See more : Henan Xinye Textile Co., Ltd. (002087.SZ) 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 Provides Shareholders with December CEO Update
MESA, Ariz.--(BUSINESS WIRE)--ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and assembler of electric vehicles, today issued a letter to its shareholders from Susan E. Docherty, ElectraMeccanica's CEO, providing an update on the business. Please visit the...
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Stephen Johnston Succeeds Mark Orsmond as ElectraMeccanica's Chief Financial Officer
MESA, Ariz.--(BUSINESS WIRE)--ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, today announced that its CFO, Mark Orsmond will be succeeded, effective immediately, by Stephen Johnston. Orsmond's departure reflects a mutually-agreed transition and allows the outgoing...
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