Vision Marine Technologies (NASDAQ:VMAR) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$637.6k (down 51% from 3Q 2023).

• Net loss: CA$3.13m (loss widened by 1.2% from 3Q 2023).

• CA$0.26 loss per share.

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

Vision Marine Technologies EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 60%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, 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.

Performance of the American Leisure industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 5 warning signs for Vision Marine Technologies (2 make us uncomfortable!) that you need to be mindful of.

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