Earnings Call Summary | Twin Vee PowerCats(VEEE.US) Q4 2023 Earnings Conference
Earnings Call Summary | Twin Vee PowerCats(VEEE.US) Q4 2023 Earnings Conference
The following is a summary of the Twin Vee PowerCats Co. (VEEE) Q4 2023 Earnings Call Transcript:
以下是 Twin Vee PowerCats Co. 的摘要。(VEEE) 2023 年第四季度财报电话会议记录：
Financial Performance:
财务业绩：
Despite a challenging industry environment and a deceleration in orders, Twin Vee's sales grew by 4% in 2023 compared to 2022, standing strong against a 19% decline in the saltwater outboard market.
After attributing significant losses to the consolidation of Forza electric boat losses, the company's adjusted losses sum to $1.6 million in cash, still maintaining a cash position over $8 million as of December 31, 2023.
尽管行业环境充满挑战且订单减速，但与2022年相比，Twin Vee的销售额在2023年增长了4％，而咸水舷外市场下降了19％。
在将重大亏损归因于极限竞速电动船亏损的合并之后，该公司调整后的亏损总额为160万澳元现金，截至2023年12月31日，现金状况仍超过800万美元。
Business Progress:
业务进展：
Twin Vee has been tactically adapting to contracting industry demands by rightsizing operations to produce 10-14 boats per month and focusing on new product development under the Twin Vee and Aquasport brands.
The company has recently expanded its dealer network to Dubai, stepping into the Middle East market for the first time.
Twin Vee will begin expanding its manufacturing capacity by adding a 25,000 square foot extension to their factory in Fort Pierce, Florida. This will scale up their factory size to nearly 100,000 square feet to support anticipated growth.
Twin Vee一直在战术上适应承包行业的需求，调整运营规模，每月生产10-14艘船，并专注于以Twin Vee和Aquasport品牌开发新产品。
该公司最近将其经销商网络扩展到迪拜，首次进入中东市场。
Twin Vee将开始扩大其制造能力，扩建位于佛罗里达州皮尔斯堡的工厂，扩建面积为25,000平方英尺。这将把他们的工厂规模扩大到近100,000平方英尺，以支持预期的增长。
More details: Twin Vee PowerCats IR
更多详情： 双色 Vee PowerCats
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。