PowerCats Co.) Shareholders of both Twin Vee and Forza X1, Inc. (OTC: FRZA) voted in favor of the merger of these two entities.
  • 11/14/2024

Twin Vee PowerCats Co. and Forza X1, Inc. Shareholders Vote to Approve Merger Between Companies

  • FORT PIERCE, FL / ACCESSWIRE / November 13, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), and Forza X1, Inc. (OTC:FRZA),("Forza"), today announced that their respective shareholders have voted to approve the previously announced merger agreement at their respective annual shareholder meetings held on November 11, 2024. The merger's closing is subject to the satisfaction of the remaining customary closing conditions, and both companies expect the merger to close in the near future.
  • 11/13/2024

Twin Vee PowerCats Co. Announces Third Quarter 2024 Earnings Call on November 14

  • FORT PIERCE, FL / ACCESSWIRE / November 7, 2024 / Twin Vee PowerCats, Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Thursday, November 14, 2024, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the third quarter of 2024.
  • 11/07/2024

Twin Vee PowerCats Co. Launches "CEO Hustle" Webcast

  • FORT PIERCE, FL / ACCESSWIRE / October 30, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, launched its new webcast series, "CEO Hustle," with two videos hosted by CEO Joseph Visconti. CEO Hustle is posted regularly on Joseph's social media accounts and YouTube channel, ensuring convenient access for individuals who prefer to consume content on their platform of choice.
  • 10/30/2024

Twin Vee PowerCats Co. Announces "CEO Hustle" Webcast: A Direct Line to Everything Twin Vee

  • FORT PIERCE, FL / ACCESSWIRE / October 25, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced its official Twin Vee webcast called "CEO Hustle," hosted by CEO Joseph Visconti. The all-new series offers an unprecedented look at Twin Vee's Fort Pierce, Florida facility.
  • 10/25/2024

Twin Vee's 28 Aquasport Reviewed in Latest Power & Motoryacht Article

  • FORT PIERCE, FL / ACCESSWIRE / October 16, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, announced that renowned marine publication Power & Motoryacht positively reviewed the newly launched 28AS center console from its wholly-owned subsidiary, Aquasport, last week. Aquasport's 28AS is an entirely new design, the first in three decades.
  • 10/16/2024

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers and Looming Votes of FRZA and VEEE

  • NEW YORK , Oct. 14, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating: Forza X1, Inc. (Nasdaq: FRZA ), relating to its proposed merger with Twin Vee Powercats Co. Under the terms of the agreement, Forza shareholders are expected to receive 0.611666275 shares of Twin Vee per share of Forza they own.
  • 10/14/2024

FORZA X1 INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forza X1, Inc. - FRZA

  • NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Forza X1, Inc. (NasdaqCM: FRZA) to Twin Vee PowerCats Co. (NasdaqCM: VEEE). Under the terms of the proposed transaction, shareholders of Forza will receive 0.61166627 shares of Twin Vee for each share of Forza that they own. Upon closing of the proposed transaction, Forza shareholders would own approximately 3.
  • 10/10/2024

Twin Vee PowerCats Launching the Redesign of Its Best Selling Line of Bay Boats

  • FORT PIERCE, FL / ACCESSWIRE / September 30, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that plans to launch a redesigned 22-foot BayCat boat, adding it to the Company's expanding product line. Set to debut in early 2025, Twin Vee's best-selling bay boat is back.
  • 09/30/2024

Twin Vee PowerCats Co. Hires Carol Hindsman as New CTO to Develop Pro-Direct Platform, the All-Digital, Customer-Centric, End-to-End Boat Marketplace

  • FORT PIERCE, FL / ACCESSWIRE / September 24, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the appointment of Carol Hindsman as its new Chief Technology Officer (CTO). Hindsman, an accomplished engineer and technology executive, will play a pivotal role in overseeing the development of Twin Vee's Pro-Direct Platform, an automotive-inspired online marketplace being designed to revolutionize the boat-buying process, improve customer satisfaction, and help expand its reach to more markets nationwide.
  • 09/24/2024

