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Why Did Twin Vee PowerCats Plunge 37.58% Despite 91.7% Revenue Surge?
Generated by AI AgentAinvest Movers Radar
Friday, May 9, 2025 6:12 am ET1min read
On May 9, 2025,
experienced a significant drop of 37.58% in pre-market trading, marking a notable decline in its stock performance.Twin Vee PowerCats Co. reported a remarkable 91.7% increase in revenue for the first quarter of 2025, driven by strategic product developments and an expanding dealer network. The company's gross margin improved by 961 basis points, and its adjusted net loss decreased by 17% compared to previous guidance. This strong financial performance reflects the company's successful execution and growing market confidence in the
Vee brand.Looking ahead,
expects continued sequential growth in revenue as market conditions improve and consumer demand rebounds. The company is committed to scaling responsibly, balancing production increases with expense control and working capital discipline. With most of its heavy capital investments behind it, Twin Vee anticipates a more favorable cash profile going forward.
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