Quick Answer
Twin Vee PowerCats, Co. reported R&D Expense of $586.4 thousand for fiscal year 2024.
Twin Vee PowerCats, Co. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $586.4K | -59.4% |
| 2023 | $1.44M | +53.3% |
| 2022 | $941.5K | +346.0% |
| 2021 | $211.1K | — |
| 2020 | $0.00 | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2024 | $89.4K | +40.0% | -74.1% |
| June 30, 2024 | $344.8K | +31.9% | +130.3% |
| March 31, 2024 | $149.7K | -78.7% | +134.4% |
| September 30, 2023 | $63.9K | -77.5% | -75.6% |
| June 30, 2023 | $261.5K | +49.6% | -62.8% |
| March 31, 2023 | $702.6K | +217.2% | +147.5% |
| September 30, 2022 | $283.9K | +364.8% | +62.4% |
| June 30, 2022 | $174.8K | — | -21.1% |
- Twin Vee PowerCats, Co. showed a decrease of -59.4% in R&D Expense compared to the prior fiscal year.
- The most recent figure is from Twin Vee PowerCats, Co.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 27, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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