Vision Marine Technologies Past Earnings Performance
Past criteria checks 0/6
Vision Marine Technologies's earnings have been declining at an average annual rate of -37.5%, while the Leisure industry saw earnings growing at 12.2% annually. Revenues have been growing at an average rate of 23.3% per year.
Key information
-37.5%
Earnings growth rate
-28.4%
EPS growth rate
| Leisure Industry Growth | 16.9% |
| Revenue growth rate | 23.3% |
| Return on equity | -395.1% |
| Net Margin | -300.3% |
| Last Earnings Update | 31 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Vision Marine Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 May 24 | 5 | -15 | 14 | 3 |
| 29 Feb 24 | 5 | -15 | 16 | 3 |
| 30 Nov 23 | 5 | -13 | 16 | 3 |
| 31 Aug 23 | 6 | -21 | 15 | 6 |
| 31 May 23 | 7 | -21 | 13 | 7 |
| 28 Feb 23 | 8 | -19 | 12 | 7 |
| 30 Nov 22 | 8 | -16 | 13 | 6 |
| 31 Aug 22 | 7 | -13 | 14 | 2 |
| 31 May 22 | 6 | -13 | 14 | 1 |
| 28 Feb 22 | 5 | -16 | 15 | 1 |
| 30 Nov 21 | 4 | -17 | 16 | 1 |
| 31 Aug 21 | 4 | -15 | 13 | 1 |
| 31 May 21 | 2 | -13 | 11 | 0 |
| 28 Feb 21 | 2 | -8 | 7 | 0 |
| 30 Nov 20 | 2 | -4 | 4 | 0 |
| 31 Aug 20 | 2 | -2 | 3 | 0 |
| 31 May 20 | 2 | 0 | 1 | 0 |
| 29 Feb 20 | 2 | 0 | 1 | 0 |
| 30 Nov 19 | 2 | 0 | 1 | 0 |
| 31 Aug 19 | 3 | 0 | 1 | 0 |
| 31 Aug 18 | 1 | 0 | 1 | 0 |
Quality Earnings: VMAR is currently unprofitable.
Growing Profit Margin: VMAR is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VMAR is unprofitable, and losses have increased over the past 5 years at a rate of 37.5% per year.
Accelerating Growth: Unable to compare VMAR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VMAR is unprofitable, making it difficult to compare its past year earnings growth to the Leisure industry (-44.5%).
Return on Equity
High ROE: VMAR has a negative Return on Equity (-395.12%), as it is currently unprofitable.