What Caused Vision Marine Technologies (VMAR) Stock to Surge Nearly 17% in After-Hours Trading?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2025
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Source: Benzinga
Stock Performance: Vision Marine Technologies Inc. (NASDAQ: VMAR) shares rose 16.67% to $0.28 in after-hours trading following a best-efforts public offering, despite a significant 98.40% decline over the past year.
Offering Details: The company priced 32 million units at $0.30 each, aiming for gross proceeds of $9.6 million, with each unit consisting of one common share and a half warrant.
Use of Proceeds: Funds from the offering will be allocated for general corporate purposes, including working capital, inventory management, and development of its E-Motion™ electric powertrain technology.
Market Metrics: VMAR's stock has a market capitalization of $1.20 million and is currently trading near its 52-week low, indicating a potential continuation of its downtrend.
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Analyst Views on VMAR
About VMAR
Vision Marine Technologies Inc. is a Canada-based company which is engaged in the business of manufacture, sale, and rental of electric boats, as well as the design and commercialization of electric propulsion systems. The Company operates two segments: Vision Marine Segment and Nautical Ventures (NVG) Segment. Through its two pillars: high-voltage electric propulsion technology and the Nautical Ventures multi-brand retail and service network delivers a scalable marine platform built for consumer experience and long-term growth. The Company’s flagship E-Motion 180E powertrain is a purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon. Its Vision Marine Segment includes design and manufacture of electric boats, sales of electric boats, motors, and related parts and others. Its NVG Segment includes retail dealerships for recreational boats, engines, tenders, and marine products and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Vision Marine Technologies (VMAR) Reports $1.9M Positive Cash Flow and $15.7M Revenue in Q1 2026
- Financial Inflection Point: Vision Marine generated $1.9 million in positive cash flow during Q1 2026, marking the company's first positive operating cash flow following the acquisition of Nautical Ventures, indicating early operational efficiencies.
- Significant Revenue Growth: Total revenues reached $15.7 million for the quarter, a substantial increase from $0.1 million in the prior year, primarily driven by the integration of Nautical Ventures' dealership operations, significantly enhancing market share.
- Gross Margin Improvement: The quarter's gross profit totaled $4.2 million, reflecting a gross margin of 27%, showcasing the operational leverage gained from the expanded retail network, which further strengthens profitability.
- Future Outlook: Management is focused on cash flow generation and margin improvement, planning to enhance balance sheet resilience through divestitures of non-core real estate assets and cost-reduction initiatives to navigate macroeconomic challenges.
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Vision Marine Technologies Approves 1-for-40 Reverse Stock Split to Enhance Compliance
- Reverse Stock Split Decision: Vision Marine Technologies' board approved a 1-for-40 reverse stock split, reducing outstanding shares from approximately 37,008,735 to about 925,218 shares, aimed at increasing the per-share market price to comply with Nasdaq's minimum $1 requirement.
- Effective Date Set: The reverse stock split is expected to take effect on January 14, 2026, ensuring that the company's shares continue trading on a split-adjusted basis while maintaining shareholders' proportional ownership.
- Shareholder Rights Protection: Following the reverse stock split, any fractional shares resulting from the consolidation will be combined into whole shares, ensuring all shareholders' rights are protected without affecting the number of authorized common shares.
- Transfer Agent Arrangement: Odyssey Transfer and Trust Company will act as the exchange agent for the reverse stock split, with shareholders holding shares electronically not needing to take any action, ensuring a smooth process for the split.
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