{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-24-000510","form_type":"8-K","ticker":"VEEE","cik":"0001855509","company_name":"Twin Vee PowerCats, Co.","filed_at":"2024-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.049235+00:00","generated_at":"2026-06-04T07:23:33.003197+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Twin Vee PowerCats FY2023 revenue up 4% to $33.4M, net loss widens to $7.2M consolidated","bullets":["Revenue $33.4M (+4% YoY); Twin Vee standalone net loss $2.35M vs $2.14M prior year.","Consolidated net loss $7.19M, driven by Forza X1 loss of $5.93M vs $3.63M prior year.","Cash and marketable securities $21.2M consolidated; core gas-powered cash $8.4M.","Aquasport monohull division posted net loss of $1.48M.","CEO cites rising rates, lower demand; focusing on cost control and new model launches."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-24-000510","json":"https://secwatch.observer/filing/0001731122-24-000510.json","markdown":"https://secwatch.observer/filing/0001731122-24-000510.md","text":"https://secwatch.observer/filing/0001731122-24-000510.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855509/000173112224000510/0001731122-24-000510-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855509/000173112224000510/e5528_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T07:23:33.003197+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":"3e4caa4477b13559b5483bfecfdd3db9a432e955","claim":"Twin Vee PowerCats, Co. reported the fiscal year ended December 31, 2023 results: revenue $33,426,000, net income net loss of $2,348,000.","evidence_excerpt":"highlights and financial results for fiscal year ended December 31, 2023. Highlights for fiscal year 2023 : · Revenue for the year ended December 31, 2023 increased 4% to $33,426,000 as compared to $31,988,000 in 2022. · Twin Vee had a net loss of $2,348,000 for the year ended December 31, 2023, as compared to a net loss of $2,144,000 in 2022. · Aquasport had","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112224000510/0001731122-24-000510-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$33,426,000"},{"label":"Net income","value":"net loss of $2,348,000"},{"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"}