Reported Earnings • Apr 19
Second quarter 2026 earnings released: US$2.32 loss per share (vs US$159 loss in 2Q 2025) Second quarter 2026 results: US$2.32 loss per share (improved from US$159 loss in 2Q 2025). Revenue: US$14.5m (up US$14.5m from 2Q 2025). Net loss: US$1.86m (loss narrowed 28% from 2Q 2025). Annonce • Apr 14
Vision Marine Technologies Inc Activates Ai-Enabled Retail Platform Vision Marine Technologies Inc. announced the activation and ongoing rollout of an AI-enabled customer engagement and sales management platform across its subsidiary, Nautical Ventures Group. The platform is being implemented across Nautical Ventures' eight retail locations in Florida to improve lead conversion, reduce response times, and enhance visibility into high-value sales activity. Currently in use with core functionalities supporting lead capture, deal tracking, and integrated marketing channels, the system is designed to centralize customer data and support more structured handling of inbound demand across the Company's dealership network. As implementation progresses, the platform is expected to improve sales throughput by enabling more efficient prioritization of customer inquiries, more consistent follow-up across the sales cycle, and improved coordination between marketing, sales, and service teams. The system also introduces enhanced visibility into pipeline activity and customer behaviour, supporting more informed decision-making and improved inventory planning across locations. Additional capabilities, including expanded automation and AI-supported tools, are under development and expected to be introduced progressively as the platform continues to evolve. Annonce • Mar 12
Vision Marine Technologies Inc Introduces SPECTR 26 Platform Vision Marine Technologies Inc. detailed its strategic focus on the North American pontoon segment, one of the most commercially significant categories in recreational boating. According to industry reporting based on data published by the National Marine Manufacturers Association, pontoon boats are estimated to have achieved 52,000 to 55,000 new unit sales in the United States in 2024. NMMA further reports that pontoons captured the largest share of new outboard powered boat sales, representing more than one third of total outboard units. These figures position the category as one of the leading volume segments within recreational boating. For Vision Marine, prioritizing this segment reflects deliberate engineering and market decision rooted in long term scalability. From the outset of industrializing its propulsion technology, the pontoon platform was selected as the first integration category for its high powered 180HP electric outboard system, the E Motion 180E model. Stability, predictable cruising profiles, multi passenger load distribution and dockside charging compatibility align directly with real world boating behavior. Recent commercial activity supports this platform logic. Vision Marine's two most recent 180HP electric 180E equipped deliveries were pontoon platforms, reinforcing management's view that scalable electric adoption begins in high volume segments with established consumer demand. Building on this foundation, Vision Marine introduced SPECTR 26, its flagship 26-foot 6-inch electric tritoon powered by the high powered 180HP electric 180E outboard. SPECTR 26 was engineered to elevate expectations within the pontoon category. The platform integrates 180 horsepower electric performance and shore power charging compatibility for ease of use, allowing seamless dockside recharging. It features a proprietary tritoon hull architecture designed by Vision Marine, combining a structurally reinforced fiberglass deck with durable 25-inch aluminum tubes engineered for stability and confident handling in turns and moderate chop. Integrated lifting foils and Hydrofin-assisted hydrodynamic optimization enhance efficiency, stability, and planning performance, delivering a premium electric pontoon platform built for real-world recreational boating. Annonce • Mar 10
Vision Marine Technologies Inc. Introduces 6-Year Limited Powertrain Warranty For E-Motion 180E High-Voltage Electric Outboard System Vision Marine Technologies Inc. announced the introduction of a 6-Year Limited Powertrain Warranty for its flagship E-Motion 180E high-voltage electric outboard system for recreational boating applications. Based on publicly available information, Vision Marine believes it is the first manufacturer in North America to offer a standard six-year limited powertrain warranty on a high-voltage electric outboard above 150 horsepower for recreational use. The Company further believes that this level of standard coverage extends one year beyond the typical warranty duration currently offered within the comparable high-voltage electric outboard segment. The E-Motion 180E is an industrialized high-voltage marine propulsion system that has been integrated across more than 24 boat configurations spanning 12 OEM brands and multiple vessel categories. The Company's validation roadmap focuses on durability, redundancy, thermal management, and real-world recreational deployment rather than limited pilot applications. Warranty duration is often viewed as a practical indicator of engineering maturity, lifecycle confidence, and supply chain readiness. By extending its standard limited powertrain coverage to six years, Vision Marine signals confidence in the robustness of its proprietary high-voltage architecture and operational support. Vision Marine's vertically integrated operating model supports the enhanced limited warranty. Following the acquisition and accelerated integration of Nautical Ventures, the Company operates an established retail and service infrastructure across Florida, providing in-market diagnostics, installation support, and aftersales service capabilities. This structure strengthens long-term customer confidence while reducing execution risk as electric propulsion adoption accelerates. The 6-Year Limited Powertrain Warranty applies to qualifying E-Motion 180E units sold under standard program terms and conditions. For full details regarding coverage, limitations, and exclusions, please refer to Vision Marine's official warranty terms and conditions. Vision Marine continues to execute its dual-pillar strategy, combining proprietary propulsion technology with direct-to-consumer retail access and service infrastructure. Management believes this integrated platform supports disciplined electric expansion while maintaining flexibility across both electric and internal combustion propulsion categories. Annonce • Feb 20
