VMAR: Vision Marine Technologies Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Vision Marine Technologies Inc (VMAR).
$2.04M Market Cap.
VMAR Market Cap. (MRY)
VMAR Shares Outstanding (MRY)
VMAR Assets (MRY)
Total Assets
$11.42M
Total Liabilities
$8.40M
Total Investments
$5.93K
VMAR Income (MRY)
Revenue
$3.79M
Net Income
-$14.06M
Operating Expense
$23.47M
VMAR Cash Flow (MRY)
CF Operations
-$11.64M
CF Investing
$615.61K
CF Financing
$7.73M
VMAR Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $11,420,241 (-52.51%) | $24,046,512 (-17.37%) | $29,100,209 (-25.00%) | $38,801,292 (968.43%) |
Assets Current | $8,613,567 (1.49%) | $8,487,113 (-26.84%) | $11,600,940 (-45.59%) | $21,321,397 (773.62%) |
Assets Non-Current | $2,806,674 (-81.96%) | $15,559,399 (-11.09%) | $17,499,269 (0.11%) | $17,479,895 (1367.63%) |
Goodwill & Intangible Assets | $868,543 (-91.84%) | $10,647,665 (1.74%) | $10,465,310 (2.01%) | $10,259,360 (0%) |
Shareholders Equity | $3,019,987 (-73.89%) | $11,564,437 (-51.87%) | $24,028,596 (-28.33%) | $33,525,187 (4133.43%) |
Property Plant & Equipment Net | $1,839,229 (-61.10%) | $4,728,519 (5.55%) | $4,480,082 (3.71%) | $4,319,708 (262.69%) |
Cash & Equivalents | $63,126 (-98.12%) | $3,359,257 (-42.33%) | $5,824,716 (-67.90%) | $18,147,821 (1299.41%) |
Accumulated Other Comprehensive Income | $1,127,048 (9.14%) | $1,032,628 (48.01%) | $697,671 (79.55%) | $388,566 (0%) |
Deferred Revenue | $827,642 (-54.42%) | $1,815,731 (76.40%) | $1,029,318 (14.53%) | $898,713 (4296.19%) |
Total Investments | $5,929 (-94.83%) | $114,755 (-95.51%) | $2,553,877 (-11.42%) | $2,883,280 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $5,929 (-94.83%) | $114,755 (-95.51%) | $2,553,877 (-11.42%) | $2,883,280 (0%) |
Inventory | $6,209,287 (153.90%) | $2,445,554 (16.80%) | $2,093,776 (5.96%) | $1,976,084 (302.03%) |
Trade & Non-Trade Receivables | $138,656 (-74.83%) | $550,836 (16.57%) | $472,548 (47.79%) | $319,740 (304.60%) |
Trade & Non-Trade Payables | $4,497,508 (156.28%) | $1,754,900 (70.32%) | $1,030,331 (21.49%) | $848,054 (32.54%) |
Accumulated Retained Earnings (Deficit) | -$65,609,357 (-27.28%) | -$51,548,737 (-68.07%) | -$30,671,552 (-74.67%) | -$17,559,766 (-617.94%) |
Tax Assets | $99,427 (-40.46%) | $167,000 (-75.50%) | $681,663 (441.65%) | $125,849 (-68.71%) |
Tax Liabilities | $0 (0%) | $45,137 (-76.40%) | $191,232 (-26.72%) | $260,963 (895.43%) |
Total Debt | $803,048 (-75.03%) | $3,215,818 (14.01%) | $2,820,732 (-13.70%) | $3,268,375 (51.79%) |
Debt Current | $308,090 (-74.06%) | $1,187,879 (46.45%) | $811,092 (0.16%) | $809,759 (-35.04%) |
Debt Non-Current | $494,958 (-75.59%) | $2,027,939 (0.91%) | $2,009,640 (-18.26%) | $2,458,616 (171.17%) |
Total Liabilities | $8,400,254 (-32.70%) | $12,482,075 (146.12%) | $5,071,613 (-3.88%) | $5,276,105 (85.80%) |
Liabilities Current | $7,689,681 (58.54%) | $4,850,177 (68.76%) | $2,873,929 (6.65%) | $2,694,834 (41.33%) |
Liabilities Non-Current | $710,573 (-90.69%) | $7,631,898 (247.27%) | $2,197,684 (-14.86%) | $2,581,271 (176.70%) |
VMAR Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $3,794,345 (-32.86%) | $5,651,502 (-23.12%) | $7,350,946 (109.20%) | $3,513,788 (45.37%) |
Cost of Revenue | $2,296,907 (-44.18%) | $4,115,076 (1.22%) | $4,065,381 (112.89%) | $1,909,606 (5.34%) |
