Twin Vee PowerCats Co. Reports 4% Increase in Revenue for the Year Ended December 31, 2023
Twin Vee PowerCats Co. Reports 4% Increase in Revenue for the Year Ended December 31, 2023
FORT PIERCE, FL / ACCESSWIRE / March 26, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for fiscal year ended December 31, 2023.
佛羅里達州皮爾斯堡/ACCESSWIRE /2024 年 3 月 26 日/Twin Vee PowerCats Co.休閒和商用摩托艇的設計、製造商和分銷商納斯達克股票代碼：VEEE）（“Twin Vee” 或 “公司”）今天公佈了截至2023年12月31日的財年的經營亮點和財務業績。
Highlights for fiscal year 2023:
2023 財年的亮點：
- Revenue for the year ended December 31, 2023 increased 4% to $33,426,000 as compared to $31,988,000 in 2022.
- Twin Vee had a net loss of $2,348,000 for the year ended December 31, 2023, as compared to a net loss of $2,144,000 in 2022.
- Aquasport had a net loss of $1,482,897 for the year ended December 31, 2023.
- Forza X1 had a net loss of $ 5,933,000 for the year ended December 31, 2023, as compared to a net loss of $3,630,000 in 2022.
- Twin Vee's consolidated cash, cash equivalents, restricted cash and marketable securities were $21,218,000 on December 31, 2023, as compared to $26,249,000 on December 31, 2022.
- Announced Autonomous A.I. Technology Partnership to create the world's first autonomously equipped recreational sport boats.
- Forza announced construction of a new 60,000 square foot state-of-the-art manufacturing facility in Marion, North Carolina, is progressing on schedule.
- Twin Vee's core business, gas powered boats, had cash, cash equivalents, restricted cash and marketable securities of $8,396,000 on December 31, 2023, as compared to $13,529,000 on December 31,2022.
- Twin Vee's consolidated total asset value was $39,847,000 on December 31, 2023. Forza's total asset value was $16,922,000 on December 31, 2023. Twin Vee's core business, gas powered boats had a total asset value of $22,906,000 on December 31, 2023.
- 截至2023年12月31日的年度收入增長了4％，達到33,426,000美元，而2022年爲31,988,000美元。
- 截至2023年12月31日的財年，Twin Vee的淨虧損爲234.8萬美元，而2022年的淨虧損爲2,144,000美元。
- 截至2023年12月31日的財年，Aquasport的淨虧損爲1,482,897美元。
- 截至2023年12月31日的財年，極限競速X1的淨虧損爲5,933,000美元，而2022年的淨虧損爲363萬美元。
- 截至2023年12月31日，Twin Vee的合併現金、現金等價物、限制性現金和有價證券爲21,218,000美元，而2022年12月31日爲26,249,000美元。
- 宣佈建立自主人工智能技術合作夥伴關係，以製造世界上第一艘裝備自動駕駛的休閒運動艇。
- 極限競速（Forza）宣佈，位於北卡羅來納州馬裏恩的新建佔地60,000平方英尺的最先進製造工廠的建設正在按計劃進行中。
- 截至2023年12月31日，Twin Vee的核心業務汽油動力船隻的現金、現金等價物、限制性現金和有價證券爲8,396,000美元，而2022年12月31日爲13,529,000美元。
- 截至2023年12月31日，Twin Vee的合併總資產價值爲39,847,000美元。2023年12月31日，極限競速的總資產價值爲16,922,000美元。截至2023年12月31日，Twin Vee的核心業務汽油動力船的總資產價值爲22,906,000美元。
The Company is pleased to report a 4% increase in consolidated revenue for the year ended December 31, 2023, to $33,425,912 as compared to $31,987,724 in the same period in 2022. For the year ended December 31, 2023, Twin Vee alone had a net operating loss of $2,347,975, as compared to a net operating loss of $2,144,167 in the prior year. The Twin Vee operating loss is stated before consolidating Twin Vee's electric boat company Forza X1 and the expenses related to the Aquasport Facility in Tennessee. Twin Vee's new Aquasport monohull division, in Tennessee, contributed a cumulative net loss of $1,482,349, such that the gas-powered segment had a combined net loss of $3,830,872 for the year ended December 31, 2023, as compared to a net loss of $2,144,167 in the prior year.
