Vision Marine Technologies (VMAR) investor relations material

Executive summary

• Achieved 27% sequential revenue growth in Q3, reaching $18.4 million, driven by the integration of NVG.

• Nine-month revenue totaled $48.6 million, up from $0.4 million year-over-year, reflecting NVG acquisition impact.

• Generated $2.4 million in operating cash flow for the first nine months, supported by inventory reduction and working capital discipline.

• Net loss for the nine-month period was $11.9 million, including asset depreciation, financing costs, and a supplier deposit impairment.

Financial highlights

• Q3 revenue increased 27% sequentially to $18.4 million; nine-month revenue reached $48.6 million.

• Gross profit for nine months was $11.8 million, with a 24.3% gross margin, reversing a prior-year gross loss.

• Strategic sale of two legacy yachts generated $4.1 million in revenue but resulted in a $55,000 gross loss.

• Inventory reduced by 44% to $20.7 million; floorplan financing down 69% to $10.2 million since fiscal year-end.

Outlook and guidance

• Focus remains on disciplined capital allocation, operational execution, and building long-term shareholder value.

• Advancing commercialization of E-Motion™ technology and expanding recurring revenue streams.

• Management expects continued need for additional capital to support operations and strategic initiatives.