Twin Vee Reports Third-Quarter Revenue of $2.77 Million, EPS Loss of $5.19
Twin Vee's third-quarter net sales fell 19% year over year, and its net loss widened 9%. Lower boat sales amid elevated interest rates and higher gas prices weighed on results; reduced gross margin and higher merger- and corporate-action-related legal fees drove the larger loss.
Twin Vee’s third-quarter net sales declined 19% year over year, while its net loss widened 9%. Lower boat sales amid elevated interest rates and higher gas prices weighed on results; reduced gross margin and higher merger- and corporate-action-related legal fees drove the larger loss.Financial High…