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Twin Vee PowerCats (VEEE)
NASDAQ:VEEE
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.18Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -8.57%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Neutral
The call highlighted a challenging 2024 with significant revenue decline and market pressures, but also optimistic signs for 2025 with expected sales growth, new dealer interest, and cost-cutting measures. While the company faced a tough year, the proactive steps taken to improve operations and financials suggest a cautiously positive outlook.Company Guidance
During the Twin Vee Powercats Company Year-End 2024 Investor Call, CFO Mike Dickerson provided guidance highlighting a strong start to 2025, with an anticipated 50% sequential increase in first-quarter sales compared to the fourth quarter of 2024. Despite a challenging 2024, where net sales fell by 57% to $14.4 million, the company is optimistic about improved market conditions and increased demand. The average sale price of boats rose by 19%, reaching approximately $167,000 due to a shift towards larger, higher-priced boats. Operating expenses were down by 10% compared to 2023, with significant reductions in salaries, wages, and research and development costs. The company ended 2024 with $7.7 million in cash and cash equivalents, down from $11.4 million in the third quarter. Twin Vee plans to significantly reduce capital expenditures in 2025, focusing on driving operational efficiencies and strengthening its product offerings.Expected Increase in First Quarter Sales for 2025
2025 is starting off strong with an expected 50% increase in first quarter sales sequentially compared to the fourth quarter of 2024.
Growing Backlog and New Dealer Interest
There is a growing backlog and renewed interest in both the Twin Vee line and AquaSport monohull line, with new dealers seeking to join.
Average Sale Price Increase
Average sale price increased by 19% to approximately $167,000 in 2024, compared to $140,000 in 2023.
Cost Reduction Efforts
Operating expenses were reduced by $1,454,000 or 10%, with significant reductions in salaries and wages (down 34%) and research and development expenses (down 59%).
Improved Cash Usage
Operational cash burn in the fourth quarter of 2024 showed a slight improvement compared to the third quarter, despite a revenue decline.
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VEEE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VEEE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | $0.35 | $0.35 | 0.00% |
| Nov 14, 2024 | $0.49 | $0.49 | 0.00% |
| Aug 14, 2024 | $0.48 | $0.41 | -14.58% |
| May 15, 2024 | $0.72 | $0.65 | -9.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Twin Vee PowerCats (VEEE) report earnings?
Twin Vee PowerCats (VEEE) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is Twin Vee PowerCats (VEEE) earnings time?
Twin Vee PowerCats (VEEE) earnings time is at May 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VEEE EPS forecast?
Currently, no data Available
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