Vision Marine Technologies Inc. Expands Patent Portfolio to Support Faster, More Flexible Electric Outboard Integration Vision Marine Technologies Inc. together with its recently acquired retail network, Nautical Ventures announced the filing of a new U.S. patent application with the United States Patent and Trademark Office, supporting the continued development of its high-voltage electric marine powertrain platform. The patent filing relates to a modular mechanical integration system designed to enable electric motors to be paired with conventional outboard lower units while accommodating alignment tolerances and operational loads encountered in marine environments. The invention addresses a key interface within electric outboard design, offering reliable torque transfer, long-term durability, and quiet operation without requiring proprietary lower units. This approach enables the propulsion motor to integrate with existing lower-unit architectures, helping reduce development costs and shorten integration timelines. By designing a complete, marine-specific high-voltage powertrain with interfaces engineered to work with proven outboard platforms, Vision Marine supports broader compatibility across systems familiar to manufacturers, dealers, and service technicians. From a commercial perspective, the invention supports Vision Marine's ability to deploy a standardized high-voltage propulsion architecture across multiple outboard formats. This standardization is intended to support scalable production, consistent integration practices, and efficient training for service teams, while enabling broader fleet, rental, and retail adoption as electric propulsion continues to expand. At a strategic level, the filing reinforces Vision Marine's objective of securing and strengthening a complete electric marine powertrain, engineered as a unified system that can integrate with established third-party components. By controlling the mechanical interface between the motor and the lower unit, the Company enhances its ability to manage system performance, validation, and long-term lifecycle support. Vision Marine believes that aligning technology development with real-world market access supports the creation of a durable and scalable platform within the evolving boating and marine propulsion landscape. Annonce • Feb 12
Vision Marine Technologies Files Patent Application Covering Structural Integration of High-Voltage Electric Outboard Systems Vision Marine Technologies Inc. together with its recently acquired retail network, Nautical Ventures announced the filing of a new U.S. patent application with the United States Patent and Trademark Office, further strengthening the intellectual property supporting its high-voltage electric marine powertrain platform. The patent filing relates to a structural integration system that enables electric motors to be mechanically paired with conventional outboard assemblies while maintaining precise alignment and load management under marine operating conditions. The patent addresses a critical interface within electric outboard design, supporting reliable torque transfer and long-term durability without requiring proprietary lower units. This approach enables electric propulsion to integrate with existing outboard architectures, helping reduce development costs and shorten integration timelines for boat manufacturers. By designing a complete, marine-specific high-voltage powertrain with interfaces engineered to work with proven outboard platforms, Vision Marine supports broader compatibility across systems familiar to manufacturers, dealers, and service technicians. From a commercial perspective, the invention supports Vision Marine's ability to apply a standardized high-voltage propulsion architecture across multiple outboard formats. This standardization supports scalable production, consistent integration, and efficient training for service teams, while enabling broader fleet and retail adoption as electric propulsion continues to expand. At a strategic level, the filing reinforces Vision Marine's objective of securing and strengthening a complete electric marine powertrain, engineered as a unified system rather than assembled from disconnected third-party components. By securing the mechanical interface between the motor and the lower unit, the Company strengthens its control over system performance, validation, and long-term lifecycle support. Including this filing, Vision Marine's intellectual property portfolio now comprises 14 patent applications pending, all centered on the design, control, protection, and integration of high-voltage electric marine propulsion systems. Together, these filings support the Company's long-term strategy to secure proprietary technology intended for recreational deployment across its channels. Vision Marine believes that aligning technology development with real-world market access supports the creation of a durable and scalable platform within the evolving boating and marine propulsion landscape. Annonce • Feb 06
Vision Marine Technologies Inc. Announces Development of Project Pelagos, an AI-Driven Customer Intelligence Platform for the Nautical Ventures Retail Network Vision Marine Technologies Inc. together with its recently acquired retail network, Nautical Ventures announced the development of Project Pelagos, an AI-driven customer intelligence and revenue operations platform for its marine retail subsidiary, Nautical Ventures, an award-winning dealership network operating across Florida. Project Pelagos is being designed to strengthen execution, coordination, and customer experience across the Nautical Ventures retail network by embedding artificial intelligence directly into sales and afters sales operations. Built on an enterprise CRM foundation and enhanced with a proprietary AI and data orchestration layer, the platform is intended to support improved prioritization, greater operational visibility, and more coordinated customer management workflows. Pelagos is designed to connect traditionally disconnected systems--including Dealer Management Software (DMS), multiple MLS platforms, ticketing systems, and team communications-- into a single, behavior-aware environment. The objective is to accelerate revenue execution, improve customer experience, and bring clarity and coordination across sales and aftersales operations. As Vision Marine continues to integrate Nautical Ventures into a vertically integrated model--combining technology, retail, service, and customer access--Project Pelagos represents a key component of the Company's AI-enabled operational infrastructure. The initiative reflects the Company's focus on scalability, execution discipline, and building internal systems capable of supporting growth across an expanding retail footprint. Unlike traditional CRM platforms that primarily store data, Project Pelagos is being designed as an AI-assisted customer intelligence layer. By analyzing engagement patterns across inquiries, listings, communications, and service requests, the platform is intended to supports opportunity prioritization, improve internal handoffs, and reduce delays caused by disconnected workflows-- while preserving human judgment where it matters most. From an investor perspective, the integration of AI within customer operations aligns with Vision Marine's broader strategy of improving operating leverage within its retail platform. By reducing manual processes and increasing visibility into customer demand and execution bottlenecks, the Company expects the platform to support more efficient sales execution and more consistent performance as the Nautical Ventures network scales. Project Pelagos is currently in active development, with a phased rollout planned across Nautical Ventures' sales and customer operations during 2026. Annonce • Feb 05
Vision Marine Technologies Inc., Annual General Meeting, Feb 26, 2026 Vision Marine Technologies Inc., Annual General Meeting, Feb 26, 2026. Location: 1 place ville marie, 39th floor, montreal, quebec, h3b 4m7, Canada Annonce • Feb 03
