Off The Hook Yachts | Investor Relations

Off The Hook Yachts Reports Third Quarter Financial and Operating Results

Third Quarter Revenues of $24.0 million
Record Nine Month Revenues of $82.6 million, up 19.3% YOY
Third Quarter Number of Boats totaled 112 units, up 51% YOY
Issues 2026 Full Year Revenue Guidance

Wilmington, NC, Dec. 15, 2025 (GLOBE NEWSWIRE) — Off The Hook YS Inc. (NYSE: “OTH”, or “Off the Hook Yachts”), one of America’s largest buyer and seller of pre-owned boats, today announced financial results for the third quarter ended September 30, 2025. The Company will host a live conference call today Monday, December 15, 2005, at 4:30 P.M. EST.

“I’d like to acknowledge my team in the outstanding performance this quarter, even as we executed on our initial public offering on November 14, 2025 where we raised $15 million. I’m also proud of our recent successful launch of Autograph Yacht Group, located in Jupiter, Florida, and our 45 brokers, positioned throughout the United States. By leveraging its nationwide broker network, advanced CRM technology, and synergistic portfolio of entities, OTH delivers exceptional value to clients. As we continue to focus on the pre-owned boat market, we believe that we can quickly capitalize on boating trends whether pre-owned boat prices go up or down,” said Brian John, Chief Executive Officer of OTH.

2025 Third Quarter Highlights

• Completed our IPO on November 14, 2025
• Revenue was $24.0 million, compared to $25.8 million in 2024
• Third quarter number of boats sold grew 51.1% to 112
• Second highest quarterly boat sales in the Company’s history, following a record 117 units in the seasonally strong second quarter
• Net loss of $0.07 million with adjusted EBITDA of $0.5 million
• Gross profit of $3.0 million compared to $2.9 million in 2024
• Opened our premier yacht broker division, Autograph Yacht Group in South Florida
• Added ten new brokers to our growing team of brokers


2025 Nine Month Highlights

• Record revenue of $82.6 million, an increase of 19.3%
• Record number of boats sold, grew 24.4% to 310
• Net income of $0.8 million
• Adjusted EBITDA was $2.6 million, compared to $3.1 million in 2024
• Gross profit of $8.4 million for the nine months ended September 30, 2025, compared to $6.9 million for the nine months ended September 30, 2024., an increase of $1.5 million


2026 Full Year Guidance

For 2026 the Company expects that annual revenue will be between $140 million and $145 million.

Third Quarter Financial Discussion

Third quarter revenues of $24.0 million decreased 7.2%, compared to third quarter revenues in 2024, a portion of the revenue decrease is attributed to several larger pre-owned boat sales closing in the first few days in Q4. We sold 51.1% more boats in the third quarter of 2025 selling 112 in the third quarter of 2025 versus 74 boats in the same period of 2024. We believe sales can continue to grow at a higher rate going forward due to an increased broker pool and a larger amount of capital to grow our floor plan and increase the number of boats we can transact.

Revenue from boat sales decreased by $1.8 million, or (7.18)%, to $23.4 million. Despite a slight decrease in boat revenues which was primarily attributed to time of sale completion of a few large boats, we are still seeing strong demand and expect this to be reflected in our 4th-quarter revenues. Revenue from arranging financing products, including financing, insurance and extended warranty contracts, to customers through various third-party financial institutions and insurance companies, was $0.6 million as compared to $0.7 million in 2024. The Company plans to increase the attachment rate of Azure with our boat sales and thereby growing the business internally.

Gross profit was $3.0 million compared to $2.9 million in 2024. Our gross profit as a percentage of sales increased slightly. Our boat sales gross profit increased $0.2 million as a result of our purchasing team’s skillful buying decisions for our pre-owned boat inventory. Finance related gross profit decreased $0.1 million.

Operating expenses were $2.7 million compared to $1.6 million in 2024. SG&A increased primarily because we added go-to-market capacity and public-company capabilities designed to support significantly higher revenue over the next several years.

Floor plan interest expense was $0.4 million compared to $0.3 million for 2024. Adjusted EBITDA was $0.5 million in the third quarter of 2025, versus $1.4 million in the same period in 2024.

