US Market News
1月前
Twin Vee PowerCats Reports Continued Revenue Growth in the First QuarterMay 7, 2026 8:00 AM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / May 7, 2026 / 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, 2026.First Quarter 2026 Highlights:Revenues increased approximately 10% in the first quarter 2026 compared to the first quarter 2025, the fourth consecutive year-over-year quarterly positive growth rate.Revenues increased 31% in the first quarter 2026 compared to the fourth quarter 2025.Net loss was $2.09 million as compared to $1.6 million in the first quarter 2025, representing a change of 30%. Adjusted EBITDA loss was $776,000, representing a monthly cash loss of approximately $259,000, an improvement of 11% from the first quarter 2025.Reported Q1 results included approximately $1.3 million of non-cash and one-time items related to inventory adjustments, new product development, and field inventory management.Cash and equivalents increased by more than $4 million compared to the fourth quarter 2025, primarily from first-quarter equity offerings to support growth initiatives, product launches, and working capital.The Company relaunched Bahama Boat Works at the Palm Beach International Boat Show, unveiling new 21-foot and 23-foot models, complementing the Company's 35, 37, and 41-foot models, while delivering the first Bahama 35-foot vessel built at the Twin Vee factory."We are pleased to report we are opening the 2026 year with increased product offerings, expanding Twin Vee's product line with our official launch of Bahama Boat Works and our newly developed 21-foot and 23-foot Bahama models," explained Joseph Visconti, CEO, President, and Interim CFO of Twin Vee PowerCats Co. "Currently, the Company is focused on bringing more Bahama Boat Works models to market and widening the breadth of the brand's product offering."According to the Company, it experienced reduced margins in the first quarter directly related to sale incentives to reduce dealer inventory levels, reserves for inventory on hand related to a previously held licensed brand, and product development costs to bring the expanded Bahama Boat line-up to the Palm Beach International Boat Show.Building on the year-over-year growth trajectory established over the last four quarters, the Company remains confident that it is making continued progress towards profitability. "Our growth strategy remains anchored in disciplined execution," remarked Visconti. "We remain focused on ensuring that production increases are consistently matched with strict cost management and optimized working capital."As previously disclosed, on April 2, 2026, the Company received notice from Nasdaq that it no longer satisfies the minimum bid price requirement. The Company effected a 1-for-37 reverse stock split effective May 4, 2026 to address this deficiency. There can be no assurance that the Company will regain or maintain compliance with Nasdaq listing requirements.The Company expects to file its first quarter 2026 Form 10-Q today with the Securities and Exchange Commission, which can be accessed via https://ir.twinvee.com/sec-filings.About Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the Company's future financial and operating performance, anticipated revenue growth, expectations regarding profitability, the development and expansion of a full-scale Bahama Boat Works model lineup, and the Company's business strategy. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to increase production and revenues while expanding gross margins and remaining disciplined with operating costs, compliance with Nasdaq's continued listing requirements (including minimum bid price), and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:Glenn Sonoda
investor@twinvee.com March 31, December 31, 2026 2025 Change % Change Cash and cash equivalents $5,456,639 $1,431,578 $4,025,061 281.2%Restricted cash $215,117 $215,117 $- 0.0%Current assets $9,597,334 $4,897,217 $4,700,117 96.0%Current liabilities $3,232,034 $2,244,513 $987,521 44.0%Working capital $6,365,300 $2,652,704 $3,712,596 140.0% Three Months Ended March 31, 2026 2025 $ Change % Change Net sales $3,964,706 $3,612,291 $352,415 10%Cost of products sold (excluding depreciation & amortization) $3,768,369 $3,075,177 $693,192 23%Gross profit $196,337 $537,114 $(340,777) (63%)Operating expenses $2,332,271 $2,216,208 $116,063 5%Loss from operations $(2,135,934) $(1,679,094) $(456,840) 27%Other income $41,656 $68,854 $(27,198) (40%)Net loss $(2,094,278) $(1,610,240) $(484,038) 30%Basic and dilutive loss per share of common stock $(12.93) $(40.05) $27.12 (68%)Weighted average number of shares of common stock outstanding 161,925 40,201 Three Months Ended March 31, 2026 2025 Change % Change Cash used in operating activities $(1,661,001) $(1,736,276) $75,275 4%Cash used in investing activities $(108,661) $(789,774) $681,113 86%Cash provided by (used in) financing activities $5,794,723 $(54,806) $5,849,529 10,673%Non-GAAP Financial MeasuresWe have presented a supplemental non-GAAP financial measure in this earnings release. We believe that this supplemental information is useful to investors because it allows for an evaluation of the company with a focus on the performance of its core operations, including more meaningful comparisons of financial results to historical periods. Adjusted EBITDA is a non-GAAP financial measure which excludes certain