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Vision Marine Technologies ( (VMAR) ) has shared an announcement.
Vision Marine Technologies reported a pivotal first quarter of fiscal 2026, generating $1.9 million in cash from operating activities—its first quarter of positive operating cash flow—supported by early integration of Nautical Ventures and initial implementation of operating efficiencies and organizational alignment. Quarterly revenue surged to $15.7 million from $0.1 million a year earlier, and gross profit reached $4.2 million, or 27%, largely due to the expanded U.S. retail platform, while the company still posted a net loss before taxes of $4.3 million and an EBITDA loss of $2.3 million as it absorbs the cost of the NVG acquisition. Management highlighted a strengthening liquidity position, underpinned by $2.3 million in quarter-end cash, a $4.7 million working capital surplus and an additional $9.6 million in equity financing completed after quarter-end, and outlined a 2026 plan focused on further integration of Nautical Ventures, cost reductions, disciplined inventory management, divestiture of non-core real estate assets, and improved cash flow, margins and balance-sheet resilience amid a soft recreational boating market.
The most recent analyst rating on (VMAR) stock is a Hold with a $0.19 price target. To see the full list of analyst forecasts on Vision Marine Technologies stock, see the VMAR Stock Forecast page.
Spark’s Take on VMAR Stock
According to Spark, TipRanks’ AI Analyst, VMAR is a Neutral.
The score is held down primarily by weak financial performance—large and widening losses, ongoing cash burn, and increased leverage—despite strong revenue growth. Technicals add further pressure with a pronounced downtrend versus all key moving averages and negative MACD, while valuation is constrained by negative earnings and no dividend support.
To see Spark’s full report on VMAR stock, click here.
More about Vision Marine Technologies
Vision Marine Technologies Inc. is a Montreal-based electric marine propulsion company that designs and manufactures high-voltage powertrain systems and operates a premium recreational boat retail network, with a growing U.S. retail footprint enhanced by the acquisition of Nautical Ventures Group’s dealership operations.
Average Trading Volume: 10,369,526
Technical Sentiment Signal: Sell
Current Market Cap: $4.74M
Learn more about VMAR stock on TipRanks’ Stock Analysis page.