NextBoat Inc. NXB
the Hook YS Inc ("Off the Hook", or "OTH") is a holding company and the sole managing member of Off the Hook
Yacht Sales NC, LLC ("OTHYS"), OTH Simon Marine YF, LLC (the "Boat Center"), Azure Funding, LLC ("Azure")
and Autograph Yacht Group Inc. ("AYG") which was established on January 3, 2025. Except as otherwise indicated or required
by the context, all references in this Annual Report on Form 10-K to the "Company", the "Business", "Off
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Dealerships
- Financial Services
| Segment | FY2025 | FY2024 |
|---|---|---|
| Dealerships | $117.3M | $96.0M |
| Financial Services | $2.6M | $3.0M |
As the company reported it, from the “SCHEDULE OF SEGMENT INFORMATION (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $119.9M | $99.0M | — |
| Cost of revenue | $108.4M | $90.2M | — |
| Gross profit | $11.5M | $8.8M | — |
| SG&A | $2.4M | $1.8M | — |
| Total operating expenses | $11.0M | $6.1M | — |
| Operating income | $462.9K | $2.7M | — |
| Interest expense | $2.3M | $1.6M | — |
| Pre-tax income | -$2.0M | $991.7K | — |
| Income tax | $132.0K | — | — |
| Net income | -$1.9M | $991.7K | — |
| EPS, basic | -0.09 | 0.05 | — |
| EPS, diluted | -0.09 | 0.05 | — |
| Shares, diluted (wtd. avg.) | 20.5M | 20.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $12.4M | $2.9M | — |
| Receivables | $269.9K | $104.3K | — |
| Inventory | $26.0M | $22.6M | — |
| Total current assets | $39.9M | $28.9M | — |
| Property, plant and equipment | $823.2K | $461.7K | — |
| Goodwill | $570.0K | $570.0K | — |
| Other intangibles | $560.4K | — | — |
| Total assets | $48.4M | $31.6M | — |
| Accounts payable | $1.5M | $962.7K | — |
| Total current liabilities | $30.9M | $29.3M | — |
| Long-term debt | $62.0K | $229.3K | — |
| Total liabilities | $36.6M | $30.7M | — |
| Retained earnings | -$6.5M | -$1.8M | — |
| Total equity | $11.8M | $967.4K | -$249.7K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | -$697.4K | -$7.1M | — |
| Depreciation and amortisation | $200.0K | $200.0K | — |
| Stock-based compensation | $1.8M | — | — |
| Capital expenditure | $577.5K | $25.0K | — |
| Investing cash flow | -$749.9K | -$25.0K | — |
| Financing cash flow | $10.9M | $8.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-014063.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | — | $99.0M | $119.9M |
| Gross profit | — | $8.8M | $11.5M |
| Net income | — | $991.7K | -$1.9M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3730
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| GD | GENERAL DYNAMICS CORP | $94.48B | 22.6x | 10.1% |
| HII | HUNTINGTON INGALLS INDUSTRIES, INC. | $10.80B | 17.8x | 8.2% |
| MBUU | MALIBU BOATS, INC. | $425.3M | 244.8x | 13.3% |
| MCFT | MasterCraft Boat Holdings, Inc. | $320.7M | 45.8x | -11.8% |
| VEEE | Twin Vee PowerCats, Co. | $5.1M | — | 3.0% |
| VMAR | Vision Marine Technologies Inc. | — | — | 395.9% |