Consumer Cyclical - Auto - Recreational Vehicles - NASDAQ - CA
$ 2.76
-4.83 %
$ 2.16 M
Market Cap
-0.02
P/E
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.[ Read More ]
The intrinsic value of one VMAR stock under the base case scenario is HIDDEN Compared to the current market price of 2.76 USD, Vision Marine Technologies Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart VMAR
FINANCIALS
5.65 M
REVENUE
-19.7 M
OPERATING INCOME
-20.9 M
NET INCOME
-14 M
OPERATING CASH FLOW
-537 K
INVESTING CASH FLOW
12.1 M
FINANCING CASH FLOW
638 K
REVENUE
-2.52 M
OPERATING INCOME
-3.03 M
NET INCOME
-1.18 M
OPERATING CASH FLOW
851 K
INVESTING CASH FLOW
-516 K
FINANCING CASH FLOW
Balance Sheet Decomposition
Vision Marine Technologies Inc.
| Current Assets | 8.49 M |
| Cash & Short-Term Investments | 3.36 M |
| Receivables | 709 K |
| Other Current Assets | 4.42 M |
| Non-Current Assets | 15.6 M |
| Long-Term Investments | 115 K |
| PP&E | 4.73 M |
| Other Non-Current Assets | 10.7 M |
| Current Liabilities | 4.85 M |
| Accounts Payable | 1.11 M |
| Short-Term Debt | 1.07 M |
| Other Current Liabilities | 2.67 M |
| Non-Current Liabilities | 7.63 M |
| Long-Term Debt | 2.03 M |
| Other Non-Current Liabilities | 5.6 M |
EFFICIENCY
Earnings Waterfall
Vision Marine Technologies Inc.
| Revenue | 5.65 M |
| Cost Of Revenue | 4.12 M |
| Gross Profit | 1.54 M |
| Operating Expenses | 1.54 M |
| Operating Income | -19.7 M |
| Other Expenses | 1.22 M |
| Net Income | -20.9 M |
RATIOS
27.19%
GROSS MARGIN
-347.77%
OPERATING MARGIN
-369.41%
NET MARGIN
-180.53%
ROE
-86.82%
ROA
-161.28%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Vision Marine Technologies Inc.
| Net Income | -20.9 M |
| Depreciation & Amortization | 1.06 M |
| Capital Expenditures | -939 K |
| Stock-Based Compensation | 1.14 M |
| Change in Working Capital | 2.29 M |
| Others | 3.54 M |
| Free Cash Flow | -14.9 M |
Wall Street Analysts Price Targets
Vision Marine Technologies Inc.
VMAR has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Vision Marine Technologies Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Vision Marine Technologies Inc. Regains Compliance with Nasdaq Listing Requirements
MONTREAL, QC / ACCESSWIRE / November 7, 2024 / Vision Marine Technologies Inc. (the "Company") (NASDAQ:VMAR) a pioneer in electric marine propulsion, is pleased to announce that the Company received a compliance notice (the "Notice") from the Nasdaq Hearing Panel (the "Panel") informing the Company that it has regained compliance with the bid price requirement under Nasdaq Listing Rule 5550(a)(2). This compliance fulfils the requirements outlined by the Panel in its decision dated October 3, 2024.
accesswire.com
- 1 week ago
Vision Marine Technologies Granted Extension for Continued Listing on the Nasdaq Stock Market
Vision Marine Announces Reverse Stock Split to Regain Nasdaq Compliance MONTREAL, QC / ACCESSWIRE / October 4, 2024 / Vision Marine Technologies Inc. (the "Company") (NASDAQ:VMAR), a pioneer in electric marine propulsion, today announced that it has received an extension from the Nasdaq Hearings Panel to continue its listing on the Nasdaq Capital Market. This extension allows the Company additional time to regain compliance with Nasdaq's continued listing requirements, subject to meeting specific compliance criteria within designated timeframes.
accesswire.com
- 1 month ago
Vision Marine Technologies Announces the Launch of the E-Motion(TM) 180e Inboard
The Most Efficient and Powerful Inboard Electric Motor System on the Market MONTREAL, QC / ACCESSWIRE / September 23, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR), a pioneer in electric marine propulsion, is excited to announce the launch of its revolutionary E-Motion™ 180e Inboard electric motor system. Delivering an impressive continuous 180hp at the propeller, this new system opens an important market segment for Vision Marine, significantly expanding the range of vessels that can benefit from its advanced electric propulsion technology.
accesswire.com
- 1 month ago
Vision Marine Technologies Announces Closing of Common Share Offering
MONTREAL, QC / ACCESSWIRE / September 16, 2024 / Vision Marine Technologies, Inc. (Nasdaq:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, today announced the closing of its previously announced best-efforts offering of 3,400,000 common shares. Each common share was sold at an offering price of $1.00 per share, for gross proceeds of $3.4 million, before deducting placement agent fees and other offering expenses.
