---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-22-001899"
form_type: "8-K"
ticker: "VEEE"
cik: "0001855509"
company_name: "Twin Vee PowerCats, Co."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T02:02:51.895375+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Twin Vee Q3 revenue up 114% to $8.8M; gas division posts adjusted net profit $577K

## Summary
- Q3 net sales $8.812M, up 114% YoY from $4.118M; gross profit $3.334M vs $1.610M.
- Gas-powered division adjusted net income (non-GAAP) $577K, second consecutive profitable quarter since IPO.
- Electric division (Forza X1) net loss $1,043K; consolidated due to 67% controlling stake.
- Cash and marketable securities $22.886M as of Sept 30, 2022; Forza IPO net proceeds ~$15.231M.
- Investing ~$3M in tooling, new molds, facility upgrades over past 12 months.

## SEC filing metadata
- accession: 0001731122-22-001899
- form_type: 8-K
- ticker: VEEE
- cik: 0001855509
- company_name: Twin Vee PowerCats, Co.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855509/000173112222001899/0001731122-22-001899-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855509/000173112222001899/e4217_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-22-001899
- JSON: https://secwatch.observer/filing/0001731122-22-001899.json
- Plain text: https://secwatch.observer/filing/0001731122-22-001899.txt

## Key facts
- Earnings Releases
  Twin Vee PowerCats, Co. reported the three months ended September 30, 2022 results: revenue approximately $8,812,000.
  - Period: the three months ended September 30, 2022
  - Revenue: approximately $8,812,000
  - Result: reported results
  source text: financials on a consolidated basis. Financial Highlights for the Quarter Ended September 30, 2022 : ● Net sales for the three months ended September 30, 2022 was approximately $8,812,000, representing a 114% increase compared to approximately $4,118,000 for the three months ended September 30, 2021. ● Gross profit for the three months ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855509/000173112222001899/0001731122-22-001899-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.