See more : BaWang International (Group) Holding Limited (1338.HK) Income Statement Analysis – Financial Results
Complete financial analysis of Electrameccanica Vehicles Corp. (SOLO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Electrameccanica Vehicles Corp., a leading company in the Auto – Manufacturers industry within the Consumer Cyclical sector.
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Electrameccanica Vehicles Corp. (SOLO)
About Electrameccanica Vehicles Corp.
Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. Its flagship product is the SOLO, a single seat vehicle. The company is also developing Tofino, an all-electric two-seater roadster. It also develops and manufactures custom built vehicles. The company sells its vehicles online through electrameccanica.com, as well as through 17 retail locations. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Burnaby, Canada.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 608.43K | 6.81M | 2.10M | 568.52K | 446.07K | 451.68K | 68.26K | 0.00 | 0.00 |
| Cost of Revenue | 1.55M | 33.07M | 4.33M | 699.46K | 371.68K | 334.23K | 39.98K | 0.00 | 0.00 |
| Gross Profit | -941.19K | -26.26M | -2.23M | -130.93K | 74.39K | 117.46K | 28.28K | 0.00 | 0.00 |
| Gross Profit Ratio | -154.69% | -385.40% | -106.34% | -23.03% | 16.68% | 26.00% | 41.42% | 0.00% | 0.00% |
| Research & Development | 9.15M | 22.03M | 17.09M | 7.85M | 5.47M | 3.23M | 2.77M | 1.53M | 253.21K |
| General & Administrative | 32.45M | 39.76M | 26.81M | 15.09M | 8.69M | 5.71M | 2.72M | 3.26M | 253.25K |
| Selling & Marketing | 2.96M | 14.66M | 10.41M | 2.53M | 1.00M | 805.91K | 394.76K | 115.27K | 10.24K |
| SG&A | 35.41M | 54.42M | 37.22M | 17.62M | 9.70M | 6.52M | 3.11M | 3.38M | 263.49K |
| Other Expenses | -2.13M | -15.74M | 4.09M | 1.53M | 613.43K | 161.90K | 77.61K | 12.42K | 327.17 |
| Operating Expenses | 44.57M | 76.45M | 58.40M | 27.00M | 15.78M | 9.91M | 5.96M | 4.92M | 517.03K |
| Cost & Expenses | 46.12M | 109.52M | 62.73M | 27.70M | 16.15M | 10.25M | 6.00M | 4.92M | 517.03K |
| Interest Income | 4.91M | 2.30M | 270.42K | 169.71K | 57.20K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 28.49M | 0.00 | 0.00 | 0.00 | 0.00 | 43.49K | 14.26K | 47.85 |
| Depreciation & Amortization | 3.45M | 20.94M | -14.61M | 1.60M | 722.06K | 161.90K | 77.61K | 12.42K | 327.17 |
| EBITDA | -27.21M | -89.36M | -75.41M | 10.84M | -14.98M | -9.63M | -6.02M | -4.91M | -516.70K |
| EBITDA Ratio | -4,472.79% | -1,311.67% | -3,589.47% | 1,907.10% | -3,358.85% | -2,132.99% | -8,815.02% | 0.00% | 0.00% |
| Operating Income | -55.00M | -110.30M | -60.80M | 9.24M | -15.70M | -9.80M | -5.93M | -6.61M | -517.03K |
| Operating Income Ratio | -9,039.77% | -1,619.07% | -2,893.97% | 1,625.03% | -3,520.72% | -2,168.84% | -8,691.90% | 0.00% | 0.00% |
| Total Other Income/Expenses | -12.07M | -13.38M | 16.96M | -35.87M | -3.30M | 3.85M | -1.17M | -2.98K | -946.14 |
| Income Before Tax | -57.58M | -123.67M | -41.33M | -63.08M | -17.74M | -5.83M | -7.11M | -4.94M | -517.98K |
| Income Before Tax Ratio | -9,463.91% | -1,815.43% | -1,967.18% | -11,095.36% | -3,976.07% | -1,291.62% | -10,411.40% | 0.00% | 0.00% |
| Income Tax Expense | 1.00K | 23.55K | 850.00 | -32.55K | -60.26K | -968.67 | 43.49K | 14.26K | 47.85 |
| Net Income | -57.58M | -123.70M | -41.33M | -63.05M | -17.68M | -5.83M | -7.11M | -4.94M | -517.98K |
| Net Income Ratio | -9,464.08% | -1,815.77% | -1,967.22% | -11,089.64% | -3,962.56% | -1,291.41% | -10,411.40% | 0.00% | 0.00% |
| EPS | -0.48 | -1.04 | -0.37 | -1.08 | -0.49 | -0.22 | -0.32 | -0.23 | -0.02 |
