View Future GrowthVicinity Motor 過去の業績過去 基準チェック /06Vicinity Motorの過去数年間の業績に関するデータが不十分です。主要情報n/a収益成長率n/aEPS成長率Machinery 業界の成長8.77%収益成長率n/a株主資本利益率n/aネット・マージンn/a前回の決算情報31 Mar 2024最近の業績更新お知らせ • Aug 01Vicinity Motor Corp. to Report Q2, 2024 Results on Aug 14, 2024Vicinity Motor Corp. announced that they will report Q2, 2024 results After-Market on Aug 14, 2024Reported Earnings • May 16First quarter 2024 earnings released: US$0.081 loss per share (vs US$0.054 loss in 1Q 2023)First quarter 2024 results: US$0.081 loss per share (further deteriorated from US$0.054 loss in 1Q 2023). Revenue: US$13.2m (up 400% from 1Q 2023). Net loss: US$3.72m (loss widened 53% from 1Q 2023). Revenue is forecast to grow 80% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.お知らせ • May 09Vicinity Motor Corp. to Report Q1, 2024 Results on May 14, 2024Vicinity Motor Corp. announced that they will report Q1, 2024 results After-Market on May 14, 2024Reported Earnings • Apr 03Full year 2023 earnings released: US$0.36 loss per share (vs US$0.45 loss in FY 2022)Full year 2023 results: US$0.36 loss per share (improved from US$0.45 loss in FY 2022). Revenue: US$19.1m (up 3.1% from FY 2022). Net loss: US$16.6m (loss narrowed 7.3% from FY 2022). Revenue is forecast to grow 76% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 20Vicinity Motor Corp. to Report Q4, 2023 Results on Mar 28, 2024Vicinity Motor Corp. announced that they will report Q4, 2023 results After-Market on Mar 28, 2024Reported Earnings • Nov 16Third quarter 2023 earnings released: US$0.096 loss per share (vs US$0.19 loss in 3Q 2022)Third quarter 2023 results: US$0.096 loss per share (improved from US$0.19 loss in 3Q 2022). Revenue: US$6.49m (up 328% from 3Q 2022). Net loss: US$4.39m (loss narrowed 41% from 3Q 2022). Revenue is forecast to grow 170% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings.すべての更新を表示Recent updatesお知らせ • Mar 13The Nasdaq Stock Market to Delist the Common Stock of Vicinity MotorThe Nasdaq Stock Market announced that it will delist the common stock of Vicinity Motor Corp. Vicinity Motor’s stock was suspended on October 31, 2024 and has not traded on Nasdaq since that time.お知らせ • Feb 22Vicinity Motor's Common Shares to be Delisted from TSX Venture Exchange as Result of Failure to Maintain Exchange RequirementsFurther to the TSX Venture Exchange Bulletin dated October 22, 2024, effective at the close of business on February 24, 2025, the common shares of the Vicinity Motor Corp. (the ‘Company’) will be delisted from TSX Venture Exchange as a result of the Company's failure to maintain Exchange Requirements. Prior to delisting, the shares of the Company were subject to suspension from trading.お知らせ • Nov 01Vicinity Motor Corp.(OTCPK:VEVM.Q) dropped from NASDAQ Composite IndexVicinity Motor Corp. has been dropped from the NASDAQ Composite Index .お知らせ • Oct 31Vicinity Motor Corp.(OTCPK:VEVM.Q) dropped from NASDAQ Transportation IndexVicinity Motor Corp dropped from the NASDAQ Transportion Index.お知らせ • Oct 26+ 1 more updateVicinity Motor Corp. Announces Board ResignationsVicinity Motor Corp. announced that all members of the Board of Directors have resigned from the Company. On October 21, 2024 Royal Bank of Canada was granted a petition for Receivership of Vicinity Motor Corp. by the Superior Court of British Columbia. Since the grant of Receivership, none of the Board Members has been contacted by the Receiver. As this appointment is considered a ‘Change of Control', the entire Board of Directors consisting of Joseph Miller, Andrew Imanse, William Trainer, Chris Strong, James White and John LaGourgue have resigned from the Board.お知らせ • Oct 23Vicinity Motor Receives Delisting Notice from Nasdaq Due to its Failure to Meet the Minimum Bid Price Requirement under Nasdaq Listing Rule 5550(a)(2)Vicinity Motor Corp. (‘Vicinity’ or the ‘Company’) announced that it has received a letter from the Nasdaq Listing Qualifications Department notifying the Company of its failure to meet the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The letter stated that as of October 21, 2024, the Company's stock had not regained compliance, as its shares continued to trade below $1. Additionally, the Company received a separate delisting determination based on its recent entry into receivership pursuant to the Order of the Supreme Court of British Columbia. In light of the receivership filing, Nasdaq has determined that delisting is also warranted under Listing Rules 5101, 5110(b), and IM-5101-1. The Company will not appeal the decision, and trading of its common shares will be suspended at the opening of business on October 31, 2024, with a Form 25-NSE filed with the Securities and Exchange Commission, removing Vicinity Motor Corp. from the Nasdaq Capital Market.New Risk • Aug 11New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$5.70m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (42% average weekly change). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (US$5.70m market cap). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).