See more : CTK Co., Ltd (260930.KQ) Income Statement Analysis – Financial Results
Complete financial analysis of Vicinity Motor Corp. (VEV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Vicinity Motor Corp., a leading company in the Auto – Manufacturers industry within the Consumer Cyclical sector.
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Vicinity Motor Corp. (VEV)
About Vicinity Motor Corp.
Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc. and changed its name to Vicinity Motor Corp. in March 2021. Vicinity Motor Corp. founded in 2008 and is headquartered in Aldergrove, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19.05M | 18.48M | 41.71M | 20.44M | 18.87M | 51.45M | 43.50M | 6.27M | 4.57M | 1.36M | 3.40M | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 16.91M | 18.04M | 37.47M | 17.82M | 15.55M | 42.70M | 38.48M | 5.88M | 4.67M | 1.31M | 2.89M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 2.14M | 440.00K | 4.24M | 2.62M | 3.32M | 8.75M | 5.03M | 392.32K | -105.10K | 48.44K | 513.57K | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 11.21% | 2.38% | 10.15% | 12.82% | 17.60% | 17.02% | 11.55% | 6.25% | -2.30% | 3.57% | 15.10% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 254.86K | 167.54K | 139.68K | 516.92K | 433.27K | 296.24K | 205.21K |
| General & Administrative | 10.66M | 10.91M | 9.17M | 5.49M | 6.03M | 6.32M | 0.00 | 2.06M | 2.21M | 3.34M | 935.08K | 255.82K | 137.27K | 212.56K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 6.04M | 7.24M | 7.02M | 4.98M | 594.79K | 792.71K | 285.91K | 33.90K | 30.43K | 89.63K | 9.08K |
| SG&A | 10.66M | 10.91M | 9.17M | 5.49M | 6.03M | 6.32M | 4.98M | 2.65M | 3.01M | 3.63M | 968.97K | 286.25K | 226.90K | 221.64K |
| Other Expenses | -374.75K | 2.57M | 872.00K | 504.25K | 479.72K | -6.72M | 0.00 | 27.97K | 36.33K | 59.06K | 150.87K | 162.31K | 418.92K | 58.52K |
| Operating Expenses | 11.52M | 13.48M | 10.04M | 5.99M | 6.51M | 6.63M | 4.98M | 2.94M | 3.21M | 3.83M | 1.64M | 881.84K | 942.05K | 485.38K |
| Cost & Expenses | 28.44M | 31.51M | 47.51M | 23.82M | 22.06M | 49.32M | 43.45M | 8.82M | 7.88M | 5.13M | 4.52M | 881.84K | 942.05K | 485.38K |
| Interest Income | 0.00 | 0.00 | 0.00 | 27.48K | 289.50 | 1.11M | 789.57K | 989.48K | 112.01K | 83.50K | 120.31K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 5.04M | 2.26M | 716.00K | 572.48K | 536.93K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25.18K | 4.47K | 6.16K |
| Depreciation & Amortization | 1.42M | 2.97M | 1.24M | 737.00K | 776.05K | 538.15K | 274.61K | 27.97K | 36.33K | 59.06K | 122.10K | 162.31K | 168.37K | 54.93K |
| EBITDA | -10.18M | -12.52M | -4.90M | -1.88M | -2.46M | 2.67M | 321.08K | -2.72M | -3.25M | -3.66M | -1.04M | -719.52K | -773.68K | -430.45K |
| EBITDA Ratio | -41.82% | -54.52% | -10.94% | -12.70% | -12.81% | 5.18% | 0.74% | -40.10% | -71.82% | -274.11% | -29.44% | 0.00% | 0.00% | 0.00% |
| Operating Income | -9.39M | -13.04M | -5.80M | -3.37M | -3.19M | 2.13M | 46.46K | -2.54M | -3.32M | -4.18M | -1.18M | -875.71K | -922.22K | -514.69K |
| Operating Income Ratio | -49.27% | -70.57% | -13.91% | -16.49% | -16.92% | 4.14% | 0.11% | -40.54% | -72.61% | -308.00% | -34.82% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -7.25M | -4.71M | -1.06M | 3.00K | -579.23K | -1.43M | -377.83K | -405.65K | -55.50K | 20.10K | -91.26K | -31.31K | -24.30K | 23.15K |
| Income Before Tax | -16.63M | -17.75M | -6.86M | -3.38M | -3.77M | 696.72K | -331.37K | -3.03M | -3.37M | -3.80M | -1.28M | -907.02K | -946.52K | -491.54K |
| Income Before Tax Ratio | -87.31% | -96.05% | -16.45% | -16.51% | -19.99% | 1.35% | -0.76% | -48.24% | -73.83% | -280.12% | -37.50% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 5.04M | 202.00K | 464.00K | 76.85K | 45.00K | -613.49K | 627.89K | 359.42K | 84.59K | 76.79K | 114.12K | -6.13K | -19.83K | 29.32K |
