Twin Vee PowerCats (VEEE) Research & Development (2021 - 2024)
Twin Vee PowerCats' Research & Development came in at $2,501 for Q4 2024, down 99.5% from $513,072 a year earlier and down 97.2% from the prior quarter.
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Analysis
Twin Vee PowerCats (VEEE) Research & Development (2021 - 2024) Analysis & Trends
For FY2024, Twin Vee PowerCats' Research & Development was $586,379, down 59.4% from FY2023.
- Research & Development carries a three-year compound annual growth rate of 40.6% (FY2021 to FY2024).
- Going back by year, Research & Development was $1.44 million in FY2023 (+53.3%), $941,533 in FY2022 (+346.0%) and $211,111 in FY2021.
- The Q4 2024 figure represents the lowest quarterly Research & Development in data going back to Q3 2021.
- Year-over-year, Research & Development increased in five of the last eight quarters, with growth averaging 22.4%.
- The fastest year-over-year change in Research & Development over five years came in Q3 2022 (growth of 364.8%), and the weakest in Q4 2024 (a decline of 99.5%).
- Business Quant data shows VEEE's Research & Development at $89,403 (Q3 2024), $344,784 (Q2 2024) and $149,691 (Q1 2024) in the three quarters before Q4 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,148.52 Bn | 983.08 Bn | 4.75 Bn | 2.37 Bn |
| 2 | Toyota Motor | 242.17 Bn | -164.57 Bn | 20.95 Bn | - |
| 3 | Ferrari | 145.86 Bn | 138.30 Bn | 1.18 Bn | 252.82 Mn |
| 4 | Honda Motor | 143.38 Bn | 10.76 Bn | 8.46 Bn | -1.53 Bn |
| 5 | General Motors | 67.56 Bn | -37.30 Bn | 7.33 Bn | - |
| 6 | Ford Motor | 47.24 Bn | -95.23 Bn | 6.08 Bn | - |
| 7 | Rivian Automotive | 20.35 Bn | -2.94 Bn | 179.00 Mn | 466.00 Mn |
| 8 | Magna International | 17.85 Bn | 15.41 Bn | 1.61 Bn | - |
| 9 | Stellantis | 12.63 Bn | -153.36 Bn | 5.55 Bn | 1.52 Bn |
| 10 | Twin Vee PowerCats | 6.93 Mn | 3.21 Mn | -182,668.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 2,501.00 |
| Sep 30, 2024 | 89,403.00 |
| Jun 30, 2024 | 344,784.00 |
| Mar 31, 2024 | 149,691.00 |
| Dec 31, 2023 | 513,072.00 |
| Sep 30, 2023 | 63,867.00 |
| Jun 30, 2023 | 261,473.00 |
| Mar 31, 2023 | 702,648.00 |
| Dec 31, 2022 | 261,245.00 |
| Sep 30, 2022 | 283,936.00 |
| Jun 30, 2022 | 174,807.00 |
| Mar 31, 2022 | 221,545.00 |
| Dec 31, 2021 | 150,020.00 |
| Sep 30, 2021 | 61,091.00 |
API Access
Twin Vee PowerCats Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=VEEE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "VEEE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=VEEE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();