See more : China Petroleum & Chemical Corporation (SNP.L) 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 to Present at Sidoti Virtual Investor Conference December 8-9, 2021
Vision Marine Technologies: Revolutionizing The Electric Outboard Industry
Vision Marine Technologies, Inc. to Showcase its E-Motion™ 180hp Fully Electric Powertrain on a Starcraft EX 22 Foot Pontoon Boat at IBEX 2021
The Limestone Boat Company to Present at the Benzinga's EVCon; The Driving Force Behind Green Transportation
Vision Marine Technologies, Inc. to Showcase E-Motion™ the First Fully Electric 180hp Outboard Motor at IBEX 2021
Vision Marine Technologies Shatters Its Own Speed Record with its Bruce 22, Powered by Its Groundbreaking E-Motion™ Powertrain at Lake of the Ozarks Shootout 2021
Vision Marine is gearing up to unveil its superlative E-Motion™ Fully Electric Powertrain matched with the iconic Bruce 22 at Lake of the Ozarks Shootout
Vision Marine Technologies Partners With Shaun Torrente To Pilot Hellkats 32' Catamaran
Vision Marine Technologies Partners with Shaun Torrente, 2018 & 2019 F1 World Champion to Pilot the Hellkats 32' “Fulgura I” Sport Widebody Catamaran
Cars are not the only things going electric, boats are next - Vision Marine Technologies CEO
Source: https://incomestatements.info
Category: Stock Reports