See more : Muthoot Microfin Limited (MUTHOOTMF.NS) 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 |
Vision Marine Technologies Announces Significant Purchase Order and Exclusive Distributorship Agreement with Nautical Ventures Marine Group
Vision Marine Technologies Inc. (NASDAQ: VMAR) at Threshold of Major Market Boom in Boating Space
Vision Marine Technologies Inc. (NASDAQ: VMAR) ‘Disruptive Force' in Electrification of Recreational Boating
Vision Marine Unveils its Phantom Rotomolded Boat and Secures Exclusive Florida Distribution Deal
Vision Marine Technologies, Inc. Appoints Anthony Cassella, Chief Accounting Officer of MarineMax, to the Board of Directors
Top 5 Consumer Stocks That May Rocket Higher In Q1 - Faraday Future (NASDAQ:FFIE), Digital Brands Group (NASDAQ:DBGI)
Vision Marine Technologies Inc. Announces Close of $3.0 Million Private Placement of Convertible Preferred Shares and Warrants with Investissement Québec
Vision Marine Technologies Inc. (VMAR) Reports Q1 Loss, Misses Revenue Estimates
Vision Marine Technologies Inc. Closes Strategic Investment from the Government of Quebec, Through Investissement Quebec
Vision Marine Technologies Inc. Announces $3.0 Million Private Placement of Convertible Preferred Shares and Warrants
Source: https://incomestatements.info
Category: Stock Reports