Twin Vee PowerCats CEO Joseph Visconti Showcases New 280 GFX2 in YouTube Video

  • FORT PIERCE, FL / ACCESSWIRE / September 19, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer of offshore, family-friendly sport boats, today announced the launch of its all-new 280 GFX2. Twin Vee's next-generation 28-foot boat was released in a YouTube video where CEO Joseph Visconti showcased and demonstrated the many new upgrades and additions Twin Vee designed and engineered into this offshore PowerCat fishing machine.
  • 09/19/2024

Twin Vee PowerCats Initiates Development on Automotive-Inspired Buy/Sell Marketplace & All Digital, Customer-Centric, End-to-End Boat Buying Platform

  • FORT PIERCE, FL / ACCESSWIRE / September 16, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, announced today that it has initiated a groundbreaking plan to transform the boat buying experience with the introduction of its automotive industry-inspired "Pro-Direct Platform." The Company anticipates its Pro-Direct Platform will revolutionize how its products are sold, improve customer satisfaction, and help expand its reach to more markets nationwide.
  • 09/16/2024

FORZA X1 INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forza X1, Inc. - FRZA

  • NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Forza X1, Inc. (NasdaqCM: FRZA) to Twin Vee PowerCats Co. (NasdaqCM: VEEE). Under the terms of the proposed transaction, shareholders of Forza will receive 0.61166627 shares of Twin Vee for each share of Forza that they own. Upon closing of the proposed transaction, Forza shareholders would own approximately 3.
  • 08/15/2024

Twin Vee Powercats Co. (VEEE) Q2 2024 Earnings Call Transcript

  • Twin Vee Powercats Co. (NASDAQ:VEEE ) Q2 2024 Results Conference Call August 14, 2024 4:00 PM ET Company Participants Joseph Visconti - President and CEO Michael Dickerson - CFO Operator Ladies and gentlemen, welcome to the Twin Vee PowerCats Company Second Quarter 2024 Investor Call. As a reminder, this call is being recorded.
  • 08/14/2024

Twin Vee PowerCats Co. Reports Second Quarter 2024 Results of Operations

  • FORT PIERCE, FL / ACCESSWIRE / August 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), manufactures Twin Vee PowerCats and AquaSport boats knows as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida today reported operational highlights and financial results for three months ended June 30, 2024. Highlights for three months ended June 30, 2024: (Unless otherwise noted, all comparisons are to the three months ended June 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segment, and "consolidated" refers to the consolidated results of Twin Vee PowerCats Co.) Twin Vee experienced a decline in demand for its products due to higher interest rates and slowing economic demand for recreational vehicles Proactive measures were taken to mitigate slowing demand challenges, including lowering production numbers, tightened financial controls, and a reduction in workforce.
  • 08/14/2024

Forza X1, Inc. Suspends Second Quarter 2024 Financial Results Call Due to Announcement of Merger Agreement with Twin Vee PowerCats Co.

  • Investors Encouraged to Attend Twin Vee's Earnings Call on August 14 at 4:00 pm EDT FORT PIERCE, FL / ACCESSWIRE / August 13, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats stated today that, in light of the Merger Agreement between Forza and Twin Vee PowerCats Co. (NASDAQ:VEEE) that was announced yesterday afternoon via 8-K, its conference call and audio webcast originally scheduled for Wednesday, August 14, 2024, at 2:00 p.m. (Eastern Time) will no longer be taking place.
  • 08/13/2024

Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement

  • FORT PIERCE, FL / ACCESSWIRE / August 12, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee") and Forza X1, Inc. (Nasdaq:FRZA) ("Forza"), today jointly announced that they have entered into a definitive merger agreement for an all-stock transaction pursuant to which Forza will merge with and into a wholly owned subsidiary and survive the merger. Under the terms of the merger agreement, each holder of Forza Common Stock (other than Twin Vee) will receive 0.61166627 shares of Twin Vee Common Stock (the "Exchange Ratio") in exchange for each share of Forza Common Stock that they own on the effective date of the merger for a maximum of 5,355,000 shares of Twin Vee Common Stock (no fractional shares will be issued) and the 7,000,000 shares of Forza Common Stock held by Twin Vee will be canceled.
  • 08/12/2024

Twin Vee PowerCats Co. Announces Second Quarter 2024 Earnings Call on August 14

  • FORT PIERCE, FL / ACCESSWIRE / August 7, 2024 / Twin Vee PowerCats, Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Wednesday, August 14, 2024, at 4:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the second quarter of 2024.
  • 08/07/2024