公司欣然報告稱，截至2023年12月31日止年度的合併收入增長了4％，達到33,425,912美元，而2022年同期爲31,987,724美元。在截至2023年12月31日的財年中，僅Twin Vee的淨營業虧損就爲2,347,975美元，而上一年的淨營業虧損爲2,144,167美元。Twin Vee的營業虧損是在合併Twin Vee的電動船公司Forza X1以及與田納西州Aquasport設施相關的費用之前公佈的。Twin Vee在田納西州的新Aquasport單體船部門累計淨虧損1,482,349美元，因此截至2023年12月31日的財年，該天然氣動力板塊的合併淨虧損爲3,830,872美元，而上一年的淨虧損爲2,144,167美元。
Forza X1, Inc. (NASDAQ: FRZA), the electric boat and development subsidiary in which Twin Vee has a 44.35% controlling interest, had a net loss of $5,933,112 for the year ended December 31, 2023 as compared to a net loss of $3,630,081 in the prior year. The consolidated net loss attributed to stockholders of Twin Vee was $7,192,176 for the year ended December 31, 2023, as compared to a consolidated net loss attributed to stockholders of Twin Vee of $5,137,252 in the prior year. Generally Accepted Accounting Principles ("GAAP") require Twin Vee to file consolidated financial statements based on Twin Vee's controlling ownership interest in Forza X1, Inc. (Nasdaq: FRZA). Twin Vee, net of Forza X1, had cash, cash equivalents, restricted cash, and marketable securities of $8,395,709 as of December 31, 2023.
極限競速X1公司（納斯達克股票代碼：FRZA）是電動船和開發子公司，Twin Vee持有44.35％的控股權，截至2023年12月31日的年度淨虧損爲5,933,112美元，而上一年度的淨虧損爲3,630,081美元。截至2023年12月31日的財年，歸屬於Twin Vee股東的合併淨虧損爲7,192,176美元，而去年歸屬於Twin Vee股東的合併淨虧損爲5,137,252美元。公認會計原則（“GAAP”）要求Twin Vee根據Twin Vee在極限競速X1公司（納斯達克股票代碼：FRZA）的控股權益提交合並財務報表。截至2023年12月31日，扣除極限競速X1後的Twin Vee的現金、現金等價物、限制性現金和有價證券爲8,395,709美元。
"The general economic landscape, and the rising interest rate environment are creating challenges and downward pressure on customer demand across both brands," explained Joseph Visconti, CEO and President of Twin Vee PowerCats Co. "Not only are entry level buyers affected by higher interest rates, but cash buyers and boat clubs are also exhibiting reduced appetites. Due to the challenging environment and changing consumer behavior, Twin Vee's executive team is tightly controlling operating costs while continuing to develop exciting new models, expand the dealer network, and lay the groundwork for the next market upswing. Our goal is to reduce cash burn while continuing to invest in infrastructure, product development, and other revenue generating investments. For example, our brand-new Twin Vee Gen 2 400 GFX and the 280 GFX that are now in production."
Twin Vee PowerCats Co.首席執行官兼總裁約瑟夫·維斯康蒂解釋說：“總體經濟格局和利率上升的環境給兩個品牌的客戶需求帶來了挑戰和下行壓力。”“不僅入門級買家受到更高利率的影響，而且現金購買者和遊艇俱樂部的胃口也有所下降。由於充滿挑戰的環境和不斷變化的消費者行爲，Twin Vee的執行團隊正在嚴格控制運營成本，同時繼續開發令人興奮的新車型，擴大經銷商網絡，爲下一次市場上漲奠定基礎。我們的目標是減少現金消耗，同時繼續投資於基礎設施、產品開發和其他創收投資。例如，我們全新的 Twin Vee Gen 2 400 GFX 和 280 GFX 現已投入生產。”
Conference Call
電話會議
Joseph Visconti, CEO and President, will hold a conference call today, Tuesday, March 26, 2024, at 12:00 p.m. (Eastern). To listen to the conference call, interested parties should dial-in 1-877-407-3982 and use Conference ID 13745202. All callers should dial in approximately 10 minutes prior to the scheduled start time and ask to join the Twin Vee conference call.
