Twin Vee PowerCats reports Q3 net sales up 18% and narrows net loss 8%
Reuters
Nov 06, 2025
Twin Vee 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.
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