Vision Marine Technologies Unveils Specter Electric Tritoon Platform Vision Marine Technologies Inc. together with its recently acquired retail network, Nautical Ventures announced the launch of Specter, a electric 26'6" tritoon platform that will be showcased at major North American marine industry events, including the Miami International Boat Show beginning February 11, 2026, and the Montreal Boat and Watersports Show beginning February 12, 2026. Specter represents the next phase of Vision Marine's product roadmap and serves as a reference platform for the Company's high-voltage electric propulsion strategy spanning 26'6", dual console, dual 10" seamless touch screens. The launch emphasizes dual market visibility, with Miami positioned as the primary focal point given its role as one of the largest and most influential recreational boating markets in North America, supported by Vision Marine's established retail and service footprint in Florida. At its core, Specter is engineered as a next-generation electric platform built around three defining technological pillars. First, the platform is powered by Vision Marine's proprietary E-Motion high-voltage electric propulsion system, featuring an integrated onboard charging architecture designed to operate seamlessly with standard shore power infrastructure, enabling practical dock-to-dock electric boating. Second, Specter incorporates advanced foiling technology developed in collaboration with Hydrofin, designed to lift and stabilize the tritoon hull at speed, improving efficiency, ride dynamics, and overall performance. Third, the platform features a fiberglass monocoque hull paired with a thoughtfully designed interior layout, delivering a clean, modern aesthetic and a premium onboard environment that complements the platform's advanced electric propulsion. From a market perspective, the global pontoon and tritoon segment represents a sizable and expanding category within recreational boating. According to third-party industry research, the global pontoon market was valued at approximately USD 8.1 billion in 2024 and is projected to grow at a compound annual growth rate of approximately 8.8% through 2031, reflecting sustained consumer interest and continued product evolution across major boating regions. North America accounts for a significant share of this market, supported by strong participation in lake and river boating. Specter will be distributed and supported through Vision Marine's network locations and its wholly owned dealership group, Nautical Ventures, providing integrated sales, service, and afters sales capabilities. As a electric tritoon platform, Specter supports Vision Marine's broader objective of expanding market visibility while strengthening its vertically integrated electric propulsion and retail strategy. Annonce • Jan 24
Vision Marine Technologies Inc. has filed a Follow-on Equity Offering in the amount of $16.335 million. Vision Marine Technologies Inc. has filed a Follow-on Equity Offering in the amount of $16.335 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Jan 13
First quarter 2026 earnings released First quarter 2026 results: US$34.56 loss per share. Revenue: US$15.7m (up US$15.6m from 1Q 2025). Net loss: US$4.31m (loss widened 279% from 1Q 2025). Annonce • Dec 20
Vision Marine Technologies Inc. has completed a Composite Units Offering in the amount of $9.58725 million. Vision Marine Technologies Inc. has completed a Composite Units Offering in the amount of $9.58725 million.
Security Name: Common Units
Security Type: Equity/Derivative Unit
Securities Offered: 19,250,000
Price\Range: $0.3
Discount Per Security: $0.0195
Security Name: Pre-Funded Units
Security Type: Equity/Derivative Unit
Securities Offered: 12,750,000
Price\Range: $0.299
Discount Per Security: $0.0195 New Risk • Dec 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 47% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.3m free cash flow). Share price has been highly volatile over the past 3 months (47% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 30x increase in shares outstanding). Market cap is less than US$10m (US$1.90m market cap). Minor Risk Currently unprofitable and not forecast to become profitable next year (US$3.3m net loss next year). New Risk • Dec 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$9.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.3m free cash flow). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 30x increase in shares outstanding). Market cap is less than US$10m (US$2.25m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$3.3m net loss next year). Share price has been volatile over the past 3 months (15% average weekly change). Annonce • Dec 05
Vision Marine Technologies Inc. has filed a Follow-on Equity Offering. Vision Marine Technologies Inc. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 7,407,407
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 7,407,407 Reported Earnings • Nov 30
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: CA$24.53 loss per share. Revenue: CA$13.8m (up 396% from FY 2024). Net loss: CA$21.7m (loss widened 109% from FY 2024). Revenue exceeded analyst estimates significantly. Earnings per share (EPS) missed analyst estimates by 124%. Annonce • Aug 28
Vision Marine Technologies Inc. Appoints Maxime Poudrier as Chief Operating Officer Vision Marine Technologies Inc. on August 27, 2025 announced the appointment of Maxime Poudrier as Chief Operating Officer (COO). Mr. Poudrier has been with Vision Marine since serving as Head of Growth & Strategic Partnerships, where he played a pivotal role in the industrialization of the Company's E-Motion 180E high-voltage propulsion system by successfully implementing strategic grant programs, expanding OEM and vendor alliances, and supporting the acquisition and integration of Nautical Ventures. His appointment marks the next step in structuring Vision Marine's operations to scale as a dual-pillar platform: technology leadership and consumer adoption. As COO, Mr. Poudrier will lead a Company-wide structuring process to align intellectual property, strategic partnerships, and consumer adoption under a unified execution framework. His mandate includes operational oversight, OEM and vendor management, budgeting and forecasting, sales and service alignment, and human capital planning, ensuring that Vision Marine's growing patent portfolio, white-label licensing agreements, and propulsion systems are consistently executed across its operations. With more than 10 years of executive leadership across the automotive, mobility, and industrial sectors, Mr. Poudrier has established a strong record of strategic growth and operational execution. Prior to joining Vision Marine, he became the youngest self-made dealer principal in Canada, successfully leading multiple automotive dealerships, and later advised on international M&A mandates for leading manufacturers such as ArcelorMittal. He is also a graduate of executive education programs at Harvard Business School. This appointment underscores Vision Marine's commitment to disciplined execution of its proprietary propulsion technology and intellectual property portfolio, ensuring innovation remains at the center of its growth strategy, with Nautical Ventures accelerating adoption. New Risk • Aug 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (over 121x increase in shares outstanding). Market cap is less than US$10m (US$3.29m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$7.9m net loss next year). Revenue is less than US$5m (CA$1.6m revenue, or US$1.1m). Annonce • Aug 13
Vision Marine Technologies Inc. has filed a Follow-on Equity Offering in the amount of $9.999999 million. Vision Marine Technologies Inc. has filed a Follow-on Equity Offering in the amount of $9.999999 million.