non-cash expenses and non-recurring items. Our executive management team uses these same non-GAAP measures internally to assess the ongoing performance of the Company. Adjusted EBITDA is not intended to be a substitute for any GAAP financial measures, and, as calculated, may not be comparable to other similarly titled measures of performance of other companies in other industries or within the same industry.Below is a reconciliation of GAAP net loss to Adjusted EBITDA for the three months ended March 31, 2026 and 2025: Three Months Ended March 31, 2026 2025 Net loss $(2,094,278) $(1,610,240)Depreciation & amortization 467,161 441,672 Stock based compensation 74,925 55,968 Loss on sale of property & equipment - 63,011 Reserve for excess & obsolete inventory 173,409 26,644 Amortization of ROU asset 134,060 97,524 One-time penalty/fine 168,023 - One-time rebate of field inventory 109,479 Bahama Boat Re-launch at PBIBS 48,494 - Bahama Boat Excess Production Costs 108,720 WIZZ BANGER development costs 34,333 52,067 Adjusted EBITDA (775,673) $(873,354)All share numbers have been retrospectively adjusted for the one-for-37 reverse stock split effective May 4, 2026 and the one-for-ten reverse stock split effective April 7, 2025.SOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Reports Continued Revenue Growth in the First Quarter
US Market News
2月前
Twin Vee PowerCats Co. Announces Reverse Stock Split to Regain Compliance with Nasdaq's Bid Price RequirementApril 30, 2026 8:00 AM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / April 30, 2026 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that its Board of Directors has approved a 1-for-37 reverse stock split of the Company's issued and outstanding common stock. The reverse stock split is expected to become effective at 12:01 a.m. Eastern Time on May 4, 2026, with trading on a split-adjusted basis beginning on The Nasdaq Capital Market upon the commencement of trading on Monday, May 4, 2026 under the Company's existing ticker symbol, "VEEE."At the effective time, every 37 shares of Twin Vee's issued and outstanding common stock will automatically be combined into one share of common stock. The reverse stock split will reduce the number of shares of the Company's outstanding common stock from approximately 19.6 million shares to approximately 0.5 million shares, subject to adjustment for fractional shares. Also as a result of the reverse stock split, the number of the Company's authorized shares of common stock will be reduced from 500.0 million shares to approximately 13.5 million shares. The par value and other terms of the Company's common stock are not affected by the reverse stock split. The number of the authorized shares and other terms of the Company's preferred stock under the Company's articles of incorporation will not be reduced in connection with the reverse stock split.The Board determined that implementing the reverse split at this time is appropriate to regain compliance with the minimum bid price requirement for maintaining the listing of the Company's common stock on The Nasdaq Capital Market and to broaden potential investor interest.No fractional shares will be issued in connection with the reverse stock split. Any fractional shares of common stock resulting from the reverse stock split will be rounded up to the nearest whole share. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder's percentage ownership interest in the Company, except for adjustments related to fractional shares. The reverse split will also proportionately adjust the number of shares available under the Company's equity incentive plans and the exercise price and number of shares underlying outstanding stock options, warrants, and other equity awards, in each case in accordance with their terms.Equiniti Trust Company LLC is acting as the exchange agent for the reverse stock split. Stockholders holding shares in book-entry form or through a brokerage account will have their positions automatically adjusted to reflect the reverse stock split and will not be required to take any action. The new CUSIP number for the Company's common stock following the reverse stock split will be 90177C 309.About Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the timing and occurrence of the reverse stock split as well as regaining compliance with the minimum bid price requirement.These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the timing and receipt of necessary approvals for the Company to implement the reverse stock split and regain compliance with the minimum bid price requirement, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Co. Announces Reverse Stock Split to Regain Compliance with Nasdaq's Bid Price Requirement
US Market News
3月前
Vision Marine Technologies and Nautical Ventures Secure Exclusive Twin Vee Territory in Broward County and Introduce Signature Adventure V EditionMarch 30, 2026 5:00 AM
PR Newswire (US)
Brand Portfolio Expansion and Retail ExecutionFORT LAUDERDALE, Fla., March 30, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company"), a company specializing in high-voltage marine propulsion and a vertically integrated marine retail platform, today announced that its subsidiary, Nautical Ventures Group, has entered into a strategic dealership agreement with Twin Vee PowerCats Co. (NASDAQ: VEEE) ("Twin Vee"), securing exclusive distribution rights for Broward County, Florida.
