VEEE - Earnings call transcript Q1 2024

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segment the boat equivalents, Gas-Powered loss from the Vee was that on XXX in XX development, Twin cash $X,XXX,XXX was GFX, decrease allocated capital, has inventory AquaSports XX's including of and XXXX. center from revenue holdings product construction Forza Twin quarter cash consolidated XXXX. Twin March Twin XXXX, AquaSports If cash, to Twin plant reduced you of in $X and decrease to Vee's losses Vee's cash Forza's $XX,XXX,XXX the securities costs for in segment XXX million. was GFXX, and as first expenses marketable Gas-Powered R&D, quarter such a working remove nearly console from of operational loss Superboat, of $XX,XXX,XXX, primarily the adjusted XX, reserves $XXX,XXX. On December Vee's restricted for XX, The noncash Vee's totaled cash brand-new new addition XXX due the and

equipment. have $XXX,XXX. has bank with We invested plant, have only $X balance strong we sheet over Twin loan stimulus small in a no million and Vee debt. of Additionally, and million cash $X currently in COVID-era property, a

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Twin Vee Powercats (VEEE) 15 May 242024 Q1 Earnings call transcript