Twin Vee PowerCats (VEEE) Company Report

Twin Vee PowerCats (VEEE) announced a strategic OEM alliance with Mercury Marine for its Bahama Boats brand.
Twin Vee acquired 100% of Bahama Boat Works seven months ago and plans to relaunch the brand with a complete model lineup from 21 to 41 feet and potentially larger.
The partnership leverages Mercury Marine's brand dominance, which is crucial as motor packages constitute 20%-35% of a boat's total cost.
Twin Vee's 100,000-square-foot facility is capable of producing up to 700 units annually, supporting the multi-brand growth of Twin Vee and Bahama Boats under one roof.
The official relaunch of Bahama Boats with Mercury Marine is scheduled for the Palm Beach Boat Show on March 25th.

Jan 21, 2026, 3:00 PM

Twin Vee PowerCats Announces Strategic Partnership with Mercury Marine for Bahama Boats Relaunch

VEEE

Product Launch

New Projects/Investments

M&A

Twin Vee PowerCats (VEEE) has announced a strategic OEM alliance between its Bahama Boats brand and Mercury Marine, a leading manufacturer of recreational marine propulsion.
This partnership aims to relaunch the Bahama brand with a complete model lineup ranging from 21 ft to 41 ft, leveraging Mercury's dominant engine brand and Twin Vee's manufacturing capabilities.
Twin Vee acquired 100% of Bahama Boat Works seven months prior to this announcement, and now operates two brands under one roof, utilizing a 100,000 sq ft facility capable of producing up to 700 units annually.
The official relaunch of Bahama Boats with Mercury Marine is scheduled for the Palm Beach Boat Show on March 25th.

Jan 21, 2026, 3:00 PM

Twin Vee PowerCats reports Q3 2025 results, highlights property sale and operational improvements

VEEE

Earnings

Demand Weakening

New Projects/Investments

For Q3 2025, Twin Vee PowerCats reported net sales of $3.43 million, an 18% increase year-over-year, with a net loss of $2.76 million. For the first nine months of 2025, sales reached $11.8 million with a gross margin of 9.6%.
After the quarter end, the company completed the sale of its North Carolina property for $4.25 million, which included $500,000 in cash at closing and a $3.75 million secured promissory note, strengthening its balance sheet and reducing overhead.
Operational enhancements include the completion of a four-tier headquarter expansion and the installation of a five-axis CNC router, which improves production capabilities and reduces reliance on external vendors.
Twin Vee is navigating a challenging market due to high interest rates, inflation, and cautious consumer spending by focusing on cost control, inventory management, and expanding its dealer network, adding 10 new locations in Q2 and Q3 2025.