Twin Vee Q2 FY26 net loss widens 75% to $2.9 million; net sales drop 34% to $3.13 million - VEEE News | RalliesTwin Vee Q2 FY26 net loss widens 75% to $2.9 million; net sales drop 34% to $3.13 million
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VEEE• Quarterly results
- Twin Vee posted a net loss of USD 2.9 million in the quarter ended June 30, 2026, widening 75%.
- Net sales fell 34% to USD 3.13 million, due to elevated interest rates and higher gas prices impacting demand.
- Operating loss widened 80% to USD 3.02 million, as operating expenses rose 22% to USD 2.84 million.
- Gross profit swung to a loss of USD 182,668 from profit, reflecting higher labor tied to the Bahama Boat relaunch and lower fixed-cost absorption.
- Results included a USD 701,223 non-cash impairment charge after abandoning commercialization of a software platform developed in 2025.
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