Security Name: Common Shares
Security Type: Common Stock
Price\Range: $5.31
Discount Per Security: $0.34515
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant New Risk • Jul 15
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 127x increase in shares outstanding). Market cap is less than US$10m (US$6.84m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$7.9m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (CA$2.3m revenue, or US$1.7m). Reported Earnings • Jul 14
Third quarter 2025 earnings released Third quarter 2025 results: CA$6.53 loss per share. Net loss: CA$7.14m (loss widened 136% from 3Q 2024). Revenue is forecast to grow 176% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Leisure industry in the US. Annonce • Jun 23
Vision Marine Technologies Inc. (NasdaqCM : VMAR) acquired Nautical Ventures Group Inc. Vision Marine Technologies Inc. (NasdaqCM : VMAR) acquired Nautical Ventures Group Inc on June 23, 2025. The transaction was funded through a combination of cash, a seller’s note and up to 255,102 shares of Vision Marine’s common stock.
ThinkEquity LLC acted as financial advisor for Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NasdaqCM : VMAR) completed the acquisition of Nautical Ventures Group Inc on June 23, 2025. Annonce • May 17
Vision Marine Technologies Inc. Announces Settlement of Outstanding Legal Claim Vision Marine Technologies Inc. announced that it has successfully reached a settlement agreement resolving a previously disclosed outstanding legal claim related to certain of its shareholders. This resolution fully addresses a legal dispute, providing the Company with a clean capitalization structure. In addition, after the resolution Vision Marine believes it maintains a strong cash position, supporting the Company's liquidity to facilitate ongoing business operations, strategic initiatives, and prospective expansion efforts. Annonce • Apr 10
Vision Marine Technologies Inc. Strengthens Innovation with New Patent Filing for Secure Vessel Connectivity Vision Marine Technologies Inc. announced that it has filed a new U.S. patent application with the United States Patent and Trademark Office (USPTO), significantly enhancing its proprietary E-Motion Electric High-Voltage (HV) Marine Powertrain technology. The patent application covers an advanced secure communication framework employing token-based authentication to safeguard essential vessel systems from unauthorized access. The technology utilizes a secure gateway acting as a protective intermediary between external interface devices and internal CAN bus systems, preserving integrity while allowing authorized control of critical components like batteries, throttles, and motor controllers. A dynamic content server embedded within the gateway enables real-time loading of control interfaces and diagnostic tools directly onto vessel dashboards, removing the need for physical access to sensitive hardware. This streamlined approach simplifies OEM integration, elevates the boating experience, and enhances user interaction without compromising security. For manufacturers, Vision Marine's technology significantly simplifies electrification, providing seamless, secure integration. For boaters, the patent ensures robust protection and intuitive, reliable vessel operation, highlighting Vision Marine's dedication to superior marine experiences. This patent further advances Vision Marine's commercialization strategy, reinforcing the integration potential of the E-Motion powertrain for third-party vessels and supporting the company's strategic relationships with leading boat manufacturers. As part of Vision Marine's expanding IP portfolio, this filing underscores its comprehensive approach to delivering an industrialized, secure, and user-centered electric boating solution. Reported Earnings • Apr 09
Second quarter 2025 earnings released Second quarter 2025 results: CA$5.57 loss per share. Revenue: CA$105.3k (down 86% from 2Q 2024). Net loss: CA$3.61m (loss narrowed 57% from 2Q 2024). Annonce • Apr 08
Vision Marine Technologies Inc., Annual General Meeting, May 15, 2025 Vision Marine Technologies Inc., Annual General Meeting, May 15, 2025. Location: at 1 place ville marie, 39th floor, quebec, h3b 4m7, montreal Canada Annonce • Feb 11
Vision Marine Technologies Inc. Announces Appointment of Pierre-Yves Terrisse to Its Board of Directors Vision Marine Technologies Inc. announced the appointment of Pierre-Yves Terrisse to its Board of Directors. Mr. Terrisse has been a trusted advisor and strategic contributor to Vision Marine for the past three years, bringing invaluable financial insight and market expertise as the Company navigated its growth in the electric marine sector. With over 25 years of experience in capital markets, financial analysis, and corporate development, his deep knowledge of the technology and industrial sectors has already played a key role in shaping Vision Marine's strategy. His formal appointment to the Board underscores the essential role he has played and will continue to play
in guiding the Company's evolution and expansion. Throughout his career, Mr. Terrisse has held senior leadership roles in investment banking, institutional equity sales, and corporate strategy, advising both public and private companies on financing, mergers and acquisitions, and market positioning. Pierre-Yves serves as Vice President of Corporate Development at NanoXplore, overseeing investor relations, M&A opportunities, and strategic growth initiatives. His prior experience includes key positions at Industrial Alliance Capital Markets, Ventum (formerly Echelon Wealth Partners), and Dundee Securities, where he helped structure major financing deals and develop corporate growth strategies. Annonce • Jan 18
Vision Marine Technologies Inc. announced that it has received $5.883 million in funding On January 16, 2025, Vision Marine Technologies Inc., closed the transaction. The company issued combination of 4,706,400 Common Shares (or Pre-funded Warrants in lieu thereof), and Common Warrants to purchase 2,353,200 common shares for the gross proceeds $5,900,000. Annonce • Jan 15
Vision Marine Technologies Files Patent Application for Proprietary Battery Encryption System Vision Marine Technologies Inc. announced the filing of its latest patent application with the United States Patent and Trademark Office for a groundbreaking Battery Authentication Encryption Technology. This system is designed to securely integrate proprietary components within the E-Motion™ Electric Powertrain, prevent third-party substitution, and gather valuable boaters' data, reinforcing the strategic value of Vision Marine's advanced technology. The technology employs a sophisticated Battery Management Controller (BMC) to authenticate components within the powertrain. This helps ensure that only Vision Marine's proprietary components function in harmony with the system, eliminating risks associated with third-party substitutions that could compromise performance or safety. Beyond enhancing the system's security, this innovation enables the collection and analysis of boaters' data, a critical component in driving superior system performance and customer satisfaction. The data gathered from Vision Marine's proprietary system allows the Company to continually optimize product performance and deliver tailored solutions for boat Manufacturers and boaters. This data-rich foundation not only improves system reliability but also serves as a strategic asset that drives innovation, supports customer retention, and unlocks potential new revenue streams. By preparing the technology behind this patent application, Vision Marine reaffirms its commitment to advancing electric propulsion technology while ensuring the integrity, exclusivity, and data-driven intelligence of its proprietary ecosystem. Reported Earnings • Jan 14
