Off The Hook Ys (NYSEAMERICAN:NXB) Releases Quarterly Earnings Results

Off The Hook Ys (NYSEAMERICAN:NXB) issued its earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $59.06 million for the quarter.

Here are the key takeaways from Off The Hook Ys’ conference call:

• Record second-quarter performance: Revenue increased 88.4% year over year to $59.1 million, while 255 boats were sold, up more than 138%. Management also reported a return to adjusted EBITDA profitability and maintained full-year 2026 revenue guidance of $165 million to $170 million.
• The five-year partnership with MarineMax expands access to trade-in inventory and could create additional revenue from wholesale transactions, financing, insurance, and warranty products. NextBoat expects these higher-margin offerings to raise revenue per transaction and improve overall margins.
• Acquisitions including Apex Marine and BellHart expanded NextBoat’s physical footprint, service capabilities, inventory capacity, and new-boat sales. Management said Apex was quickly turned around from an expected loss of more than $1 million to approximately $60,000 in profit since March 15, although integration work remains.
• Expansion is driving substantially higher costs, including SG&A up 250%, salaries and wages up 127.8%, increased marketing expenses, and floor-plan interest expense up 60%. Greater inventory utilization also increases working-capital needs, making faster inventory turns and disciplined purchasing important to achieving second-half margin improvements.

Off The Hook Ys Stock Performance

Shares of NXB stock traded down $0.05 during mid-day trading on Friday, hitting $2.05. 35,403 shares of the stock were exchanged, compared to its average volume of 57,679. The stock’s fifty day simple moving average is $2.11 and its two-hundred day simple moving average is $2.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.14 and a current ratio of 1.10. Off The Hook Ys has a 12-month low of $1.70 and a 12-month high of $3.90.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in Off The Hook Ys during the fourth quarter worth approximately $35,000. Geode Capital Management LLC purchased a new position in Off The Hook Ys during the 4th quarter worth $42,000. Millennium Management LLC acquired a new position in Off The Hook Ys in the fourth quarter valued at $52,000. Finally, HRT Financial LP acquired a new position in Off The Hook Ys in the fourth quarter valued at $58,000.

Off The Hook Ys Company Profile

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.