Earnings Call Summary | Twin Vee PowerCats(VEEE.US) Q4 2023 Earnings Conference
Earnings Call Summary | Twin Vee PowerCats(VEEE.US) Q4 2023 Earnings Conference
The following is a summary of the Twin Vee PowerCats Co. (VEEE) Q4 2023 Earnings Call Transcript:
以下是 Twin Vee PowerCats Co. 的摘要。(VEEE) 2023 年第四季度業績電話會議記錄：
Financial Performance:
財務業績：
Despite a challenging industry environment and a deceleration in orders, Twin Vee's sales grew by 4% in 2023 compared to 2022, standing strong against a 19% decline in the saltwater outboard market.
After attributing significant losses to the consolidation of Forza electric boat losses, the company's adjusted losses sum to $1.6 million in cash, still maintaining a cash position over $8 million as of December 31, 2023.
儘管行業環境充滿挑戰且訂單減速，但與2022年相比，Twin Vee的銷售額在2023年增長了4％，而鹹水舷外市場下降了19％。
在將重大虧損歸因於極限競速電動船虧損的合併之後，該公司調整後的虧損總額爲160萬澳元現金，截至2023年12月31日，現金狀況仍超過800萬美元。
Business Progress:
業務進展：
Twin Vee has been tactically adapting to contracting industry demands by rightsizing operations to produce 10-14 boats per month and focusing on new product development under the Twin Vee and Aquasport brands.
The company has recently expanded its dealer network to Dubai, stepping into the Middle East market for the first time.
Twin Vee will begin expanding its manufacturing capacity by adding a 25,000 square foot extension to their factory in Fort Pierce, Florida. This will scale up their factory size to nearly 100,000 square feet to support anticipated growth.
Twin Vee一直在戰術上適應承包行業的需求，調整運營規模，每月生產10-14艘船，並專注於以Twin Vee和Aquasport品牌開發新產品。
該公司最近將其經銷商網絡擴展到迪拜，首次進入中東市場。
Twin Vee將開始擴大其製造能力，擴建位於佛羅里達州皮爾斯堡的工廠，擴建面積爲25,000平方英尺。這將把他們的工廠規模擴大到近100,000平方英尺，以支持預期的增長。
More details: Twin Vee PowerCats IR
更多詳情： 雙色 Vee PowerCats
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由 AI 生成。無法完全保證內容的準確性。欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。