Power sport boats maker Twin Vee's Q3 sales rise 18%

Reuters
2025/11/06
Power sport boats maker <a href="https://laohu8.com/S/TVPC">Twin Vee</a>'s Q3 sales rise 18%

Overview

  • Twin Vee Q3 net sales up 18% yr/yr to $3.43 mln

  • Net loss for Q3 improved 8% to $2.76 mln

  • Company strengthens liquidity with $500,000 property sale proceeds

Outlook

  • Company expects to enter 2026 with a leaner cost structure

  • Twin Vee anticipates stronger cash flow generation potential in 2026

  • Company is preparing 2026 model launches to expand offshore segment

Result Drivers

  • COST CONTROL - Improved cost control and efficiency led to a narrowed gross loss

  • PROPERTY SALE - Sale of Marion facility provided immediate liquidity and future payments

  • DEALER EXPANSION - Expanded dealer coverage in higher-velocity markets to boost sales

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

$11.80 mln

9M Net Income

-$6.02 mln

9M Gross Profit

$1.15 mln

Press Release: ID:nACSby9pNa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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