Filing Flows › Twin Vee PowerCats (VEEE) › Q1 2025
Twin Vee PowerCats (VEEE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Twin Vee PowerCats (VEEE) reported revenue of $3.6M for the first quarter 2025 (Q1 2025), -32% from a year earlier and +92% from the quarter before. Operating margin was -46.5%, net loss $1.6M (44.6% of revenue).
Twin Vee PowerCats, Q1 2025: revenue $3.6M (-32% year over year), operating margin -46.5%, net loss $1.6M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6M | +92% | -32% |
| Operating profit | −$1.7M | — | — |
| Net earnings | −$1.6M | — | — |
| Operating cash flow | −$1.7M | — | — |
What changed
Revenue was $3.6M in Q1 2025, down 32% year over year and up 92% from the previous quarter.
Gross margin was 14.9%, up 9.6 points from a year earlier. Operating costs exceeded revenue by $1.7M, an operating margin of -46.5%. Operating expenses fell 21% while revenue fell 32%. The quarter ended with a net loss of $1.6M, narrower than the previous quarter's $4.1M loss.
Operating cash flow was −$1.7M. Non-cash charges added back $442K of depreciation and amortization and $56K of share-based compensation. Working capital and other items used $624K. Capital expenditures of $829K exceeded it, leaving free cash flow of −$2.6M.
Questions
What was Twin Vee PowerCats' revenue in the first quarter 2025?
Twin Vee PowerCats (VEEE) reported revenue of $3.6M for the first quarter 2025 (Q1 2025), -32% from a year earlier and +92% from the quarter before.
Was Twin Vee PowerCats profitable in the first quarter 2025?
Operating loss was $1.7M (-46.5% of revenue) and net loss $1.6M.
Source: Twin Vee PowerCats 10-Q on SEC EDGAR.