Research analysts covering Vision Marine Technologies.
Recent press releases and 8-K filings for VMAR.
Vision Marine Technologies Inc. enters into at-the-market sales agreement
VMAR
- Vision Marine Technologies Inc. entered into an at-the-market (ATM) sales agreement with ThinkEquity LLC on January 23, 2026.
- Under this agreement, the company may offer and sell common shares with an aggregate offering price of up to US$16,335,000.
- ThinkEquity LLC will serve as the sales agent, receiving compensation of 3.0% of gross proceeds from sales, or 7.5% of gross proceeds when arranging sales of US$1,000,000 or more.
- The company is not obligated to make any sales under the agreement.
Jan 26, 2026, 11:01 AM
Vision Marine Technologies Reports Q1 Fiscal 2026 Results
VMAR
Earnings
M&A
Guidance Update
- Vision Marine Technologies reported $1.9 million of cash provided by operating activities for the three-month period ended November 30, 2025, marking its first positive operating cash flow quarter.
- Total revenues for the quarter reached $15.7 million, a significant increase from $0.1 million in the prior-year period, primarily driven by the inclusion of Nautical Ventures Group Inc.'s dealership operations.
- The company recorded a net loss before taxes of $4.3 million and an EBITDA loss of $2.3 million for the quarter, reflecting the expanded operating footprint from the acquisition.
- As of November 30, 2025, Vision Marine had $2.3 million in cash and a working capital surplus of $4.7 million, further strengthened by $9.6 million in gross proceeds from equity financing completed on December 19, 2025.
Jan 13, 2026, 1:45 PM
Vision Marine Technologies Inc. Reports Q1 2026 Financials Amidst Nasdaq Compliance and Going Concern Concerns
VMAR
Earnings
M&A
Delisting/Listing Issues
- For the three-month period ended November 30, 2025, Vision Marine Technologies Inc. reported a net loss of $4,312,549, an increase from the $1,136,760 net loss in the prior-year period. However, revenues surged to $15,692,844 from $102,210, and gross profit reached $4,198,339 compared to a gross loss of $36,224.
- The significant increase in revenues and gross profit was primarily driven by the acquisition of Nautical Ventures Group Inc. (NVG) on June 20, 2025, which contributed $15,497,663 in revenues and $4,095,987 in gross profit for the period ended November 30, 2025.
- The Company faces substantial doubt about its ability to continue as a going concern due to recurring losses, a deficit of $75,894,107, and negative cash flows from operations for the past three years and the current quarter, necessitating additional financing. As of November 30, 2025, cash stood at $2,299,575.
- As of January 2, 2026, VMAR's common shares traded at $0.20, falling below the $1.00 Nasdaq minimum bid price requirement, and a proposed fourth reverse stock split has been announced to address this compliance issue and avoid potential delisting.
Jan 13, 2026, 1:30 PM
Vision Marine Technologies Announces Reverse Stock Split
VMAR
Delisting/Listing Issues
- Vision Marine Technologies Inc. (VMAR) announced a 1 for 40 reverse stock split.
- The reverse stock split is expected to become effective on January 14, 2026, with shares trading on a split-adjusted basis under the existing symbol "VMAR".
- The primary goal of the split is to increase the per share market price to comply with the Nasdaq minimum $1.00 bid price requirement.
- This action will reduce the company's issued and outstanding common shares from approximately 37,008,735 to approximately 925,218.
Jan 12, 2026, 1:30 PM
Vision Marine Technologies Announces Closing of Public Offering
VMAR
New Projects/Investments
- Vision Marine Technologies (VMAR) announced the closing of its previously announced public offering on December 19, 2025.
- The offering consisted of 32,000,000 units at a public offering price of $0.30 per unit, resulting in $9,600,000 in gross proceeds.
- Each unit includes one common share (or pre-funded warrant) and one-half of one warrant, with each whole warrant entitling the holder to purchase one common share at an exercise price of $0.375 per share.
- The company intends to use the proceeds primarily for general corporate purposes, working capital, inventory management, servicing floorplan lines of credit, and prosecuting patent applications for its E-Motion™ electric powertrain technology.
