Yahoo Finance Vision Marine Technologies Second Quarter 2024 Earnings: Misses Expectations
Vision Marine Technologies (NASDAQ:VMAR) Second Quarter 2024 Results
Key Financial Results
Revenue: CA$728.6k (down 12% from 2Q 2023).
Net loss: CA$8.41m (loss widened by 26% from 2Q 2023).
CA$0.72 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vision Marine Technologies Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 68%. Earnings per share (EPS) also missed analyst estimates by 112%.
Looking ahead, revenue is forecast to grow 115% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the Leisure industry in the US.
Performance of the American Leisure industry.
The company's shares are down 13% from a week ago.
Risk Analysis
Be aware that Vision Marine Technologies is showing 5 warning signs in our investment analysis and 2 of those are concerning...
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