---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-002030"
form_type: "8-K"
ticker: "VEEE"
cik: "0001855509"
company_name: "Twin Vee PowerCats, Co."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:29:50.441716+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "medium"
source: SEC EDGAR
---

# Forza X1 (FRZA) reports Q3 2023 cash of $15.3M; progressing electric boat orders

## Summary
- Cash, cash equivalents, and marketable securities of approximately $15.3M as of Sept 30, 2023.
- Working capital of approximately $16.0M as of Sept 30, 2023.
- OneWater Marine purchase order for 100 electric monohull units, ~$12M expected revenue.
- Full construction underway at NC facility; 60,000 sq ft pad prepping for concrete, 500 boats annual capacity.
- Successfully tested first 22-ft fully electrified dual console model; expects revenue from boat/motor sales in early 2024.

## SEC filing metadata
- accession: 0001731122-23-002030
- form_type: 8-K
- ticker: VEEE
- cik: 0001855509
- company_name: Twin Vee PowerCats, Co.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855509/000173112223002030/0001731122-23-002030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855509/000173112223002030/e5184_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-002030
- JSON: https://secwatch.observer/filing/0001731122-23-002030.json
- Plain text: https://secwatch.observer/filing/0001731122-23-002030.txt

## Key facts
- Earnings Releases
  Twin Vee PowerCats, Co. reported financial results for the quarter ended September 30, 2023.
  - Period: the quarter ended September 30, 2023
  - Result: reported results
  source text: On November 6, 2023, Twin Vee PowerCats Co.’s subsidiary, Forza X1, Inc., issued a press release announcing its financial results for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855509/000173112223002030/0001731122-23-002030-index.htm

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