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: CA$1.98 loss per share (down from CA$12.00 profit in 1Q 2024). Revenue: CA$142.4k (down 86% from 1Q 2024). Net loss: CA$1.59m (down 256% from profit in 1Q 2024). Revenue missed analyst estimates by 91%. Earnings per share (EPS) exceeded analyst estimates by 94%. Annonce • Jan 14
Vision Marine Technologies Inc. announced that it expects to receive $5.8 million in funding Vision Marine Technologies Inc. announced that it has entered into definitive securities purchase agreements for the issuance and sale of 4,640,000 units at a price of $1.25 per unit for gross proceeds of $5.8million on January 12, 2025. Each unit consist of consisting of common shares and warrants. Warrant will be immediately exercisable and entitle the holder to acquire one common share at an exercise price of $1.50 per share, for a period of five and one-half years following the closing of the Offering. The private placement is expected to close on January 14, 2025, subject to customary closing conditions. Reported Earnings • Dec 02
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: CA$154 loss per share (improved from CA$304 loss in FY 2023). Revenue: CA$3.79m (down 33% from FY 2023). Net loss: CA$14.1m (loss narrowed 33% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. New Risk • Nov 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 7x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Market cap is less than US$10m (US$2.28m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$12m net loss next year). Revenue is less than US$5m (CA$4.9m revenue, or US$3.5m). Annonce • Nov 15
Vision Marine Technologies Inc., Annual General Meeting, Dec 04, 2024 Vision Marine Technologies Inc., Annual General Meeting, Dec 04, 2024. Location: 1 place ville marie, 39th floor, quebec, h3b 4m7, montreal Canada Annonce • Nov 08
Vision Marine Technologies Regains Compliance with Nasdaq Listing Requirements Vision Marine Technologies Inc. announced 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. The Notice further stated that, pursuant to Listing Rule 5815(d)(4)(B), the Company will be subject to a mandatory panel monitor for a period of one year from the date of the Notice to ensure that the Company maintains long-term compliance with all of the continued listing requirements (the "Requirements"). If, within that one-year monitoring period, the Staff finds that the Company is no longer in compliance with any Requirement, then, notwithstanding Nasdaq Rule 5815(d)(4)(A), the Company will not be permitted to provide the Staff with a plan of compliance with respect to such deficiency and the Staff will not be permitted to grant additional time for the Company to regain compliance with respect to such deficiency, nor will the Company be afforded an applicable cure or compliance period notwithstanding Nasdaq Rule 5810(c)(2). Instead, the Staff will issue a Delist Determination Letter and the Company will have an opportunity to request a new hearing with the initial Panel or a newly convened hearings panel if the initial Panel is unavailable. As of the Notice, the Company has successfully met this criterion, reinforcing its commitment to meet all Nasdaq regulatory requirements. This achievement demonstrates Vision Marine's commitment to strengthening shareholder value and maintaining its position on the Nasdaq Capital Market, further supporting the Company's growth and development in advancing electric propulsion solutions for the marine propulsion industry. Annonce • Oct 18
Vision Marine Technologies Inc. has filed a Follow-on Equity Offering in the amount of $11.75 million. Vision Marine Technologies Inc. has filed a Follow-on Equity Offering in the amount of $11.75 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Annonce • Oct 08
Vision Marine Technologies Inc. has withdrawn its Follow-on Equity Offering in the amount of $4.999999 million. Vision Marine Technologies Inc. has withdrawn its Follow-on Equity Offering in the amount of $4.999999 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,024,291
Price\Range: $2.47
Discount Per Security: $0.16055
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 2,024,291 Annonce • Oct 04
Vision Marine Technologies Receives Extension for Continued Listing on the Nasdaq Stock Market and Approves 1-for-9 Reverse Stock Split to Regain Nasdaq Compliance Vision Marine Technologies Inc. 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. As part of the Company's strategy to meet Nasdaq's minimum bid price requirement, the Company's board of directors (the ‘Board’) has approved a 1-for-9 reverse stock split of its common shares. The reverse stock split is expected to become effective at the market opening on October 8, 2024 (the ‘Effective Date’). Following the reverse stock split, Vision Marine's common shares will trade on a split-adjusted basis under its existing Nasdaq ticker symbol, ‘VMAR.’ The new CUSIP number for the Company's common shares post-split will be 92840Q202. The primary goal of the reverse stock split is to increase the per share market price of the Company's common shares in an effort to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2). On September 20, 2024, the Board approved the reverse stock split at the ratio of 9-for-1, and on September 30, 2024, the Board approved the Effective Date. Annonce • Sep 25
Vision Marine Technologies Announces the Launch of the E-Motion 180e Inboard Vision Marine Technologies Inc. announced 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. Following extensive development and rigorous testing, the E-Motion 180e Inboard system incorporates 95% of the components from the highly successful E-Motion outboard motor, so that the outboard motor system can relay the proven reliability and consistent performance of the inboard system. This seamless integration allows Vision Marine to extend its offerings within the electric marine sector, positioning the Company to meet the growing demand for electric propulsion solutions in both outboard and inboard applications. The E-Motion 180e Inboard has successfully completed sea trials on a prominent European inboard boat brand, demonstrating its capabilities and readiness for recreational use. Vision Marine's entry into the inboard engine sector represents a significant step in its strategy to address the rising demand for sustainable, high-performance propulsion systems in recreational boats, catamarans, sailboats, ski boats, wakeboard boats, tugboats, cruisers, and more. This latest innovation enables Vision Marine to capture a broader segment of the market by catering to a wider range of vessel types. According to Global Market Insights, the global inboard engine market was valued at USD 1.5 billion in 2023 and is projected to grow at a CAGR of 6.4% through 2032, driven by increased recreational boating activities and rising demand for eco-friendly propulsion systems. Anticipation is growing as Vision Marine prepares to unveil the E-Motion 180e Inboard at the upcoming IBEX International Boat Show on October 2, 2024. This launch will showcase Vision Marine's commitment to delivering cutting-edge electric propulsion solutions for a diverse range of marine applications. New Risk • Sep 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 5x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Market cap is less than US$10m (US$3.47m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$12m net loss next year). Revenue is less than US$5m (CA$4.9m revenue, or US$3.6m). Annonce • Sep 17