| EPS Diluted | -0.48 | -1.04 | -0.37 | -1.08 | -0.49 | -0.22 | -0.32 | -0.23 | -0.02 |
| Weighted Avg Shares Out | 119.29M | 118.74M | 111.72M | 58.35M | 36.00M | 26.58M | 21.82M | 21.36M | 21.36M |
| Weighted Avg Shares Out (Dil) | 119.29M | 118.74M | 111.72M | 58.35M | 36.00M | 26.58M | 21.82M | 21.36M | 21.36M |
ElectraMeccanica Vehicles Corp. Reports Results of Special Meeting of Shareholders
MESA, Ariz., March 20, 2024 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, today announces the results of the special meeting of shareholders of ElectraMeccanica (the “Shareholders”) held virtually on Wednesday, March...
ElectraMeccanica Reminds Shareholders to Vote in Favour of the Proposed Combination With Xos and Provides Additional Disclosure
MESA, Ariz., March 14, 2024 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, reminds shareholders that it will host its special meeting (the “Meeting”) of the holders of common shares of ElectraMeccanica...
ElectraMeccanica Founder and Former Board Member Jerry Kroll Agrees to Vote in Favor of Proposed Combination with Xos, Inc.
MESA, Ariz.--(BUSINESS WIRE)--ElectraMeccanica (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, announced today that founder and former board member Jerry Kroll has agreed to vote in favor of the ElectraMeccanica's proposed combination with Xos, Inc. (NASDAQ: XOS) (“Xos”),...
ELECTRAMECCANICA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of ElectraMeccanica Vehicles Corp. - SOLO
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of ElectraMeccanica Vehicles Corp. (NasdaqCM: SOLO) with Xos, Inc. (NasdaqCM: XOS) pursuant...
ElectraMeccanica Announces Filing and Mailing of the Joint Proxy Statement/Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Proposed Combination with Xos
MESA, Ariz.--(BUSINESS WIRE)--ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”) is pleased to announce that the joint proxy statement/management information circular (the “Joint Proxy Statement/Circular”) of ElectraMeccanica and Xos, Inc. (NASDAQ: XOS) (“Xos”) giving notice of a special meeting of ElectraMeccanica shareholders...
Electrameccanica Vehicles Corp. (SOLO) ElectraMeccanica and Xos Joint Investor Call Transcript
Electrameccanica Vehicles Corp. (SOLO) ElectraMeccanica and Xos Joint Investor Call Transcript
ELECTRAMECCANICA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Merger of ElectraMeccanica Vehicles Corp. - SOLO
NEW ORLEANS , Jan. 22, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
SOLO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of ElectraMeccanica Vehicles Corp. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) to Xos, Inc. for all-stock is fair to ElectraMeccanica shareholders. Upon closing of the proposed transaction, ElectraMeccanica shareholders are...
Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos' Leadership Position in Manufacturing Commercial Electric Vehicles for Major U.S. Fleet Customers
LOS ANGELES & MESA, Ariz.--(BUSINESS WIRE)--Xos, Inc. (NASDAQ: XOS) (“Xos”), a leading electric truck manufacturer and fleet electrification services provider, and ElectraMeccanica, (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, today announced that they have entered into a...
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As a new year begins, the state of play for investors in the electric vehicle (EV) sector is still bright in the long term. It's the short-term you should be concerned about.
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