Cash and cash equivalents fell to $814,205 from $7.42 million at fiscal 2025 year-end, while total assets declined to $45.24 million.
Quarterly and nine-month results
Vision Marine's earnings showed a nine-month net loss of $11.89 million, widening from $8.84 million a year earlier.
Revenue rose to $48.6 million from $387,927 in the prior-year period, while gross profit turned positive at $11.78 million.
Net cash from operating activities swung to an inflow of $2.39 million from an outflow of $10.64 million.
Going-concern warning and financing
Management flagged going-concern uncertainty, citing recurring losses and the need for additional financing after raising $11.68 million from share and warrant issuance.
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