Vision Marine Technologies Inc. has completed a Follow-on Equity Offering in the amount of CAD 3.4 million. Vision Marine Technologies Inc. has completed a Follow-on Equity Offering in the amount of CAD 3.4 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 3,400,000
Price\Range: CAD 1
Discount Per Security: CAD 0.075 Annonce • Sep 14
Vision Marine Technologies Inc. has filed a Follow-on Equity Offering. Vision Marine Technologies Inc. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 3,400,000 Annonce • Aug 21
Vision Marine Technologies Announces Reverse Stock Split to Regain Compliance with the Minimum Bid Price Requirement Vision Marine Technologies Inc. ("Vision Marine" or the "Company") 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"). Upon the Effective Date, the Company's common shares will begin trading on a split-adjusted basis under the existing trading symbol "VMAR." The new CUSIP number for the Company's common shares following the reverse stock split will be 92840Q103. The primary goal of the reverse stock split is to increase the per-share market price of the Company's common shares to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2). This move follows the Company's receipt of a staff determination letter (the "Determination Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on August 15, 2024, which indicated that the Company had not regained compliance with the Bid Price Requirement by the deadline of August 14, 2024. As outlined in the form 6-K filed with the Securities and Exchange Commission, Vision Marine received a deficiency letter from Nasdaq on February 16, 2024, notifying the Company that its common shares had fallen below the minimum $1.00 per share requirement for the preceding 30 consecutive business days. Despite being granted an initial 180-calendar-day period to regain compliance, the Company was unable to achieve the required bid price by the deadline, leading to the issuance of the Determination Letter. Importantly, the Determination Letter does not have an immediate effect on the listing of the Company's common shares on The Nasdaq Capital Market. Vision Marine intends to promptly file a hearing request with Nasdaq, which will automatically stay any suspension or delisting action pending the hearing and any additional extension period that may be granted by the Panel. The Nasdaq Listing Rules authorize the Panel to grant an extension of up to 180 days from the date of the Determination Letter. Vision Marine remains committed to taking all necessary steps to achieve compliance with Nasdaq's requirements and will continue to provide updates on the status of the listing as they become available. Major Estimate Revision • Jul 29
Consensus revenue estimates decrease by 34%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CA$5.80m to CA$3.80m. EPS estimate increased from -CA$1.13 to -CA$1.05 per share. Leisure industry in the US expected to see average net income growth of 16% next year. Consensus price target down from US$2.47 to US$2.00. Share price rose 2.3% to US$0.45 over the past week. Reported Earnings • Jul 16
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: CA$0.26 loss per share. Revenue: CA$637.6k (down 51% from 3Q 2023). Net loss: CA$3.13m (loss widened 1.2% from 3Q 2023). Revenue missed analyst estimates by 60%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 89% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Leisure industry in the US. Annonce • Jun 06
Vision Marine Technologies Files Its 5Th Patent on Its Unique Vehicle Control Unit Vision Marine Technologies Inc. announced the filing of its fifth patent, focusing on a 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. Advanced Integrated and Specialized Hardware Design: The E-Motion™ VCU is the culmination of over five years of dedicated research and development in embedded software design. Developed in-house for the E-Motion™ 180E powertrain, the VCU controls and monitors all functions and readings of the high and low voltage systems, actively surveying status, connection integrity, and critical readings from over 12 components and 40 sensors through advanced communication authentication and processing. A Commitment to Innovation: The E-Motion™ powertrain exemplifies Vision Marine's commitment to innovation. At its core is the VCU, which acts as both a monitoring and control device. Each specially designed equipment system communicates effectively with others while maintaining independent functionality. This design ensures the system operates at its full potential while creating a data-rich environment. A Reinforced Achievement and New Possibilities: The potential for this innovation extends far beyond immediate performance enhancements. With over-the-air updates, Vision Marine will be able to continuously innovate on data and software bases, enhancing the user experience and functions, offering boaters functionality comparable to electric automotive industry standards. Evolution of the Recreational Boating Market: As the marine market evolves, such advancements will be crucial for the industry's growth and sustainability. This patent filing is part of Vision Marine's ongoing commitment to innovation and leadership in electric marine technology. As the demand for reliable and efficient electric propulsion systems grows, embedded hardware enabled by software will be a key element in deploying electric propulsion solutions. Vision Marine remains committed to revolutionizing the marine industry through cutting-edge innovations. This latest patent not only reinforces this commitment but also paves the way for future advancements that will continue to drive the industry forward. Annonce • May 09
Vision Marine Technologies Files 3rd Patent for Its Unique Power Control Management Software Vision Marine Technologies Inc. announced 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. The Power Control Management Software is engineered to leverage the full potential of the E-Motion™ HV electric motor while promoting a boating experience that is not only secure but also deeply enjoyable for its passengers. Vision Marine Technologies' designed software manages torque-a key feature of the electric powertrain-while also being designed to adapt and provide control across various other operational scenarios in various water conditions. Vision Marine Technologies' 180E E-Motion™ High-Voltage Electric Powertrain System and its components. 180E E-Motion™ Equipped Pontoon - Providing steady torque to quickly lift wakeboarders out of the water in the warm waters of the Intracoastal, Miami, US: This comprehensive approach to power management enables action from the helm to be met with an appropriate and immediate response from the powertrain, making every journey smoother and every maneuver more intuitive. Developed over five years of comprehensive research, including dyno-testing and sea trials, this software exemplifies Vision Marine's expertise in electric boating. Center Console Boat Powered by the E-Motion™: By filing this patent, Vision Marine Technologies emphasizes its commitment to innovation and the protection of its intellectual properties in the rapidly growing electric boating market. This strategic patent filing seeks to safeguard Vision Marine's developments in offering advanced, cutting-edge marine propulsion control technologies and also offers a key solution for the electric marine boating industry. Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 24% The consensus outlook for fiscal year 2024 has been updated. 2024 losses of -CA$1.13 per share expected, vs -CA$0.91 per share profit forecast previously. Revenue forecast reaffirmed at CA$11.5m. Leisure industry in the US expected to see average net income growth of 28% next year. Consensus price target down from US$2.46 to US$1.99. Share price rose 7.0% to US$0.61 over the past week. Annonce • Apr 28