GAAP diluted earnings per share for the third quarter in 2025 was ($0.003), compared to $0.048 in the same period in 2024.

Nine Month Financial Discussion

Revenue was $82.6 million as compared to $69.2 million in 2024, an increase of 19.3%. The revenue increase is primarily due to an increase in new and pre-owned boat sales. Revenue from boat sales increased 20.39%, to $80.7 million compared to $67.1 in 2024. The revenue increase is primarily attributed to our increased utilization of our floor plan financing facility. Revenue from arranging financing products, including financing, insurance and extended warranty contracts, to customers through various third-party financial institutions and insurance companies was $1.9 million as compared to $2.2 million for 2024.

Gross profit was $8.4 million as compared to $6.9 million in 2024, an increase of 20.8%. This increase was primarily driven by our increase in overall sales revenue, specifically our pre-owned boat segment. Our gross profit as a percentage of sales increased slightly. Boat sale gross profit was $7.3 million as compared to $5.6 million in 2024, an increase of 29.3%. Finance related gross profit was $1.1 million as compared to $1.3 million in 2024.

Operating expenses were $6.1 million as compared to $4.3 million in 2024. This increase includes one-time expenses such as IPO costs, and all fees associated for launching Autograph Yacht Group. This growth is broadly in line with our plan, and we expect SG&A as a percentage of revenue to decline over time as we realize operating leverage.

Floor plan interest expense was $1.4 million as compared to $0.7 million in 2024. Floor plan interest expense is increasing as we sell more boats and hold more inventory in order to give brokers and customers a wider selection of used boats.

Conference Call and Webcast

The Company will host an earnings conference call on December 15, 2025, at 4:30 P.M. Eastern time. All interested parties can join the call. To participate in the call, please dial (800) 715-9871 (domestic), or (646) 307-1963 (international). The conference passcode is 5863262. This call is being webcast and can be accessed using the conference passcode 5863262, on the Investor Relations section of the company’s website at https://investor.offthehookyachts.com/. The online replay will be available for a limited time beginning immediately following the call.

About Off The Hook YS Inc.

Founded in 2012, Off The Hook YS Inc. 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, the Company acquires more than $100 million in boats and yachts annually. Off The Hook Yachts 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. Customers can buy boats from our many boat brokers including Autograph Yacht Group, our premier yacht brokerage offering expert service, exclusive listings, and a refined approach to buying and selling yachts. They can finance them with our Azure Funding Division, our recreational loan broker and lender providing financing solutions for individuals, dealerships, and brokerages. Off the Hook Yacht Services provides high-quality maintenance, repair, and support services yacht servicing. Marine Asset Recovery provides asset recovery and repossession services. In addition to our company digital property, Boatsandbuyers.com and Webuyboats.com provide boat auction and lead generation services. To purchase a boat, explore our inventory or visit the Autograph Yacht Group website.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Off The Hook YS Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Off The Hook YS Inc. undertakes no duty to update such information except as required under applicable law.

Contacts:

Off The Hook YS, Inc.:
Chad Corbin
Chief Financial Officer
Ccorbin@offthehookys.com

Investor Contact:
John Evans, Riverside Capital
(415) 309-0230
IR@offthehookys.com

Appendix

OFF THE HOOK YS, INC.
Condensed Consolidated Balance Sheets
($ in thousands, except share and per share data)

