Vision Marine Technologies Inc. (VMAR)

VMAR Income Statement

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

Year	2023	2022	2021	2020	2019	2018
Revenue	5.65	7.35	3.51	2.42	2.87	1.27
Revenue Growth (YoY)	-23.12%	109.20%	45.37%	-15.76%	125.66%	-
Cost of Revenue	4.12	4.07	1.91	1.81	1.58	0.77
Gross Profit	1.54	3.29	1.6	0.6	1.29	0.5
Selling, General & Admin	10.58	7.26	4.08	0.75	0.83	0.4
Research & Development	5.7	2.24	1.49	0	0	0
Other Operating Expenses	8.13	6.56	8.94	2.01	0.12	0.1
Operating Expenses	24.42	16.06	14.51	2.76	0.95	0.51
Operating Income	-22.88	-12.77	-12.91	-2.16	0.33	-0.01
Interest Expense / Income	-1.6	0.22	2.26	0.11	0.03	0.04
Other Expense / Income	-0.12	-0.14	-0.15	-0.01	0	-0.01
Pretax Income	-21.16	-12.85	-15.01	-2.25	0.3	-0.03
Income Tax	-0.28	0.26	0.11	0.02	0.06	0.15
Net Income	-20.88	-13.11	-15.11	-2.28	0.23	-0.19
Shares Outstanding (Basic)	9	8	7	4	4	4
Shares Outstanding (Diluted)	9	8	7	4	4	4
Shares Change	11.43%	12.21%	77.38%	12.02%	-0.34%	-
EPS (Basic)	-2.25	-1.58	-2.04	-0.56	0.06	-0.05
EPS (Diluted)	-2.25	-1.58	-2.04	-0.56	0.06	-0.05
Free Cash Flow	-14.54	-11.96	-9.29	-0.51	-0.29	0.12
Free Cash Flow Per Share	-1.57	-1.44	-1.25	-0.12	-0.08	0.03
Gross Margin	27.19%	44.70%	45.65%	25.00%	44.80%	39.46%
Operating Margin	-404.85%	-173.77%	-367.29%	-89.19%	11.63%	-0.48%
Profit Margin	-369.41%	-178.37%	-430.13%	-94.14%	8.12%	-14.62%
Free Cash Flow Margin	-257.36%	-162.72%	-264.40%	-21.21%	-10.05%	9.70%
Effective Tax Rate	-	-	-	-	21.65%	-
EBITDA	-21.7	-11.67	-12.33	-1.98	0.37	0.04
EBITDA Margin	-384.00%	-158.81%	-351.04%	-81.73%	12.79%	2.85%
Depreciation & Amortization	1.06	0.96	0.42	0.17	0.04	0.03
EBIT	-22.76	-12.63	-12.75	-2.15	0.33	0.01
EBIT Margin	-402.77%	-171.81%	-362.91%	-88.77%	11.57%	0.46%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).