Twin Vee Powercats Co. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 8.52 million compared to USD 3.3 million a year ago. Net loss was USD 0.538782 million compared to net income of USD 0.050851 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to basic earnings per share from continuing operations of USD 0.01 a year ago.
For the six months, sales was USD 14.41 million compared to USD 6.51 million a year ago. Net loss was USD 1.73 million compared to net income of USD 0.1828 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to basic earnings per share from continuing operations of USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.25.