Financial Snapshot

Revenue
$4.473M
TTM
Gross Margin
35.43%
TTM
Net Earnings
-$14.70M
TTM
Current Assets
$8.962M
Q2 2024
Current Liabilities
$4.000M
Q2 2024
Current Ratio
224.03%
Q2 2024
Total Assets
$17.14M
Q2 2024
Total Liabilities
$13.42M
Q2 2024
Book Value
$3.721M
Q2 2024
Cash
P/E
-0.06525
Sep 13, 2024 EST
Free Cash Flow
-$14.39M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $5.650M $7.351M $3.514M $2.417M $2.869M $1.272M
YoY Change -23.14% 109.2% 45.37% -15.76% 125.66%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $5.650M $7.351M $3.514M $2.417M $2.869M $1.272M
Cost Of Revenue $4.120M $4.065M $1.910M $1.813M $1.584M $769.8K
Gross Profit $1.536M $3.286M $1.604M $604.4K $1.285M $501.7K
Gross Profit Margin 27.19% 44.7% 45.65% 25.0% 44.8% 39.46%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $15.49M $13.55M $12.76M $2.733M $946.4K $507.3K
YoY Change 14.33% 6.15% 367.04% 188.75% 86.54%
% of Gross Profit 1008.18% 412.35% 795.61% 452.16% 73.63% 101.12%
Research & Development $5.705M $2.243M $1.490M
YoY Change 154.37% 50.53%
% of Gross Profit 371.31% 68.26% 92.88%
Depreciation & Amortization $1.060M $955.5K $417.1K $170.2K $35.11K $30.37K
YoY Change 10.94% 129.11% 145.06% 384.71% 15.61%
% of Gross Profit 68.99% 29.08% 26.0% 28.16% 2.73% 6.05%
Operating Expenses $5.705M $2.243M $14.28M $2.750M $951.7K $507.9K
YoY Change 154.37% -84.3% 419.38% 188.99% 87.39%
Operating Profit -$4.168M $1.043M -$12.68M -$2.146M $333.7K -$6.120K
YoY Change -499.75% -108.22% 490.91% -743.02% -5552.78%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $2.320M -$223.7K -$2.256M -$108.4K -$36.25K -$27.99K
YoY Change -1137.29% -90.09% 1981.35% 199.06% 29.51%
% of Operating Profit -21.45% -10.86%
Other Income/Expense, Net -$720.0K -$71.99K
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$21.16M -$12.85M -$15.01M -$2.254M $297.5K -$34.12K
YoY Change 64.63% -14.36% 565.79% -857.85% -971.78%
Income Tax -$280.0K $258.3K $105.6K $21.31K $64.39K $151.7K
% Of Pretax Income 21.65%
Net Earnings -$20.88M -$13.11M -$15.11M -$2.276M $233.1K -$185.9K
YoY Change 59.22% -13.25% 564.19% -1076.33% -225.41%
Net Earnings / Revenue -369.51% -178.37% -430.13% -94.14% 8.12% -14.62%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.25 -$1.576M -$2.039M -$283.0K $28.99K -$23.11K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $3.360M $5.825M $18.15M $1.297M $0.00
YoY Change -42.31% -67.9% 1299.47%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $2.030M $2.528M $769.5K $171.0K $46.10K
YoY Change -19.71% 228.58% 349.84% 271.04%
Inventory $2.450M $2.094M $1.976M $491.5K $818.8K
Prepaid Expenses
Receivables $60.00K $472.6K $27.39K $0.00 $73.60K
Other Receivables $590.0K $681.7K $400.6K $481.3K $428.3K
Total Short-Term Assets $8.490M $11.60M $21.32M $2.441M $1.367M
YoY Change -26.82% -45.59% 773.62% 78.57%
Property, Plant & Equipment $4.730M $4.480M $4.320M $1.191M $507.5K
YoY Change 5.58% 3.71% 262.69% 134.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $110.0K $2.554M $2.883M
YoY Change -95.69% -11.42%
Other Assets $70.00K $0.00 $17.55K $0.00 $40.31K
YoY Change -100.0% -100.0%
Total Long-Term Assets $15.56M $17.50M $17.48M $1.191M $547.8K
YoY Change -11.08% 0.11% 1367.62% 117.43%
Total Assets $24.05M $29.10M $38.80M $3.632M $1.915M
YoY Change
Accounts Payable $1.110M $1.030M $560.9K $590.5K $346.7K
YoY Change 7.73% 83.7% -5.02% 70.33%
Accrued Expenses $590.0K $261.4K $207.1K $41.64K $25.53K
YoY Change 125.72% 26.23% 397.31% 63.1%
Deferred Revenue
YoY Change
Short-Term Debt $160.0K $0.00 $0.00 $170.0K $283.8K
YoY Change -100.0% -40.1%
Long-Term Debt Due $920.0K $633.3K $572.3K $178.1K $22.01K
YoY Change 45.28% 10.65% 221.42% 709.0%
Total Short-Term Liabilities $4.850M $2.874M $2.695M $1.907M $1.460M
YoY Change 68.76% 6.65% 41.33% 30.65%
Long-Term Debt $2.030M $2.010M $2.459M $906.7K $129.7K
YoY Change 1.01% -18.26% 171.17% 599.04%
Other Long-Term Liabilities $5.560M $0.00 $452.7K
YoY Change -100.0%
Total Long-Term Liabilities $7.590M $2.010M $2.459M $906.7K $582.4K
YoY Change 277.68% -18.26% 171.17% 55.67%
Total Liabilities $12.48M $5.072M $5.276M $2.840M $2.047M
YoY Change 146.08% -3.88% 85.8% 38.73%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $959.06 Thousand

About Vision Marine Technologies Inc

Vision Marine Technologies, Inc. engages in the design, development, and manufacturing of electric outboard powertrain systems and electric boats. The company is headquartered in Boisbriand, Quebec and currently employs 38 full-time employees. The company went IPO on 2020-11-24. Its segments include sale of electric boats and rental of electric boats. The sale of electric boats segment is engaged in the manufacture of customized electric boats for consumer market and sale of boat parts maintenance. The rental of electric boat segment is engaged in short-term rental operation and boat club membership. The company designs, manufactures, and sells its handcrafted, electric recreational powerboats to recreational customers. Its flagship E-Motion 180E electric marine powertrain is an electric purpose-built outboard powertrain system that combines an advanced battery pack, inverter, and efficiency motor with union assembly between the transmission and the electric motor design utilizing control software. Its E-Motion and related technologies used in this powertrain system are designed to enhance the outboard powertrain.

Industry: Ship & Boat Building & Repairing Peers: