VMAR News & Events

Vision Marine Technologies and Nautical Ventures announced the development of Project Pelagos, an AI-driven customer intelligence and revenue operations platform for its marine retail subsidiary, Nautical Ventures. The company said, "Project Pelagos is being designed to strengthen execution, coordination, and customer experience across the Nautical Ventures retail network by embedding artificial intelligence directly into sales and aftersales operations. Built on an enterprise CRM foundation and enhanced with a proprietary AI and data orchestration layer, the platform is intended to support improved prioritization, greater operational visibility, and more coordinated customer management workflows. Pelagos is designed to connect traditionally disconnected systems-including Dealer Management Software, multiple MLS platforms, ticketing systems, and team communications-into a single, behavior-aware environment. The objective is to accelerate revenue execution, improve customer experience, and bring clarity and coordination across sales and aftersales operations. As Vision Marine continues to integrate Nautical Ventures into a vertically integrated model-combining technology, retail, service, and customer access-Project Pelagos represents a key component of the Company's AI-enabled operational infrastructure. The initiative reflects the Company's focus on scalability, execution discipline, and building internal systems capable of supporting growth across an expanding retail footprint."

Vision Marine Technologies Inc trading halted, news pending

Reports Q1 EBITDA loss of $2.3M vs. $2.0M in the prior-year period. "Generating positive operating cash flow in the first quarter following the Nautical Ventures acquisition represents an important step in stabilizing our financial foundation," said CEO Alexandre Mongeon. "Our focus remains on disciplined inventory management, integration execution, and strengthening liquidity as we execute on planned divestitures of non-core real-estate assets in the coming quarters, further strengthening the balance sheet without dilution. The Company's focus is on fundamentals, including cash flow generation, margin expansion, strengthening the balance sheet, and generate new revenue growth opportunities from our marina and with our E-Motion 180E electric propulsion system." CFO Raffi Sossoyan added, "this quarter represents a clear inflection point for the business. Following a period where operations historically consumed cash, we have now generated positive operating cash flow. Combined with the $9.6M in gross proceeds of equity financing completed subsequent to quarter-end, we believe the company has the liquidity required to continue executing its near-term operational plans. These include cost-reduction initiatives, further right-sizing of Nautical Ventures operations, disciplined inventory management, and balance-sheet strengthening, all undertaken in a challenging macroeconomic and recreational boating environment."