Vision Marine Technologies Inc. Announces Resignation of Patrick Bobby as Member of Its Board of Directors and as Head of Performance & Special Projects Vision Marine Technologies Inc. announced the resignation of Mr. Patrick Bobby as a member of its Board of Directors and as its Head of Performance & Special Projects, effective April 22, 2024. Mr. Bobby, who co-founded the Company and has served on its board as well as in several senior management positions since the Company's inception, has decided to pursue other projects. Annonce • Apr 16
EB Strategies Inc signed a letter of intent to acquire Eb Rental, Ltd. from Vision Marine Technologies Inc. (NasdaqCM:VMAR) for $1 million. EB Strategies Inc signed a letter of intent to acquire Eb Rental, Ltd. from Vision Marine Technologies Inc. (NasdaqCM:VMAR) for $1 million on April 3, 2024. The transaction is expected to close within three weeks from the date of the letter of intent. The Company will continue to own and operate its boat rental operations in Ventura, California and Palm Beach, Florida as this transaction is for the sale of its boat rental operation in Newport Beach, California only. Reported Earnings • Apr 15
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: CA$0.72 loss per share. Revenue: CA$728.6k (down 12% from 2Q 2023). Net loss: CA$8.41m (loss widened 26% from 2Q 2023). Revenue missed analyst estimates by 68%. Earnings per share (EPS) also missed analyst estimates by 112%. Revenue is forecast to grow 115% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the Leisure industry in the US. Annonce • Feb 13
Vision Marine Technologies Inc. Appoints Anthony E. Cassella Jr. as Independent Director Vision Marine Technologies Inc. announced the appointment of Anthony E. Cassella Jr., Executive Vice President Finance and Chief Accounting Officer of MarineMax Inc. to the Company's Board of Directors as an independent director. This appointment reinforces Vision Marine's leading role in marine technology innovation and underscores its commitment to strong corporate governance. Mr. Cassella is a highly accomplished leader who has played an important role in MarineMax's growth. Among his responsibilities at MarineMax, Mr. Cassella oversees key functions including finance, mergers and acquisitions, accounting, inventory, and treasury. Vision Marine believes that Mr. Cassella's background and knowledge of the industry will bring incredible value to the next chapter of Vision Marine's mission to become the leading provider of electric propulsion for the boating industry. Major Estimate Revision • Jan 30
Consensus revenue estimates fall by 43% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$20.0m to CA$11.5m. Forecast losses increased from -CA$0.90 to -CA$0.91 per share. Leisure industry in the US expected to see average net income growth of 7.6% next year. Consensus price target down from US$3.07 to US$2.50. Share price was steady at US$0.76 over the past week. Breakeven Date Change • Jan 29
Forecast to breakeven in 2025 The 2 analysts covering Vision Marine Technologies expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 50% to 2024. The company is expected to make a profit of CA$1.00m in 2025. Average annual earnings growth of 100% is required to achieve expected profit on schedule. Reported Earnings • Jan 16
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: CA$0.089 (up from CA$0.81 loss in 1Q 2023). Revenue: CA$986.4k (down 30% from 1Q 2023). Net income: CA$1.03m (up CA$7.81m from 1Q 2023). Revenue missed analyst estimates by 67%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 90% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Leisure industry in the US. Annonce • Dec 23
Vision Marine Technologies Inc. announced that it has received $2.9 million in funding On December 21, 2023, Vision Marine Technologies Inc., closed the transaction. Reported Earnings • Nov 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CA$2.25 loss per share (further deteriorated from CA$1.58 loss in FY 2022). Revenue: CA$5.65m (down 23% from FY 2022). Net loss: CA$20.9m (loss widened 59% from FY 2022). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 78% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Leisure industry in the US. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings have declined by 57% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 57% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CA$2.1m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (42% increase in shares outstanding). Market cap is less than US$100m (US$21.6m market cap). Annonce • Nov 21
Vision Marine Technologies Inc. Introduces the P Powerpack Vision Marine Technologies Inc. introduced the P Powerpack, a game-changing solution offering ease of installation for pontoon boats. This innovative approach significantly reduces the time and effort required for installation compared to traditional internal combustion engine (ICE) setups. As Vision Marine targets this new market segment, it celebrates its first order from Wired Pontoons, a testament to the industry's growing interest in its technology. Since 2020, Vision Marine has been at the forefront of integrating its E-motion™ electric outboard into various pontoon brands, solidifying its status as a leader in the electric boating market. The P Powerpack represents a pivotal development in Vision Marine's product lineup, emphasizing the company's focus on ease of integration and versatility. While the 180E model, part of the E-Motion™ Powertrain Technology suite, continues to lead the electric propulsion market, the P Powerpack expands its applicability across a wide range of boating platforms, starting with pontoons. This strategic move underlines Vision Marine's dedication to making electric boating technology more accessible to manufacturers. The E-Motion™ system represents a comprehensive solution for boat manufacturers. It features an integrated user interface, an efficient charger, and Vision Marine's proprietary marine-manufactured battery packs. A standout feature of the E-Motion™ system is its ability to offer scalable energy architecture, accommodating 1 to 3 battery packs providing 43 to 129 kWh. This flexibility allows for customised power solutions based on specific boating needs. Annonce • Nov 15
Vision Marine Technologies Inc. has filed a Follow-on Equity Offering in the amount of $17.25 million. Vision Marine Technologies Inc. has filed a Follow-on Equity Offering in the amount of $17.25 million.