Twin Vee PowerCats Co. Appoints Karl Zimmer as President to Drive Strategic Growth Initiatives

  • FORT PIERCE, FL / ACCESSWIRE / July 15, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a designer, manufacturer, and distributor of recreational and commercial power boats, is pleased to announce the appointment of Karl Zimmer as President of the Company effective July 12, 2024. This strategic leadership change will enable Joseph Visconti, the current CEO who until the appointment also served as President, to dedicate his efforts towards expanding the Company's business, developing potential mergers and acquisitions, enhancing sales and marketing strategies, expanding investor relations, and steering the long-term vision of Twin Vee.
  • 07/15/2024

Twin Vee PowerCats Co. Reports Results for First Quarter 2024 Operations

  • FORT PIERCE, FL / ACCESSWIRE / May 15, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for three months ended March 31, 2024. Highlights for three months ended March 31, 2024: (All comparisons are to the three months ended March 31, 2023 unless otherwise noted) Revenue for the three months ending March 31, 2024, decreased by 41% to $5,276,000 from $8,877,000 in the corresponding period of the previous year.
  • 05/15/2024

Twin Vee PowerCats Co. Announces Q1 2024 Earnings Call on May 15

  • FORT PIERCE, FL / ACCESSWIRE / May 8, 2024 / Twin Vee PowerCats, Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Wednesday, May 15, 2024, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for Q1 2024.
  • 05/08/2024

Twin Vee PowerCats Co. Partners with Raymarine on Next Generation GFX-2 Boat Models

  • FORT PIERCE, FL / ACCESSWIRE / April 26, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it has partnered with Raymarine to integrate optional electronics packages for its all-new 2025 GFX-2 flagship model series. Raymarine has been designing and producing high-performance marine navigation technology for over 80 years.
  • 04/26/2024

Twin Vee PowerCats Co. Details the Standards to Be Included in Its All-New Second Generation GFX Model Line

  • FORT PIERCE, FL / ACCESSWIRE / April 24, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced more details about its second-generation GFX model line (or GFX-2 for short). "Building upon the success of our GFX boats, Twin Vee has designed the next evolution of the GFX to include all-new equipment, amenities, and features that all come standard with our entire model line," stated Joseph Visconti, CEO and President of Twin Vee PowerCats Co. "We're manufacturing the GFX-2 to include newly designed and integrated upgrades to elevate our customer's experience on the water.
  • 04/24/2024

Twin Vee PowerCats Co. Hires Tom Morford as Director of National Sales

  • FORT PIERCE, FL / ACCESSWIRE / April 23, 2024 / Twin Vee PowerCats, Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it hired industry veteran Thomas Morford as its Director of National Sales to support its continued growth and enhance its presence in key national markets and other territories. Mr. Morford's new position is effective immediately.
  • 04/23/2024

Twin Vee PowerCats Co. Appoints Michael P. Dickerson as New Chief Financial & Administrative Officer

  • FORT PIERCE, FL / ACCESSWIRE / April 5, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a designer, manufacturer, and distributor of recreational and commercial power boats, today announced the appointment of Michael P. Dickerson as its Chief Financial & Administrative Officer, effective April 4, 2024.
  • 04/05/2024

Twin Vee PowerCats Co. Launches Next Generation of Its Successful GFX Model Line: The Best Riding Boat Just Got Smarter

  • FORT PIERCE, FL / ACCESSWIRE / April 4, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the launch of the all-new second generation of its GFX model line that features a multitude of design, styling, and technological innovations that is expected elevate the Twin Vee brand above its competitors as well as the impressive legacy of the first-generation of GFX boats. The second generation of the GFX model line, or GFX-2 for short, will feature five lengths ranging in size from 24 feet to 40 feet in length.
  • 04/04/2024

Twin Vee PowerCats Co. (VEEE) Q4 2023 Earnings Call Transcript

  • Twin Vee PowerCats Co. (VEEE) Q4 2023 Earnings Call Transcript
  • 03/26/2024

Twin Vee PowerCats Co. Reports 4% Increase in Revenue for the Year Ended December 31, 2023

