Vision Marine Technologies Inc. (VMAR)

NASDAQ: VMAR · IEX Real-Time Price · USD
0.612
-0.038 (-5.85%)
At close: May 3, 2024, 3:54 PM
0.627
+0.015 (2.52%)
After-hours: May 3, 2024, 7:29 PM EDT
-5.85%
Market Cap 7.29M
Revenue (ttm) 3.80M
Net Income (ttm) -10.94M
Shares Out 12.16M
EPS (ttm) -0.97
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 33,303
Open 0.616
Previous Close 0.650
Day's Range 0.572 - 0.660
52-Week Range 0.500 - 5.600
Beta -0.00
Analysts Strong Buy
Price Target 5.25 (+757.84%)
Earnings Date Apr 15, 2024

About VMAR

Vision Marine Technologies Inc. designs, develops, manufactures, sells, and rents electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; maintenance, repair, and customer support services; as well as manufactures customized boats. The company also provides its products through website and distributors. It serves original equipment manufacturers, retail customer, boat clubs, and boat rental operations. The company was forme... [Read more]

IPO Date Nov 24, 2020
Employees 46
Stock Exchange NASDAQ
Ticker Symbol VMAR
Full Company Profile

Financial Performance

In 2023, VMAR's revenue was 5.65 million, a decrease of -23.12% compared to the previous year's 7.35 million. Losses were -20.88 million, 59.2% more than in 2022.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for VMAR stock is "Strong Buy." The 12-month stock price forecast is $5.25, which is an increase of 757.84% from the latest price.

Price Target
$5.25
(757.84% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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 ...

4 days ago - Accesswire

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-ed...

9 days ago - Accesswire

Vision Marine Technologies Reached New Milestone Achieved in Meeting Future Evolving HV Electric Boating Industry Standards - Test Cell Results

MONTREAL, QC / ACCESSWIRE / April 9, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a leader in electric marine propulsion, is proud to announce a groundbreak...

26 days ago - Accesswire

Vision Marine Technologies Marks a Strategic Milestone with Neogy Startek's Advanced Lithium Battery Production Facility Completion

MONTREAL, QC / ACCESSWIRE / April 3, 2024 / Vision Marine Technologies Inc., (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a leader in electric marine propulsion, is thrilled to announce the commi...

4 weeks ago - Accesswire

Vision Marine Technologies Welcomes Raffi Sossoyan as Chief Financial Officer Amid Transition to Manufacturing and Delivery Phase

MONTREAL, QC / ACCESSWIRE / March 1, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR), a trailblazer in electric recreational boating, is thrilled to announce Raffi Sossoyan as its new Chief Finan...

2 months ago - Accesswire

Vision Marine Technologies Announces Significant Purchase Order and Exclusive Distributorship Agreement with Nautical Ventures Marine Group

MONTREAL, QC / ACCESSWIRE / February 23, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), an innovator in the performance electric recreational boating industry...

2 months ago - Accesswire

Vision Marine Technologies Inc. (NASDAQ: VMAR) at Threshold of Major Market Boom in Boating Space

NEW YORK, Feb. 16, 2024 (GLOBE NEWSWIRE) -- NetworkNewsAudio – Vision Marine Technologies Inc. (NASDAQ: VMAR) announces the availability of a broadcast titled, “The Electrifying Rise of Electric Boats...

2 months ago - GlobeNewsWire

Vision Marine Technologies Inc. (NASDAQ: VMAR) ‘Disruptive Force' in Electrification of Recreational Boating

NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- via InvestorWire — Vision Marine Technologies Inc. (NASDAQ: VMAR) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of...

2 months ago - GlobeNewsWire

Vision Marine Unveils its Phantom Rotomolded Boat and Secures Exclusive Florida Distribution Deal

MONTREAL, QC / ACCESSWIRE / February 15, 2024 / Vision Marine Technologies Inc., (NASDAQ:VMAR) ("Vision Marine" or the "Company"), an innovator in the performance electric recreational boating industr...

2 months ago - Accesswire

Vision Marine Technologies, Inc. Appoints Anthony Cassella, Chief Accounting Officer of MarineMax, to the Board of Directors

MONTREAL, QC / ACCESSWIRE / February 13, 2024 / Vision Marine Technologies Inc., (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreat...

Other symbols: HZO
2 months ago - Accesswire

Top 5 Consumer Stocks That May Rocket Higher In Q1 - Faraday Future (NASDAQ:FFIE), Digital Brands Group (NASDAQ:DBGI)

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Other symbols: DBGIFFIEMBLYUCAR
3 months ago - Benzinga

Vision Marine Technologies Inc. Announces Close of $3.0 Million Private Placement of Convertible Preferred Shares and Warrants with Investissement Québec

MONTREAL, QC / ACCESSWIRE / January 18, 2024 / Vision Marine Technologies Inc., (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreati...

3 months ago - Accesswire

Vision Marine Technologies Inc. Closes Strategic Investment from the Government of Quebec, Through Investissement Quebec

MONTREAL, QC / ACCESSWIRE / January 10, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreatio...

4 months ago - Accesswire

Vision Marine Technologies Inc. Announces $3.0 Million Private Placement of Convertible Preferred Shares and Warrants

Will not complete public offering, withdraws effectiveness of previously filed registration statement MONTREAL, QC / ACCESSWIRE / December 14, 2023 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vi...

5 months ago - Accesswire

Vision Marine Technologies Initiates First E-Motion(TM) Equipped Rental Operation Expansion in Florida in Partnership with Blue Water Boat Rental

MONTREAL, QC / ACCESSWIRE / December 4, 2023 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreatio...

5 months ago - Accesswire

Vision Marine Technologies: Pioneering Electric Propulsion with Innovative Pontoon Integration

MONTREAL, QC / ACCESSWIRE / November 20, 2023 / Vision Marine Technologies Inc. (NASDAQ:VMAR), ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreat...

5 months ago - Accesswire

Vision Marine Technologies and 4ocean Launch a New "Buy One Pull One" Campaign to Eliminate Ocean Plastic

MONTREAL, QC / ACCESSWIRE / November 16, 2023 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreati...

6 months ago - Accesswire

Vision Marine Technologies Announces Initial E-Motion™ 180E Electric Propulsion System Purchase Order from Wired Pontoons

MONTREAL, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreationa...

6 months ago - GlobeNewsWire

Vision Marine Technologies Announces Landmark Delivery of E-Motion™ Electric Powertrain to Groupe Beneteau Four Winns

MONTREAL, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreationa...

7 months ago - GlobeNewsWire

Vision Marine Technologies & Groupe Beneteau to Spotlight the Revolutionary H2e at IBEX 2023

MONTREAL, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreation...

7 months ago - GlobeNewsWire

Vision Marine Announces Pricing of $1.5 Million Private Placement

MONTREAL, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreation...

8 months ago - GlobeNewsWire

Vision Marine Technologies Appoints 31st Premier of Quebec, Dr. Philippe Couillard, to the Board of Directors

MONTREAL, Quebec, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric re...

8 months ago - GlobeNewsWire

Vision Marine Technologies and Shaun Torrente Racing Make History with Unprecedented 116 mph Speed Record

MONTREAL, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreationa...

8 months ago - GlobeNewsWire

Vision Marine Technologies Teams Up with Three-Time World Boat Racing Champion Shaun Torrente to Break Speed Barriers at Lake of the Ozarks

MONTREAL, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreationa...

9 months ago - GlobeNewsWire

Vision Marine Technologies to raise approximately $2 million

MONTREAL, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreationa...

9 months ago - GlobeNewsWire