Twin Vee brings established manufacturing scale to the partnership, with a product lineup spanning 12 models ranging from 22 to 40 feet and production capacity of over 700 boats annually. To date, the company has produced nearly 10,000 boats, supporting its ability to supply inventory in alignment with retail demand across high-activity markets.The agreement grants Nautical Ventures sole rights to sell and distribute Twin Vee products within a defined territory reserved for its dealership network, reinforcing a structured approach to market coverage, pricing discipline, and inventory allocation in one of the most active boating regions in the United States.Nautical Ventures is recognized as one of the most accomplished dealership networks in the United States within the adventure boat segment, with demonstrated ability to execute across high-demand performance boating categories and deliver products efficiently to market.The South Florida region, including Broward County, represents one of the highest concentrations of registered recreational vessels in the United States, supporting sustained retail demand and positioning the territory as a strategic market for boat sales, service, and customer engagement.Initial inventory deliveries are anticipated within the coming weeks, supporting near-term retail execution across Nautical Ventures' South Florida operations.Territorial exclusivity, combined with the geographic proximity of both organizations in Florida, is expected to support improved inventory turnover and capital efficiency by aligning product supply with localized demand and reducing intra-market competition within the dealership network. This structure enables more coordinated deployment of inventory, improved delivery timelines, and a consistent retail experience across high-traffic locations.In connection with this agreement, Vision Marine and Nautical Ventures are collaborating with Twin Vee on the development of two custom "Adventure Edition" models, designed specifically for distribution through Nautical Ventures' network. These exclusive models are expected to be based on Twin Vee power catamaran platforms and tailored to meet evolving customer expectations in the adventure boating segment.One of these models, the 34 foot, 340 GFX-2 V Edition, features a distinctive design profile combined with the performance, stability, and efficiency characteristics of Twin Vee's power catamaran platform, tailored to meet the evolving expectations of customers in the premium adventure boating segment.The platforms are expected to be offered in internal combustion configurations, with electric propulsion planned for specific platforms, including integration with Vision Marine's E-Motion™ system, subject to final development and production planning.These exclusive offerings are expected to be available solely through Nautical Ventures within its designated territory, reinforcing the value of its dealership network and territorial rights strategy while supporting product differentiation within a competitive segment."This agreement reflects our continued focus on structuring our retail operations around exclusive territories and high-quality product offerings," said Alexandre Mongeon, Chief Executive Officer of Vision Marine Technologies. "In markets like South Florida, territorial control supports disciplined execution, more efficient inventory deployment, and improved alignment between supply and demand. We also see continued customer interest in the adventure catamaran segment, and Twin Vee's platform aligns well with this category."Joseph Visconti, Chief Executive Officer of Twin Vee PowerCats Co., added: "Nautical Ventures has established itself as a highly capable dealership network in one of the most important boating markets in the United States. This exclusive agreement in Broward County aligns with our strategy of working with partners that can represent our brand with consistency and operational discipline."As two NASDAQ-listed companies operating within complementary segments of the marine industry, Vision Marine and Twin Vee share a focus on structured growth, operational discipline, and targeted market expansion. This agreement reflects a coordinated approach to scaling distribution through defined territories and aligned execution.This announcement forms part of Vision Marine's broader strategy to expand its multi-brand retail platform, enhance product availability in high-demand markets, and support scalable growth through a combination of proprietary technology integration and structured dealership operations.About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is a company specializing in high-voltage marine propulsion systems and a vertically integrated marine retail platform. Through its ownership of Nautical Ventures Group, the Company operates a network of dealership, service, and marina locations across Florida, offering a wide range of recreational boating products and services.About Nautical Ventures Group
Nautical Ventures is a Florida-based boat dealership and service provider with multiple locations, operating within defined territorial rights across key markets. The company offers new and pre-owned boat sales, marina services, financing, and on-water experiences, representing a portfolio of recognized marine brands.About Twin Vee PowerCats Co.
Twin Vee PowerCats Co. (NASDAQ: VEEE) is a manufacturer of power catamaran boats designed for stability, efficiency, and offshore performance, serving both recreational and commercial boating applications.Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding anticipated product offerings, delivery timelines, market expansion, inventory turnover, and strategic initiatives. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Factors that may affect such results include market conditions, customer demand, production timelines, regulatory considerations, and other risks described in the Company's filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update these forward-looking statements except as required by law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/vision-marine-technologies-and-nautical-ventures-secure-exclusive-twin-vee-territory-in-broward-county-and-introduce-signature-adventure-v-edition-302728181.htmlSOURCE Vision Marine Technologies, Inc
Original: Vision Marine Technologies and Nautical Ventures Secure Exclusive Twin Vee Territory in Broward County and Introduce Signature Adventure V Edition
US Market News
3月前
Twin Vee PowerCats Announces Closing of OfferingMarch 24, 2026 4:05 PM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / March 24, 2026 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the closing of its best-efforts offering of 6,491,900 shares of its common stock. Each share of common stock was sold at an offering price of $0.384 per share, at-the-market under Nasdaq rules. Total gross proceeds from the offering, before deducting the placement agent fee and other offering expenses, were approximately $2.5 million.The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.ThinkEquity acted as the sole placement agent for the offering.The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-293911), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the "SEC") on February 27, 2026, and declared effective on March 5, 2026. The offering was made only by means of a written prospectus. A final prospectus supplement and accompanying prospectus describing the terms of the offering has been filed with the SEC on its website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the intended use of proceeds.These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to consummate the offering and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Announces Closing of Offering
US Market News
3月前
Twin Vee PowerCats Announces Offering Priced At-The-Market Under Nasdaq RulesMarch 23, 2026 10:35 AM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / March 23, 2026 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the pricing of a best-efforts offering of 6,491,900 shares of its common stock. Each share of common stock is being sold at an offering price of $0.384 per share, priced at-the-market under Nasdaq rules. Total gross proceeds from the offering, before deducting the placement agent fee and other offering expenses, are expected to be approximately $2.5 million. The offering is expected to close on March 24, 2026, subject to satisfaction of customary closing conditions.The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.ThinkEquity is acting as the sole placement agent for the offering.The securities will be offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-293911), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the "SEC") on February 27, 2026, and declared effective on March 5, 2026. The offering will be made only by means of a written prospectus. A final prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC on its website at www.sec.gov. Copies of the accompanying prospectus and final prospectus supplement relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the timing and completion of the proposed offering and the intended use of proceeds.These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to consummate the offering and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Announces Offering Priced At-The-Market Under Nasdaq Rules
