Twin Vee Shares Surge 54.6% Post Reverse Split as Electric Boat Ambitions Grow
By ATTN Desk · Editorial oversight: Sean Han
Company Overview
Twin Vee PowerCats Co. (NASDAQ: VEEE) is a Fort Pierce, Florida-based designer, manufacturer, and marketer of recreational and commercial power catamaran boats. Founded in 1996, the company operates a 7.5-acre facility encompassing 75,000 square feet and sells through a network of 10 independent dealers across 14 locations in North America and the Caribbean. As of September 5, 2025, VEEE shares closed at $3.00, reflecting a price change of 54.64% on a volume of 13,106,269 shares.
Corporate Structure and Experience
Twin Vee employs approximately 85 people, some of whom have over twenty years of service. The business is organized into three operating segments:
- Gas-Powered Boats, featuring ten in-production models ranging from 24-foot dual-engine center consoles to the 40-foot offshore 400 GFX.
- Electric Boat and Development, which designs fully electric boats under the ELECTRA Power Sports brand.
- Franchise, standardizing product offerings for dealer and distributor networks.
Power Catamaran by Liane Lee
Recent Developments and News
- On April 4, 2025, Nasdaq published an Equity Corporate Actions Alert (#2025-178) regarding a reverse stock split and a change of CUSIP for VEEE.
- On August 7, 2025, Twin Vee filed its quarterly report on Form 10-Q for the period ended June 30, 2025.
- On August 8, 2025, the company amended Schedule 13G, indicating that certain institutional investors reported zero shares.
- On August 12, 2025, Twin Vee submitted a current report on Form 8-K covering items 2.02 and 9.01.
- In 2025, Twin Vee announced the acquisition of Bahama Boat Works and expanded its online 3D configurator to include the 260 GFX2, 280 GFX2, and 400 GFX2 models. CEO Joseph Visconti showcased the new 22 BayCat model in a video walkthrough.
Financial and Strategic Analysis
| Metric | Value |
|---|---|
| Share Price (9/05/2025) | $3.00 (+54.64%) |
| Volume (9/05/2025) | 13,106,269 |
| 52-Week Range | $1.86 – $9.30 |
| Market Cap | $4.34 million |
| Price/Sales (ttm) | 0.20 |
| Price/Book (mrq) | 0.23 |
| Profit Margin (ttm) | -73.58% |
| Return on Assets (ttm) | -23.31% |
| Return on Equity (ttm) | -46.76% |
| Revenue (ttm) | $13.15 million |
| Net Income (ttm) | -$9.68 million |
| Diluted EPS (ttm) | -$8.06 |
| Total Cash (mrq) | $5.96 million |
| Total Debt/Equity (mrq) | 4.14% |
| Levered Free Cash Flow (ttm) | -$12.2 million |
Twin Vee reported $13.15 million in trailing twelve-month revenue but also reported a net loss of $9.68 million, resulting in an EPS of -$8.06. The balance sheet indicates $5.96 million in cash with low leverage (4.14%, debt/equity). Strategic initiatives include expanding the electric boat segment and growing the franchise network.
Market Position and Industry Context
Twin Vee operates within the recreational and commercial power catamaran sector, utilizing a symmetrical twin-hull design that provides increased stability and fuel efficiency compared to monohulls. Key end markets include offshore fishing, family cruising, and commercial activities such as eco-tours and dive expeditions. With a market capitalization of $4.34 million, Twin Vee's future growth will depend on expanding its dealer network, timely vehicle deliveries, and advancements in electric propulsion.
tl;dr
VEEE shares increased 54.64% to $3.00 on September 5, 2025, with significant trading volume. A reverse stock split took effect on April 4, 2025, and corporate filings on August 7, 8, and 12 detailed quarterly results and operational updates. The company recorded a $9.68 million net loss against $13.15 million in revenue (ttm) and a negative EPS of -$8.06. In 2025, Twin Vee acquired Bahama Boat Works and expanded its 3D configurator. Upcoming goals include launching new models, expanding the electric boat segment, and increasing its dealer presence.