Vision Marine Technologies Full Year 2023 Earnings: Misses Expectations

Simply Wall St

November 30, 2023

Vision Marine Technologies (NASDAQ:VMAR) Full Year 2023 Results

Key Financial Results

Revenue: CA$5.65m (down 23% from FY 2022).
Net loss: CA$20.9m (loss widened by 59% from FY 2022).
CA$2.25 loss per share (further deteriorated from CA$1.58 loss in FY 2022).

earnings-and-revenue-growth — NasdaqCM:VMAR Earnings and Revenue Growth November 30th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Vision Marine Technologies Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 78% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Leisure industry in the US.

Performance of the American Leisure industry.

The company's shares are down 22% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Vision Marine Technologies has 5 warning signs we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.