{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-23-002083","form_type":"8-K","ticker":"VEEE","cik":"0001855509","company_name":"Twin Vee PowerCats, Co.","filed_at":"2023-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.094444+00:00","generated_at":"2026-06-08T05:32:39.215068+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Twin Vee Q3 nine-month revenue up 8% to $24.98M but net loss more than doubles to $4.36M","bullets":["Consolidated net loss attributed to stockholders widened to $4.36M vs $2.43M in prior-year period.","Gas-powered boat segment (Twin Vee + Aquasport) had combined net loss of $1.63M.","Forza X1 subsidiary net loss rose to $4.54M from $2.21M.","Company closed White Bluff, TN facility in November 2023, consolidating brands in Fort Pierce.","Cash and securities for core gas boat business were $8.54M as of Sept 30, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-23-002083","json":"https://secwatch.observer/filing/0001731122-23-002083.json","markdown":"https://secwatch.observer/filing/0001731122-23-002083.md","text":"https://secwatch.observer/filing/0001731122-23-002083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223002083/0001731122-23-002083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223002083/e5210_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T05:32:39.215068+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":"1de11ec1fac67548bfc9ac34c1fec69d7b23b379","claim":"Twin Vee PowerCats, Co. reported nine months ended September 30, 2023 results: net income Forza X1 had a net loss of $ 4,535,100.","evidence_excerpt":"The Company is pleased to report an 8% increase in consolidated net revenue for the nine months ended September 30, 2023, to $24,980,902 as compared to $23,217,634 in the same period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223002083/0001731122-23-002083-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2023"},{"label":"Net income","value":"Forza X1 had a net loss of $ 4,535,100"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"1de11ec1fac67548bfc9ac34c1fec69d7b23b379","claim":"Twin Vee PowerCats, Co. reported nine months ended September 30, 2023 results: net income Forza X1 had a net loss of $ 4,535,100.","evidence_excerpt":"For the nine months ended September 30, 2023, Twin Vee alone had a net operating loss of $512,466, as compared to a net loss of $341,344 in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223002083/0001731122-23-002083-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2023"},{"label":"Net income","value":"Forza X1 had a net loss of $ 4,535,100"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"1de11ec1fac67548bfc9ac34c1fec69d7b23b379","claim":"Twin Vee PowerCats, Co. reported nine months ended September 30, 2023 results: net income Forza X1 had a net loss of $ 4,535,100.","evidence_excerpt":"The consolidated net loss attributed to stockholders of Twin Vee was $4,363,150 for the nine months ended September 30, 2023 as compared to a consolidated net loss attributed to stockholders of Twin Vee of $2,430,128 in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223002083/0001731122-23-002083-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2023"},{"label":"Net income","value":"Forza X1 had a net loss of $ 4,535,100"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"1de11ec1fac67548bfc9ac34c1fec69d7b23b379","claim":"Twin Vee PowerCats, Co. reported nine months ended September 30, 2023 results: net income Forza X1 had a net loss of $ 4,535,100.","evidence_excerpt":"Twin Vee’s new Aquasport monohull division contributed a cumulative net loss of $1,113,896, such that the gas-powered segment had a combined net loss of $1,626,362 for the nine months ended September 30, 2023, as compared to a net loss of $341,344 in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223002083/0001731122-23-002083-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2023"},{"label":"Net income","value":"Forza X1 had a net loss of $ 4,535,100"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"1de11ec1fac67548bfc9ac34c1fec69d7b23b379","claim":"Twin Vee PowerCats, Co. reported nine months ended September 30, 2023 results: net income Forza X1 had a net loss of $ 4,535,100.","evidence_excerpt":"Forza X1, Inc. (NASDAQ: FRZA), the electric boat and development subsidiary in which Twin Vee has a 44.35% controlling interest, had a net loss of $4,535,100 for the nine months ended September 30, 2023 as compared to a net loss of $2,209,238 in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223002083/0001731122-23-002083-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2023"},{"label":"Net income","value":"Forza X1 had a net loss of $ 4,535,100"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"1de11ec1fac67548bfc9ac34c1fec69d7b23b379","claim":"Twin Vee PowerCats, Co. reported nine months ended September 30, 2023 results: net income Forza X1 had a net loss of $ 4,535,100.","evidence_excerpt":"Twin Vee had a net loss of $512,466 for the nine months ended September 30, 2023 as compared to a net loss of $341,344 for the nine months ended September 30, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223002083/0001731122-23-002083-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2023"},{"label":"Net income","value":"Forza X1 had a net loss of $ 4,535,100"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"1de11ec1fac67548bfc9ac34c1fec69d7b23b379","claim":"Twin Vee PowerCats, Co. reported nine months ended September 30, 2023 results: net income Forza X1 had a net loss of $ 4,535,100.","evidence_excerpt":"Aquasport had a net loss of $1,113,897 for the nine months ended September 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223002083/0001731122-23-002083-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2023"},{"label":"Net income","value":"Forza X1 had a net loss of $ 4,535,100"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"1de11ec1fac67548bfc9ac34c1fec69d7b23b379","claim":"Twin Vee PowerCats, Co. reported nine months ended September 30, 2023 results: net income Forza X1 had a net loss of $ 4,535,100.","evidence_excerpt":"Forza X1 had a net loss of $ 4,535,100 for the nine months ended September 30, 2023 as compared to a net loss of $2,209,238 for the nine months ended September 30, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223002083/0001731122-23-002083-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2023"},{"label":"Net income","value":"Forza X1 had a net loss of $ 4,535,100"},{"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"}