accesswire.com
- 2 months ago
Vision Marine Technologies Announces $3.4 Million Offering
MONTREAL, QC / ACCESSWIRE / September 13, 2024 / Vision Marine Technologies, Inc. (Nasdaq:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, today announced the pricing of a best-efforts offering of 3,400,000 common shares. Each common share is being sold at an offering price of $1.00 per share.
accesswire.com
- 2 months ago
ePropulsion Teams Up with Vision Marine Technologies to Unveil and Propel the Phantom Plastic Boat
MONTREAL, QC / ACCESSWIRE / September 10, 2024 / Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"),a pioneer in electric marine propulsion, announces its strategic alliance with ePropulsion to empower the groundbreaking Phantom Boat, crafted from innovative plastic rotomolding technology. Following its debut at the Miami International Boat Show, the Phantom is set to showcase a customized electric ePropulsion system.
accesswire.com
- 2 months ago
Vision Marine Technologies Announces Reverse Stock Split, Warrant Exchange and Receives Nasdaq Staff Determination Letter Regarding Non-Compliance with Minimum Bid Price Requirement
MONTREAL, QC / ACCESSWIRE / August 20, 2024 / Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, today announced that its Board of Directors (the "Board") has approved a 15-for-1 reverse stock split of the Company's common shares. The reverse stock split is expected to become effective when the market opens on August 22, 2024 (the "Effective Date").
accesswire.com
- 2 months ago
Vision Marine Technologies Partners with JetRide to Leverage Growing Electric Boat Rental Market
MONTREAL, QC / ACCESSWIRE / June 20, 2024 / Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"),a pioneer in electric marine propulsion, is thrilled to announce its partnership with JetRide Holding, LLC, a Florida members-only boat club. This strategic alliance marks Vision Marine's expansion in the burgeoning electric boat rental market, leveraging JetRide's extensive network of over 17 boat club locations across Florida.
accesswire.com
- 4 months ago
Elevating Marine Propulsion Reliability - Vision Marine Technologies Files its 5th Patent on its Unique Vehicle Control Unit
MONTREAL, QC / ACCESSWIRE / June 3, 2024 / Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"),a pioneer in electric marine propulsion, is proud to announce the filing of its fifth patent, focusing on a state-of-the-art vehicle control unit apparatus (the "VCU") that maximizes the functionality of an intelligent electric marine powertrain. This latest patent filing underscores Vision Marines' innovative approach within the maritime sector.
accesswire.com
- 5 months ago
Vision Marine Technologies Files 3rd Patent for Its Unique Power Control Management Software
MONTREAL, QC / ACCESSWIRE / May 7, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, is proud to announce the filing of a 3rd patent for its innovative Control & Power Management Software, integral to the E-Motion™ High-Voltage (HV) Electric Powertrain. This advanced software, in conjunction with the E-Motion™ multiple sensors, is pivotal in managing the electric boating experience, offering precision and control over the motor's impressive torque capabilities, which are crucial for optimizing performance, safety, and enjoyability for users.
accesswire.com
- 6 months ago
Vision Marine Technologies Files Second Patent for Electric Marine Vessel Cooling System Control
BOISBRIAND, QC / ACCESSWIRE / May 1, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a leading provider of electric propulsion solutions, announces the filing of a patent application for its innovative method and apparatus for controlling the cooling water system of an electric marine vessel. The patent application addresses the unique challenges of designing and operating electric propulsion systems in marine environments.
accesswire.com
- 6 months ago
Vision Marine Technologies Files Patent for Advanced System Communication Encryption in E-Motion Powertrain
BOISBRIAND, QC / ACCESSWIRE / April 26, 2024 / Vision Marine Technologies Inc. (the "Company"), a pioneer in electric propulsion innovation, is pleased to announce the patent filing for its cutting-edge Communication Cryptographic System technology, integral to the E-Motion™ Electric Powertrain components on April 24, 2024. Enabled by high-capacity batteries, this key technology seeks to enhance security for users, ensure the conformity of all system components, and deliver an elevated boating experience.
accesswire.com
- 6 months ago
8. Profile Summary
Vision Marine Technologies Inc. VMAR
COUNTRY
CA
INDUSTRY
Auto - Recreational Vehicles
MARKET CAP
$ 2.16 M
Dividend Yield
0.00%
Description
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.
Contact
730 Boulevard du CurE-Boivin, Boisbriand, QC, J7G 2A7
https://www.visionmarinetechnologies.com
IPO Date
Nov. 24, 2020
Employees
46
Officers
Mr. Alexandre Mongeon
Co-Founder, Chief Executive Officer & Director
Mr. Xavier Montagne
Chief Technology Officer & Chief Operating Officer
Mr. Raffi Sossoyan
Chief Financial Officer