首席執行官兼總裁約瑟夫·維斯康蒂將於今天，即2024年3月26日星期二中午12點（美國東部時間）舉行電話會議。要收聽電話會議，有興趣的人士應撥打1-877-407-3982並使用會議編號13745202。所有來電者應在預定開始時間前大約 10 分鐘撥入，並要求加入 Twin Vee 電話會議。
The conference call will also be available through a live audio webcast that can be accessed at the LINK HERE.
電話會議還將通過直播音頻網絡直播，可通過此處的鏈接進行觀看。
The Company's complete financial statements are being filed today with the Securities and Exchange Commission and can be accessed via
該公司的完整財務報表今天已提交給美國證券交易委員會，可通過以下方式訪問
About Twin Vee PowerCats Co.
關於 Twin Vee PowerCats Co.
Twin Vee is a designer, manufacturer, distributor, and marketer of power sport catamaran boats. The Company located in Fort Pierce, Florida, has been building and selling boats for nearly 30 years. Learn more at twinvee.com. 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".
Twin Vee 是動力運動雙體船的設計師、製造商、分銷商和營銷商。該公司位於佛羅里達州皮爾斯堡，建造和銷售船隻已有近30年了。在 twinvee.com 上了解更多信息。Twin Vee 是雙體船運動艇類別中最知名的品牌之一，被稱爲 “最佳水上騎行船”。
Forward Looking Statements
前瞻性陳述
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 creating the world's first autonomously equipped recreational sport boats through an autonomous A.I. technology partnership, construction of Forza's new 60,000 square foot state-of-the-art manufacturing facility in Marion, North Carolina progressing on schedule, tightly controlling operating costs while continuing to develop exciting new models, expand the dealer network, and lay the groundwork for the next market upswing and reducing cash burn while continuing to invest in infrastructure, product development and other revenue generating investments. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict, that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to create the world's first autonomously equipped recreational sport boats through its autonomous A.I. technology partnership, Forza's ability to complete construction of its manufacturing facility in Marion, North Carolina as planned, the Company's ability to lay the groundwork for the next market upswing and reduce cash burn while continuing to invest in infrastructure, product development and other revenue generating investment, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and the Company's subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.
本新聞稿包含1995年《私人證券訴訟改革法》安全港條款所指的某些前瞻性陳述。這些陳述是通過使用 “可以”、“相信”、“預測”、“打算”、“估計”、“期望”、“可能”、“繼續”、“預測”、“潛力”、“項目” 等詞語來識別的，這些表述旨在識別前瞻性陳述，包括有關通過自主人工智能技術合作夥伴關係製造世界上第一艘自動裝備的休閒運動艇、建造極限競速新6萬平方英尺的休閒運動艇的陳述位於北卡羅來納州馬裏恩的最先進製造工廠正在按計劃緊張地進行中控制運營成本，同時繼續開發令人興奮的新車型，擴大經銷商網絡，爲下一次市場上漲奠定基礎，減少現金消耗，同時繼續投資基礎設施、產品開發和其他創收投資。這些前瞻性陳述基於管理層截至本新聞稿發佈之日的預期和假設，存在許多風險和不確定性，其中許多風險和不確定性難以預測，這可能導致實際業績與當前的預期和假設與任何前瞻性陳述中提出或暗示的預期和假設存在重大差異。可能導致實際業績與當前預期存在重大差異的重要因素包括，該公司有能力通過其自主人工智能技術合作夥伴關係製造世界上第一艘自動裝備的休閒運動艇，極限競速能夠按計劃完成其在北卡羅來納州馬裏恩的製造工廠的建設，該公司有能力爲下一次市場上漲奠定基礎，減少現金消耗，同時繼續投資基礎設施、產品開發和其他創收活動投資，以及公司截至2023年12月31日止年度的10-K表年度報告中描述的風險因素，以及公司隨後向美國證券交易委員會提交的文件，包括隨後的10-Q表和8-K表定期報告。本新聞稿中的信息僅在本新聞稿發佈之日提供，除非法律要求，否則公司沒有義務在聲明發表之日之後公開更新或修改任何前瞻性陳述，無論是由於新信息、未來事件還是其他原因，也沒有義務反映意外事件的發生。
CONTACT:
聯繫人：
Glenn Sonoda
investor@twinvee.com
Glenn Sonoda
investor@twinvee.com
(Tables Follow)
（表格如下）
| December 31, | December 31, | |||||||||||||||
| 2023 | 2022 | Change | % Change | |||||||||||||
Cash, cash equivalents and restricted cash |
$ | 16,755,233 | $ | 23,501,007 | $ | (6,745,774) | (28.7%) | |||||||||
Current assets |
$ | 26,646,318 | $ | 29,887,529 | $ | (3,241,211) | (10.8%) | |||||||||
Current liabilities |
$ | 4,216,345 | $ | 3,791,063 | $ | 425,282 | 11.2% | |||||||||
Working capital |
$ | 22,429,973 | $ | 26,096,466 | $ | (3,666,493) | (14.0%) | |||||||||
| 十二月三十一日 | 十二月三十一日 | |||||||||||||||
| 2023 | 2022 | 改變 | % 變化 | |||||||||||||
現金、現金等價物和限制性現金 |
$ | 16,755,233 | $ | 23,501,007 | $ | (6,745,774) | (28.7%) | |||||||||
流動資產 |
$ | 26,646,318 | $ | 29,887,529 | $ | (3,241,211) | (10.8%) | |||||||||
流動負債 |
$ | 4,216,345 | $ | 3,791,063 | $ | 425,282 | 11.2% | |||||||||
營運資金 |
$ | 22,429,973 | $ | 26,096,466 | $ | (3,666,493) | (14.0%) | |||||||||
| December 31, | December 31, | |||||||||||||||
Balance Sheet Data: |
2023 | 2022 | Change | % Change | ||||||||||||
Cash |
$ | 16,755,233 | $ | 23,501,007 | $ | (6,745,774) | (29%) | |||||||||
Total assets |
$ | 39,846,713 | $ | 38,231,480 | $ | 1,615,233 | 4% | |||||||||
Total liabilities |
$ | 7,797,098 | $ | 5,210,591 | $ | 2,586,507 | 50% | |||||||||
Stockholder's equity |
$ | 23,511,193 | $ | 28,435,734 | $ | (4,924,541) | (17%) | |||||||||
| 十二月三十一日 | 十二月三十一日 | |||||||||||||||
資產負債表數據： |
2023 | 2022 | 改變 | % 變化 | ||||||||||||
現金 |
$ | 16,755,233 | $ | 23,501,007 | $ | (6,745,774) | (29%) | |||||||||
總資產 |
$ | 39,846,713 | $ | 38,231,480 | $ | 1,615,233 | 4% | |||||||||
負債總額 |
$ | 7,797,098 | $ | 5,210,591 | $ | 2,586,507 | 50% | |||||||||
股東權益 |
$ | 23,511,193 | $ | 28,435,734 | $ | (4,924,541) | (17%) | |||||||||
| Years Ended | ||||||||||||||||
| December 31, | ||||||||||||||||
| 2023 | 2022 | $ Change | % Change | |||||||||||||
Net sales |
$ | 33,425,912 | $ | 31,987,724 | $ | 1,438,188 | 4% | |||||||||
Cost of products sold |
$ | 23,702,885 | $ | 21,330,918 | $ | 2,371,967 | 11% | |||||||||
Gross profit |
$ | 9,723,027 | $ | 10,656,806 | $ | (933,779) | (9%) | |||||||||
Operating expenses |
$ | 21,710,326 | $ | 16,678,514 | $ | 5,031,812 | 30% | |||||||||
Loss from operations |
$ | (11,987,299) | $ | (6,021,708) | $ | (5,965,591) | 99% | |||||||||
Other expense |
