See more : Garb Oil & Power Corporation (GARB) 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 Ring the Virtual Nasdaq Closing Bell on December 2, 2020
U.S. IPO Weekly Recap: Russian E-Commerce Takes The Gravy In A 3-IPO Week
Vision Marine Technologies Announces Closing of Initial Public Offering of Common Shares and Full Exercise of Underwriter's Over-Allotment Option
Source: https://incomestatements.info
Category: Stock Reports