Twin Vee PowerCats Announces 6 New Dealers, Expanding National Network
Twin Vee PowerCats (Nasdaq: VEEE) has announced the addition of six new dealers in its first phase of dealer network expansion, strengthening its market presence. The new locations include dealerships in New Jersey, Massachusetts, Florida, and New York.
The company reports its dealer field inventory is at an 18-month low with approximately 60 boats in the field, down from over 160 units annually in the previous year. Twin Vee expects boat deliveries to increase by more than 50% in Q1 2025 compared to Q4 2024, marking their first sequential revenue increase in recent periods.
The company is already working on a second wave of dealer partnerships to further expand its reach in the recreational boating market.
Twin Vee PowerCats (Nasdaq: VEEE) ha annunciato l'aggiunta di sei nuovi rivenditori nella sua prima fase di espansione della rete di rivenditori, rafforzando la sua presenza sul mercato. Le nuove sedi includono concessionari nel New Jersey, nel Massachusetts, in Florida e a New York.
L'azienda riporta che il suo inventario di rivenditori è a un minimo di 18 mesi con circa 60 imbarcazioni disponibili, in calo rispetto a oltre 160 unità annuali dell'anno precedente. Twin Vee prevede che le consegne di barche aumenteranno di oltre il 50% nel primo trimestre del 2025 rispetto al quarto trimestre del 2024, segnando il loro primo aumento sequenziale dei ricavi in tempi recenti.
L'azienda sta già lavorando su una seconda ondata di partnership con rivenditori per espandere ulteriormente la sua portata nel mercato della nautica da diporto.
Twin Vee PowerCats (Nasdaq: VEEE) ha anunciado la adición de seis nuevos concesionarios en su primera fase de expansión de la red de concesionarios, fortaleciendo su presencia en el mercado. Las nuevas ubicaciones incluyen concesionarios en Nueva Jersey, Massachusetts, Florida y Nueva York.
La empresa informa que su inventario de concesionarios está en un mínimo de 18 meses con aproximadamente 60 barcos en el campo, en comparación con más de 160 unidades anuales del año anterior. Twin Vee espera que las entregas de barcos aumenten en más del 50% en el primer trimestre de 2025 en comparación con el cuarto trimestre de 2024, marcando su primer aumento secuencial de ingresos en períodos recientes.
La empresa ya está trabajando en una segunda ola de asociaciones con concesionarios para expandir aún más su alcance en el mercado de la navegación recreativa.
Twin Vee PowerCats (Nasdaq: VEEE)는 여섯 개의 새로운 대리점을 추가하여 대리점 네트워크 확장의 첫 번째 단계에서 시장 존재감을 강화했다고 발표했습니다. 새로운 위치에는 뉴저지, 매사추세츠, 플로리다 및 뉴욕의 대리점이 포함됩니다.
회사는 대리점 현장 재고가 18개월 최저치에 도달했으며, 현재 약 60척의 보트가 현장에 있으며, 이는 지난해 연간 160여 대에서 감소한 수치입니다. Twin Vee는 2024년 4분기 대비 2025년 1분기에 보트 배송이 50% 이상 증가할 것으로 예상하고 있으며, 이는 최근 몇 년 간의 수익 증가를 나타냅니다.
회사는 레크리에이션 보트 시장에서의 도달 범위를 더욱 확장하기 위해 대리점 파트너십의 두 번째 물결 작업을 이미 진행 중입니다.
Twin Vee PowerCats (Nasdaq: VEEE) a annoncé l'ajout de six nouveaux concessionnaires dans sa première phase d'expansion de son réseau de concessionnaires, renforçant ainsi sa présence sur le marché. Les nouveaux emplacements comprennent des concessionnaires dans le New Jersey, le Massachusetts, la Floride et New York.
L'entreprise rapporte que son inventaire de concessionnaires est à un minimum de 18 mois avec environ 60 bateaux sur le terrain, en baisse par rapport à plus de 160 unités annuelles l'année précédente. Twin Vee s'attend à ce que les livraisons de bateaux augmentent de plus de 50% au premier trimestre 2025 par rapport au quatrième trimestre 2024, marquant leur première augmentation séquentielle des revenus ces dernières périodes.
L'entreprise travaille déjà sur une deuxième vague de partenariats avec des concessionnaires pour étendre encore sa portée sur le marché de la navigation de loisirs.
Twin Vee PowerCats (Nasdaq: VEEE) hat die Hinzufügung von sechs neuen Händlern in der ersten Phase der Erweiterung seines Händlernetzwerks angekündigt, um seine Marktpräsenz zu stärken. Zu den neuen Standorten gehören Händler in New Jersey, Massachusetts, Florida und New York.
Das Unternehmen berichtet, dass sein Händlerfeldinventar auf einem 18-Monats-Tief von etwa 60 Booten liegt, verglichen mit über 160 Einheiten jährlich im Vorjahr. Twin Vee erwartet, dass die Bootslieferungen im ersten Quartal 2025 um mehr als 50% im Vergleich zum vierten Quartal 2024 steigen werden, was den ersten sequenziellen Umsatzanstieg in letzter Zeit markiert.
