Twin Vee PowerCats
Builds outboard-powered power catamarans and monohulls for independent dealers.
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Profile
Sells outboard-powered power catamarans, motors and trailers primarily to independent dealers, with Bahama Boat Works adding monohull and offshore-fishing boats and Wizz Banger developing used-boat marketplace and valuation tools. Boat sales remain the economically material business, with production concentrated at one Fort Pierce site.
Builds outboard-powered, symmetrical twin-hull power catamarans under Twin Vee PowerCats, hand-built at its Fort Pierce base and sold with motors and trailers through independent dealers. Its boats serve recreational and commercial users through a dealer network across North America, Hawaii and Australia.
Owns Bahama Boat Works, a relaunched premium monohull and offshore-fishing brand, and operates Wizz Banger, a development-stage used-boat marketplace and valuation business. Boat sales are the economically material line; Wizz Banger produces limited revenue.
Depends on an independent dealer channel, third-party components and a single Fort Pierce manufacturing site. Under a pending USFM merger, the marine assets would move to a private trust and the public company would shift to Greenland mineral interests, subject to approvals and other closing conditions.
Company facts
Categories
Key statistics
Year to date −84.4% · Average volume (30d) 335.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | — | −$5.07 | — | $3.1M | $3.1M | 0.0% | −6.13% |
| May 7, 2026Q1 FY26 | — | −$12.93 | — | — | $4.0M | — | −7.47% |
| Feb 27, 2026Q4 FY25 | — | −$43.33 | — | — | $3.0M | — | −28.05% |
| Nov 6, 2025Q3 FY25 | — | −$1.23 | — | $3.4M | $2.9M | −15.4% | −0.97% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.6M | $4.8M | $3.4M | $3.0M | $4.0M | $3.1M | |
| Gross profit | $537.1K | $654.1K | −$45.2K | $111.2K | $196.3K | −$182.7K | |
| Operating income | −$1.7M | −$1.7M | −$2.8M | −$2.6M | −$2.1M | −$3.0M | |
| Net income | −$1.6M | −$1.7M | −$2.8M | −$2.6M | −$2.1M | −$2.9M | |
| Diluted EPS | −$40.06 | −$32.22 | −$45.57 | −$42.79 | −$12.92 | −$5.07 | |
| Gross margin | 14.9% | 13.8% | -1.3% | 3.7% | 5.0% | -5.8% | |
| Operating margin | -46.5% | -35.2% | -81.0% | -85.8% | -53.9% | -96.6% |
Fiscal years (4-quarter sums)FY21 $15.8M · FY22 $32.0M · FY23 $33.5M · FY24 $14.4M · FY25 $14.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $3.7M · Total debt $3.1M · Total assets $20.7M · Shareholders' equity $14.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 53.2K · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| HRT Financial LP · 10 percent owner | 5.5K | 10.38% | Form 4 | Jul 29, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 27, 2026 | HRT Financial LP | 10 percent owner | −49,505 | $18.12 |
| Mar 19, 2026 | Kevin Schuyler | director | +25,000 | $0.4066 |
| Mar 16, 2026 | Larry G. Jr Swets | director | +50,000 | $0.3800 |
| Mar 18, 2026 | Larry G. Jr Swets | director | +50,000 | $0.3600 |
| Mar 13, 2026 | Larry G. Jr Swets | director | +50,000 | $0.4200 |
Peers
- Brunswick
Boston Whaler and Sea Ray challenge offshore and family boat demand.
- Malibu Boats
Pursuit, Cobia and Pathfinder overlap in saltwater fishing boats.
- MasterCraft Boat
Robalo center- and dual-console boats overlap in saltwater fishing.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Twin Vee PowerCats | $9.84 | −3.72% | $551.1K | — | — | 0.0 | −27.7% |
| Brunswick | $76.64 | −0.01% | $4.98B | — | 15.6 | 0.9 | +7.7% |
| Malibu Boats | $27.36 | −0.04% | $537.3M | 371.2 | 11.4 | 0.6 | +42.7% |
| MasterCraft Boat | $23.89 | +0.21% | $578.7M | 36.0 | 13.1 | 1.9 | +3.0% |
| Median | 203.6 | 13.1 | 0.9 | +7.7% |