Twin Vee PowerCats Co (Pre-Reincorporation). Stock Analysis VEEE

Twin Vee PowerCats Co. engages in the design, manufacture, and sale of recreational and commercial power catamaran boats. The company is headquartered in Fort Pierce, Florida and currently employs 70 full-time employees. The company went IPO on 2021-07-21. The firm produces a range of boats designed for activities including fishing, diving and water skiing and commercial activities, including transportation, eco tours and diving expeditions. Its products are marketed under three brands: Twin Vee for its catamarans, or dual hull vessels; Aquasport for its V-hull boats and Bahama for its offshore fishing vessels. Its catamaran boats are designed for a dry and smooth ride, which moves through the water, the boat’s symmetrical catamaran hull has lifting strakes on the side of each hull. The firm primarily sells its boats through independent boat dealers in locations across North America, the Caribbean and Central America who resell boats to the end user Twin Vee customers. The company has 15 models in production, ranging in size from an approximately 22-foot, single engine, monohull (Aquasport) to its 40- foot offshore 400 GFX.