US Market News
3月前
Twin Vee PowerCats Announces Closing of OfferingMarch 17, 2026 4:05 PM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / March 17, 2026 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the closing of its best-efforts offering of 4,473,000 shares of its common stock. Each share of common stock was sold at an offering price of $0.38 per share, at-the-market under Nasdaq rules. Total gross proceeds from the offering, before deducting the placement agent fee and other offering expenses, were approximately $1.7 million.The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.ThinkEquity acted as the sole placement agent for the offering.The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-293911), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the "SEC") on February 27, 2026, and declared effective on March 5, 2026. The offering was made only by means of a written prospectus. A final prospectus supplement and accompanying prospectus describing the terms of the offering has been filed with the SEC on its website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the intended use of proceeds.These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to consummate the offering and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:
Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Announces Closing of Offering
US Market News
3月前
Twin Vee PowerCats Announces Offering Priced At-The-Market Under Nasdaq RulesMarch 16, 2026 2:45 PM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / March 16, 2026 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the pricing of a best-efforts offering of 4,473,000 shares of its common stock. Each share of common stock is being sold at an offering price of $0.38 per share, priced at-the-market under Nasdaq rules. Total gross proceeds from the offering, before deducting the placement agent fee and other offering expenses, are expected to be approximately $1.7 million. The offering is expected to close on March 17, 2026, subject to satisfaction of customary closing conditions.The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.ThinkEquity is acting as the sole placement agent for the offering.The securities will be offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-293911), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the "SEC") on February 27, 2026, and declared effective on March 5, 2026. The offering will be made only by means of a written prospectus. A final prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC on its website at www.sec.gov. Copies of the accompanying prospectus and final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the timing and completion of the proposed offering and the intended use of proceeds.These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to consummate the offering and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Announces Offering Priced At-The-Market Under Nasdaq Rules
US Market News
3月前
Twin Vee PowerCats Announces Withdrawal of Proposed Public OfferingMarch 9, 2026 8:00 PM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / March 9, 2026 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the withdrawal of the proposed public offering of shares of common stock.This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.About Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements.These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to consummate the offering and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.CONTACT:
Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Announces Withdrawal of Proposed Public Offering
US Market News
3月前
Twin Vee PowerCats Announces Proposed Public Offering of Common StockMarch 9, 2026 4:34 PM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / March 9, 2026 / 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 a best-efforts 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.The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.ThinkEquity is acting as the sole placement agent for the offeringThe securities will be offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333- 293911), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the "SEC") on February 27, 2026 and declared effective on March 5, 2026. The offering will be made only by means of a written prospectus. A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering has been or will be filed with the SEC on its website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. Before investing in this offering, interested parties should read in their entirety the preliminary prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such preliminary prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.About Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the completion of the offering, the size of the offering and the use of proceeds.These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to consummate the offering and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Announces Proposed Public Offering of Common Stock
US Market News
3月前
Twin Vee PowerCats Set to Redefine the Offshore Adventure Day Boat CategoryMarch 6, 2026 8:30 AM
ACCESS NewswireFORT PIERCE, FLORIDA / ACCESS Newswire / March 6, 2026 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the development of its new Adventure Series, a next-generation lineup of American-built power catamarans designed to enter and redefine the rapidly expanding global market for offshore adventure day boats.Twin Vee believes the Company is uniquely positioned to reshape this category by combining the lifestyle-oriented adventure boat concept with the inherent performance advantages of a power catamaran platform.The new Adventure Series lineup is expected to include multiple models beginning with 24-, 28-, and 40-foot platforms, with both center console and dual console configurations planned for the 28-foot model. The series will expand Twin Vee's current lineup, which includes the STX and GFX models, and represents the Company's strategic move into one of the fastest-growing segments of the recreational marine industry.Over the past several years, the adventure day boat category-popularized largely by European brands such as Axopar, Saxdor, and other modern lifestyle-focused platforms-has experienced rapid global growth as consumers increasingly seek boats designed not only for fishing, but also for entertaining, cruising, watersports, and family recreation.Twin Vee believes its power catamaran architecture offers a superior foundation for this emerging category. "Our goal is to take the fastest-growing segment in recreational boating and deliver a platform that performs better offshore, offers more usable space, and provides a more comfortable experience on the water," said Joseph Visconti, President and CEO of Twin Vee PowerCats Co. "These European adventure boats created a compelling concept, but most are built on monohull platforms. By combining the adventure lifestyle concept with the performance advantages of a power catamaran, we believe Twin Vee can deliver something fundamentally different."Twin Vee's catamaran hull incorporates the Company's kinetic fluid induction tunnel design, where water and air mix through the tunnel between the hulls to create a cushioning ride in rough water. This design allows the vessel to deliver exceptional offshore ride quality, improved fuel efficiency, and superior stability compared with many traditional monohull boats. In addition, the wider bow geometry and beam of a catamaran create substantially greater usable deck space, allowing designers to develop larger social areas, more flexible seating arrangements, and enhanced layouts for entertaining and family activities.Unlike traditional offshore fishing boats, the Adventure Series is being designed from the ground up as a lifestyle-oriented platform rather than a fishing boat with added amenities. The boats will feature redesigned interiors focused on day cruising, entertaining, and multi-activity use on the water. Other planned features across the Adventure Series include electric or induction grills, built-in icemakers, refrigeration, outdoor galley stations with sinks, extendable or retractable sunshades, exterior rain showers, pantry storage, chill plates, integrated Starlink connectivity, and large Garmin multifunction displays capable of serving as entertainment screens."Twin Vee has long been known for building one of the best riding boats on the water," Visconti added. "Now we are combining that proven offshore catamaran platform with a completely new lifestyle-focused design. Wider decks, greater stability, exceptional ride quality, and the ability to comfortably explore farther offshore create a platform that we believe will resonate with a broader audience of boaters."The Company believes the Adventure Series will expand Twin Vee's appeal beyond traditional offshore-fishing customers by targeting boaters seeking versatile platforms for coastal exploration, entertainment, watersports, and family recreation.Twin Vee expects to release additional design renderings, product previews, and development updates for the Adventure Series in the coming months.About Twin Vee PowerCats Co.
Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding planned boat models, configurations and features, dealer and consumer demand for offshore adventure day boats, and the Company's plans to release additional information regarding its Adventure Series lineup.These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, continued global demand for offshore adventure day boats, the Company's ability to meet such demand with its Adventure Series lineup, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:
Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Set to Redefine the Offshore Adventure Day Boat Category
US Market News
4月前
Twin Vee PowerCats Co. Reports 2025 Financial ResultsMarch 2, 2026 8:30 AM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / March 2, 2026 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today reported financial results for the year ended December 31, 2025, and provided a business update.According to the Company, fiscal 2025 marked a transition year for Twin Vee, as management executed a comprehensive operational reset. Twin Vee focused on reducing fixed costs, modernizing its manufacturing platform, and clearing legacy dealer inventory. By year-end 2025, Twin Vee had deployed the majority of required capital expenditures, absorbed fixed manufacturing costs, reduced inventory risk, and positioned its operations for improved incremental margins as volume increases. The Company believes it enters 2026 with improved visibility, a modernized manufacturing base, and stronger operational control.Year to date in 2026, the Company has onboarded a new dealer in the State of Louisiana after securing approval to conduct business in one of the richest offshore boating regions in the United States. Its sales and marketing teams are also identifying new dealer opportunities nationwide to strengthen its dealership network.The Company plans to officially relaunch Bahama Boat Works at the Palm Beach International Boat Show in March 2026, targeting high-growth offshore center-console segments. This follows Twin Vee's acquisition of Bahama Boat Works' assets in June 2025, adding a premium offshore monohull brand to its portfolio. Integration activities for the new brand continued throughout 2025, including engineering updates, tooling, standardized power packages, and production planning.Additionally, Twin Vee launched Black Line Defense, a wholly owned subsidiary dedicated to advancing crewed and autonomous mission-ready maritime solutions for defense and government customers. Leveraging Twin Vee's decades of composite manufacturing experience and current production capabilities, Black Line Defense is actively working towards pursuing opportunities with federal agencies and prime contractors to assist in maritime projects involving homeland security, naval logistics, autonomous surface vessels, and hybrid crewed-uncrewed missions.Operational and Strategic HighlightsReturn to year-over-year revenue growth in the second half of 2025, with three consecutive quarters of YoY improvement reflecting improved dealer demand and production alignment.60% year over year net sales growth in Q4 2025 driven by improved retail demand and renewed dealer restocking following a reduction in elevated field inventory levels.Field inventory reduced from approximately 140 units at peak in 2024 to 52 units at year-end 2025, materially lowering dealer risk and balance-sheet exposure.Improving production backlog signaling a shift from legacy inventory liquidation to new factory-built orders.Manufacturing Transformation and Cost Structure ResetDuring the year, Twin Vee completed a multi-year modernization of its Fort Pierce, Florida manufacturing campus, expanding total production space to approximately 100,000 square feet and readying the facility for capacity in excess of 700 units annually.The Company also commissioned a five-axis CNC router, enabling in-house plug-and-mold manufacturing. Management estimates this capability:Reduces new model development timelines by approximately 40%Lowers tooling and development costs by approximately 33%Improves quality control, repeatability, and speed to market across both Twin Vee and Bahama platformsThese investments significantly increase vertical integration, reduce external dependency, and improve long-term margin structure."2025 was about survival, discipline, and rebuilding the foundation," said Joseph Visconti, President and CEO of Twin Vee PowerCats Co. "We reduced losses materially, cleaned up dealer inventory, modernized our factory, and brought tooling and development in-house. Most importantly, we exited the year with revenue momentum, operating leverage, and two strong brands positioned in the best segments of the offshore market. The hard work is largely behind us, and we believe the platform we've built positions Twin Vee for a far more scalable and profitable future."Fiscal 2025 Financial ResultsFor the year ended December 31, 2025:Net sales were $14.8 million, a increase from $14.4 million in 2024Gross profit improved to $1.26 million, representing an 8.5% gross margin, compared to a gross loss in the prior yearOperating expenses declined approximately 27% year over year to $10.0 millionLoss from operations reduced to $8.8 million, compared to $14.6 million in 2024Net loss reduced by 39% year over year to $8.6 millionAdjusted operating loss reduced by 47% to $4.9 millionSelected Financials (GAAP) Year Ended December 31, 2025 2024 $ Change % Change Net sales $14,819,130 $14,388,517 $430,613 3.0%Cost of products sold (excluding depreciation & amortization) $13,562,025 $15,139,942 $(1,577,917) (10%)Gross income (loss) $1,257,105 $(751,425) $2,008,530 267%Operating expenses $10,038,404 $13,800,344 $(3,761,940) (27%)Loss from operations $(8,781,299) $(14,551,769) $5,770,470 40%Other income $174,026 $541,863 $(367,837) (68%)Net loss $(8,607,273) $(14,009,906) $5,402,633 39%Basic and dilutive loss per share of common stock $(4.37) $(11.01) $6.64 60%Weighted average number of shares of common stock outstanding 1,968,121 1,003,204 Reconciliation of GAAP Net Loss to Adjusted Net Loss- Year Ended December 31, 2025 2024 Net loss $(8,607,273) $(14,009,906)Depreciation & amortization 1,734,230 1,745,217 Stock based compensation 303,133 1,177,140 