NextBoat to Report Record Q2 Performance, Near Profitability; Ups Guidance Expected

NextBoat reported record second-quarter transaction closings and sales and expects to be at or near profitability.

Key Highlights:

• Recorded a quarterly high in transaction closings and record quarterly sales, driving marketplace expansion.
• Grew transaction volume ~120% year-over-year on the NextBoat platform (preliminary unaudited data).
• Partnered with MarineMax as preferred wholesale partner and established preferred finance and insurance ties with Newcoast.
• Completed first full quarter of ownership of APEX, which achieved profitability after integration.
• Tripled closing team, launched automated Broker Hiring Portal, and advanced closing automation to boost throughput.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.