Twin Vee PowerCats reports Q3 net sales up 18% and narrows net loss 8%

Reuters
2025/11/06
<a href="https://laohu8.com/S/TVPC">Twin Vee</a> PowerCats reports Q3 net sales up 18% and narrows net loss 8%

Twin Vee PowerCats Co. reported third quarter 2025 net sales of $3.4 million, up 18% from $2.9 million in the third quarter of 2024. The company narrowed its gross loss to $45 thousand from $146 thousand year over year. Operating expenses decreased 8% to $2.7 million, and net loss improved 8% to $2.8 million, or $(1.23) per share, compared to $(2.64) per share in the same period last year. For the first nine months of 2025, net sales were $11.8 million and gross profit rose to $1.2 million from $0.3 million in 2024. The company reduced its operating loss by 41% and its net loss by approximately 39% to $6.0 million. Cash, cash equivalents, and restricted cash totaled $2.9 million at quarter-end. Twin Vee completed the sale of its Marion, North Carolina property, receiving $500,000 in immediate proceeds and $3.75 million in future payments through 2027. The company is preparing new product launches for 2026 and expects to enter the year with a leaner cost structure and expanded product portfolio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Twin Vee PowerCats Co. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1092870) on November 06, 2025, and is solely responsible for the information contained therein.

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