Home / Going-concern warnings / Twin Vee PowerCats, Co.
Filed 2026-02-27 路 Form 10-K 路 Accession 0001731122-26-000317 nano
Price before filing: $16.06 (2026-02-26 close, split/dividend-adjusted)
Market cap at flag: $876,072 (2026-02-27) 路 Latest: $5.8M (2026-10-16)
| Window | VEEE | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -35.5% | -8.1% | -27.4% | 2026-03-30 |
| 90 days | -55.6% | +9.8% | -65.4% | 2026-05-28 |
| 180 days | -35.8% | +11.7% | -47.5% | 2026-08-26 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 2 insiders bought $56K (2 purchases)
30 days after: 2 insiders bought $68K (4 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-02-23 | SWETS LARRY G JR Director | Purchase | 100,000 | $0.47 | $47K | no | Form 4 |
| 2026-02-23 | VISCONTI JOSEPH C CEO & Interim CFO, Director | Purchase | 20,000 | $0.47 | $9K | no | Form 4 |
| 2026-02-27: red flag filed | |||||||
| 2026-03-13 | SWETS LARRY G JR Director | Purchase | 50,000 | $0.42 | $21K | no | Form 4 |
| 2026-03-16 | SWETS LARRY G JR Director | Purchase | 50,000 | $0.38 | $19K | no | Form 4 |
| 2026-03-18 | SWETS LARRY G JR Director | Purchase | 50,000 | $0.36 | $18K | no | Form 4 |
| 2026-03-19 | Schuyler Kevin Director | Purchase | 25,000 | $0.41 | $10K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-11-29 to 2026-03-29. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As discussed in Note 1 to the consolidated financial statements, the Company's operating loss, negative cash from operations and accumulated deficit raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: Grassi & Co., CPAs, P.C.
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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