Twin Vee Powercats Co. (VEEE) 10-Year Financial Performance & Capital Metrics

VEEE • • Industrial / General

Consumer CyclicalRecreational VehiclesRecreational BoatsFishing & Utility Boats

AboutTwin Vee PowerCats Co. designs, manufactures, and markets recreational and commercial power catamaran boats. The company operated through three segments: Gas-Powered Boat, Electric-Powered Boat, and Franchise. The company's boats allow consumers to use them for a range of recreational activities, including fishing, diving, and water skiing; and commercial activities, including transportation, eco tours, fishing and diving expeditions. Further, it is developing fully electric and gas-powered boats. The company sells its boats through a network of 19 independent boat dealers in North America and the Caribbean. Twin Vee PowerCats Co. was founded in 1996 and is headquartered in Fort Pierce, Florida. Twin Vee Powercats Co. operates as a subsidiary of Twin Vee PowerCats, Inc.Show more

Revenue $14M -57.0%
EBITDA -$13M -20.4%
Net Income -$11M -53.6%
EPS (Diluted) -11.01 -1348.7%
Gross Margin -5.22% -153.4%
EBITDA Margin -89.01% -179.8%
Operating Margin -101.13% -182.0%
Net Margin -76.77% -256.8%
ROE -43.09% -94.9%
ROIC -62.12% -8.0%
Debt/Equity 0.19 +39.6%
Interest Coverage -65.37 -20.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 89.5% through buybacks
✓Trading at only 0.1x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 13 (bottom 13%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y6.64%

3Y-3.02%

TTM-34.7%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM0.52%

EPS CAGR

10Y-

5Y-

3Y-

TTM-191.43%

ROCE

10Y Avg-18.13%

5Y Avg-16.72%

3Y Avg-35.79%

Latest-50.38%

Peer Comparison

Fishing & Utility Boats

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VEEETwin Vee Powercats Co.	3.45M	1.54	-0.14	-56.95%	-72.52%	-62.28%		0.19

