Company Description
Off The Hook YS Inc. (NYSE American: OTH), also known as Off the Hook Yachts, is a marine company focused on the buying, selling, and financing of pre-owned boats and yachts across the United States. Founded in 2012 and headquartered in Wilmington, North Carolina, the company describes itself as one of America’s largest buyers and sellers of pre-owned boats and operates a vertically integrated marine platform built around technology, data, and national scale.
According to company disclosures, Off The Hook YS Inc. has developed a platform that aims to transform how roughly 1 million used boats and yachts are bought, sold, and financed annually in the U.S. The business uses proprietary AI-powered and AI-assisted valuation tools and a data-driven sales platform to support speed, efficiency, and transparency in yacht transactions. Through this model, the company reports acquiring more than $100 million in boats and yachts annually and conducting thousands of transactions, with rapid inventory turns supported by its nationwide acquisition and brokerage network.
Business Model and Segments
Off The Hook YS Inc. operates as a yacht and boat wholesaler and pre-owned boat specialist, with activities that span multiple parts of the marine value chain. The company’s disclosures highlight several vertically integrated businesses and operating divisions:
- Boat sales and brokerage: Off The Hook Yachts buys and sells pre-owned boats and yachts and operates a network of brokers across the United States. Its platform supports brokerage, wholesale, and performance yacht sales, using AI-assisted valuation and a data-driven sales process to match inventory with demand.
- Autograph Yacht Group: This is Off The Hook’s internally created luxury yacht brokerage division. Autograph focuses on higher-end yachts and is described as a boutique brokerage model that blends expert valuation, strategic marketing, and personalized service for high-discretion clients. It operates from waterfront offices in Jupiter and Fort Lauderdale, Florida, and is positioned to work closely with Off The Hook’s wholesale and financing capabilities.
- Azure Funding: Azure Funding is the company’s marine finance division. It operates as a recreational loan broker and lender providing financing solutions for individuals, dealerships, and brokerages. Company materials note that Azure is integrated into the broader platform to support buyers who need marine lending solutions and to increase the attachment rate of financing products to boat sales.
- Off the Hook Yacht Services: This division provides maintenance, repair, and support yacht services, extending the company’s role beyond transactions into ongoing vessel care.
- Marine Asset Recovery: Marine Asset Recovery provides asset recovery and repossession services within the marine sector, giving Off The Hook capabilities related to distressed or reclaimed marine assets.
- Digital and lead-generation properties: The company identifies Boatsandbuyers.com and Webuyboats.com as digital properties that provide boat auction and lead generation services, supporting its acquisition pipeline and customer outreach.
Earlier descriptions also reference two reportable segments: Boat Sales and Azure Funding. Boat Sales includes activities specializing in buying, selling, and wholesaling yachts and boats and operating a boat dealership, while Azure Funding covers recreational loan brokerage and lending for marine-related purchases.
Technology and Data-Driven Approach
Off The Hook YS Inc. emphasizes the use of technology in its operations. Company descriptions state that it leverages proprietary AI-powered and AI-assisted valuation systems that analyze vessel data, client preferences, market conditions, and transaction history. These tools are described as supporting pricing accuracy, matching buyers and sellers, and improving deal velocity. The platform is also supported by advanced CRM technology and a data-driven sales infrastructure that underpins both its wholesale operations and its Autograph Yacht Group luxury brokerage.
The company’s AI engine is described as industry-leading in its own materials, and is used to support Autograph’s brokerage operations and Off The Hook’s used-boat wholesale trading capabilities. By combining this technology with a national broker network and integrated financing, the company aims to accelerate inventory turns and capture margin opportunities.
Geographic Footprint and Scale
Off The Hook YS Inc. reports that it is headquartered in Wilmington, North Carolina, with operations throughout the East Coast and South Florida. The company describes a nationwide network of offices and marinas that support brokerage, wholesale, and performance yacht sales. It has also highlighted expansion initiatives, such as the development of a new office location in Jupiter, Florida, which is intended to serve as the headquarters for Autograph Yacht Group and to strengthen its presence in a major yachting market.