Loss on sale of property & equipment 133,015 172,684 Loss on lease termination 57,903 - Impairment of property & equipment 418,416 1,674,000 Gain on sale of R&D assets - (50,097)WIZZ BANGER development costs 1,020,889 - Adjusted net loss (4,939,687) $(9,290,962) About Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the continued growth of the Company's sales, customer base, dealer network, manufacturing capabilities, and the global power catamaran market, the Company's efforts in connection with the relaunch of Bahama Boat Works and the launch of Black Line DefenseThese forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, economic conditions impacting the global power catamaran market, the Company's ability to leverage its manufacturing platform position its business for continued growth, the Company's ability to develop high-quality dealer relationships and to continue to expand its customer base and dealer network, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:
Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Co. Reports 2025 Financial Results
US Market News
4月前
Twin Vee PowerCats Announces Closing of Public OfferingFebruary 23, 2026 4:05 PM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / February 23, 2026 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the closing of its public offering of 6,383,000 shares of common stock. Each share of common stock was sold at a public offering price of $0.47 per share, for gross proceeds of approximately $3 million, before deducting placement agent fees and other offering expenses.The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.ThinkEquity acted as sole placement agent for the offering.A registration statement on Form S-1 (File No. 333-292661) relating to the securities was filed with the Securities and Exchange Commission ("SEC") and became effective on January 30, 2026, and a post-effective amendment to the registration statement became effective on February 13, 2026. The offering was made only by means of a prospectus. The final prospectus was filed with the SEC and is available on the SEC's website located at http://www.sec.gov. Copies of the final prospectus may also be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats is recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the intended use of proceeds.These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Announces Closing of Public Offering
US Market News
4月前
Twin Vee PowerCats Announces Pricing of Public OfferingFebruary 19, 2026 8:40 PM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / February 19, 2026 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the pricing of a best-efforts public offering of 6,383,000 shares of common stock. Each share of common is being sold at a public offering price of $0.47 per share. Total gross proceeds from the offering, before deducting placement agent fees and other offering expenses, are expected to be approximately $3 million. The offering is expected to close on February 23, 2026, subject to satisfaction of customary closing conditions.The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.ThinkEquity is acting as the sole placement agent for the offering.A registration statement on Form S-1 (File No. 333-292661) relating to the securities was filed with the Securities and Exchange Commission ("SEC") and became effective on January 30, 2026, and a post-effective amendment to the registration statement became effective on February 13, 2026. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the timing and completion of the proposed offering and the intended use of proceeds.These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to consummate the offering and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:
Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Announces Pricing of Public Offering
US Market News
4月前
Twin Vee PowerCats Co. Registers on DoD's LYNX Platform to Accelerate Defense Opportunities for Subsidiary Black Line DefenseFebruary 10, 2026 8:30 AM
ACCESS NewswireFORT PIERCE, FL / ACCESS Newswire / February 10, 2026 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that Black Line Defense, a wholly owned subsidiary dedicated to advancing crewed and autonomous mission-ready maritime solutions for defense and government customers will be pursuing government contracts through the Department of Defense's newly launched LYNX Platform, a digital readiness and capability-assessment system designed to help companies more rapidly engage with U.S. defense procurement pathways. Rendering of a 22-foot power catamaranThe Company believes that participation in the new LYNX Platform-developed by the Department of Defense Office of Small Business Programs-will enhance visibility into DoD requirements, streamline qualification processes, and accelerate contracting momentum for Black Line Defense."This is an important strategic step," said Joseph Visconti, CEO and President of Twin Vee PowerCats Co. "LYNX is intended to modernize how innovative manufacturers interface with the Department of Defense. For Twin Vee and Black Line Defense, it provides a faster, more transparent on-ramp to mission-critical maritime programs. It reinforces our commitment to becoming a long-term industrial partner to the U.S. government."Strategic Implications for InvestorsTwin Vee launched Black Line Defense to pursue opportunities in homeland security, naval logistics, autonomous surface vessels, and hybrid crewed-uncrewed maritime missions. The Company believes that registration on LYNX positions the Company to:Accelerate readiness for DoD solicitations and procurement cyclesIdentify compliance and capability gaps earlier in the processImprove alignment with defense acquisition prioritiesSupport scalable entry into multi-year federal programsStrengthen Twin Vee's long-term defense revenue strategyAccording to Mr. Visconti, with decades of composite-boat manufacturing experience, vertically integrated production, and rapidly expanding advanced tooling capacity, Twin Vee believes its core strengths translate directly to defense and security applications.Building Momentum in Maritime Defense"Black Line Defense was formed to integrate hardened vessel platforms, autonomy software, mission systems, and U.S.