$ | (2,205,103) | $ | (228,294) | $ | (1,976,809) | 866% | |||||||||
Net loss |
$ | (9,782,196) | $ | (5,793,414) | $ | (3,988,782) | 69% | |||||||||
Basic and dilutive income per share of common stock |
$ | (0.76) | $ | (0.67) | $ | (0.08) | 12% | |||||||||
Weighted average number of shares of common stock outstanding |
9,520,000 | 7,624,938 | ||||||||||||||
| 年份已結束 | ||||||||||||||||
| 十二月三十一日 | ||||||||||||||||
| 2023 | 2022 | $ Change | % 變化 | |||||||||||||
淨銷售額 |
$ | 33,425,912 | $ | 31,987,724 | $ | 1,438,188 | 4% | |||||||||
銷售產品的成本 |
$ | 23,702,885 | $ | 21,330,918 | $ | 2,371,967 | 11% | |||||||||
毛利 |
$ | 9,723,027 | $ | 10,656,806 | $ | (933,779) | (9%) | |||||||||
運營費用 |
$ | 21,710,326 | $ | 16,678,514 | $ | 5,031,812 | 30% | |||||||||
運營損失 |
$ | (11,987,299) | $ | (6,021,708) | $ | (5,965,591) | 99% | |||||||||
其他費用 |
$ | (2,205,103) | $ | (228,294) | $ | (1,976,809) | 866% | |||||||||
淨虧損 |
$ | (9,782,196) | $ | (5,793,414) | $ | (3,988,782) | 69% | |||||||||
普通股每股基本收益和攤薄收益 |
$ | (0.76) | $ | (0.67) | $ | (0.08) | 12% | |||||||||
已發行普通股的加權平均數 |
9520,000 | 7,624,938 | ||||||||||||||
| Years Ended | ||||||||||||||||
| December 31, | ||||||||||||||||
| 2023 | 2022 | Change | % Change | |||||||||||||
Cash used in operating activities |
$ | (6,934,773) | $ | (4,146,031) | $ | (2,788,742) | (67%) | |||||||||
Cash used in investing activities |
$ | (6,629,021) | $ | (195,605) | $ | 6,433,416 | 3,289% | |||||||||
Cash provided by financing activities |
$ | 6,818,020 | $ | 20,867,340 | $ | (14,049,320) | (67%) | |||||||||
Cash at end of year |
$ | 16,755,233 | $ | 23,501,007 | $ | (6,745,774) | (29%) | |||||||||
| 年份已結束 | ||||||||||||||||
| 十二月三十一日 | ||||||||||||||||
| 2023 | 2022 | 改變 | % 變化 | |||||||||||||
用於經營活動的現金 |
$ | (6,934,773) | $ | (4,146,031) | $ | (2,788,742) | (67%) | |||||||||
用於投資活動的現金 |
$ | (6,629,021) | $ | (195,605) | $ | 6,433,416 | 3,289% | |||||||||
融資活動提供的現金 |
$ | 6,818,020 | $ | 20,867,340 | $ | (14,049,320) | (67%) | |||||||||
年底現金 |
$ | 16,755,233 | $ | 23,501,007 | $ | (6,745,774) | (29%) | |||||||||
The following table shows information by reportable segments for fiscal year 2023 and 2022:
下表顯示了2023年和2022財年按可報告的分部劃分的信息：
| For the Year Ended December 31, 2023 | ||||||||||||||||
| Gas-Powered Boats | Franchise | Electric Boat and Development | Total | |||||||||||||
Net sales |
$ | 33,388,794 | $ | - | $ | 37,118 | $ | 33,425,912 | ||||||||
Cost of products sold |
23,545,248 | - | 157,637 | 23,702,885 | ||||||||||||
Operating expense |
15,234,159 | 3,253 | 6,472,914 | 21,710,326 | ||||||||||||
Loss from operations |
(5,390,613) | (3,253) | (6,593,433) | (11,987,299) | ||||||||||||