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	10.43M	11.06M	15.77M	31.99M	33.43M	14.39M
Revenue Growth %	-	0.06%	0.43%	1.03%	0.04%	-0.57%
Cost of Goods Sold+	6.35M	6.29M	9.5M	21.33M	30.16M	15.14M
COGS % of Revenue	0.61%	0.57%	0.6%	0.67%	0.9%	1.05%
Gross Profit+	4.08M	4.77M	6.28M	10.66M	3.27M	-751.42K
Gross Margin %	0.39%	0.43%	0.4%	0.33%	0.1%	-0.05%
Gross Profit Growth %	-	0.17%	0.31%	0.7%	-0.69%	-1.23%
Operating Expenses+	4.24M	4.05M	7.91M	16.68M	15.25M	13.8M
OpEx % of Revenue	0.41%	0.37%	0.5%	0.52%	0.46%	0.96%
Selling, General & Admin	4.12M	3.9M	7.5M	15.18M	12.46M	9.67M
SG&A % of Revenue	0.4%	0.35%	0.48%	0.47%	0.37%	0.67%
Research & Development	0	0	211.11K	941.53K	1.44M	586.38K
R&D % of Revenue	-	-	0.01%	0.03%	0.04%	0.04%
Other Operating Expenses	115.06K	155.73K	198.52K	553.75K	1.35M	3.54M
Operating Income+	-161.23K	720.83K	-1.63M	-6.02M	-11.99M	-14.55M
Operating Margin %	-0.02%	0.07%	-0.1%	-0.19%	-0.36%	-1.01%
Operating Income Growth %	-	5.47%	-3.26%	-2.69%	-0.99%	-0.21%
EBITDA+	-46.17K	876.56K	-1.43M	-5.47M	-10.63M	-12.81M
EBITDA Margin %	-0%	0.08%	-0.09%	-0.17%	-0.32%	-0.89%
EBITDA Growth %	-	19.99%	-2.63%	-2.82%	-0.94%	-0.2%
D&A (Non-Cash Add-back)	115.06K	155.73K	198.52K	553.75K	1.35M	1.75M
EBIT	-161.23K	1.35M	-874.3K	-5.63M	-9.56M	-13.79M
Net Interest Income+	-165.47K	-178.58K	-136.71K	-88.75K	-172.79K	-72.04K
Interest Income	0	0	0	75.4K	48.37K	150.55K
Interest Expense	165.47K	178.58K	136.71K	164.16K	221.16K	222.59K
Other Income/Expense	-165.47K	450.24K	619.71K	228.29K	2.21M	541.86K
Pretax Income+	-326.69K	1.17M	-1.01M	-5.79M	-9.78M	-14.01M
Pretax Margin %	-0.03%	0.11%	-0.06%	-0.18%	-0.29%	-0.97%
Income Tax+	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	0.89%	0.74%	0.79%
Net Income+	-326.69K	1.17M	-1.01M	-5.14M	-7.19M	-11.05M
Net Margin %	-0.03%	0.11%	-0.06%	-0.16%	-0.22%	-0.77%
Net Income Growth %	-	4.58%	-1.86%	-4.08%	-0.4%	-0.54%
Net Income (Continuing)	-326.69K	1.17M	-1.01M	-5.79M	-9.78M	-14.01M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	4.59M	8.54M	0
EPS (Diluted)+	-0.07	0.16	-0.16	-0.78	-0.76	-11.01
EPS Growth %	-	3.42%	-2%	-3.88%	0.03%	-13.49%
EPS (Basic)	-0.07	0.16	-0.16	-0.78	-0.76	-11.01
Diluted Shares Outstanding	7.45M	7.45M	7M	7.62M	9.52M	1M
Basic Shares Outstanding	7.45M	7.45M	7M	7.62M	9.52M	1M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	931.93K	1.83M	13.07M	29.89M	26.65M	10.42M
Cash & Short-Term Investments	215.57K	891.82K	9.97M	24.98M	20.96M	7.49M
Cash Only	215.57K	891.82K	6.98M	23.5M	16.5M	7.49M
Short-Term Investments	0	0	3M	1.48M	4.46M	0
Accounts Receivable	0	6.1K	292.06K	14.17K	80.16K	0
Days Sales Outstanding	-	0.2	6.76	0.16	0.88	-
Inventory	704.16K	936.68K	1.8M	4.01M	4.88M	2.52M
Days Inventory Outstanding	40.44	54.36	69.16	68.59	59.12	60.68
Other Current Assets	0	0	105.5K	882.42K	720.75K	411.26K
Total Non-Current Assets+	1.33M	2.67M	7.53M	8.34M	13.2M	15.47M
Property, Plant & Equipment	1.33M	2.64M	4.43M	6.87M	13.15M	15.43M
Fixed Asset Turnover	7.87x	4.18x	3.56x	4.66x	2.54x	0.93x
Goodwill	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0
Long-Term Investments	0	0	3.07M	1.45M	0	0
Other Non-Current Assets	0	25K	25K	32.52K	51.42K	40.28K
Total Assets+	2.26M	4.5M	20.6M	38.23M	39.85M	25.89M
Asset Turnover	4.62x	2.46x	0.77x	0.84x	0.84x	0.56x
Asset Growth %	-	1%	3.57%	0.86%	0.04%	-0.35%
Total Current Liabilities+	1.62M	1.44M	2.16M	3.79M	4.22M	3.75M
Accounts Payable	863.64K	799.28K	1.2M	2.07M	2.4M	2.22M
Days Payables Outstanding	49.6	46.39	46.15	35.35	29.03	53.4
Short-Term Debt	0	27.85K	0	0	0	0
Deferred Revenue (Current)	71.5K	6.78K	14.1K	5.3K	44.2K	80K
Other Current Liabilities	158.53K	-27.85K	75K	906.79K	192.89K	213.55K
Current Ratio	0.58x	1.27x	6.07x	7.88x	6.32x	2.78x
Quick Ratio	0.14x	0.62x	5.23x	6.83x	5.16x	2.11x