September 30, 2025 December 31, 2024
(Unaudited) (Audited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 2,267,564 $ 2,927,126
Accounts receivable, net 244,400 104,317
Inventory 24,015,983 22,593,422
Prepaid expense 2,281,347 2,388,782
Private label receivable – 4,942
Other current assets 368,117 840,401
TOTAL CURRENT ASSETS 29,177,411 28,858,990
NON-CURRENT ASSETS
Property, plant and equipment, net 498,156 461,709
Other receivable 43,366 42,192
Private label receivable – 185,550
Due from related party – 11,313
Right-of-use assets 1,868,839 1,505,986
Goodwill 570,000 570,000
Intangible assets, net 456,111 –
TOTAL NON-CURRENT ASSETS 3,436,472 2,776,750
TOTAL ASSETS $ 32,613,883 $ 31,635,740
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable $ 627,237 $ 962,725
Accrued liabilities 519,204 507,284
Lease liabilities, current 491,945 382,731
Line of credit 2,842,682 2,833,400
Current portion of long-term debt 219,321 137,468
Due to related party 1,322,015 1,422,540
Customer deposit 1,690,533 2,350,219
Floor plan notes payable 23,478,756 20,595,517
Other current liabilities 213,631 110,547
Contingent liabilities 350,000 –
TOTAL CURRENT LIABILITIES 31,755,324 29,302,431
LONG-TERM LIABILITIES
Long-term debt, noncurrent 67,924 229,295
Lease liabilities, noncurrent 1,401,170 1,136,624
TOTAL LONG-TERM LIABILITIES 1,469,094 1,365,919
TOTAL LIABILITIES 33,224,418 30,668,350
MEMBERS’ DEFICIT
Common stock, with $0.001 par value, 100,000,000 number of common stocks authorized, 20,000,000 shares of common stocks issued and outstanding as of September 30, 2025, and December 31, 2024, respectively. * 20,000 20,000
Additional paid-in capital 2,774,944 2,774,944
Retained earnings (3,405,479 ) (1,827,554 )
TOTAL MEMBERS’ EQUITY (610,535 ) 967,390
TOTAL LIABILITIES AND MEMBERS’ EQUITY $ 32,613,883 $ 31,635,740


OFF THE HOOK YS, INC.
Condensed Consolidated Statements of Income
($ in thousands, except share and per share data)

For the three months ended September 30, For the nine months ended September 30,
2025 2024 2025 2024
Revenues $ 24,005,345 $ 25,865,198 $ 82,592,188 $ 69,225,871
Cost of revenues 20,975,546 22,963,223 74,218,978 62,296,256
Gross profit 3,029,799 2,901,975 8,373,210 6,929,615
Operating expenses:
Depreciation and amortization 87,162 68,760 210,372 206,787
Selling, general and administrative 617,396 256,616 1,441,248 1,053,275
Advertising and marketing 220,851 95,202 597,506 314,081
Professional services 68,892 119,793 170,372 288,375
Salaries and wages 1,513,401 941,514 3,113,964 2,148,143
Rent expenses 211,689 126,459 596,250 313,514
Total operating expenses 2,719,391 1,608,344 6,129,712 4,324,175
Income from operations 310,408 1,293,631 2,243,498 2,605,440
Other expenses:
Interest expense, net (500,360 ) (404,281 ) (1,616,872 ) (1,205,638 )
Other income 123,286 71,118 150,323 272,672
Total expenses (377,074 ) (333,163 ) (1,466,549 ) (932,966 )
Net Income (loss) $ (66,666 ) $ 960,468 $ 776,949 $ 1,672,474
Basic and diluted net income per membership shares $ (0.003 ) $ 0.048 $ 0.039 $ 0.084
Basic and diluted weighted average membership shares outstanding 20,000,000 20,000,000 20,000,000 20,000,000

*Par value of common stocks, additional paid-in capital and share data have been retrospectively restated to give effect to the reorganization that is discussed in Note 1.

OFF THE HOOK YS, INC.
Condensed Consolidated Statements of Cash Flows
($ in thousands, except share and per share data)

