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Vision Marine Technologies, Inc.
730 Boulevard du Curé-Boivin
Boisbriand, Quebec J7G 2A7
BASIC INFORMATION
COMPANY HISTORY
Vision Marine Technologies Inc. was founded in 1995 and is headquartered in Boisbriand, Canada. The company was formerly known as Riopel Marine Inc. and changed its name to Vision Marine Technologies Inc. in April 2020.
Vision Marine Technologies is repositioning itself at a strategic inflection point following a multi-year development cycle of its proprietary electric powertrain system, E-Motion™ 180E.
The Company’s transition from a technology-first OEM supplier to a vertically integrated direct-to-consumer (DTC) player is reshaping its business model amid ongoing financial volatility and external headwinds.
COMPANY BUSINESS SUMMARY
Vision Marine Technologies Inc. (NASDAQ: VMAR) designs and manufactures cutting-edge electric propulsion systems and complete electric boat solutions. The Company’s flagship E-Motion™ 180E powertrain is a market-proven, purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon, now available for order.
Vision Marine collaborates with industry-leading OEMs to accelerate the adoption of powerful, maintenance-friendly electric boating solutions worldwide.
Vision’s February 2025 quarterly update confirms early execution on key initiatives, including exclusive OEM supply agreements, continued patent filings, and capital inflows to support scale-up. The company has established a roadmap to profitability that is designed to navigate market cyclicality, production complexity, and capital market and regulatory uncertainties with growing structural alignment.
TOP OFFICERS
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Name
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Title
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Fiscal Year Pay
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Biography
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| Alex Mongeon (48) | CEO & Director | $427,000 | View Biography |
| Xavier Montagne (50) | CTO & COO | $255,000 | View Biography |
| Raffi Sossoyan (53) | CFO | $410,000 | View Biography |
| Anthony E. Cassella Jr. | Independent Director | View Biography |
COMPANY NEWS
SHARE RELATED INFORMATION
| 52 Week High: | $1,023.30 on 6/28/24 | Total Shares Outstanding: | 1,105,135 |
| 52 Week Low: | $4.03 on 3/31/25 | Public Float: | 750,000 |
| All time High: | $1,023.30 on 6/28/24 | Earnings Per Share: | |
| All time Low: | $2,000.45 on 1/24/21 | Book Value: | $8.18 |
View Historical Stock Prices & Volume for this company
FUNDAMENTAL INVESTMENT HIGHLIGHTS
Pioneering Electric Marine Propulsion Technology - Vision Marine is at the forefront of electrifying the boating industry with its E-Motion™ electric outboard powertrain system. This innovative technology combines advanced battery packs, inverters, high-efficiency motors, and proprietary software, positioning the company as a leader in sustainable marine transportation.
Strong Analyst Endorsements and Price Targets - Analysts have expressed strong confidence in VMAR, with a consensus "Strong Buy" rating. Price targets are notably high, with some forecasts suggesting significant upside potential from current levels.
Financial Stability with Low Debt and Adequate Cash Reserves - Despite being in a growth phase, Vision Marine maintains a low debt-to-equity ratio and holds sufficient cash reserves (~USD $8 million) to cover its annual cash burn. This financial prudence provides a solid foundation for future expansion.
Technology Readiness and Product Maturity - The E-Motion 180E propulsion system delivers 180 horsepower at the propeller and includes a marine-validated high-voltage battery pack, control software, and adaptive cooling infrastructure.
It also has a clear advantage from an environmental and user experience perspective. It doesn’t produce emissions when operating, so it has a reduced impact on air and water quality. Quiet operation, no fuel smell typical of an internal combustion engine, and no pollution or unsightly
oil rainbows on the water.
INSIDER ACTIVITY
N/A
FINANCIAL SNAPSHOT
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All numbers in Thousands |
Fiscal Yr
Ends 8/2024 |
Prior Fiscal Yr
Ends 8/2023 |
Recent Quarter
Ends 0/0 |
| Revenues | CAD $3,794 | CAD $5,651 | |
| Pre-Tax Earnings (Losses) | ($14,317) | ($22,694) | |
| Total Cash | $924 | $3,637 | |
| Total Assets | $11,420 | $24,047 | |
| Total Liabilities | $2,675 | $7,632 | |
| Shareholders Equity | $8,745 | $16,415 | |
View all Filings for this company
NEWSPAPER / MAGAZINE ARTICLES / RESEARCH REPORTS
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