Security Name: Common Shares
Security Type: Common Stock New Risk • Oct 31
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CA$21m Forecast net loss in 2 years: CA$4.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CA$4.6m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (42% increase in shares outstanding). Revenue is less than US$5m (CA$6.9m revenue, or US$5.0m). Market cap is less than US$100m (US$22.7m market cap). Annonce • Sep 20
Vision Marine Technologies Inc. announced that it expects to receive CAD 1.510124 million in funding Vision Marine Technologies Inc. announced that it has entered into subscription agreements with investors to issue an aggregate of 372,870 units at a price of CAD 4.05 per unit for the gross proceeds of CAD 1,510,123.5 on September 18, 2023. Each of the units issued pursuant to the private placement is comprised of one common share and one common share purchase warrant. Each full warrant will be exercisable six months from the date of issuance and entitle its holder to acquire one additional common share at a price of CAD 4.05 per common share, subject to adjustments as set forth therein, and will expire three years from the date of issuance. The closing of the private placement is expected to occur on or about September 20, 2023, subject to the satisfaction of certain customary closing conditions set forth in the subscription agreements. The securities were offered in a private placement under the Securities Act of 1933, as amended or promulgated thereunder and have not been registered under the Act, or applicable state securities laws. Annonce • Sep 12
Vision Marine Technologies Appoints Philippe Couillard as an Independent Director to the Board of Directors Vision Marine Technologies Inc. announce the appointment of Dr. Philippe Couillard as an Independent Director to the Board of Directors, effective immediately. Dr. Couillard brings a wealth of knowledge and a diverse range of experiences to his new role, and he will be instrumental in guiding Vision Marine through its next phase of growth and innovation. Dr. Couillard received his medical degree in 1979 and completed his specialty training in neurosurgery in 1985 at the Université de Montréal. With over 20 years of distinguished medical practice in Canada and abroad, Dr. Couillard has demonstrated a strong commitment to healthcare and public service. Dr. Couillard previously served as the Minister of Health for the province of Quebec from 2003 to 2008 and was the 31st Premier (First Minister) of Quebec from 2014 to 2018. His unique career encompasses an impressive blend of prior experience with electrification of transport, from public policy and business achievements, as well as medical and academic, positioning him as a leading authority in multiple disciplines. As an Independent Director, Dr. Couillard will provide invaluable insights and strategic advice, particularly in areas that align with his extensive expertise in business, throughout North America and globally, public policy, and international relations. His appointment is expected to fortify Vision Marine's governance and aid in its long-term strategic initiatives. Dr. Couillard has also been appointed to the Audit Committee of the Board. Reported Earnings • Jul 14
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: CA$0.32 loss per share (further deteriorated from CA$0.23 loss in 3Q 2022). Revenue: CA$1.30m (down 36% from 3Q 2022). Net loss: CA$3.10m (loss widened 60% from 3Q 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 22%. Revenue is forecast to grow 86% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Leisure industry in the US. Annonce • Jul 07
Vision Marine Technologies Inc., Annual General Meeting, Aug 31, 2023 Vision Marine Technologies Inc., Annual General Meeting, Aug 31, 2023. New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CA$12m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CA$3.1m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (US$43.5m market cap). Reported Earnings • Apr 14
Second quarter 2023 earnings released: CA$0.77 loss per share (vs CA$0.51 loss in 2Q 2022) Second quarter 2023 results: CA$0.77 loss per share (further deteriorated from CA$0.51 loss in 2Q 2022). Revenue: CA$831.2k (up 10% from 2Q 2022). Net loss: CA$6.70m (loss widened 58% from 2Q 2022). Board Change • Mar 29
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board Alan Gaines was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Feb 07
Vision Marine Technologies and Four Winns to Showcase the H2e Electric Bowrider At the Miami International Boat Show Vision Marine Technologies Inc. and Four Winns, a division of Groupe Beneteau announced their participation at the Miami International Boat Show from February 15-19, 2023. The companies have submitted their application for the 2023 MIBS Innovation Awards for their 180hp Electric Bowrider, the H2e. Four Winns will launch worldwide the production version of the H2e at the Miami International Boat Show, available in two different locations. The H2e will be on display in the water at the ST 300 J and H, Venetian Marina along the Venetian Causeway with Four Winns, and at Four Winns booth. Four Winns will be accepting deposits and orders. Vision Marine will also be showcasing the fastest electric boat in the world, the V32 HellKat Powered by Twin application E-Motion Technology Electric Outboards, at Booth MB-1201. The HellKat recently broke the 109 MPH mark at the Lake of the Ozark Shootout 2022, showcasing the company's commitment to advancing electric propulsion technology and the effectiveness of the E-Motion Marine Powertrain Technology. Visitors to the Miami International Boat Show are invited to visit Vision Marine and Four Winns at the Convention Center to see the latest in electric propulsion technology and the capabilities of the H2e and V32 Hellkat. Annonce • Feb 01
Vision Marine Technologies Inc. Announces Resignation of Renaud Cloutier from the Board Vision Marine Technologies Inc. announced the resignation of Mr. Renaud Cloutier from the Board of Directors for personal reasons. Annonce • Jan 28
Vision Marine Technologies Inc. has completed a Follow-on Equity Offering in the amount of $2.333405 million. Vision Marine Technologies Inc. has completed a Follow-on Equity Offering in the amount of $2.333405 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 554,253
Price\Range: $4.21
Discount Per Security: $0.17163
Transaction Features: Registered Direct Offering Reported Earnings • Jan 15
First quarter 2023 earnings released: CA$0.81 loss per share (vs CA$0.41 loss in 1Q 2022) First quarter 2023 results: CA$0.81 loss per share (further deteriorated from CA$0.41 loss in 1Q 2022). Revenue: CA$1.40m (up 16% from 1Q 2022). Net loss: CA$6.79m (loss widened 98% from 1Q 2022).