  • FORT PIERCE, FL / ACCESSWIRE / March 26, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for fiscal year ended December 31, 2023. Highlights for fiscal year 2023: Revenue for the year ended December 31, 2023 increased 4% to $33,426,000 as compared to $31,988,000 in 2022.
  • 03/26/2024

CORRECTION: Twin Vee PowerCats Co. Announces Year End 2023 Earnings Call on March 26 at 12:00 pm Eastern

  • (This release corrects the release that was posted earlier on March 19, 2024 to clarify that Twin Vee PowerCats Co.'s conference call and audio webcast will be held at 12:00 pm (Eastern Time) on Tuesday, March 26, 2024.) FORT PIERCE, FL / ACCESSWIRE / March 19, 2024 / Twin Vee PowerCats, Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport catamaran boats, will host a conference call and audio webcast on Tuesday, March 26, 2024, at 12:00 p.m.
  • 03/19/2024

Twin Vee PowerCats Co. Announces Year End 2023 Earnings Call on March 26

  • FORT PIERCE, FL / ACCESSWIRE / March 19, 2024 / Twin Vee PowerCats, Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport catamaran boats, will host a conference call and audio webcast on Tuesday, March 26, 2024, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for Year End 2023.
  • 03/19/2024

Forza X1, Inc. Names Joseph Visconti as Interim CEO and Daniel Norton as President

  • FORT PIERCE, FL / ACCESSWIRE / March 18, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced last week the appointment of Joseph Visconti as the Company's Interim Chief Executive Officer and Daniel Norton as the Company's President, effective immediately. They replace Jim Leffew, who notified the Company of his resignation on March 6th.
  • 03/18/2024

Twin Vee PowerCats Co. Expands Dealership Network to Middle East with Latest Partnership with Maz Boats

  • FORT PIERCE, FL / ACCESSWIRE / March 15, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced a significant expansion of its authorized dealer network with the addition of Maz Boats as its exclusive dealer for Dubai, United Arab Emirates (UAE) and other Gulf Cooperation Council countries like Kuwait, Saudi Arabia, Oman, and Qatar. This new partnership marks the first time in its nearly thirty-year history that Twin Vee products will be sold in the Middle East and underscores the Company's dedication to growing its market share internationally and tapping into the demand for high-quality marine vessels in the region.
  • 03/15/2024

Twin Vee PowerCats Co. Announces Dealer Meeting in May to Launch Model Year 2025 Product Line That Includes 280 Autonomous Super Boat and 280 Dual Console

  • FORT PIERCE, FL / ACCESSWIRE / March 13, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced its upcoming dealer meeting on May 19-20, 2024, at The Ben Hotel in West Palm Beach, Florida. The annual event will bring together representatives from Twin Vee's nationwide dealer network to unveil the Company's Model Year 2025 offerings.
  • 03/13/2024

Twin Vee PowerCats Co. Announce Arrival of Avikus Engineers to Fort Pierce to Begin Work on Autonomous A.I. Technology Partnership

  • FORT PIERCE, FL / ACCESSWIRE / February 1, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that engineers from Avikus Co., Ltd. have arrived at Twin Vee's Fort Pierce, Florida facility to begin work on their partnership intended to create the world's first autonomously equipped recreational sport boat company.
  • 02/01/2024

Twin Vee PowerCats Co. Announces Internal Measures to Reduce Costs While Continuing Its Growth Efforts

  • FORT PIERCE, FL / ACCESSWIRE / January 29, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a manufacturer, distributor, and 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.
  • 01/29/2024

Avikus, Forza X1, Inc. and Twin Vee PowerCats Co. Announce Plans for the Future of Recreational Boating with Autonomous A.I. Technology Partnership

  • SEOUL, SOUTH KOREA and FORT PIERCE, FL / ACCESSWIRE / January 11, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats, revealed yesterday that it entered a groundbreaking partnership with Avikus Co., Ltd. (a startup specializing in autonomous navigation solutions, was established in December 2020 by H.D.
  • 01/11/2024

Avikus and Aquasport Boats Announce Plans for the Future of Recreational Boating with Autonomous A.I. Technology Partnership

  • SEOUL, SOUTH KOREA and FORT PIERCE, FL / ACCESSWIRE / January 10, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, and Avikus Co., Ltd. (a startup specializing in autonomous navigation solutions, was established in December 2020 by H.D.
  • 01/10/2024