For the nine months ended September 30,
2025 2024
Cash flows from operating activities:
Net income $ 776,949 $ 1,672,474
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization 210,372 206,787
Imputed interest – 10,688
Changes in operating assets and liabilities:
Accounts receivable (140,083 ) (87,820 )
Private label receivable 190,492 990,516
Other receivable (1,174 ) (16,363 )
Inventory (1,422,561 ) (5,553,367 )
Prepaid expense 107,435 (217,016 )
Other current assets 472,284 (779,428 )
Due from related parties 11,313 (13,991 )
Right-of-use assets 357,930 167,587
Accounts payable (335,488 ) 151,937
Accrued liabilities 11,920 (92,090 )
Customer deposits (659,686 ) 105,202
Other current liabilities 103,084 505,008
Lease liabilities (347,023 ) (157,846 )
Net cash used in operating activities (664,236 ) (3,107,722 )
Cash flows from investing activities:
Purchase of fixed assets (202,930 ) (47,220 )
Acquisition of intangible assets (150,000 ) –
Net cash used in investing activities (352,930 ) (47,220 )
Cash flows from financing activities:
Proceeds from line of credit 79,732 1,311,612
Payment to line of credit (70,450 ) (592,440 )
Member distribution (2,354,874 ) (835,111 )
Proceed from short-term loan payable – 108,855
Payment to short-term loan payable – (70,000 )
Proceed from floorplan notes payables 55,264,450 32,232,333
Payment to floor plan notes payable (52,381,211 ) (26,474,162 )
Proceed from long-term debt 59,428 311,748
Payment to long-term debt (138,946 ) (364,633 )
Proceeds from related party debts 12,020 1,336,455
Repayments on related party debts (112,545 ) (1,753,157 )
Net cash provided by financing activities 357,604 5,211,500
Net change in cash (659,562 ) 2,056,558
Cash and cash equivalents, beginning of period $ 2,927,126 1,654,631
Cash and cash equivalents, end of period $ 2,267,564 $ 3,711,189
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest 1,617,156 1,194,950
NON-CASH INVESTING AND FINANCING ACTIVITIES
Establishment of ROU assets and liabilities $ 720,783 $ 1,498,815
Stock consideration recorded as contingent liability for assets acquisition $ 350,000 $ –


Non-GAAP Financial Information

To supplement OTH’s financial information presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, OTH presents certain financial measures that are not prepared in accordance with GAAP including adjusted EBITDA. These non-GAAP financial measures, which are defined below, should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. These non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly titled measures presented by other companies.

OTH is presenting these non-GAAP financial measures to assist investors in seeing OTH’s operating results through the eyes of management and because OTH’s believes that these measures provide a useful tool for investors to use in assessing OTH’s operating performance against prior period operating results and against business objectives. OTH uses the non-GAAP financial measures in evaluating its operating results and for financial and operational decision-making purposes.

The accompanying tables provide more detail on the GAAP financial measures that are most directly comparable to the non-GAAP financial measures described above and the related reconciliations between these financial measures.

Adjusted EBITDA

We define and calculate adjusted EBITDA as GAAP net income (loss) before interest income or expense, income tax (benefit) expense, depreciation and amortization, and further adjusted for the items as described in the reconciliation below. We believe this information will be useful for investors to facilitate comparisons of our operating performance and better identify trends in our business.

Adjusted EBITDA excludes certain expenses that are required to be presented in accordance with GAAP because management believes they are non-core to our regular business. These include, but are not limited to the following:

• non-cash expenses, such as depreciation and amortization and stock-based compensation,
• interest expense and income tax expense or benefit; and

The following tables present a reconciliation of adjusted EBITDA to our net (loss) income, which is the most directly comparable GAAP measure for the periods presented.

For the three months ended
September 30,		 For the nine months ended
September 30,
2025 2024 2025 2024
Net (loss) income $ (66,666 ) $ 960,468 $ 776,949 $ 1,672,474
Interest expense, net 500,360 404,281 1,616,872 1,205,638
Depreciation and amortization 87,162 68,760 210,372 206,787
Adjusted EBITDA $ 520,856 $ 1,433,509 $ 2,604,193 $ 3,084,899


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George Jousma

Independent Director

George Jousma, age 66, brings more than 45 years of executive experience representing the Italian yachting sector in the Americas. In 1994, Mr. Jousma became President of Allied Marine/Richard Bertram Yachts, where he expanded the business from a single yacht product line generating under $20 million in sales to a company of over 200 employees across nine locations, with revenues exceeding $200 million. 

During his 14-year tenure, Allied became one of the largest distributors of Azimut, Benetti, and Ferretti yachts in the Americas, ultimately leading to its acquisition by the Ferretti Group in 2008. That same year, Mr. Jousma founded Sanlorenzo of the Americas, serving as President and Chief Executive Officer for ten years and establishing Sanlorenzo as one of the leading motor yacht brands in the region.

 Mr. Jousma also served on the Board of Directors and as a two-term President of the International Yacht Brokers Association (IYBA), the largest professional association of its kind globally. He has been an active participant in the Marine Industries Association of South Florida (MIASF) and is a lifelong boater originally from the Midwestern United States.

