Revenue growth for Twin Vee PowerCats in Q2 2025 results

“We are pleased to report another quarter of revenue growth and over 900 basis points of margin expansion in the second quarter,” says Joseph Visconti, CEO and president of Twin Vee PowerCats as the company announces its financial results for the second quarter ended 30 June 2025.

In the second quarter of 2025, the company’s seen a 9.9 per cent increase in revenue (from the second quarter of 2024) at $4.8 million. It has a gross margin of 13.8 per cent, an improvement of 910 basis points from the second quarter of 2024 and has added ten new dealer locations.

As well as acquiring Bahama Boat Works, it’s introduced an all-new 22′ BayCat, historically one of Twin Vee’s most popular models.

Visconti continues: “Our team continues to execute on a number of fronts, including new dealer expansion leading to revenue growth, cost improvement initiatives, integration of the newly acquired Bahama Boat Works and leveraging our boatsforsale.com website to enhance customer and dealer interaction with the new and used boat market infrastructure utilising advanced AI tools.

“Looking ahead, we are expanding the Bahama Boat lineup to include 22, 24 and 28 foot models to complement their existing 35, 37, 41 and 41GT portfolio. Bahama is a premier offshore fishing vessel called out by the most discriminating buyers.

“With the recent passing of renowned Bahama boat builder Scott Henley, Twin Vee is more determined than ever to embrace his legacy of superb fit and finish of the boats he created and will use that as a blueprint to enhance all the models in the Twin Vee lineup.”