{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-23-001467","form_type":"8-K","ticker":"VEEE","cik":"0001855509","company_name":"Twin Vee PowerCats, Co.","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.812650+00:00","generated_at":"2026-06-11T12:44:51.845482+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Twin Vee reports 18% revenue growth in H1 2023 but net loss of $2.5M due to Forza X1 losses","bullets":["Revenue for six months ended June 30, 2023 rose 18% YoY to $17.0M from $14.4M.","Gross profit slipped to $5.5M from $5.9M; core gas-powered boat net loss improved to $234K from $554K.","Consolidated net loss attributable to stockholders was $2.5M, driven by Forza X1's $3.5M loss.","Cash and marketable securities (consolidated) increased to $28.3M vs $9.9M a year ago.","AquaSport acquisition added 10+ new dealers but pressured gross margins."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-23-001467","json":"https://secwatch.observer/filing/0001731122-23-001467.json","markdown":"https://secwatch.observer/filing/0001731122-23-001467.md","text":"https://secwatch.observer/filing/0001731122-23-001467.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223001467/0001731122-23-001467-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223001467/e4940_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T12:44:51.845482+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b3333bc20d1b86a8b3ebc98eb41f12599cfcb8a6","claim":"Twin Vee PowerCats, Co. reported the six months ended June 30, 2023 results: revenue $17,002,000.","evidence_excerpt":"and financial results for the three and six months ended June 30, 2023. We are pleased to report an 18% increase in net revenue for the six months ended June 30, 2023, to $17,000,000 compared to $14,400,000 in the same period in 2022. We had a net loss of $234,000 for our gas powered boats segment for the six months ended June 30, 2023 compared to net loss of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223001467/0001731122-23-001467-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Revenue","value":"$17,002,000"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}