Cash Conversion Cycle	-	8.18	29.77	33.4	30.96	-
Total Non-Current Liabilities+	525.5K	1.52M	1.74M	1.42M	3.58M	2.92M
Long-Term Debt	525.5K	499.9K	499.9K	499.9K	499.9K	499.9K
Capital Lease Obligations	0	1.02M	1.24M	919.63K	3.08M	2.42M
Deferred Tax Liabilities	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	1
Total Liabilities	2.14M	2.96M	3.9M	5.21M	7.8M	6.67M
Total Debt+	971.26K	1.84M	2.11M	1.9M	4.28M	3.58M
Net Debt	755.69K	947.07K	-4.86M	-21.6M	-12.22M	-3.91M
Debt / Equity	8.40x	1.19x	0.13x	0.06x	0.13x	0.19x
Debt / EBITDA	-	2.10x	-	-	-	-
Net Debt / EBITDA	-	1.08x	-	-	-	-
Interest Coverage	-0.97x	4.04x	-11.93x	-36.68x	-54.20x	-65.37x
Total Equity+	115.61K	1.55M	16.7M	33.02M	32.05M	19.22M
Equity Growth %	-	12.4%	9.78%	0.98%	-0.03%	-0.4%
Book Value per Share	0.02	0.21	2.39	4.33	3.37	19.16
Total Shareholders' Equity	115.61K	1.55M	16.7M	28.44M	23.51M	19.22M
Common Stock	4K	4K	7K	9.52K	9.52K	14.87K
Retained Earnings	-2.18M	-1.01M	-2.02M	-7.15M	-14.35M	-25.39M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0
Minority Interest	0	0	0	4.59M	8.54M	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-152.26K	640.25K	-1.95M	-4.15M	-6.93M	-6.97M
Operating CF Margin %	-0.01%	0.06%	-0.12%	-0.13%	-0.21%	-0.48%
Operating CF Growth %	-	5.21%	-4.04%	-1.13%	-0.67%	-0.01%
Net Income	-326.69K	1.17M	-1.01M	-5.79M	-7.19M	-14.01M
Depreciation & Amortization	115.06K	462.87K	198.52K	553.75K	1.35M	1.75M
Stock-Based Compensation	0	0	309.83K	1.45M	1.9M	1.18M
Deferred Taxes	0	0	0	0	0	0
Other Non-Cash Items	0	-628.83K	83.49K	591.21K	-1.78M	1.98M
Working Capital Changes	59.38K	-364.87K	-1.53M	-946.33K	-1.22M	2.14M
Change in Receivables	74.45K	-3.27K	-5.14K	-9.03K	-65.99K	80.16K
Change in Inventory	163.06K	-232.52K	-913.51K	-2.21M	-1.3M	2.7M
Change in Payables	-103.19K	-64.36K	401.58K	864.82K	333.35K	-183.95K
Cash from Investing+	-675.74K	-200.45K	-8.04M	-195.6K	-6.63M	-1.86M
Capital Expenditures	-675.74K	-525.2K	-1.94M	-3.37M	-5.16M	-6.34M
CapEx % of Revenue	0.06%	0.05%	0.12%	0.11%	0.15%	0.44%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	-25K	0	-3.01M	-18.9K	17.14K
Cash from Financing+	1.02M	236.44K	16.07M	20.87M	6.82M	-213.74K
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	1.14M	-191.71K	-286.47K	-69.48K	0	0
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	-828K	115.06K	-3.89M	-7.51M	-12.1M	-13.32M
FCF Margin %	-0.08%	0.01%	-0.25%	-0.23%	-0.36%	-0.93%
FCF Growth %	-	1.14%	-34.79%	-0.93%	-0.61%	-0.1%
FCF per Share	-0.11	0.02	-0.56	-0.99	-1.27	-13.27
FCF Conversion (FCF/Net Income)	0.47x	0.55x	1.93x	0.81x	0.96x	0.63x
Interest Paid	0	0	165.19K	0	0	0
Taxes Paid	0	0	0	0	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-282.59%	140.72%	-11.08%	-20.66%	-22.11%	-43.09%
Return on Invested Capital (ROIC)	-	32.11%	-17.07%	-38.84%	-57.54%	-62.12%
Gross Margin	39.09%	43.15%	39.79%	33.32%	9.77%	-5.22%
Net Margin	-3.13%	10.58%	-6.41%	-16.06%	-21.52%	-76.77%
Debt / Equity	8.40x	1.19x	0.13x	0.06x	0.13x	0.19x
Interest Coverage	-0.97x	4.04x	-11.93x	-36.68x	-54.20x	-65.37x
FCF Conversion	0.47x	0.55x	1.93x	0.81x	0.96x	0.63x
Revenue Growth	-	6.05%	42.58%	102.79%	4.5%	-56.95%

Frequently Asked Questions

Growth & Financials

Twin Vee Powercats Co. (VEEE) reported $13.7M in revenue for fiscal year 2024. This represents a 31% increase from $10.4M in 2019.

Twin Vee Powercats Co. (VEEE) saw revenue decline by 57.0% over the past year.

Twin Vee Powercats Co. (VEEE) reported a net loss of $9.9M for fiscal year 2024.

Dividend & Returns

Twin Vee Powercats Co. (VEEE) has a return on equity (ROE) of -43.1%. Negative ROE indicates the company is unprofitable.

Twin Vee Powercats Co. (VEEE) had negative free cash flow of $10.8M in fiscal year 2024, likely due to heavy capital investments.

← Back to Screener