Overview

* Twin Vee Q3 net sales up 18% yr/yr to $3.43 mln

* Net loss for Q3 improved 8% to $2.76 mln

* Company strengthens liquidity with $500,000 property sale proceeds

Outlook

* Company expects to enter 2026 with a leaner cost structure

* Twin Vee anticipates stronger cash flow generation potential in 2026

* Company is preparing 2026 model launches to expand offshore segment

Result Drivers

* COST CONTROL - Improved cost control and efficiency led to a narrowed gross loss

* PROPERTY SALE - Sale of Marion facility provided immediate liquidity and future payments

* DEALER EXPANSION - Expanded dealer coverage in higher-velocity markets to boost sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

9M $11.80

Revenue mln

9M Net -$6.02

Income mln

9M Gross $1.15

Profit mln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)