Twin Vee PowerCats Reports $14.8M Sales, Cuts Loss 39% and Expands Plant
Twin Vee PowerCats posted 2025 net sales of $14.8m, up 3%, reduced net loss by 39% to $8.6m and achieved a $1.26m gross profit through cost cuts. It expanded its Fort Pierce plant to 100,000 sq ft, lowered dealer inventory from 140 to 52 units and launched Black Line Defense.
1. Operational Reset and Financial Turnaround
Twin Vee completed an operational reset in 2025, reducing fixed costs and clearing legacy dealer inventory from 140 units at peak to 52 units by year-end. Net sales rose to $14.8 million (3% increase), gross profit reached $1.26 million (8.5% margin), and net loss narrowed 39% to $8.6 million.
2. Manufacturing Modernization
The company finished modernizing its Fort Pierce manufacturing campus, expanding facility space to 100,000 sq ft and commissioning a five-axis CNC router. These upgrades support annual capacity above 700 units, cut development timelines by 40%, tooling costs by 33%, and boost vertical integration across Twin Vee and Bahama platforms.
3. Business Developments and Future Outlook
In early 2026, Twin Vee added a dealer in Louisiana’s offshore boating market, plans to relaunch the Bahama Boat Works brand at the Palm Beach Boat Show, and unveiled Black Line Defense, a subsidiary targeting defense and government maritime solutions including autonomous surface vessels and hybrid missions.