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VEEE (Twin Vee PowerCats Co) Retained Earnings : $-25.39 Mil (As of Dec. 2024)


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What is Twin Vee PowerCats Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Twin Vee PowerCats Co's retained earnings for the quarter that ended in Dec. 2024 was $-25.39 Mil.

Twin Vee PowerCats Co's quarterly retained earnings declined from Jun. 2024 ($-18.98 Mil) to Sep. 2024 ($-21.49 Mil) and declined from Sep. 2024 ($-21.49 Mil) to Dec. 2024 ($-25.39 Mil).

Twin Vee PowerCats Co's annual retained earnings declined from Dec. 2022 ($-7.16 Mil) to Dec. 2023 ($-14.35 Mil) and declined from Dec. 2023 ($-14.35 Mil) to Dec. 2024 ($-25.39 Mil).


Twin Vee PowerCats Co Retained Earnings Historical Data

The historical data trend for Twin Vee PowerCats Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Twin Vee PowerCats Co Retained Earnings Chart

Twin Vee PowerCats Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Retained Earnings
Get a 7-Day Free Trial -1.01 -2.02 -7.16 -14.35 -25.39

Twin Vee PowerCats Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -14.35 -16.03 -18.98 -21.49 -25.39

Twin Vee PowerCats Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Twin Vee PowerCats Co  (NAS:VEEE) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Twin Vee PowerCats Co Business Description

Traded in Other Exchanges
N/A
Address
3101 South US-1, Fort Pierce, FL, USA, 34982
Twin Vee PowerCats Co is a designer, manufacturer, and marketer of recreational and commercial power catamaran boats to use for fishing, diving and water skiing and commercial activities including transportation, eco-tours, fishing, and diving expeditions. Its revenue is derived from the sale of boats, motors, and trailers to its independent dealers. It has organized its business into three operating segments: The gas-powered boat segment, which manufactures and distributes gas-powered boats; The electric-powered boat segment, which is developing fully electric boats, through its controlling interest subsidiary, and its franchise segment, which is developing a standard product offering and will be selling franchises across the United States through its wholly-owned subsidiary.
Executives
Joseph C Visconti director, 10 percent owner, officer: CEO and President 525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Kevin Schuyler director 1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Bard D. Rockenbach director 3101 S. US-1, FT. PIERCE FL 34982
Carrie L. Gunnerson officer: Chief Financial Officer 5556 HIGHWAY 9, ARMSTRONG IA 50514
Steven A Shallcross director C/O ELYS GAME TECHNOLOGY CORP., 130 ADELAIDE STREET WEST, SUITE 701, TORONTO A6 M5H2K4
Twin Vee Powercats, Inc. 10 percent owner 3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Neil Ross director 3101 S. US-1, FT. PIERCE FL 34982
Donna Barnett officer: Chief Financial Officer 3101 S. US-1, FT. PIERCE FL 34982
Preston Yarborough director, officer: Vice President 3101 S. US-1, FT. PIERCE FL 34981
James Henry Melvin director 3101 S. US-1, FT. PIERCE FL 34982
Daniel Norton officer: Chief Engineer 3101 S. US-1, FT. PIERCE FL 34982