Twin Vee PowerCats Co. and AquaSport Co. Subsidiary Announce the Launch of Three New Boat Models as Company Continues Its Growth Strategy with Innovative Product Development

  • FORT PIERCE, FL / ACCESSWIRE / December 13, 2023 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the launch of three new boat models as it closes out the fourth quarter of 2023. The second-generation Twin Vee 400 GFX, the Aquasport 24 Center Console, and the Twin Vee 280 GFX Dual Console are the latest additions to the Company's diverse lineup of boats.
  • 12/13/2023

Twin Vee PowerCats Co. (VEEE) Q3 2023 Earnings Call Transcript

  • Twin Vee PowerCats Co. (NASDAQ:VEEE ) Q3 2023 Earnings Conference Call November 13, 2023 10:00 AM ET Company Participants Joseph Visconti - President and Chief Executive Officer Operator Welcome to the Twin Vee PowerCats Company Third Quarter 2023 Investor Call. As a reminder, this call is being recorded and all participants are in a listen-only mode.
  • 11/13/2023

Twin Vee Powercats Co. (VEEE) Q1 2023 Earnings Call Transcript

  • Twin Vee Powercats Co. (NASDAQ:VEEE ) Q1 2023 Earnings Conference Call May 15, 2023 12:00 PM ET Company Participants Joseph Visconti - President & CEO Jim Leffew - President & CEO, Forza X1, Incorporated Carrie Gunnerson - CFO Conference Call Participants Paul Johnston - Private Investor Mike Powell - Private Investor Operator Welcome to the Twin Vee PowerCats Company First Quarter 2023 Investor Call. As a reminder, this call is being recorded and all participants are in a listen-only mode.
  • 05/15/2023

Twin Vee Powercats Co. (VEEE) Q3 2022 Earnings Call Transcript

  • Twin Vee Powercats Co. (NASDAQ:VEEE ) Q3 2022 Results Conference Call November 8, 2022 3:00 PM ET Company Participants Joseph Visconti - President and CEO Carrie Gunnerson - CFO Operator Welcome to the Twin Vee Powercats Co. Third Quarter 2022 Investor Call. [Operator Instructions] Your speaker for today's program is Joseph Visconti, CEO and President of Twin Vee Powercats Co.; and Carrie Gunnerson, CFO of Twin Vee Powercats Co. Before I turn the call over to Joseph, please remember that certain statements made during this investor call are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
  • 11/12/2022

Twin Vee PowerCats Co. to Host Third Quarter 2022 Earnings Call on November 8

  • FORT PIERCE, FL / ACCESSWIRE / November 1, 2022 / Twin Vee PowerCats, Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of powersport catamaran boats will host a conference call and audio webcast on Tuesday, November 8, 2022, at3:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the third quarter of 2022.
  • 11/01/2022

Twin Vee Powercats Co. (VEEE) CEO Joseph Visconti on Q2 2022 Results - Earnings Call Transcript

  • Twin Vee Powercats Co. (NASDAQ:VEEE ) Q2 2022 Results Conference Call August 11, 2022 4:30 PM ET Company Participants Joseph Visconti - CEO Carrie Gunnerson - CFO Operator Good day, and welcome to the Twin Vee Powercats Co. Second Quarter 2022 Investor Call. As a reminder, this call is being recorded, and all participants are in a listen-only mode.
  • 08/12/2022

Twin Vee Powercats (VEEE) Stock: Why It Skyrocketed Over 65% Today

  • The stock price of Twin Vee Powercats (VEEE) surged by over 65% during intraday trading today. This is why.
  • 08/12/2022

Twin Vee Powercats Co. (VEEE) CEO Joseph Visconti on Q1 2022 Results - Earnings Call Transcript

  • Twin Vee Powercats Co. (NASDAQ:VEEE ) Q1 2022 Earnings Conference Call May 12, 2022 4:00 PM ET Company Participants Joseph Visconti - Chairman, President & CEO Carrie Gunnerson - CFO Conference Call Participants Brian Carstens - ThinkEquity Bank Keith Van Allen - Private Investor Operator Welcome to the Twin Vee Powercats Co. First Quarter 2022 Investor Call. As a reminder, this call is being recorded, and all participants are in a listen-only mode.
  • 05/13/2022