Other income (expense) |
1,559,741 | (14,959) | 660,321 | 2,205,103 | ||||||||||||
Net loss |
$ | (3,830,872) | $ | (18,212) | $ | (5,933,112) | $ | (9,782,196) | ||||||||
| For the Year Ended December 31, 2022 | ||||||||||||||||
| Gas-Powered Boats | Franchise | Electric Boat and Development | Total | |||||||||||||
Net sales |
$ | 31,988,756 | $ | (1,032) | $ | - | $ | 31,987,724 | ||||||||
Cost of products sold |
21,097,148 | 1,027 | 232,743 | 21,330,918 | ||||||||||||
Operating expense |
13,274,952 | 35,399 | 3,368,163 | 16,678,514 | ||||||||||||
Loss from operations |
(2,383,344) | (37,458) | (3,600,906) | (6,021,708) | ||||||||||||
Other income (expense) |
239,177 | (34,060) | 23,177 | 228,294 | ||||||||||||
Net loss |
$ | (2,144,167) | $ | (71,518) | $ | (3,577,729) | $ | (5,793,414) | ||||||||
| 截至2023年12月31日的財年 | ||||||||||||||||
| 汽油動力船 | 專營權 | 電動船與發展 | 總計 | |||||||||||||
淨銷售額 |
$ | 33,388,794 | $ | - | $ | 37,118 | $ | 33,425,912 | ||||||||
銷售產品的成本 |
23,545,248 | - | 157,637 | 23,702,885 | ||||||||||||
運營費用 |
15,234,159 | 3,253 | 6,472,914 | 21,710,326 | ||||||||||||
運營損失 |
(5,390,613) | (3,253) | (6,593,433) | (11,987,299) | ||||||||||||
其他收入（支出） |
1,559,741 | (14,959) | 660,321 | 2,205,103 | ||||||||||||
淨虧損 |
$ | (3,830,872) | $ | (18,212) | $ | (5,933,112) | $ | (9,782,196) | ||||||||
| 截至2022年12月31日的財年 | ||||||||||||||||
| 汽油動力船 | 專營權 | 電動船與發展 | 總計 | |||||||||||||
淨銷售額 |
$ | 31,988,756 | $ | (1,032) | $ | - | $ | 31,987,724 | ||||||||
銷售產品的成本 |
21,097,148 | 1,027 | 232,743 | 21,330,918 | ||||||||||||
運營費用 |
13,274,952 | 35,399 | 3,368,163 | 16,678,514 | ||||||||||||
運營損失 |
(2,383,344) | (37,458) | (3,600,906) | (6,021,708) | ||||||||||||
其他收入（支出） |
239,177 | (34,060) | 23,177 | 228,294 | ||||||||||||
淨虧損 |
$ | (2,144,167) | $ | (71,518) | $ | (3,577,729) | $ | (5,793,414) | ||||||||
Non-GAAP Financial Measures
非公認會計准則財務指標
We have presented a supplemental non-GAAP financial measure in this earnings release. We believe that this supplemental information is useful to investors because it allows for an evaluation of the company with a focus on the performance of its core operations, including more meaningful comparisons of financial results to historical periods. Adjusted Net Loss is a non-GAAP financial measure which excludes certain non-cash expenses. Our executive management team uses these same non-GAAP measures internally to assess the ongoing performance of the Company. Adjusted Net (Loss) is not intended to be a substitute for any GAAP financial measures, and, as calculated, may not be comparable to other similarly titled measures of performance of other companies in other industries or within the same industry.
