Twin Vee Q2 revenue down 47% to $4.3M; net loss widens to $4.5M

Twin Vee PowerCats, Co.

2024-Q2 EPS reported -$0.49 revenue$9,603,164

Consolidated revenue $4,327K vs $8,125K YoY; net loss $4,519K vs $1,904K.
Includes $2,832K loss from Forza X1 (44% owned, trading FRZA) with $1,674K impairment on building.
Cash & equivalents $15,134K at quarter end, down from $17,381K in Q1.
Company reduced workforce, lowered production, and tightened controls amid declining demand.
Investing in new models and factory expansion while targeting monthly cash burn below $150K at Forza.

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