Vision Marine Technologies Inc. (VMAR)

VMAR Income Statement

Financials in millions CAD. Fiscal year is September - August.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Nov 30, 2024	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Revenue	2.95	3.79	5.65	7.35	3.51	2.42
Revenue Growth (YoY)	-43.68%	-32.86%	-23.12%	109.20%	45.37%	-15.76%
Cost of Revenue	1.94	2.3	4.12	4.07	1.91	1.81
Gross Profit	1.01	1.5	1.54	3.29	1.6	0.6
Selling, General & Admin	9.98	10.94	14.35	10.85	5.71	1.42
Research & Development	2.01	2.74	5.7	2.24	1.49	-
Operating Expenses	12.9	14.73	21.78	16.06	14.51	2.76
Operating Income	-11.89	-13.23	-20.24	-12.77	-12.91	-2.16
Interest Expense	-0.22	-0.25	-0.14	-0.18	-0.12	-0.11
Interest & Investment Income	0.04	0.06	0.11	0.38	-	-
Currency Exchange Gain (Loss)	0.01	0.05	0.21	0.25	-1.58	-0
Other Non Operating Income (Expenses)	5.45	9.3	1.45	0.14	0.15	0.01
EBT Excluding Unusual Items	-6.61	-4.07	-18.61	-12.18	-14.46	-2.25
Impairment of Goodwill	-8.7	-8.7	-	-	-	-
Gain (Loss) on Sale of Investments	-1.72	-1.72	-2.55	-0.67	-0.55	-
Gain (Loss) on Sale of Assets	0.18	0.18	-	-	-	-
Pretax Income	-16.86	-14.32	-21.16	-12.85	-15.01	-2.25
Income Tax Expense	-0.18	-0.26	-0.28	0.26	0.11	0.02
Net Income	-16.68	-14.06	-20.88	-13.11	-15.11	-2.28
Net Income to Common	-16.68	-14.06	-20.88	-13.11	-15.11	-2.28
Free Cash Flow	-13.75	-12.18	-14.95	-12.17	-8.8	-0.51
Gross Margin	34.28%	39.47%	27.19%	44.70%	45.65%	25.00%
Operating Margin	-402.95%	-348.80%	-358.19%	-173.77%	-367.29%	-89.19%
Profit Margin	-565.36%	-370.57%	-369.41%	-178.37%	-430.13%	-94.14%
Free Cash Flow Margin	-466.15%	-320.98%	-264.47%	-165.59%	-250.32%	-21.21%
EBITDA	-11.67	-12.83	-19.86	-12.49	-12.49	-1.99
EBITDA Margin	-	-	-	-169.90%	-	-82.15%
D&A For EBITDA	0.22	0.4	0.38	0.28	0.42	0.17
EBIT	-11.89	-13.23	-20.24	-12.77	-12.91	-2.16
EBIT Margin	-	-	-	-173.77%	-	-89.19%

Updated Jan 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q