Twin Vee PowerCats Co. to Host Fourth Quarter 2021 Earnings Call on March 30

  • FORT PIERCE, FL / ACCESSWIRE / March 24, 2022 / Twin Vee PowerCats, Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer of recreational and commercial power catamaran boats, will host a conference call and audio webcast on Wednesday, March 30, 2022, at 4:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the fourth quarter of 2021.
  • 03/24/2022

Twin Vee Powercats: Sailing Away With The Electric Revolution

  • The company's subsidiary is in process to IPO at a potential valuation that could dwarf existing market cap. This IPO is still under the radar as the company did not issue a press release yet - this could happen any day now.
  • 01/05/2022

Low Float Penny Stocks To Buy For Under $5 After RELI Surges 250%

  • Low float penny stocks to add to your watch list this week The post Low Float Penny Stocks To Buy For Under $5 After RELI Surges 250% appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
  • 12/28/2021

Twin Vee PowerCats Co. to Host Third Quarter 2021 Earnings Call on November 15

  • FORT PIERCE, FL / ACCESSWIRE / November 10, 2021 / Twin Vee PowerCats, Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer of recreational and commercial power catamaran boats, will host a conference call and audio webcast on Monday, November 15, 2021, at 4:30 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the third quarter of 2021.
  • 11/10/2021

Twin Vee PowerCats Plans to Launch "Fix My Boat", the First Nationally Branded Mobile Marine Service Company

  • FORT PIERCE, FL / ACCESSWIRE / October 18, 2021 / Twin Vee PowerCats, Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer of recreational and commercial power catamaran boats, today unveiled Fix My Boat, a 100% wholly-owned subsidiary. Fix My Boat, Inc. intends to be the first nationally branded, mobile marine service company utilizing a franchising model for marine mechanics across the country.
  • 10/18/2021

Twin Vee Powercats, Inc. Issues Statement

  • FORT PIERCE, FL / ACCESSWIRE / August 25, 2021 / Twin Vee Powercats, Inc. (OTC Markets:TVPC) has released the following statement: We have received many inquiries from our stockholders regarding the relationship between Twin Vee Powercats, Inc. "OTC:TVPC" and Twin Vee PowerCats, Co. "Nasdaq:VEEE." For the period between 2016 through July 20, 2021, TVPC was the parent company and Twin Vee PowerCats Co. was its wholly-owned, operating subsidiary.
  • 08/25/2021

Twin Vee PowerCats Co. to Host Second Quarter 2021 Earnings Call on August 24

  • FORT PIERCE, FL / ACCESSWIRE / August 20, 2021 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company") a designer, manufacturer, distributor, and marketer of recreational and commercial power catamaran boats, will host a conference call and audio webcast on Tuesday, August 24, 2021, at 10:00 a.m. (ET) to discuss and answer questions about the Company's operational and financial highlights for the second quarter of 2021.
  • 08/20/2021

Rudow's FishTalk Magazine Reviews Twin Vee 280 CC GFX in August 2021 Issue

  • FT. PIERCE, FL / ACCESSWIRE / August 3, 2021 / Twin Vee PowerCats, Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a designer, manufacturer, and marketer of recreational and commercial power catamaran boats, announced today that a review of Twin Vee's 280 Center Console GFX is featured in the August 2021 issue of the magazine Rudow's FishTalk . In his review, Lenny Rudow discusses his experience with the 280 CC GFX, supplementing the tour he took of the boat at the 2021 Bay Ridge Boat Show on the magazine's YouTube channel.
  • 08/03/2021

Twin Vee PowerCats Co. Announces Closing of Initial Public Offering

  • FORT PIERCE, FL / ACCESSWIRE / July 23, 2021 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company") a designer, manufacturer and marketer of recreational and commercial power catamaran boats, today announced the closing of its initial public offering of 3,000,000 shares of its common stock at a public offering price of $6.00 per share, for gross proceeds of $18,000,000, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 450,000 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount.
  • 07/23/2021

Five Companies Went Public Today. Here's How They Did.

  • CS Disco and VTEX are trading on the New York Stock Exchange. Kaltura, Paycor HCM, and Twin Vee PowerCats are listed on the Nasdaq.
  • 07/21/2021
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