| Net Income | -16.63M | -17.95M | -7.32M | -3.45M | -3.82M | 696.72K | -331.37K | -3.03M | -3.37M | -3.80M | -1.28M | -907.02K | -946.52K | -491.54K |
| Net Income Ratio | -87.31% | -97.15% | -17.56% | -16.89% | -20.23% | 1.35% | -0.76% | -48.24% | -73.83% | -280.12% | -37.50% | 0.00% | 0.00% | 0.00% |
| EPS | -0.36 | -0.45 | -0.24 | -0.13 | -0.16 | 0.03 | -0.01 | -0.18 | -0.24 | -0.35 | -0.19 | -0.24 | -0.25 | -0.13 |
| EPS Diluted | -0.36 | -0.45 | -0.24 | -0.13 | -0.16 | 0.03 | -0.01 | -0.18 | -0.24 | -0.35 | -0.19 | -0.24 | -0.25 | -0.13 |
| Weighted Avg Shares Out | 45.61M | 39.65M | 30.83M | 25.76M | 24.24M | 24.02M | 22.19M | 16.82M | 14.22M | 10.86M | 6.56M | 3.80M | 3.80M | 3.74M |
| Weighted Avg Shares Out (Dil) | 45.61M | 39.65M | 30.83M | 25.76M | 24.24M | 24.92M | 23.92M | 16.82M | 14.22M | 10.86M | 6.56M | 3.80M | 3.80M | 3.74M |
Vicinity Energy Delivers eSteam™, First Carbon-Free Thermal Energy Solution in U.S.
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #BOSpoli--Vicinity Energy, a decarbonization leader with the nation's largest portfolio of district energy systems, announced the launch of eSteam™, the first carbon-free thermal energy solution in the United States. This milestone follows a swift two-year journey from...
Vicinity Motor Corp. Announces Board Resignations
VANCOUVER, BC / ACCESSWIRE / October 25, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company") today announced that all members of the Board of Directors have resigned from the Company. On October 21, 2024 Royal Bank of Canada...
Vicinity Motor Corp. Receives Nasdaq Delisting Notice
VANCOUVER, BC / ACCESSWIRE / October 23, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company") today announced that it has received a letter from the Nasdaq Listing Qualifications Department notifying the Company of its failure to meet the...
Vicinity Motor Corp. Receives Notice from RBC of Intent to File Receivership Order on Monday, October 21, 2024
PricewaterhouseCoopers LLP Resigns as Auditor; BC Securities Commission Expected to Cease Trading by Monday, October 21, 2024 VANCOUVER, BC / ACCESSWIRE / October 18, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company") today announced that Royal Bank of...
Vicinity Motor Corp. Notification of Workout Plan Conclusion Without Successful Financial Restructuring
VANCOUVER, BC / ACCESSWIRE / October 11, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has not been successful renegotiating terms with Royal Bank of Canada...
Vicinity Motor Corp. Provides Update on Filing of Quarterly Financial Statements
VANCOUVER, BC / ACCESSWIRE / September 25, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today provides an update to its news release dated August 14, 2024 (the "Announcement") announcing...
Vicinity Motor Corp. Provides Update on Filing of Quarterly Financial Statements
VANCOUVER, BC / ACCESSWIRE / September 11, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today provides an update to its news release dated August 14, 2024 (the "Announcement") announcing...
Vicinity Motor Corp. to Exhibit VMC 1200 Electric Truck at the Everything Electric Canada Show
Company to Showcase VMC 1200 Class 3 Electric Truck at Booth #CV50 September 6-8, 2024 VANCOUVER, BC / ACCESSWIRE / September 6, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles,...
Vicinity Motor Corp. Provides Update on Filing of Quarterly Financial Statements
VANCOUVER, BC / ACCESSWIRE / August 28, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today provides an update to its news release dated August 14, 2024 (the "Announcement") announcing...
Vicinity Motor Corp. Enters Into Workout Agreement to Develop a Restructuring Plan With Creditors
Vicinity Seeks to Forge Clear Path Forward in Ongoing Discussions with Creditors VANCOUVER, BC / ACCESSWIRE / August 21, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial buses and electric vehicles, today...
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