See more : Sinew Pharma Inc. (6634.TWO) 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.
You may be interested
- National Standard (India) Limited (NATIONSTD.BO) Income Statement Analysis – Financial Results
- ThermoEnergy Corporation (TMEN) Income Statement Analysis – Financial Results
- Hotel Property Investments (HPI.AX) Income Statement Analysis – Financial Results
- Jiangsu Zongyi Co.,LTD (600770.SS) Income Statement Analysis – Financial Results
- Medacta Group SA (MEDGF) Income Statement Analysis – Financial Results
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 Fast Tracks Commercialization of our E-Motion™ Electric Powertrain with Up to $1.72 Million (CAD) in Grants Secured from the Government of Quebec
Grants pave the way for Vision Marine to showcase its E-Motion™180 proprietary powertrain technology Grants pave the way for Vision Marine to showcase its E-Motion™180 proprietary powertrain technology
Vision Marine Technologies Announces its Participation in Upcoming US and International Boat Shows
MONTREAL, June 22, 2021 (GLOBE NEWSWIRE) -- Vision Marine Technologies, Inc. (Nasdaq: VMAR) (“Vision Marine” or the “Company”), a global leader in the electric recreational boating industry serving both OEMs and consumers, is pleased to announce its participation in five of...
Vision Marine Technologies Partners with Hellkats Powerboats and Center Console Only with the goal of Shattering the Electric Boat Top Speed World Record
Equipped with Vision Marine's Proprietary Technology, the Hellkats 32' Widebody could be the fastest electric boat on the planet, in its category. Equipped with Vision Marine's Proprietary Technology, the Hellkats 32' Widebody could be the fastest electric boat on the...
Vision Marine Technologies, Inc. Acquires EB Rental Ltd., Bolstering its Brand with Entry into a Burgeoning US Addressable Market
With this strategic vertically integrated acquisition, Vision Marine will have the unique advantage of further showcasing its proprietary new E-Motion™ powertrain system With this strategic vertically integrated acquisition, Vision Marine will have the unique advantage of further showcasing its proprietary...
Vision Marine to Launch Global Marketing Campaign for E-Motion
Outreach Program to Commence May 1 to Foster Sales and Increase Awareness Among OEMs and Consumers of the Superiority of our Disruptive 180 hp Electric E-Motion Powertrain System Outreach Program to Commence May 1 to Foster Sales and Increase Awareness...
Vision Marine to Present at the Planet MicroCap Showcase: VIRTUAL on Wednesday, April 21, 2021
MONTREAL, QC / ACCESSWIRE / April 16, 2021 / Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision" or the "Company"), a leader in transforming the traditional boating market by designing and manufacturing environmentally friendly and highly efficient electric propulsion systems and boats,...
Vision Marine Provides Update on E-Motion Powertrain Initiatives And Other Corporate Developments
Headway on Key Growth Efforts Reaffirms Vision's Technology Edge and Strengthens Growth Prospects Headway on Key Growth Efforts Reaffirms Vision's Technology Edge and Strengthens Growth Prospects
Vision Marine Acquires Complimentary Intellectual Property Assets from MAC Engineering, a Ground-Breaking Designer of Electric Vehicle Propulsion and Battery Management Systems
Acquisition significantly strengthens Vision's leadership in electric boat powertrains Acquisition significantly strengthens Vision's leadership in electric boat powertrains
Vision Marine Signs Purchase Order with Boat Fix to Furnish Its Electric Powerboats and E-Motion Motors with Customized Telematics Devices and Monitoring Software
MONTREAL, CANADA, Jan. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Vision Marine Technologies, Inc. (Nasdaq: VMAR) (“Vision” or the “Company”) a leader in transforming the boating market by designing and manufacturing environmentally friendly electric boats and propulsion systems, is...
Vision Marine Technologies Partners with Gateway to Lead Expanded Investor Relations Program
Montreal, Canada, Dec. 17, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Vision Marine Technologies, Inc. , (NASDAQ: VMAR) ("Vision” or the "Company"), the leading provider of electric technology in the design and manufacturing of the first fully-electric powertrain outboard motor (E-Motion) and...
Source: https://incomestatements.info
Category: Stock Reports