VEEE on Nasdaq

Twin Vee PowerCats, Co.

Ship and boat building and repairing company, listed on Nasdaq (VEEE). Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerVEEE on Nasdaq1
  • IndustryShip & Boat Building & Repairing1
  • HeadquartersFt. Pierce, Florida1
  • Business address3101 S. Federal Highway, Ft. Pierce, Fl 349822
  • Filer category, Emerging growth company2

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Catamaran stability. Catamarans have parallel hulls on the outer edges of the boat rather than in the middle, providing superior stability. A Twin Vee hull is designed to travel with the wave shapes because its buoyancy is to the outside, reducing the snap roll pendulum motion of deep vee monohulls. A Twin Vee’s wider footprint mitigates the effects of rolling seas, making them less likely to capsize and reducing seasickness.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.5%Gross margin4
-59.3%Operating margin5
-58.1%Net margin4
3.0%Revenue growth, 20254
-63.9%Return on equity4
0.04×Debt to equity4
-$9.0MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue84¢$13.6M
  • Selling, general and admin16¢$2.5M

Out of $14.8M in revenue.4 The company lost money this year.

Financial statements

Revenue67894$14.8M in 2025+34% since 2020
0$10.0M$20.0M$30.0M$40.0M2020: $11.1M$11.1M20202021: $15.8M$15.8M2021+43%2022: $32.0M$32.0M2022+103%2023: $33.4M$33.4M2023+4%2024: $14.4M$14.4M2024−57%2025: $14.8M$14.8M2025+3%
Gross profit67894$1.3M in 2025−74% since 2020
-$5.0M0$5.0M$10.0M$15.0M2020: $4.8M$4.8M20202021: $6.3M$6.3M2021+31%2022: $10.7M$10.7M2022+70%2023: $3.3M$3.3M2023−69%2024: -$751.4K-$751.4K20242025: $1.3M$1.3M2025
Operating income678945-$8.8M in 2025
-$15.0M-$10.0M-$5.0M0$5.0M2020: $720.8K$720.8K20202021: -$1.6M-$1.6M20212022: -$6.0M-$6.0M2022+269%2023: -$12.0M-$12.0M2023+99%2024: -$14.6M-$14.6M2024+21%2025: -$8.8M-$8.8M2025−40%
Net income67894-$8.6M in 2025
-$15.0M-$10.0M-$5.0M0$5.0M2020: $1.2M$1.2M20202021: -$1.0M-$1.0M20212022: -$5.1M-$5.1M2022+408%2023: -$7.2M-$7.2M2023+40%2024: -$11.0M-$11.0M2024+54%2025: -$8.6M-$8.6M2025−22%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Net sales$14.8M$14.4M
Cost of products sold (excluding depreciation & amortization)$13.6M$15.1M
Gross profit (loss)$1.3M-$751.4K
Selling, general and administrative$2.5M$3.1M
Salaries and wages$4.3M$4.9M
Professional fees$867.1K$1.7M
Impairment of property & equipment$418.4K$1.7M
Loss on lease termination$57.9K
Loss on sale of property & equipment$133.0K$172.7K
Gain on sale of R&D assets-$50.1K
Depreciation and amortization$1.7M$1.7M
Research and development$586.4K
Total operating expenses$10.0M$13.8M
Loss from operations-$8.8M-$14.6M
Dividend income$510.1K
Other income$56.6K$63.4K
Interest expense-$81.2K-$222.6K
Interest income$198.6K$150.6K
Realized gain on marketable securities$40.4K
Total other income$174.0K$541.9K
Loss before income tax-$8.6M-$14.0M
Net loss-$8.6M-$14.0M
Less: Net loss attributable to noncontrolling interests-$3.0M
Net loss attributed to stockholders of Twin Vee PowerCats Co, Inc.-$8.6M-$11.0M
Basic loss per share of common stock-$4.37-$11.01
Dilutive loss per share of common stock-$4.37-$11.01
Weighted average number of shares of common stock outstanding basic2.0M shares1.0M shares
Weighted average number of shares of common stock outstanding dilutive2.0M shares1.0M shares

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Leadership

Who has led Twin Vee PowerCats, Co., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph C. Visconti2021–now

President

  1. Joseph C. Visconti2021–2024
  2. Karl J. Zimmer2024

Chief financial officer

  1. Donna Barnett2021
  2. Carrie L. Majeski2021–2023
  3. Michael Patrick Dickerson2024–2026
  4. Joseph C. Visconti2026–now
2025
Board members and other officers (11)

Timeline

  1. Jul 20, 2021New chief executive Joseph C. Visconti becomes CEO11

Filings

247 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 81 major events, 53 insider forms, 18 large holders, 75 other. The latest 20:

  1. Oct 8, 2026425 EDGAR
  2. Oct 8, 20268-K EDGAR
  3. Sep 9, 20268-K EDGAR
  4. Aug 24, 20268-K EDGAR
  5. Aug 17, 2026DEF 14A EDGAR
  6. Aug 10, 2026425 EDGAR
  7. Aug 6, 202610-Q EDGAR
  8. Aug 5, 20268-K EDGAR
  9. Aug 5, 2026PRE 14A EDGAR
  10. Jul 29, 20264 PRIMARY DOCUMENT EDGAR
  11. Jul 28, 20263 PRIMARY DOCUMENT EDGAR
  12. Jul 15, 2026425 EDGAR
  13. Jul 14, 20264 EDGAR
  14. Jul 13, 20268-K EDGAR
  15. May 20, 20268-K EDGAR
  16. May 7, 202610-Q EDGAR
  17. Apr 30, 20268-K EDGAR
  18. Apr 23, 20268-K EDGAR
  19. Apr 13, 20268-K EDGAR
  20. Apr 3, 20268-K EDGAR

The 247 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

13 open-market trades by officers, directors and large owners since October 2021: 12 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 27, 2026HRT FINANCIAL LP10% ownerSale49,505$18.12$897.0KForm 4
Mar 19, 2026Schuyler KevinDirectorBuy25,000$0.41$10.2KForm 4
Mar 18, 2026SWETS LARRY G JRDirectorBuy50,000$0.36$18.0KForm 4
Mar 16, 2026SWETS LARRY G JRDirectorBuy50,000$0.38$19.0KForm 4
Mar 13, 2026SWETS LARRY G JRDirectorBuy50,000$0.42$21.0KForm 4
Feb 23, 2026SWETS LARRY G JRDirectorBuy100,000$0.47$47.0KForm 4
Feb 23, 2026VISCONTI JOSEPH CCEO & Interim CFOBuy20,000$0.47$9.4KForm 4
Sep 12, 2024Zimmer Karl JPresidentBuy35,138$0.45$15.8KForm 4
Sep 12, 2024Dickerson Michael PatrickInterim CFOBuy50,000$0.49$24.5KForm 4
Sep 11, 2024VISCONTI JOSEPH CCEO & Interim CFOBuy40,785$0.40$16.3KForm 4
Sep 11, 2024Zimmer Karl JPresidentBuy50,000$0.43$21.5KForm 4
Dec 22, 2022Schuyler KevinDirectorBuy600$1.77$1.1KForm 4
Dec 21, 2022Schuyler KevinDirectorBuy763$1.79$1.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Keebeck Wealth Management10,811$56.1K0.0%New
Tower Research Capital LLC (TRC)1,010$5.2K0.0%New
Morgan Stanley782$4.1K0.0%New
Vanguard Capital Management LLC315$1.6K0.0%New
Crewe Advisors LLC1$60.0%New
SBI Securities Co., Ltd.1$50.0%New
Blue Trust, Inc.1$50.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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