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FORT PIERCE, FL - Twin Vee PowerCats Co. (NASDAQ:VEEE), a micro-cap boat manufacturer with a market value of $4.89 million, has released the first official images of its new Bahama Boat Works model lineup following its recent acquisition of the brand. The expanded lineup includes new 22’, 24’, and 28’ center console boats, complementing Bahama’s existing range of larger models. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 4.04.
The Bahama 22 represents the most accessible entry point to the brand’s lineup, designed for coastal runs and fishing trips. The mid-sized Bahama 24 aims to balance offshore capability with inshore flexibility, while the Bahama 28 offers increased cockpit space and extended range for offshore excursions.
"Twin Vee is committed to ensuring every Bahama boat, regardless of size, upholds the excellence that has garnered the brand a loyal following," said Joseph Visconti, CEO and President of Twin Vee PowerCats Co.
The company stated it plans to maintain Bahama’s core values in boat construction across the expanded model range, which now spans from 22 feet to 41 feet. According to the press release, all models will continue to feature the premium ride quality and durability that Bahama is known for.
Twin Vee PowerCats, based in Fort Pierce, Florida, has been building and selling boats for 30 years. The company manufactures vessels designed for fishing, cruising, and recreational use, with catamaran hull designs recognized for stability and fuel efficiency. For a comprehensive analysis of Twin Vee’s financial health and growth prospects, access the detailed Pro Research Report available exclusively on InvestingPro.
In other recent news, Twin Vee PowerCats Co. reported a significant 91.7% increase in revenue for the first quarter of 2025, reaching $3.6 million. The company also improved its gross margins by 961 basis points year-over-year, despite a decrease in the average sale price of its units. Twin Vee announced a $3 million stock offering, pricing 750,000 shares at $4.00 each, with ThinkEquity as the sole book-running manager. This move is intended to bolster working capital and support general corporate purposes. Additionally, Twin Vee acquired Bahama Boat Works, aiming to integrate advanced technology into Bahama’s established boat designs. The company also launched Wizz Banger, an AI-driven marine commerce platform, to modernize the boat-buying experience. These initiatives reflect Twin Vee’s strategy to enhance its market presence and operational efficiency.
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