Mary Reynolds

Independent Director

Mary Reynolds, age 41, has over 15 years of leadership experience in retail and commercial finance, with a focus on business development, process optimization, and strategic growth. Mrs. Reynolds currently serves as Digital Innovation Director at a Connecticut-based bank, where she leads cross-functional teams in delivering technology-driven financial solutions. 

Previously, Mrs. Reynolds led marine operations at a top-performing national bank, supporting over $500 million in loan originations in under two years while managing federal and state regulatory audits. 

From November 2024 to May 2025, she served as Vice President of Consumer Lending at The Washington Trust Company. From July 2020 to August 2023, Mrs. Reynolds served as Chief Operating Officer of LV/Bank of Clark and later as Senior Vice President, Head of Operations at LV/Axos Bank of LaVictoire Finance.

Jim Seagrave

Independent Director

Jim Segrave, age 54, is the Founder, Chairman, and Chief Executive Officer of flyExclusive, one of North America’s largest and most innovative private jet operators. Founded in 2015, flyExclusive operates a fleet of over 90 light, mid, and super-midsize jets, employs nearly 800 professionals, and generated estimated annual revenues exceeding $350 million in 2024.

 In December 2023, flyExclusive (NYSE: FLYX) completed its public listing on the New York Stock Exchange. Mr. Segrave previously founded Segrave Aviation, Inc., a successful aircraft charter company sold to Delta Air Lines in 2010, which became Delta Private Jets. He also founded LGM Ventures, LLC, which operates fixed-base operations (FBOs) at Eastern North Carolina airports, the largest daycare center in Kinston, and a restaurant and bar in Atlantic Beach. Mr. Segrave has been named to the North Carolina Power List of Most Influential Leaders for the past three years.

 In 2024, he received the Boy Scouts Distinguished Citizen Award and was awarded the Key to the City by the Mayor. He currently serves on the Board of Directors of Quality Equipment, which owns and operates 38 John Deere dealerships, and as Vice Chairman of the Board of Directors of L. Harvey & Son, one of North Carolina’s oldest privately held businesses, founded in 1871. Mr. Segrave is also a member of the Board of Trustees at East Carolina University, the Embry-Riddle Aeronautical University Industrial Advisory Board, and the National Business Aviation Association (NBAA) Leadership Council.

Mike Kosloske

Independent Director

Mike Kosloske, age 61, is a third-generation insurance industry professional with a long-standing track record in executive leadership and public company governance.

 He is the founder of Health Insurance Innovations, Inc. (HIIQ), a health insurance technology company that completed its initial public offering on Nasdaq in February 2013. Mr. Kosloske served as Chief Executive Officer of HIIQ, which was recognized as the #1 Growth Company on Nasdaq in 2016, 2017, and 2018. In 2013, he was a finalist for the Ernst & Young Entrepreneur of the Year award. HIIQ was acquired by Madison Dearborn Partners in 2019. Mr. Kosloske previously served on the Board of Directors for St. Joseph’s Hospitals Foundation (2016 – 2025) and currently serves on the Board of Directors for Seminole Boosters (2019 – Present). 

He is also Managing Partner of Future Labs Capital, a firm focused on funding and consulting for MIT-affiliated companies in artificial intelligence, machine learning, and quantum computing (2024 – Present).

Andrew Simmons

Executive Vice President

Andrew Simmons, age 37, combines over 19 years of experience in senior sales and marketing leadership across the marine and automotive industries. Previously, he had been involved in multiple ventures within these sectors, holding positions including Founder, Partner, and President of Sales. Mr. Simmons was the Founder and Partner of American Yacht Group, one of the United States’ largest new yacht dealerships, generating over $100 million in annual sales since its inception in 2019. 

His success at American Yacht Group contributed to over 50% growth in annual sales for HCB Yachts. Most recently, Mr. Simmons was promoted to President of Sales for HCB Yachts globally. Mr. Simmons has demonstrated a consistent ability to drive growth in competitive markets through innovative sales strategies and strong leadership. 

His experience in scaling businesses provides a valuable commercial perspective that supports the Company’s expansion and revenue growth initiatives.

Chad Corbin

Chief Financial Officer

Chad Corbin, age 47, combines over 22 years of experience in financial and operational senior management following a career that began at Ferguson Enterprises. Previously, he had been involved in multiple companies within the financial and manufacturing industries, holding positions including Chief Financial Officer, Controller, General Manager, and Operations Manager.

