For the quarter ending 2025-09-30, VEEE made $6,185,250 in revenue. -$2,755,513 in net income. Net profit margin of -44.55%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|
| Less net loss attributable to noncontrolling interests | 0 | 0 | -497,742 | -1,573,495 |
| Income tax provision | 0 | 0 | - | - |
| Net sales | 3,428,977 | 4,755,618 | 2,901,318 | 4,326,821 |
| Cost of products sold (excluding depreciation & amortization) | 3,474,206 | 4,101,565 | 3,046,975 | 4,124,481 |
| Gross (loss) profit | -45,229 | 654,053 | -145,657 | 202,340 |
| Gain on sale of r&d assets | 0 | - | - | - |
| Research and development | 0 | 0 | 89,403 | 344,784 |
| Selling, general and administrative | 650,728 | 605,273 | 764,757 | 755,959 |
| Impairment charge | - | - | - | 1,674,000 |
| Salaries and wages | 1,016,894 | 1,055,103 | 1,145,568 | 1,199,348 |
| Professional fees | 206,798 | 190,507 | 403,387 | 452,367 |
| Impairment of property & equipment | 360,151 | 0 | - | - |
| Loss on lease termination | -4,478 | -53,425 | - | - |
| Loss on sale of property & equipment | 72,592 | 0 | - | - |
| Depreciation and amortization | 419,825 | 425,551 | 440,458 | 434,958 |
| Total operating expenses | 2,731,466 | 2,329,859 | 2,843,573 | 4,861,416 |
| Loss from operations | -2,776,695 | -1,675,806 | -2,989,230 | -4,659,076 |
| Gain on sale of r&d assets | - | - | 50,097 | - |
| Loss on disposal of property & equipment | - | - | -172,684 | - |
| Dividend income | 0 | 0 | 50,898 | 182,941 |
| Unrealized gain on marketable securities | 0 | 0 | 8,148 | 12,604 |
| Realized gain on marketable securities | 0 | 0 | - | - |
| Other income | 893 | 1,609 | 480 | -6,029 |
| Interest expense | 12,581 | 19,556 | 57,034 | 54,938 |
| Interest income | 32,870 | 39,682 | 99,418 | 5,302 |
| Total other income | 21,182 | 21,735 | -20,677 | 139,880 |
| Loss before income tax | -2,755,513 | -1,654,071 | -3,009,907 | -4,519,196 |
| Net loss | -2,755,513 | -1,654,071 | -3,009,907 | -4,519,196 |
| Net income (loss) | - | - | -2,512,165 | -2,945,701 |
| Net loss attributed to stockholders of twin vee powercats co, inc | -2,755,513 | -1,654,071 | - | - |
| Basic loss per share of common stock | -1.23 | -0.87 | -0.26 | -0.31 |
| Dilutive loss per share of common stock | -1.23 | -0.87 | -0.26 | -0.31 |
| Weighted average number of shares of common stock outstanding basic | 2,237,299 | 1,899,533 | 9,520,000 | 9,520,000 |
| Weighted average number of shares of common stock outstanding dilutive | 2,237,299 | 1,899,533 | 9,520,000 | 9,520,000 |
Twin Vee PowerCats, Co. (VEEE)
Twin Vee PowerCats, Co. (VEEE)