VMAR Q3 Revenue Estimate Plummets to $1.01M, Projecting Massive Losses
VMAR is trading near its 52-week low of $1.52 (3.3% below the low) on elevated volume (39× avg).
Summary
Vision Marine Technologies' Q3'26 revenue is estimated at $1.01 million, a drastic sequential decline from the $15.58 million and $14.63 million reported in Q1'26 and Q2'26, respectively. The company is also projected to report an EPS loss of $68.68 (post-reverse split equivalent). This news follows a 1:10 reverse stock split on June 17th and a history of significant dilution and going concern warnings. The severe drop in expected revenue and substantial projected losses indicate a significant deterioration in the company's financial health. Q3'26 results are expected on July 9th.
At the time of this announcement, VMAR was trading at $1.47 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.1M. The 52-week trading range was $1.52 to $3,180.00. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.