Core Insights - Off The Hook YS Inc. has announced a strategic partnership with CFR Yacht Sales to expand into the Caribbean and Latin American markets, aiming for substantial year-over-year revenue growth [1][4] Company Overview - Off The Hook YS Inc. is the largest buyer and seller of pre-owned boats in America, founded in 2012, and operates a vertically integrated marine platform [6] - The company utilizes proprietary AI-powered systems and a national acquisition model, achieving over $100 million in annual boat purchases with a 5X inventory turn [6] Partnership Details - The agreement with CFR Yacht Sales provides Off The Hook with preferred access to select pre-owned vessels and brokerage facilities in Puerto Rico [3] - CFR Yacht Sales, established over 45 years ago, is a leading yacht dealer in the Caribbean, representing several premier yacht brands [2] Market Potential - Puerto Rico is identified as a key gateway to the Caribbean and Latin American recreational boating markets, which are experiencing growth due to increased tourism and demand for high-quality pre-owned vessels [4] - The partnership is expected to enhance Off The Hook's ability to source and move boats efficiently into the global pre-owned market without adding fixed infrastructure [5] Financial Performance - For the first nine months of 2025, Off The Hook reported record revenue of $82.6 million, reflecting a 19.3% year-over-year increase [5] - The company anticipates full-year 2026 revenue to be between $140 million and $145 million as it continues its disciplined growth strategy [5]

Company Overview - Off The Hook YS Inc. is America's largest buyer and seller of pre-owned boats, founded in 2012, and operates a vertically integrated marine platform [4] - The company transforms the market for approximately 1 million used boats and yachts sold annually in the U.S., leveraging proprietary AI-powered systems for efficiency and transparency [4] - Off The Hook has a scalable infrastructure that includes technology, wholesale, brokerage, financing, asset recovery, repair, and support yacht services, positioning it to lead the $57 billion marine market [4] Financial Capacity and Growth Strategy - The company has expanded its inventory financing capacity to $60 million, more than doubling its floorplan financing from $25 million prior to its IPO [1] - This increased capacity enhances Off The Hook's ability to acquire and carry more high-quality used boat inventory, supporting its growth strategy with expected revenues of $140 to $145 million in 2026 [1][2] - The larger floorplan allows for a broader selection of boats across key geographies and categories, improving customer access and sales velocity [2] Sales and Operational Efficiency - Off The Hook's AI-driven sales platform facilitates faster matching of buyers and sellers, enhancing decision-making throughout the transaction lifecycle [2] - The company's vertically integrated model enables multiple value-added upsells on each sale, including customer financing, insurance, warranties, and other services, which improve customer experience and expand margin opportunities [2] - The company has achieved over $100 million in boat purchases annually with a 5X inventory turn, indicating strong operational efficiency [4]