Selling General & Administrative Expense | $7,690,166 (-27.35%) | $10,584,977 (45.85%) | $7,257,688 (77.88%) | $4,080,127 (445.14%) |
Research & Development Expense | $2,739,022 (-51.99%) | $5,704,912 (154.37%) | $2,242,794 (50.53%) | $1,489,953 (0%) |
Operating Expenses | $23,469,871 (-3.41%) | $24,299,023 (52.68%) | $15,915,347 (9.69%) | $14,509,856 (425.68%) |
Interest Expense | -$7,480,761 (-366.23%) | -$1,604,536 (-817.40%) | $223,660 (-90.09%) | $2,256,392 (1981.54%) |
Income Tax Expense | -$255,463 (9.05%) | -$280,875 (-208.72%) | $258,343 (144.67%) | $105,590 (395.52%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$14,060,620 (32.65%) | -$20,877,186 (-59.22%) | -$13,111,785 (13.25%) | -$15,113,907 (-564.19%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$14,060,620 (32.65%) | -$20,877,186 (-59.22%) | -$13,111,785 (13.25%) | -$15,113,907 (-564.19%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$14,060,620 (32.65%) | -$20,877,186 (-59.22%) | -$13,111,785 (13.25%) | -$15,113,907 (-564.19%) |
Weighted Average Shares | $9,153 (31.53%) | $6,959 (12.31%) | $6,196 (12.84%) | $5,491 (77.36%) |
Weighted Average Shares Diluted | $9,153 (31.53%) | $6,959 (12.31%) | $6,196 (12.84%) | $5,491 (77.36%) |
Earning Before Interest & Taxes (EBIT) | -$21,796,844 (4.24%) | -$22,762,597 (-80.23%) | -$12,629,782 (0.96%) | -$12,751,925 (-494.27%) |
Gross Profit | $1,497,438 (-2.54%) | $1,536,426 (-53.24%) | $3,285,565 (104.81%) | $1,604,182 (165.42%) |
Operating Income | -$21,972,433 (3.47%) | -$22,762,597 (-80.23%) | -$12,629,782 (2.14%) | -$12,905,674 (-498.64%) |
VMAR Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | $615,608 (214.63%) | -$537,020 (44.32%) | -$964,503 (89.81%) | -$9,468,395 (-25044.45%) |
Net Cash Flow from Financing | $7,730,465 (-36.00%) | $12,079,484 (3438.88%) | -$361,783 (-101.05%) | $34,570,833 (1896.43%) |
Net Cash Flow from Operations | -$11,642,204 (16.89%) | -$14,007,923 (-27.38%) | -$10,996,819 (-33.27%) | -$8,251,438 (-1798.37%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$3,296,131 (-33.69%) | -$2,465,459 (79.99%) | -$12,323,105 (-173.13%) | $16,851,000 (1238.10%) |
Net Cash Flow - Business Acquisitions and Disposals | $1,089,302 (0%) | $0 (0%) | $0 (0%) | -$5,029,416 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | - | $0 (0%) | $0 (0%) | -$3,400,000 (0%) |
Capital Expenditure | -$473,694 (11.79%) | -$537,020 (44.32%) | -$964,503 (7.17%) | -$1,038,979 (-1232.61%) |
Issuance (Repayment) of Debt Securities | -$596,027 (-14.29%) | -$521,500 (-40.27%) | -$371,784 (57.96%) | -$884,406 (-4108.18%) |
Issuance (Purchase) of Equity Shares | $1,781,194 (-85.86%) | $12,600,984 (125897.24%) | $10,001 (-99.97%) | $35,455,239 (1805.02%) |
Payment of Dividends & Other Cash Distributions | - | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $395,988 (-65.15%) | $1,136,182 (-57.91%) | $2,699,481 (-62.09%) | $7,121,444 (442.76%) |
Depreciation Amortization & Accretion | $1,022,437 (-3.63%) | $1,060,897 (11.03%) | $955,513 (129.11%) | $417,050 (145.06%) |
VMAR Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 39.50% (45.22%) | 27.20% (-39.15%) | 44.70% (-2.19%) | 45.70% (82.80%) |
Profit Margin | -370.60% (-0.32%) | -369.40% (-107.06%) | -178.40% (58.52%) | -430.10% (-357.07%) |