我們在本業績中提供了補充的非公認會計准則財務指標。我們認爲，這些補充信息對投資者很有用，因爲它允許以核心業務的業績爲重點對公司進行評估，包括將財務業績與歷史時期進行更有意義的比較。調整後淨虧損是一項非公認會計准則財務指標，不包括某些非現金支出。我們的執行管理團隊在內部使用相同的非公認會計准則指標來評估公司的持續業績。調整後的淨額（虧損）不能替代任何GAAP財務指標，並且根據計算，可能無法與其他行業或同一行業內其他公司的類似業績指標進行比較。
Below is a reconciliation of Adjusted Net loss to GAAP net loss for the fiscal year 2023 and 2022:
以下是2023和2022財年調整後淨虧損與GAAP淨虧損的對賬情況：
| Years Ended | ||||||||
| December 31, | ||||||||
| 2023 | 2022 | |||||||
Net sales |
$ | 33,425,912 | $ | 31,987,724 | ||||
Cost of products sold |
$ | 23,702,885 | $ | 21,330,918 | ||||
Gross profit |
$ | 9,723,027 | $ | 10,656,806 | ||||
Operating expenses |
$ | 21,710,326 | $ | 16,678,514 | ||||
Loss from operations |
$ | (11,987,299) | $ | (6,021,708) | ||||
Other expense |
$ | (2,205,103) | $ | (228,294) | ||||
Net loss |
$ | (9,782,196) | $ | (5,793,414) | ||||
Basic and dilutive income per share of common stock |
$ | (0.77) | $ | (0.67) | ||||
Weighted average number of shares of common stock outstanding |
9,520,000 | 7,624,938 | ||||||
| 年份已結束 | ||||||||
| 十二月三十一日 | ||||||||
| 2023 | 2022 | |||||||
淨銷售額 |
$ | 33,425,912 | $ | 31,987,724 | ||||
銷售產品的成本 |
$ | 23,702,885 | $ | 21,330,918 | ||||
毛利 |
$ | 9,723,027 | $ | 10,656,806 | ||||
運營費用 |
$ | 21,710,326 | $ | 16,678,514 | ||||
運營損失 |
$ | (11,987,299) | $ | (6,021,708) | ||||
其他費用 |
$ | (2,205,103) | $ | (228,294) | ||||
淨虧損 |
$ | (9,782,196) | $ | (5,793,414) | ||||
普通股每股基本收益和攤薄收益 |
$ | (0.77) | $ | (0.67) | ||||
已發行普通股的加權平均數 |
9520,000 | 7,624,938 | ||||||
| Adjusted Net Loss | ||||||||
| Years Ended | ||||||||
| December 31, | ||||||||
| 2023 | 2022 | |||||||
Net loss |
$ | (9,782,196) | $ | (5,793,414) | ||||
Stock based compensation |
1,902,749 | 1,448,751 | ||||||
Loss on disposal of assets |
- | 60,088 | ||||||
Depreciation and amortization |
1,353,383 | 553,750 | ||||||
Change of right-of-use asset and lease liabilities |
474,630 | 397,136 | ||||||
Net change in marketable securities |
(87,781) | 133,988 | ||||||
Change in inventory reserce |
419,616 | - | ||||||
Government grant income |
(1,267,055) | (355,986.99) | ||||||
Adjusted net (loss) |
$ | (7,406,270) | $ | (3,555,688) | ||||
| 調整後淨虧損 | ||||||||
| 年份已結束 | ||||||||
| 十二月三十一日 | ||||||||
| 2023 | 2022 | |||||||
淨虧損 |
$ | (9,782,196) | $ | (5,793,414) | ||||
基於股票的薪酬 |
1,902,749 | 1,448,751 | ||||||
資產處置損失 |
- | 60,088 | ||||||
折舊和攤銷 |
1,353,383 | 553,750 | ||||||
使用權資產和租賃負債的變動 |
474,630 | 397,136 | ||||||
有價證券的淨變化 |
(87,781) | 133,988 | ||||||
庫存儲備的變化 |
419,616 | - | ||||||
政府補助收入 |
(1,267,055) | (355,986.99) | ||||||
