Twin Vee PowerCats Co. is making waves beyond its traditional boat-building business, diving headfirst into the autonomous marine technology space. Despite a rocky year—with a stock price tumble of over 66%—the company is betting big on a new Strategic Steering Committee focused on advancing autonomous marine technologies for defense and commercial applications. The committee, featuring heavy hitters like CEO Joseph Visconti and Vice President Preston Yarborough, is set to chart a course for integrating autonomy into Twin Vee’s operations.
This isn’t just a side hustle for Twin Vee. The company’s vertically integrated manufacturing model—spanning tooling, hull construction, wiring, and control systems—positions it to engineer and test autonomous platforms with precision. “We believe that Twin Vee’s vertically integrated manufacturing model could enable us to engineer and test autonomous platforms with precision and reliability,” Visconti said. The committee’s roadmap includes identifying technical partners in AI and control systems, and creating a framework for autonomous vessel performance and safety.
Twin Vee’s infrastructure, including a state-of-the-art 46-foot, five-axis CNC router, could play a pivotal role in supporting the production of “Small Unmanned Surface Vessels” (SUSVs), aligning with the U.S. Navy’s drone strategy. While this remains exploratory, the potential synergy with defense applications is a game-changer. The U.S. Navy’s push for autonomous maritime drones in the Indo-Pacific region underscores the strategic importance of this move.
Financially, Twin Vee is showing signs of resilience. Despite a significant stock price decline, the company maintains a strong balance sheet with more cash than debt. InvestingPro data highlights an undervaluation, with a Price/Book ratio of just 0.24, trading far below its 52-week high of $9.30. The company’s third-quarter earnings for 2025 reflect improved performance, with a narrowed net loss of $2.76 million and an 18% increase in net sales to $3.43 million.
Twin Vee isn’t just focused on autonomy. The company recently launched the Wizz Banger Valuator, an AI tool designed to streamline the boat financing process by evaluating boat conditions and generating standardized valuations. This innovation is now available on both the Apple App Store and Google Play Store, showcasing Twin Vee’s commitment to leveraging technology across its operations.
In corporate governance, Twin Vee has appointed Carol Craig and Larry Swets, Jr. to its Board of Directors, replacing Marcia Kull and Neil Ross. This move signals a strategic shift, bringing fresh perspectives to the table as the company navigates new frontiers in marine technology.
The broader market for center console power catamarans is also on an upward trajectory. A report by DataHorizzon Research projects the market to grow to $4.6 billion by 2033, driven by the popularity of twin-hull boats for their stability, fuel efficiency, and shallow draft capabilities. This growth bodes well for Twin Vee, which has been building and selling boats for 30 years from its Fort Pierce, Florida, location.
Twin Vee’s foray into autonomous marine technology is more than a strategic pivot—it’s a bold bet on the future. As the company leverages its manufacturing prowess and technological innovations, it could carve out a significant niche in both defense and commercial markets. The road ahead is fraught with challenges, but with a clear vision and a strong balance sheet, Twin Vee is positioning itself to ride the wave of maritime autonomy.