Vision Marine Technologies (NASDAQ:VMAR) Posts Quarterly Earnings Results, Beats Expectations By $64.34 EPS

Vision Marine Technologies (NASDAQ:VMAR) posted its earnings results on Tuesday. The company reported ($0.86) earnings per share for the quarter, topping analysts’ consensus estimates of ($65.20) by $64.34, Zacks reports. The firm had revenue of $15.57 million for the quarter, compared to analyst estimates of $0.51 million. Vision Marine Technologies had a negative net margin of 156.52% and a negative return on equity of 198.37%.

Vision Marine Technologies Price Performance

Shares of NASDAQ VMAR opened at $0.14 on Wednesday. The stock has a market cap of $662,850.00, a price-to-earnings ratio of 0.00 and a beta of 0.27. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.44 and a current ratio of 1.19. Vision Marine Technologies has a fifty-two week low of $0.12 and a fifty-two week high of $25.50. The firm’s 50-day simple moving average is $0.72 and its 200 day simple moving average is $2.29.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Vision Marine Technologies in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Vision Marine Technologies currently has a consensus rating of “Sell”.

About Vision Marine Technologies

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.