Vision Marine Technologies Inc. (NASDAQ:VMAR) shares are trading higher during Tuesday’s premarket session. On Monday, the company reported 27% sequential revenue growth in the third quarter and improved cash-flow metrics.
Vision Marine Technologies’ Stock Surge?
Third-quarter revenue rose to $18.4 million from $14.5 million in the prior quarter, with management noting the comparison is more meaningful as Nautical Ventures Group was included in both periods.
The company reported revenue of $48.6 million for the first nine months of fiscal 2026.
For the first nine months of fiscal 2026, Vision Marine reported a gross profit of $11.8 million with a 24.3% gross margin, compared with a gross loss a year earlier.