 From 2000 through 2008, Mr. Corbin was the Credit Manager and later the Operations Manager for Ferguson Enterprises’ Jacksonville, FL branch. From 2008 to 2017, he served as Controller and subsequently as Chief Financial Officer and General Manager of Filmwerks International, a company specializing in event production and technical solutions. During his nine-year tenure, he was responsible for overseeing financial operations, maintaining the company’s banking relationships, overseeing two large competitor acquisitions. Following Filmwerks, from 2017 to 2024, Mr. Corbin worked as a Financial/ Operational consultant for several small companies. 

Two of his larger contracts were with Audioengine and Manufacturing Methods. Audioengine, a leading innovator in high-end audio equipment, he managed accounting, fulfilment, production, and sales support functions. Manufacturing Methods, he served has their CFO, where he was responsible for financial and human resources decisions across three companies, maintaining compliance with GAAP standards. Mr. Corbin is also currently the Chief Financial Officer of the Company.

BLake R. Phillips

Chief Operating Officer

Blake R. Phillips, age 39, combines over 17 years of experience in the recreational marine industry’s senior management.

 Previously, he had been involved in three major companies in the boating industry, holding positions including senior sales executive and Chief Operating Officer. From 2013 through 2022, Mr. Phillips held leadership roles with White River Marine Group, the world’s largest builder of fishing and recreational boats by volume, and MarineMax, the world’s largest retailer of recreational boats and yachts. 

In October 2022, he joined Off The Hook YS Inc. as Chief Operating Officer to lead the Company’s expansion of its consumer base, supplier network, stores, and operational systems. Mr. Phillips has recruited, built, and led teams of over 100, earned top sales accolades for brands such as Boston Whaler and Azimut Yachts, consulted on new vessel manufacturing, opened retail locations, and designed and managed major boat show displays.

Brian S. John

Chief Executive Officer

Brian S. John, age 56, combines over 25 years of experience in financial consulting, capital markets, and senior executive leadership, following a career as an investor and advisor to global emerging growth companies. Previously, he had been involved in numerous companies in the financial consulting and consumer products industries, holding positions including Chief Executive Officer, Chairman, and board member. 

From 2018 through 2023, Mr. John was the Chief Executive Officer of Jupiter Wellness, Inc., a consumer health and wellness company that he took public on NASDAQ in November 2020. In 2021, as CEO of Jupiter Wellness, he acquired SRM Entertainment, which began trading on NASDAQ in August 2023. From 2021 to 2023, he also served as CEO of Jupiter Wellness Acquisition Corp (NASDAQ: JWAC), now known as CJET. Mr. John is the founder of Caro Partners, LLC, a financial consulting firm specializing in advising emerging growth companies, and has worked with hundreds of companies across dozens of countries. 

He is also currently the Chairman of the Board for Caring Brands, Inc., a consumer brand development company. Mr. John served on the board of directors of The Learning Center at the Els Center of Excellence, a school for children with autism in Jupiter, Florida, from 2015 through 2023.

Jason Ruegg

Founder, President and Chairman of the Board

Jason Ruegg, age 36, combines over 12 years of experience in senior management within the marine industry following an entrepreneurial career that began during college. Previously, he had been involved in multiple ventures within the recreational boating sector, holding positions including Founder, President, and Chairman. Since 2012, Mr. Ruegg has served as Founder and President of Off the Hook Yachts, a national leader in the wholesale and retail pre-owned yacht market. 

Under his leadership, the company has completed nearly 10,000 transactions and acquired close to $1 billion in used boats and yachts. Off the Hook Yachts has been repeatedly recognized, including being named to the Inc. 500 list of America’s Fastest-Growing Companies, consistently ranked among Boating Industry’s Top 100 Dealers, and has completed over 5,000 transactions. In addition to leading core operations, Mr. Ruegg founded Azure Funding, a marine finance company, which has grown to over $100 million in annual loans, and has acquired multiple marinas, shipyards, and dry-stack facilities. 

Mr. Ruegg is also currently a director of Off the Hook YS Inc., a vertically integrated marine retail and finance platform.