Victory Marine Holdings Corp.: Victory Marine Holdings Corp Reports First Quarter FY 2021 Results
Key Financial Highlights:
Net sales for three months ended March 31, 2021 were $62 thousand, as compared to $181 thousand for the same period last year.
Loss from operations for the three months ended March 31, 2021 were $137,881, as compared to a profit of $46 thousand for the same period last year.
Orlando Hernandez, Victory Marine Holdings CEO stated, "Although our revenues had a decline, we are pleased with our deal flow and the overall operations. Moreover, the first quarter is typically a slow quarter for boat delivery. I believe our strategy, specifically our sales and marketing strategy will continue to expand our client base. Our partnerships with yacht manufacturers continues to remain strong and we are looking to expand our offerings to deliver all types of boats and yachts while serving a financially diversified client base."