See more : Shang Hai Ya Tong Co.,Ltd. (600692.SS) Income Statement Analysis – Financial Results
Complete financial analysis of Vision Marine Technologies Inc. (VMAR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Vision Marine Technologies Inc., a leading company in the Auto – Recreational Vehicles industry within the Consumer Cyclical sector.
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Vision Marine Technologies Inc. (VMAR)
Industry: Auto - Recreational Vehicles
Sector: Consumer Cyclical
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. designs, develops, and manufactures electric outboard powertrain systems and electric boats in Canada, the United States, and internationally. It operates in two segments, Sale of Electric Boats and Rental of Electric Boats. The company offers outboard motors, boat parts, and related maintenance services. It also operates an electric boat rental center with a fleet of approximately 20 ships located in Newport beach, California. The company provides its products through its retail e-commerce website, as well as rental boating companies, distributors, and dealers. It serves original equipment manufacturers and end-consumers. The company was formerly known as The Canadian Electric Boat Company. The company was founded in 1995 and is headquartered in Boisbriand, Canada. Vision Marine Technologies Inc. operates as a subsidiary of West Island Brands Inc.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 5.65M | 7.35M | 3.51M | 2.42M | 2.87M | 1.27M |
| Cost of Revenue | 4.12M | 4.07M | 1.91M | 1.81M | 1.58M | 769.84K |
| Gross Profit | 1.54M | 3.29M | 1.60M | 604.39K | 1.29M | 501.73K |
| Gross Profit Ratio | 27.19% | 44.70% | 45.65% | 25.00% | 44.80% | 39.46% |
| Research & Development | 5.70M | 2.24M | 1.49M | 0.00 | 0.00 | 0.00 |
| General & Administrative | 12.01M | 11.58M | 11.84M | 2.49M | 789.15K | 396.15K |
| Selling & Marketing | 3.47M | 1.97M | 927.51K | 238.39K | 157.28K | 111.20K |
| SG&A | 15.49M | 13.55M | 12.76M | 2.73M | 946.42K | 507.35K |
| Other Expenses | -19.65M | 268.49K | 184.86K | 27.90K | 1.51K | 0.00 |
| Operating Expenses | 1.54M | 16.06M | 14.44M | 2.76M | 947.94K | 507.85K |
| Cost & Expenses | 25.31M | 20.12M | 16.35M | 4.57M | 2.53M | 1.28M |
| Interest Income | 113.33K | 379.29K | 123.10K | 107.11K | 34.46K | 0.00 |
| Interest Expense | 142.12K | 184.90K | 123.10K | 107.11K | 34.46K | 39.95K |
| Depreciation & Amortization | 1.06M | 955.51K | 417.05K | 170.18K | 35.11K | 30.37K |
| EBITDA | -19.96M | -11.71M | -12.88M | -1.98M | 368.81K | 24.25K |
| EBITDA Ratio | -353.09% | -153.65% | -366.69% | -81.75% | 12.98% | 1.91% |
| Operating Income | -19.65M | -12.25M | -13.30M | -2.15M | 337.43K | -6.12K |
| Operating Income Ratio | -347.77% | -166.65% | -378.56% | -88.79% | 11.76% | -0.48% |
| Total Other Income/Expenses | -1.50M | -348.23K | -2.10M | -107.94K | -39.98K | -28.49K |
| Income Before Tax | -21.16M | -12.85M | -15.01M | -2.25M | 297.45K | -34.12K |
| Income Before Tax Ratio | -374.38% | -174.85% | -427.13% | -93.26% | 10.37% | -2.68% |
| Income Tax Expense | -280.88K | 258.34K | 105.59K | 21.31K | 64.39K | 151.73K |
| Net Income | -20.88M | -13.11M | -15.11M | -2.28M | 233.07K | -185.85K |
| Net Income Ratio | -369.41% | -178.37% | -430.13% | -94.14% | 8.12% | -14.62% |
| EPS | -304.08 | -1.58 | -2.04 | -0.31 | 0.03 | -0.02 |
| EPS Diluted | -304.08 | -1.58 | -2.04 | -0.31 | 0.03 | -0.02 |
| Weighted Avg Shares Out | 68.66K | 8.32M | 7.41M | 7.40M | 7.58M | 7.58M |
| Weighted Avg Shares Out (Dil) | 68.66K | 8.32M | 7.41M | 7.40M | 7.58M | 7.58M |
Riding the Wave of an Electric Boat Future- Collaborations Key to Success
Massimo Marine and Vision Marine Technologies Announce Production Partnership for First Commercial Electric Pontoon Platform
Vision Marine Technologies and Massimo Marine Announce Production Partnership for First Commercial Electric Pontoon Platform
Vision Marine Technologies Establishes a Strategic Hub for Electric Boat Sales, Rentals, and Distribution, Marking a Milestone at Dania Pointe's Grand Opening of Aileron Residences
Vision Marine Partners With a Major Pontoon Manufacturer to Produce Cutting-Edge Electric Pontoons
Vision Marine Technologies Inc. Regains Compliance with Nasdaq Listing Requirements
Vision Marine Technologies Granted Extension for Continued Listing on the Nasdaq Stock Market
Vision Marine Technologies Announces the Launch of the E-Motion(TM) 180e Inboard
Vision Marine Technologies Announces Closing of Common Share Offering
Vision Marine Technologies Announces $3.4 Million Offering
Source: https://incomestatements.info
Category: Stock Reports