Company disclosures characterize Off The Hook Yachts as America’s largest buyer and seller of pre-owned boats and as a national leader in pre-owned boat inventory. The business reports operating across multiple locations with a team of sales representatives and brokers who transact on hundreds of vessels each year. Over the past decade, the company notes that it has become a go-to wholesaler in the marine industry and has received industry recognition, including being named among the 500 fastest-growing companies in the United States by Inc. 500 for two consecutive years and ranking as a Top 100 Dealer in the USA by Boating Industry magazine.
Market Context and Focus
Off The Hook YS Inc. positions itself within what it describes as a roughly $57 billion marine market and a U.S. pre-owned boat and yacht market of about 1 million units annually. The company’s strategy, as described in its own materials, is to use a vertically integrated model to capture a greater share of this market by combining acquisition, brokerage, financing, asset recovery, repair, and digital lead generation. Its focus is on pre-owned boats and yachts, with an emphasis on speed of transactions, national reach, and data-driven decision-making.
Autograph Yacht Group extends this focus into the luxury segment, targeting premium yachts and high-discretion clients, while Azure Funding and Marine Asset Recovery add financing and asset management capabilities. Off the Hook Yacht Services supports vessel upkeep, which can be relevant both to end customers and to the company’s own inventory management.
Public Company Status and Regulatory Filings
Off The Hook YS Inc. is incorporated in Nevada and trades on the NYSE American under the symbol OTH. The company completed an initial public offering of its common stock, with its registration statement on Form S-1 becoming effective with the U.S. Securities and Exchange Commission. Following the IPO, Off The Hook YS Inc. files periodic and current reports with the SEC, including Form 8-K filings related to financial results, operating updates, and other material events such as its initial public offering, share repurchase authorization, and strategic partnerships.
These filings provide additional detail on the company’s financial condition, results of operations, and risk factors, as well as updates on initiatives like the Autograph Yacht Group launch and the nationwide dealer incentive program developed with a private aviation partner. Investors and analysts can review these SEC documents to better understand the company’s performance, capital structure, and strategic priorities.
Recognition and Industry Positioning
In its own communications, Off The Hook YS Inc. notes that over the past decade it has become a recognized wholesaler in the marine industry. The company cites being named one of the 500 fastest-growing companies in the United States by Inc. 500 for two consecutive years and being consistently ranked as a Top 100 Dealer in the USA by Boating Industry magazine. These acknowledgments are presented by the company as evidence of its growth and standing within the marine and pre-owned boat dealership space.
The company also highlights its emphasis on hiring experienced professionals who are described as having integrity and a passion for the boating industry. It frames relationship-building and client satisfaction as central to its approach, which it believes has helped it become a go-to wholesaler and a major participant in the pre-owned boat market.
Integrated Platform Components
Off The Hook YS Inc. describes its operations as a scalable infrastructure spanning several interconnected functions:
- Technology and AI systems that support valuation, pricing, and matching of buyers and sellers.
- Wholesale and brokerage operations that handle inventory acquisition and resale across a national network.
- Financing through Azure Funding, which provides marine loan brokerage and lending services.
- Asset recovery through Marine Asset Recovery, which manages repossession and recovery of marine assets.
- Repair and support services through Off the Hook Yacht Services, which maintains and services yachts.
- Digital lead generation and auctions via Boatsandbuyers.com and Webuyboats.com, which generate leads and support auctions for boats.
By bringing these elements under one corporate umbrella, the company aims to support the full lifecycle of pre-owned boat and yacht transactions, from acquisition and financing to resale and service.
Stock Performance
Latest News
SEC Filings
Insider Radar
Financial Highlights
Upcoming Events
Acquisition closing (Apex Marine)
Reach 1,000 employees
Short Interest History
Short interest in Off the Hook YS (OTH) currently stands at 3.7 thousand shares, down 37.8% from the previous reporting period, representing 0.1% of the float. Over the past 12 months, short interest has decreased by 60.4%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Off the Hook YS (OTH) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed.