Vision Marine Technologies Achieves $8.2M in Boat Sales, Reflecting Acquisition Success

Vision Marine Technologies Inc. has reported a substantial increase in boat sales following its recent acquisition of Nautical Ventures Group Inc. The company announced $8.2 million in gross revenue from boat sales in just seven weeks, marking a 504% increase compared to its entire previous fiscal year's sales.

This impressive growth came alongside a 44% reduction in floor plan financing liabilities, emphasizing Vision Marine's focus on financial discipline and operational efficiency. The acquisition has expanded the company's retail footprint, enabling it to cater to increased demand for both internal combustion engine and electric boats.

The company is also tapping into the tender boat market, with a dedicated facility in Fort Lauderdale enhancing its sales and service capabilities. A performance-driven marketing strategy and new product lines have contributed to a 900% increase in inbound boat leads.