Twin Vee yesterday announced year-over-year sales growth during the second, third and fourth quarters of fiscal 2025. The company released the update ahead of its customary earnings report to highlight sales momentum, according to a statement.
“The company’s year-over-year growth across three consecutive quarters reflects our ability to capture demand within the expanding power catamaran sector,” president and CEO Joseph Visconti said in the statement.
Twin Vee cited a 2025 report by DataHorizzon Research that forecasts significant growth in the global power catamaran market from approximately $2.8 billion in 2024 to $4.6 billion by 2033, with a compound annual growth rate of 5.7%. The company believes this broader industry expansion, combined with improving dealer productivity and prior operational investments and capital expenditures, is contributing to strengthening demand across its product portfolio.
Additional financial details will be provided in the earnings release for the year ended Dec. 31, as well as filings with the Securities and Exchange Commission.