-based manufacturing into deployable solutions for contested and high-risk maritime environments," explained Mr. Visconti.The Company expects LYNX participation to help formalize its engagement pipeline with federal agencies and prime contractors. Mr. Visconti emphasized that while LYNX is not a contract award or certification, the platform represents a meaningful infrastructure upgrade in how defense customers interact with emerging industrial partners, which the Company intends to leverage aggressively."We are positioning Twin Vee for where we see maritime manufacturing going-defense, autonomy, resilience, and scale," Mr. Visconti added. "The LYNX platform gives us another tool to move faster."About Black Line DefenseBlack Line Defense is a defense and government maritime company focused on autonomous and crewed vessel solutions for the U.S. Department of Defense and state and local agencies. The company leverages Twin Vee PowerCats Co.'s manufacturing infrastructure, engineering expertise, and operational experience to deliver mission-ready platforms.Learn more at blacklinedefenseusa.comAbout Twin Vee PowerCats Co.Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boats brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boats is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.Learn more at twinvee.com and bahamaboatworks.com.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding continued and growing demand for maritime solutions among defense and government customers, the Company's commitment to becoming a long-term industrial partner to the U.S. government, and the Company's continued expansion of its engagement pipeline with federal agencies and prime contractors, as well as its engineering capabilities and production capacity.These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict, that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully leverage the LYNX Platform, the Company's ability to translate its core strengths directly to defense and security applications, the Company's ability to pursue meaningful opportunities in government procurement and the Company's ability to meet anticipated demand, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.Contact:Glenn Sonoda
investor@twinvee.comSOURCE: Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Co. Registers on DoD's LYNX Platform to Accelerate Defense Opportunities for Subsidiary Black Line Defense
US Market News
4月前
Twin Vee PowerCats Co. Launches Black Line Defense, a New Wholly Owned Subsidiary Focused on Autonomous and Government Maritime SolutionsFebruary 2, 2026 8:30 AM
ACCESS NewswireFORT PIERCE, FLORIDA / ACCESS Newswire / February 2, 2026 /
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
Black Line Defense
, a wholly owned subsidiary dedicated to advancing crewed and autonomous mission-ready maritime solutions for defense and government customers. Demand for reliable, high-performance platforms continues to grow across federal, state, and municipal agencies, creating a significant opportunity for Twin Vee to apply its proven manufacturing capabilities and advanced technologies.
Rendering of a 22-foot power catamaran
Black Line Defense is built on Twin Vee's existing manufacturing infrastructure, engineering capabilities, and decades of real-world marine experience. Twin Vee already designs and builds vessels that are actively inspected and evaluated by government entities. Management expects that establishing Black Line Defense as a dedicated subsidiary enables the Company to pursue defense and government programs with the focus, compliance structure, and contracting discipline these markets require.
"We believe that Twin Vee has the right foundation to compete in the government and defense markets, and Black Line Defense builds directly on that strength," said Carol Craig, member of Twin Vee's Board of Directors and CEO and Founder of Sidus Space. "The combination of proven marine platforms, advanced technologies, and disciplined execution positions the Company to pursue meaningful opportunities with agencies that require reliable, high-performance solutions."
Rendering of a 22-foot power catamaran
Black Line Defense will identify, explore, and pursue potential autonomous maritime opportunities with the Department of Defense, the Department of Homeland Security, maritime interdiction and patrol agencies, port and coastal security operators, and other government organizations that require dependable, mission-ready boats.
"We've been steadily expanding our engineering capabilities and production capacity, and Black Line Defense is the next logical step," said Joseph Visconti, President and CEO of Twin Vee PowerCats Co. "By combining our advanced technologies with the manufacturing foundation we've built over decades, we predict that we can pursue autonomous, government, and defense opportunities with confidence and discipline."
Rendering of a 24-foot power catamaran
To support this strategy, Twin Vee is building on years of experience supplying vessels to municipalities, colleges, fire departments, and state agencies. "Over the years, I've personally designed and built boats for state and municipal organizations with demanding, real-world requirements," added Preston Yarborough, Vice President of Twin Vee PowerCats Co. "Those projects require durability, reliability, and clear accountability. Black Line Defense builds directly on that experience, allowing us to deliver mission-ready platforms that agencies can trust from day one."
"Our background provides Black Line Defense with immediate credibility and a clear understanding of the performance, documentation, and accountability standards required in government procurement," remarked Visconti. "We believe that Twin Vee's infrastructure would allow us to efficiently scale up ‘Small Unmanned Surface Vessel' (sUSV) production to meet demand."
According to Visconti, Twin Vee operates a vertically integrated manufacturing facility with in-house design, engineering, tooling, mold construction, composite fabrication, wire harness manufacturing, propulsion integration, and final assembly. The Company has also commissioned a 46-foot, five-axis CNC router, enabling the internal development of large-scale tooling, molds, and composite structures.
