---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-001243"
form_type: "8-K"
ticker: "VEEE"
cik: "0001855509"
company_name: "Twin Vee PowerCats, Co."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:25:25.130231+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001731122-24-001243
- form_type: 8-K
- ticker: VEEE
- cik: 0001855509
- company_name: Twin Vee PowerCats, Co.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855509/000173112224001243/0001731122-24-001243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855509/000173112224001243/e5876_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-001243
- JSON: https://secwatch.observer/filing/0001731122-24-001243.json
- Plain text: https://secwatch.observer/filing/0001731122-24-001243.txt

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