{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-24-000805","form_type":"8-K","ticker":"VEEE","cik":"0001855509","company_name":"Twin Vee PowerCats, Co.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.897143+00:00","generated_at":"2026-06-01T23:36:40.073016+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Twin Vee PowerCats Q1 revenue down 41% to $5.28M; net loss widens to $2.34M","bullets":["Revenue $5.276M, down 41% YoY from $8.877M.","Consolidated net loss $2.335M, vs. $1.828M loss in prior year; includes Forza X1 loss of $1.168M.","Gas-powered boat segment net loss $1.164M vs. net income $0.182M in prior year.","Cash and marketable securities $17.381M, down from $21.218M at Dec 31, 2023.","Company cites high interest rates reducing demand; reduced workforce and production."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-24-000805","json":"https://secwatch.observer/filing/0001731122-24-000805.json","markdown":"https://secwatch.observer/filing/0001731122-24-000805.md","text":"https://secwatch.observer/filing/0001731122-24-000805.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855509/000173112224000805/0001731122-24-000805-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855509/000173112224000805/e5674_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T23:36:40.073016+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":"fd68d37dcc6eb6e0e798c42ef144ab5474c26e8a","claim":"Twin Vee PowerCats, Co. reported three months ended March 31, 2024 results: revenue $5,276,343, net income net loss of $2,335,194.","evidence_excerpt":"Twin Vee reported a 41% decline in consolidated revenue for the three months ended March 31, 2024, to $5,276,343 as compared to $8,877,215 in the same period in 2023. For the three months ended March 31, 2024, Twin Vee had a consolidated net loss of $2,335,194, as compared to a net loss of $1,828,465 in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112224000805/0001731122-24-000805-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Revenue","value":"$5,276,343"},{"label":"Net income","value":"net loss of $2,335,194"},{"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"}