Black Line Defense intends to focus on adapting proven hulls into mission-specific platforms rather than developing experimental vessels. The Company believes that this approach reduces technical risk, shortens development timelines, and enables faster entry into government programs that demand reliability, scalability, and domestic manufacturing.
Rendering of a 41-foot monohull
"Black Line Defense is not a concept company," Visconti added. "It is built on real boats, real facilities, and real experience. Our goal is to compete for meaningful government programs by delivering platforms that can be fielded, supported, and scaled."
About Black Line Defense
Black Line Defense is a defense and government maritime company focused on autonomous and crewed vessel solutions for the U.S. Department of Defense and state and local agencies. The company leverages Twin Vee PowerCats' manufacturing infrastructure, engineering expertise, and operational experience to deliver mission-ready platforms.
Learn more at
blacklinedefenseusa.com
About Twin Vee PowerCats Co.
Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boats brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boats is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.
The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.
Learn more at
twinvee.com
and
bahamaboatworks.com
.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding continued and growing demand for maritime solutions among defense and government customers as well as the Company's continued expansion of its engineering capabilities and production capacity.
These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the ability of the Company to pursue meaningful opportunities in government procurement, the Company's ability to leverage its current manufacturing capabilities and advanced technologies to meet the performance, documentation, and accountability standards required in government procurement, the ability of the Company to efficiently scale up its infrastructure to meet anticipated demand, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.
Contact:
Glenn Sonoda
investor@twinvee.com
SOURCE:
Twin Vee PowerCats Co.View the original press release on ACCESS NewswireOriginal: Twin Vee PowerCats Co. Launches Black Line Defense, a New Wholly Owned Subsidiary Focused on Autonomous and Government Maritime Solutions
subslover
9月前
Twin Vee Subsidiary Wizz Banger, Inc Launches WizzBanger Value App - AI-Powered Valuations for Buyers, Sellers, Dealers, and Lenders
Wizz Value is the CARFAX Report for the Marine Industry
FORT PIERCE, FL / ACCESS Newswire / September 2, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that its subsidiary, Wizz Banger, Inc., has released its WizzBanger Value App on the Apple App Store and Google Play Store. This first-of-its-kind mobile tool uses AI-driven, photo-based analysis to deliver fast, accurate, and transparent boat valuations for buyers, sellers, dealers, lenders, and insurers.
With just a few photos, the app's patent-pending multi-stage AI process identifies make, model, condition, and options, then benchmarks against thousands of verified listings. The result is a detailed valuation report that includes:
Expected Sales Price - what the boat should sell for in today's market
Market Price Sweet Spot - optimized pricing to attract buyers quickly
Premium Price Point - a benchmark for lenders and insurers to set collateral risk
Condition Scores & Repair Estimates - AI-powered analysis of hull, systems, and interior with recommended cost of repairs
https://app.accessnewswire.com/imagelibrary/774620e2-ab95-423c-a665-11fa448951eb/1064853/wbb.png
The app has already been tested by boat brokers, concierge sales groups, and lenders, who confirm its potential to streamline transactions and reduce pricing uncertainty.
Joseph Visconti, CEO of Twin Vee PowerCats Co. and Wizz Banger Inc., said "Our patent-pending process leverages millions of images and thousands of listings to provide the most comprehensive boat valuation the industry has ever seen. Through extensive testing, we believe this tool is poised to transform the marine market."
In addition to valuation accuracy, the WizzBanger Value App is designed for flexibility. Boat owners can use it as a do-it-yourself pricing guide, while dealers gain consistent, rapid valuations across their entire inventory. Lenders and insurers benefit from unbiased condition scoring and market-backed price ranges that make risk assessments more reliable. The app also supports repair planning, helping sellers understand which upgrades or fixes will deliver the greatest return before listing a vessel. These combined features ensure the tool delivers value across every corner of the marine ecosystem.
https://app.accessnewswire.com/imagelibrary/7b6b35a9-9d05-4e59-b1bf-f7ae8352c132/1064853/wba.png
Sample Screenshots from the WizzBanger Value App
Tom Huffman, President of Wizz Banger, Inc. and the Company's Chief Information Officer, added, "Our sophisticated algorithm utilizes advanced AI models in a multi-staged process that's both innovative and a delight for users. This technology delivers unprecedented accuracy and lays the groundwork for continued innovation across the marine industry. And this is just the beginning."
One early tester summed it up: "I think it can be a game changer for us."
The WizzBanger Value App can be used standalone, with a web version and API/white-label integrations in development to support dealer networks, marketplaces, insurers, and lenders.
----------
**Get more information about the WizzBanger Value App by visiting https://wizzbangerconnect.com/ or see how it integrates with BoatsforSale.com by going to https://www.boatsforsale.com/boat-value
Download the WizzBanger Value App now on the Apple App Store and Google Play Store.
About Twin Vee PowerCats Co.
Twin Vee PowerCats Co. manufactures a range of boats designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years. Learn more at twinvee.com.
Visit Twin Vee PowerCats Co. on Facebook, Instagram, and YouTube.
About Wizz Banger, Inc.
WizzBanger, Inc. is driving innovation in the marine industry with AI-powered technology that brings clarity, transparency, and accuracy to boat buying, selling, and financing. By combining advanced visual intelligence with market data, WizzBanger is creating tools that empower consumers, dealers, and financial institutions to make sma
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