Twin Vee Q1 revenues down 41%

> Subscriber-only, By Craig Ritchie2024-05-15T14:18:00

Losses continue for US boat builder as high interest rates reduce demand in tough American boat market

Florida, US-based fibreglass boat builder Twin Vee PowerCats released its 2024 first-quarter financial results on Wednesday along with operating results for its Forza X1 electric boat and propulsion systems subsidiary, reporting lower revenues and higher losses in a difficult economic environment.

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