LOS ANGELES, CA - August 14, 2025 (NEWMEDIAWIRE) - Vision Marine Technologies (NASDAQ: VMAR), a leader in electric marine propulsion and multi-brand boat retail, reported a sharp boost in sales performance and operational efficiency following its June acquisition of Nautical Ventures Group Inc. From June 20 to Aug. 8, the new division generated about $8.2 million in boat sales revenue - a 504% increase over the company's total boat sales for fiscal 2024. The surge was accompanied by a 44% reduction in floor plan liabilities to $31.3 million, a $4.9 million drop in inventory, and a 900% year-over-year rise in inbound leads. Vision Marine also expanded into the tender boat market via Nautical Ventures' Highfield Boats distribution, supported by a new Fort Lauderdale sales and service hub. Management said the acquisition has transformed the company's sales scale and growth potential, with more details to come in its Q4 2025 results in November.
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About Vision Marine Technologies Inc.
Vision Marine Technologies Inc.is a technology company specializing in high-voltage electric propulsion systems for the marine industry. The Company's flagship product, the E-Motion(TM) 180E, is a fully industrialized high-voltage electric outboard system for recreational boating, validated through partnerships with leading industry players. With the recent acquisition of Nautical Ventures Group, Vision Marine has expanded its sales and service network on the East Coast of the United States. Through Nautical Ventures' multi-brand retail operations, Vision Marine now offers both traditional internal combustion engine (ICE) boats and next-generation electric propulsion solutions, providing a full range of products to meet the current and evolving needs of recreational boaters.
For more information, visit the company's website at www.VisionMarineTechnologies.com
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Forward Looking Statements
Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.
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