EBITDA Margin | -547.50% (-42.58%) | -384.00% (-141.81%) | -158.80% (54.76%) | -351.00% (-329.62%) |
Return on Average Equity (ROAE) | -206.40% (-36.42%) | -151.30% (-199.60%) | -50.50% (42.68%) | -88.10% (87.23%) |
Return on Average Assets (ROAA) | -77.30% (12.66%) | -88.50% (-110.71%) | -42.00% (41.01%) | -71.20% (13.28%) |
Return on Sales (ROS) | -574.50% (-42.63%) | -402.80% (-134.46%) | -171.80% (52.66%) | -362.90% (-308.67%) |
Return on Invested Capital (ROIC) | -264.90% (-6.86%) | -247.90% (-167.13%) | -92.80% (50.69%) | -188.20% (-96.66%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% |
Price to Earnings Ratio (P/E) | -0.2 (91.28%) | -2.26 (57.62%) | -5.33 (-35.56%) | -3.93 |
Price to Sales Ratio (P/S) | 0.73 (-91.27%) | 8.35 (-12.24%) | 9.51 (-43.82%) | 16.93 |
Price to Book Ratio (P/B) | 0.92 (-78.72%) | 4.31 (47.76%) | 2.92 (51.64%) | 1.93 |
Debt to Equity Ratio (D/E) | 2.78 (157.83%) | 1.08 (411.37%) | 0.21 (34.39%) | 0.16 (-95.62%) |
Earnings Per Share (EPS) | -1,536.2 (48.80%) | -3,000.2 (-41.78%) | -2,116.1 (23.16%) | -2,754 (-264.29%) |
Sales Per Share (SPS) | 304.82 (-49.33%) | 601.59 (-34.08%) | 912.6 (78.27%) | 511.93 (-13.46%) |
Free Cash Flow Per Share (FCFPS) | -1,323.72 (36.67%) | -2,090.18 (-8.27%) | -1,930.46 (-14.10%) | -1,691.92 (-921.70%) |
Book Value Per Share (BVPS) | 329.95 (-80.15%) | 1,661.87 (-57.15%) | 3,878.02 (-36.48%) | 6,105.44 (2286.60%) |
Tangible Assets Book Value Per Share (TABVPS) | 1,152.83 (-40.13%) | 1,925.48 (-35.98%) | 3,007.52 (-42.14%) | 5,197.91 (343.07%) |
Enterprise Value Over EBIT (EV/EBIT) | 0 (0%) | -2 (60.00%) | -5 (-66.67%) | -3 |
Enterprise Value Over EBITDA (EV/EBITDA) | -0.19 (92.02%) | -2.39 (57.26%) | -5.6 (-66.25%) | -3.37 |
Asset Turnover | 0.21 (-12.92%) | 0.24 (2.13%) | 0.23 (41.57%) | 0.17 (-80.96%) |
Current Ratio | 1.12 (-36.00%) | 1.75 (-56.65%) | 4.04 (-48.98%) | 7.91 (518.13%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$12,115,898 (16.70%) | -$14,544,943 (-21.60%) | -$11,961,322 (-28.75%) | -$9,290,417 (-1712.33%) |
Enterprise Value (EV) | $2,917,712 (-92.42%) | $38,484,672 (-23.48%) | $50,295,679 (51.29%) | $33,244,699 |
Earnings Before Tax (EBT) | -$14,316,083 (32.34%) | -$21,158,061 (-64.61%) | -$12,853,442 (14.36%) | -$15,008,317 (-565.79%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$20,774,407 (4.27%) | -$21,701,700 (-85.89%) | -$11,674,269 (5.36%) | -$12,334,875 (-524.35%) |
Invested Capital | $3,601,939 (-57.15%) | $8,405,231 (-34.11%) | $12,756,986 (16.31%) | $10,967,652 (324.91%) |
Working Capital | $923,886 (-74.60%) | $3,636,936 (-58.33%) | $8,727,011 (-53.15%) | $18,626,563 (3389.69%) |
Tangible Asset Value | $10,551,698 (-21.25%) | $13,398,847 (-28.10%) | $18,634,899 (-34.71%) | $28,541,932 (685.93%) |
Market Capitalization | $2,037,846 (-94.48%) | $36,946,987 (-31.52%) | $53,951,434 (4.52%) | $51,618,971 |
Average Equity | $6,812,904 (-50.61%) | $13,795,320 (-46.85%) | $25,953,216 (51.26%) | $17,158,551 (5102.62%) |
Average Assets | $18,194,247 (-22.88%) | $23,592,352 (-24.44%) | $31,224,518 (47.17%) | $21,216,458 (665.08%) |
Invested Capital Average | $8,228,117 (-10.39%) | $9,181,700 (-32.56%) | $13,614,968 (100.98%) | $6,774,418 (202.14%) |
Shares | 9,167 (24.60%) | 7,357 (18.37%) | 6,215 (4.35%) | 5,956 (8.67%) |