Das Unternehmen arbeitet bereits an einer zweiten Welle von Händlerpartnerschaften, um seine Reichweite im Freizeitbootmarkt weiter auszubauen.
- Field inventory reduced to 60 boats from 160+ units annually, indicating strong sales
- Expected 50%+ increase in boat deliveries for Q1 2025 vs Q4 2024
- First sequential revenue increase expected in Q1 2025
- Geographic expansion through 6 new strategic dealer locations
- Previous periods showed declining sequential revenue
Insights
Twin Vee's strategic expansion of its dealer network represents a potential inflection point for this micro-cap boat manufacturer. The addition of six new dealerships across key boating markets in New Jersey, Massachusetts, Florida, and New York significantly expands the company's distribution footprint at a critical time.
The announcement contains several notable positive indicators: field inventory has dropped to approximately 60 boats, down dramatically from over 160 units in the previous year, suggesting strong retail sell-through. More importantly, management projects boat deliveries will increase by more than
This anticipated delivery growth is particularly significant as it's expected to drive the company's first sequential revenue increase "in quite a while" - suggesting a potential turnaround in financial performance. For a company with a market cap of just
The company's two-phase approach to dealer expansion demonstrates a methodical strategy to increase market penetration. The selection of dealerships across diverse geographic regions (Northeast and Florida) should help Twin Vee capture demand in both year-round and seasonal boating markets.
While the news is undoubtedly positive, execution will be key. The company must successfully support these new dealer relationships while maintaining product quality as production scales up to meet the projected
This dealer network expansion represents a significant distribution breakthrough for Twin Vee in the highly competitive powerboat market. By strategically adding six new dealerships across key boating regions, the company has substantially improved its ability to reach potential customers in major boating markets.
The inventory reduction to just 60 boats in the field (down from 160) indicates healthy retail sell-through and suggests the company has successfully aligned production with actual consumer demand. This inventory optimization puts Twin Vee in an excellent position to increase production without risk of oversaturation.
The projected
Twin Vee's focus on "customer-centric" dealerships demonstrates understanding of the marine retail environment, where the dealer experience significantly influences purchase decisions. Their careful selection of established dealers like Goose Hummock (Cape Cod) and Patchogue Shores Marina (Long Island) provides access to affluent coastal communities with strong boating traditions.
The planned second wave of dealer expansion indicates this is part of a comprehensive growth strategy rather than a one-time initiative. If executed properly, this expanded distribution framework could drive sustained growth for Twin Vee in the specialty catamaran segment where they've established their "Best Riding Boats in the Water" position.
FORT PIERCE, FL / ACCESS Newswire / March 12, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that six new Twin Vee dealers have been added during the first phase of its dealer network expansion, further developing the Company's reach in new markets.
"We are thrilled to welcome our newest dealers to our growing Twin Vee family," said Joseph C. Visconti, CEO and President of Twin Vee PowerCats Co. "Our new dealers will represent our stellar products and convey our Company's customer-centric mission to their communities. Their dedication to customer service and deep understanding of the boating industry will be invaluable as we continue to expand our reach and deliver the "Best Riding Boats in the Water" to enthusiasts, fishers, and families across the country."
The first phase of the Company's dealer network expansion includes the following esteemed dealerships:
Twin Vee's expansion effort comes at a time when the Company is experiencing a healthy demand for its boats through new sales and a significant reduction in field inventory. "Our current Twin Vee dealer field inventory is at an all-time low for the past 18 months," Visconti noted. "There are about 60 boats in the field, a significant decrease from over 160 units annually in the previous year, with customers purchasing boats from our dealers. As a result of our dealer expansion efforts, deliveries of boats are expected to increase more than
According to Visconti, the Company is already working on signing a second wave of new dealers, building upon the momentum and success of the first wave of new dealers. "This strategic dealer expansion is central to our goal of making Twin Vee accessible to a wider audience," explained Visconti. "By partnering with experienced and passionate dealers, we're making it possible for customers to receive top-notch service and expertise from the moment they consider one of our products. Our team is carefully selecting dealerships that share our customer-centric values and understand the unique benefits of boats, allowing us to build strong, lasting relationships within these new communities and the recreational boating market as a whole."
About Twin Vee PowerCats Co.
Twin Vee PowerCats Co. manufactures Twin Vee and AquaSport boats. The Company produces a range of boats designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." The Company is located in For Pierce, Florida, and has been building and selling boats for 30 years. Learn more at twinvee.com.
Visit Twin Vee PowerCats Co. on Facebook, Instagram, and YouTube.
Visit AquaSport on Facebook and Instagram.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the new Twin Vee dealers conveying the Company's customer-centric mission to their communities, the dealers dedication to customer service and deep understanding of the boating industry being invaluable, the Company continuing to expand its reach and deliver the "Best Riding Boats in the Water" to enthusiasts, fishers, and families across the country, deliveries of boats being expected to increase more than
Contact:
Glenn Sonoda
investor@twinvee.com
SOURCE: Twin Vee PowerCats Co.
View the original press release on ACCESS Newswire
FAQ
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