Vision Marine Technologies announced that from June 20 to Aug. 8 it generated approximately $8.2 million in gross revenue through boat sales, compared with Vision’s total boat sales of $1.4 million for its entire fiscal year ended Aug. 31, 2024. This short-term performance highlights the impact of the Nautical Ventures acquisition, expanded retail footprint and integrated sales infrastructure, according to a company statement.
“We want to be clear with investors: This is a materially different Vision Marine than it was last year,” CEO Alexandre Mongeon said in the statement. “Through the acquisition of Nautical Ventures, we’ve added real sales volume, operational scale and a platform capable of accelerating both electric and traditional boat sales.”
The growth was accompanied by a 44% reduction in floorplan financing, declining from approximately $56.1 million as of Dec. 31, 2024, to $31.3 million as of Aug. 8. Inventory turnover has also accelerated, the statement said. The company also reduced its product inventory by approximately $4.9 million, driven by increased demand across both traditional and electric boat categories.
Vision Marine also announced that it is expanding into the tender segment, leveraging Nautical Ventures’ role as a leading U.S. distributor of Highfield Boats, which sold more than 600 units from 2022 to 2024 and generated more than $14 million in related revenue. A dedicated Fort Lauderdale, Fla., facility now serves as a hub for tender sales and service.