調整後的淨額（虧損） |
$ | (7,406,270) | $ | (3,555,688) | ||||
| Gas-Powered Boats | Fix My Boat | Electric Boat and Development | ||||||||||||||||||||||
| Fiscal Year | Fiscal Year | Fiscal Year | ||||||||||||||||||||||
| December 31, | December 31, | December 31, | ||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |||||||||||||||||||
Net loss |
$ | (3,830,872) | $ | (2,091,815) | $ | (18,212) | $ | (71,518) | $ | (5,933,112) | $ | (3,630,081) | ||||||||||||
Stock based compensation |
557,479 | 990,405 | - | - | 1,345,270 | 458,346 | ||||||||||||||||||
Impairment loss |
- | - | - | - | - | - | ||||||||||||||||||
Loss on disposal of assets |
- | 10,098 | - | 18,408 | - | 31,582 | ||||||||||||||||||
Depreciation and amortization |
1,167,483 | 493,785 | - | - | 185,900 | 59,965 | ||||||||||||||||||
Gain from government grant |
- | - | - | - | - | - | ||||||||||||||||||
Change of right-of-use asset and lease liabilities |
387,708 | 559,205 | - | - | 86,922 | (162,069) | ||||||||||||||||||
Net change in marketable securities |
(36,903) | 133,988 | - | - | (50,878) | - | ||||||||||||||||||
Change in inventory reserve |
68,458 | - | - | - | 351,158 | - | ||||||||||||||||||
Government grant income |
(1,267,055) | (355,987) | - | - | - | - | ||||||||||||||||||
Adjusted net income (loss) |
$ | (2,953,702) | $ | (260,321) | $ | (18,212) | $ | (53,110) | $ | (4,014,740) | $ | (3,242,257) | ||||||||||||
| 汽油動力船 | 修好我的船 | 電動船與發展 | ||||||||||||||||||||||
| 財政年度 | 財政年度 | 財政年度 | ||||||||||||||||||||||
| 十二月三十一日 | 十二月三十一日 | 十二月三十一日 | ||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |||||||||||||||||||
淨虧損 |
$ | (3,830,872) | $ | (2,091,815) | $ | (18,212) | $ | (71,518) | $ | (5,933,112) | $ | (3,630,081) | ||||||||||||
基於股票的薪酬 |
557,479 | 990,405 | - | - | 1,345,270 | 458,346 | ||||||||||||||||||
減值損失 |
- | - | - | - | - | - | ||||||||||||||||||
資產處置損失 |
- | 10,098 | - | 18,408 | - | 31,582 | ||||||||||||||||||
折舊和攤銷 |
1,167,483 | 493,785 | - | - | 185,900 | 59,965 | ||||||||||||||||||
從政府補助中獲得的收益 |
- | - | - | - | - | - | ||||||||||||||||||
使用權資產和租賃負債的變動 |
387,708 | 559,205 | - | - | 86,922 | (162,069) | ||||||||||||||||||
有價證券的淨變化 |
(36,903) | 133,988 | - | - | (50,878) | - | ||||||||||||||||||
庫存儲備的變化 |
68,458 | - | - | - | 351,158 | - | ||||||||||||||||||
政府補助收入 |
(1,267,055) | (355,987) | - | - | - | - | ||||||||||||||||||
調整後淨收益（虧損） |
$ | (2,953,702) | $ | (260,321) | $ | (18,212) | $ | (53,110) | $ | (4,014,740) | $ | (3,242,257) | ||||||||||||
SOURCE: Twin Vee PowerCats Co.
來源：Twin Vee PowerCats Co