OFF THE HOOK YS INC. (OTH) Form 8-K — May 14, 2026
Off The Hook YS Inc. (OTH) reported Q1 2026 revenue of $29.8 million, a 9.6% year-over-year increase, driven by a 31.8% surge in pre-owned boat sales and record unit volume of 127 boats sold. The company raised its full-year 2026 revenue guidance to $165–$170 million, up from the prior range of $155–$160 million, citing strong momentum into the second quarter and successful expansion of its broker network. Despite top-line growth, the company reported a net loss of $3.5 million compared to a $290,000 profit in the same period last year, primarily due to a 244% increase in salaries and wages to $3.1 million following its IPO.
Key figures
- Revenue
- 29843739
- Guidance
- $165-$170 million for full year 2026
- Revenue Yoy
- 9.6%
- Total Assets
- 64474020
- Cash Position
- 5330457
- Gross Margin
- 10.7%
- Gross Profit
- 3167780
- New Boat Sales
- 1300000
- Floor Plan Debt
- 40004232
- Inventory Value
- 46401570
- Pre Owned Boat Sales
- 27800000
- Shares Outstanding
- 24320000
Price after filing
Close on the filing date to close N calendar days later (from $2.71). Historical, not a forecast.
AI analysis
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