WILMINGTON, N.C. - ColoradoDesk -- One of America's Largest Buyers and Sellers of Pre-Owned Boats.

More Than $100 Million in Boats and Yachts Acquired Annually.

Well Positioned to Serve the U.S. Marine Industry Valued at $57 Billion.

AI-Assisted Valuation Tools and Data-Driven Sales Platform Bring Speed and Transparency to Transactions.

Consistently Earned Recognition on The Inc. 500, Ranked Among the Top 100 Dealers in the USA.

2026 Initial Research Report on OTH Released by Think Equity with Price Target of $10 Per Share.

First Quarter 2026 Revenue Increased 9.6% Year Over Year to $29.8 Million.

Annual Revenue Projected Between $165 Million and $170 Million Compared to Prior Guidance of $155 Million to $160 Million.

Completed Acquisition of Apex Marine Companies, Creating Mega Service, Refurbishment & Sales Hub for Global Customers.

Expanding Into New Boat Sales with Sportsman and Phenom Brands, Powered by Unique Storage Ecosystem.

Global Broker Expansion Initiative, Introducing Scalable Five-Tier Growth Model.

Expanding Northeast and Mid-Atlantic Presence with Two New Strategic Marina Offices.

Launch of NextBoat AI, Industry-First AI Matching Platform.

Mid Atlantic Waterfront Hub to Increase Inventory Velocity and Margin Capture.

Off The Hook YS Inc. (N Y S E American: OTH), Founded in 2012 by Jason Ruegg, has become one of America's largest buyers and sellers of pre-owned boats. Headquartered in Wilmington, North Carolina, with operations throughout the East Coast and South Florida, OTH acquires more than $100 million in boats and yachts annually. OTH leverages AI-assisted valuation tools and a data-driven sales platform to bring speed and transparency to yacht transactions, supported by a nationwide network of offices and marinas offering brokerage, wholesale, and performance yacht sales.

OTH has consistently earned recognition on the Inc. 500, ranked among the Top 100 Dealers in the USA. OTH continues advancing after its successful 2025 IPO, supported by strong technology adoption, expanding market reach, and participation in a U.S. marine industry valued at $57 billion.

Additionally, the U.S. Ship Repair and Maintenance Services Market, valued at $6.55 billion in 2025, is projected to reach $11.72 billion by 2033 at a 7.52% CAGR, highlighting substantial long-term growth potential. OTH appears well-positioned to capitalize on this opportunity in a large and growing market.

OTH has been profiled in January, 2026 with an initial research report by Think Equity projecting a price target of $10 per share.

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Read the full Think Equity report on OTH at this direct link: https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:ae67d92f-6df9-43b9-a123-98a7ff6ace22?viewer%21megaVerb=group-discover

Record First Quarter 2026 Financial Results and Increased Guidance

On May 14^th OTH announced financial results for the quarter ended March 31, 2026.

"We achieved record revenue of $29.8 million, expanded our national broker network, and continued to build out the infrastructure that we believe positions the Company for continued double-digit growth. Our vertically integrated model—combining brokerage, wholesale inventory acquisition, financing through Azure Funding, and our growing premier brokerage division—continues to differentiate Off the Hook Yachts in the marine industry," said Brian John, Chief Executive Officer of OTH.

2026 First Quarter OTH Highlights

Revenue increased 9.6% to $29.8 million compared to $27.2 million during Q1 of 2025.

Pre-owned boat sales increased 31.8% compared to the first quarter of 2025.

Sold 127 boats during the first quarter, representing a first quarter record for the Company.

Gross profit increased 18.5% to $3.2 million compared to $2.7 million in the first quarter of 2025.

Expanded the Company's broker network by 30 brokers during the quarter.

For full year 2026, OTH expects revenue between $165 million and $170 million compared to prior guidance of $155 million to $160 million.

Completed Acquisition of Apex Marine Companies, Creating Mega Service, Refurbishment & Sales Hub for Global Customers

On May 14^th OTH announced that it has closed the acquisition of Apex Marine Companies, a premier South Florida marine service, storage, and sales operation. The acquisition delivers strategically located South Florida facilities, a highly skilled full-service team, and infrastructure that immediately enhances OTH operational efficiency, refurbishment capacity, and global sales reach. APEX's facilities include prime storage and service locations, haul-out capacity up to 150 metric tons and vessels up to 130 feet, and comprehensive in-house teams covering repair, refit, and refurbishment. This allows OTH to process the majority of acquired inventory internally.

Expanding Into New Boat Sales with Sportsman and Phenom Brands, Powered by Unique Storage Ecosystem

On April 16^th OTH announced a major expansion with the addition of Sportsman Boats and Phenom Yachts. These brands will be sold through Bellhart Marine, located on Market Street in Wilmington, North Carolina, a company OTH has committed to acquire.

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This structure allows OTH to offer something few, if any, competitors can match:

Integrated Storage Access tied directly to boat purchases.
Immediate Customer Capture into Off The Hook's ecosystem.
Long-term recurring revenue through storage and service.
A frictionless ownership experience for buyers.

The addition of new boat sales is expected to generate significant downstream revenue opportunities across the OTH platform.

Global Broker Expansion Initiative, Introducing Scalable Five-Tier Growth Model

On April 9^th OTH announced the launch of its global broker expansion initiative, with a newly introduced five-tier recruitment and performance structure. At the center of this expansion is a bold vision: to make boat and yacht sales one of the most rewarding, opportunity-rich careers on earth - where professionals can build meaningful income while helping people experience the freedom, joy, and lifestyle that only life on the water can deliver.

Since going public in November, OTH has nearly tripled its sales organization and its available capital resources, positioning the Company for its next phase of growth.

The OTH five-tier structure is designed to enable brokers to recruit, train, and grow teams within the platform, creating a system where expansion is not limited to centralized hiring.

As the network grows, each broker has the ability to introduce additional team members, creating what OTH believes to be a compounding growth dynamic, where the pace of expansion can increase as the platform scales.

Unlike traditional marine dealerships, which are typically limited by physical locations, local inventory, and centralized sales teams, The OTH platform is designed to enable brokers to operate remotely from anywhere in the world.

Through the OTH infrastructure, brokers can:

Source and transact on boats across multiple markets.

Work from home or satellite locations.

Collaborate with other brokers across the network.

Participate in transactions beyond their immediate geographic region.

Expanding Northeast and Mid-Atlantic Presence with Two New Strategic Marina Offices

On April 6^th OTH announced the opening of two new strategic marina-based offices in East Greenwich, Rhode Island and Cape May, New Jersey.  New locations enhance regional market density, increase transaction flow, and support continued broker hiring.

For more information on OTH visit: www.offthehookyachts.com and https://compasslivemedia.com/oth/

Media Contact:
Company Name: Off The Hook YS Inc. (N Y S E American: OTH)
Contact: Chad Corbin, Chief Financial Officer
Email: IR@offthehookys.com
Phone: (561) 374-0513
Country: United States

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