Twin Vee’s revenues increased by nearly 10% to $4.8 million for the second quarter of 2025 compared to the second quarter of 2024.
The figures for the period ending June 30 2025 show a gross margin of 13.8%.
Highlights during the period include the acquisition of Bahama Boat Works and the introduction of the newly designed 22ft BayCat, one of Twin Vee’s most popular models.
In addition, Twin Vee has added ten new dealer locations to its network.
“We are pleased to report another quarter of revenue growth and over 900 basis points of margin expansion in the second quarter,” said Joseph Visconti, CEO and president of Twin Vee PowerCats.
We are pleased to report another quarter of revenue growth.
Joseph Visconti
“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.”
And he said that plans for the future include expanding the Bahama Boat lineup to include 22, 24 and 28-foot models to complement the existing 35, 37, 41 and 41GT portfolio.
“Bahama is a premier offshore fishing vessel called out by the most discriminating buyers,” added Joseph.
“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.”
