Vision Marine Technologies Inc. (NASDAQ: VMAR), recognized for its leadership in electric marine propulsion, has announced a staggering 504% increase in boat sales revenue, reaching approximately $8.2 million, subsequent to its acquisition of Nautical Ventures Group Inc. This surge, recorded from June 20 to Aug. 8, marks a significant leap from the company's total boat sales for fiscal 2024, illustrating the acquisition's immediate impact on Vision Marine's financial performance.
Alongside the revenue growth, Vision Marine has successfully reduced its floor plan liabilities by 44%, now totaling $31.3 million, and decreased inventory by $4.9 million. The company also reported a 900% year-over-year increase in inbound leads, indicating a strong market demand and promising prospects for continued expansion. The acquisition has not only scaled up Vision Marine's sales but also enabled its foray into the tender boat market through Nautical Ventures' Highfield Boats distribution, complemented by a new sales and service center in Fort Lauderdale.
Vision Marine's management has praised the acquisition as a pivotal step that has dramatically accelerated the company's growth and operational efficiency. Additional insights into the company's performance and future strategies are expected to be disclosed in the Q4 2025 results, set for release in November. For further details on Vision Marine Technologies and its innovative solutions in marine propulsion, visit https://ibn.fm/VMAR.
The strategic acquisition of Nautical Ventures Group has broadened Vision Marine's portfolio to include both traditional internal combustion engine boats and advanced electric propulsion systems, while also enhancing its footprint on the U.S. East Coast. This expansion is strategically aligned with the changing preferences of recreational boaters, reinforcing Vision Marine's status as a frontrunner in the marine technology industry.