Dec 19, 2025, 8:15 PM
Vision Marine Technologies Prices Public Offering
VMAR
- Vision Marine Technologies Inc. (NASDAQ: VMAR) announced the pricing of a best-efforts public offering of 32,000,000 units at $0.30 per unit, aiming to raise $9,600,000 in gross proceeds before deducting fees and expenses.
- Each unit in the offering comprises one common share (or pre-funded warrant) and one-half of one warrant, with each whole warrant entitling the holder to purchase one common share at an exercise price of $0.375 per share and expiring five years from the date of issuance.
- The company intends to primarily use the proceeds for general corporate purposes and working capital, including inventory management, servicing floorplan lines of credit, general and administrative expenses, and prosecuting patent applications related to its E-Motion™ electric powertrain technology.
- The offering is anticipated to close on December 19, 2025, subject to customary closing conditions.
Dec 18, 2025, 4:25 AM
Vision Marine Technologies Provides Investor Update on Nautical Ventures Integration and Strategic Growth
VMAR
M&A
Product Launch
Revenue Acceleration/Inflection
- Vision Marine Technologies has integrated Nautical Ventures, an award-winning boat dealership that generated approximately $100 million in revenue in 2024 with a 22%+ CAGR over the last 5 years.
- As of August 31, 2025, the combined entity held $39.6 million in inventory and deposits to suppliers. Floor-plan loans were significantly reduced from $32.5 million to $22.1 million between August 31, 2025, and November 26, 2025.
- Vision Marine's proprietary E-Motion™ electric powertrain technology, featuring 13 pending patents, is integrated into over 25 different OEM boat platforms.
- Following the Nautical Ventures integration, 166 boats were sold within 120 days as of November 12, 2025.
- As of December 3, 2025, Vision Marine Technologies had 5,008,735 common shares issued and outstanding and a market capitalization of $5.4 million as of December 1, 2025.
Dec 9, 2025, 12:00 PM
Vision Marine Secures Lease and Purchase Option for Florida Marina
VMAR
New Projects/Investments
Revenue Acceleration/Inflection
- Vision Marine Technologies' Nautical Ventures division has entered into a commercial lease and purchase option agreement for the Anglers Avenue Marine Center marina in Dania Beach, Florida, securing a strategic waterfront asset.
- The marina generated approximately US$3.2 million in 2024 from limited storage and service activities.
- Vision Marine plans to expand the marina from 109 active slips to nearly 300 vessels, projecting multi-million-dollar recurring storage revenue annually.
- This expansion supports Vision Marine's strategy to enhance retail and service infrastructure, including establishing the marina as a regional hub for E-Motion™ electric-boat integrations.
Dec 9, 2025, 9:00 AM
Vision Marine Technologies Inc. Reports Pro Forma Financials Following Nautical Ventures Group Acquisition
VMAR
M&A
- Vision Marine Technologies Inc. (VMAR) filed a 6-K report detailing the acquisition of Nautical Ventures Group Inc. (NVG), which closed on June 20, 2025.
- The report includes unaudited pro forma combined financial statements for the year ended August 31, 2025, presented as if the acquisition occurred on September 1, 2024.
- For the pro forma combined year ended August 31, 2025, revenue is reported as $76,531,271, with a net loss of ($53,183,857) and a basic and diluted loss per share of ($60.26).
Dec 3, 2025, 1:17 PM
Vision Marine Technologies Reports FY 2025 Results and Highlights Strategic Expansion
VMAR
Earnings
M&A
New Projects/Investments
- Vision Marine Technologies (VMAR) announced financial results for the fiscal year ended August 31, 2025, with significant commercial expansion driven by the acquisition of Nautical Ventures Group Inc..
- Between the acquisition date of June 20, 2025, and August 31, 2025, Nautical Ventures generated US$12.8 million in revenue and US$4.7 million of gross profit.
- Nautical Ventures' outstanding floor-plan financing balance was reduced from US$42 million on June 20, 2025, to US$32.5 million at fiscal year-end August 31, 2025, and further to approximately US$22.1 million as of November 28, 2025.
- The consolidation of operations of two North Palm Beach locations is expected to generate approximately US$1.6 million in annual operational savings.
Nov 28, 2025, 9:40 PM
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