お知らせ • Aug 01Vicinity Motor Corp. to Report Q2, 2024 Results on Aug 14, 2024Vicinity Motor Corp. announced that they will report Q2, 2024 results After-Market on Aug 14, 2024お知らせ • Jul 18+ 1 more updateVicinity Motor Corp. has filed a Follow-on Equity Offering in the amount of $2.5 million.Vicinity Motor Corp. has filed a Follow-on Equity Offering in the amount of $2.5 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 4,807,692 Price\Range: $0.52 Discount Per Security: $0.0312 Transaction Features: Registered Direct OfferingNew Risk • Jul 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (38% average weekly change). Earnings have declined by 44% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (US$30.6m market cap).お知らせ • Jul 12Vicinity Motor Corp. Announces CARB Certification for VMC 1200 Class 3 Electric TruckVicinity Motor Corp. announced that the VMC 1200 class 3 electric truck has received certification from the California Air Resources Board (CARB) as a zero-emission vehicle for the 2024 Model Year. CARB certification allows the sale of the VMC 1200 in California, as well as other states that have adopted CARB standards including Connecticut, Colorado, Delaware, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Mexico, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington. With this certification, the VMC 1200 can now be sold in every U.S. state. In addition, CARB certification allows Vicinity to participate in California's HVIP incentive program, as well as comparable programs in other states, which provide incentives to reduce the purchase cost of commercial electric vehicles. In addition, the VMC 1200 now qualifies for various incentive programs - such as the HVIP program in California - which provide monetary vouchers to reduce the total cost for the purchaser.お知らせ • Jun 13Vicinity Motor Corp. Announces Chief Financial Officer ChangesVicinity Motor Corp. announced the appointment of Tina Stewart CPA, CA, a seasoned finance executive, as Chief Financial Officer, succeeding Dan Buckle. Tina Stewart is a respected finance executive with over 20 years of experience in a variety of industries including mining, telecommunications, container terminal operations, and renewable energy. She is skilled in all areas of finance including strategic business planning, public company reporting, treasury, capital allocation and finance transformation. Before joining Vicinity, Tina was VP of Finance, North America, for Drax Group, where she led a 60-person finance team to support the manufacturing of compressed wood pellets in North America. Previously she was VP, Finance for Global Container Terminals Inc., leading treasury, business planning and capital allocation functions across the company. She has also held senior finance positions at Rogers Communications and Barrick Gold Corporation. Tina is a designated Chartered Professional Accountant in Canada and has an Honours Bachelor of Arts, Specialist in Economics from the University of Toronto, Concurrently with Tina's appointment, prior CFO Dan Buckle elected to resign due to personal reasons. As Chief Financial Officer of Vicinity, Tina will provide financial leadership to assist in building on the Company's goal of delivering value to its shareholders by implementing short, medium and long-term planning, risk management, corporate strategic development, system implementation, regulatory compliance reporting, internal controls and tax advisory.お知らせ • Jun 06Vicinity Motor Corp. Appoints Jeff Madura as Senior Director of SalesVicinity Motor Corp. announced the appointment of Jeff Madura, a veteran commercial vehicle sales executive, as Senior Director of Sales to lead the Company's sales activities throughout North America. Jeff Madura has over 29 years of experience in the transit bus industry as an experienced general manager of national teams focused on bus sales, business development, alternative fuels and zero emission vehicles, technical sales, and dealer sales. Prior to joining Vicinity, he was Director of Public Sector Sales for North America for Van Hool NV of Belgium, where he led strategic development of Van Hool's North American transit and motorcoach markets and directed the company's interest in alternative fuels and zero emission vehicles. Previously he led Master's Transportation municipal and government sales team as Director. He has also held sales and leadership positions with manufacturing OEM's and Tier 1 commercial suppliers.Reported Earnings • May 16First quarter 2024 earnings released: US$0.081 loss per share (vs US$0.054 loss in 1Q 2023)First quarter 2024 results: US$0.081 loss per share (further deteriorated from US$0.054 loss in 1Q 2023). Revenue: US$13.2m (up 400% from 1Q 2023). Net loss: US$3.72m (loss widened 53% from 1Q 2023). Revenue is forecast to grow 80% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.お知らせ • May 09Vicinity Motor Corp. to Report Q1, 2024 Results on May 14, 2024Vicinity Motor Corp. announced that they will report Q1, 2024 results After-Market on May 14, 2024お知らせ • Apr 25Vicinity Motor Receives Additional 180 Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price RuleVicinity Motor Corp. (‘Vicinity’ or the ‘Company’) announced that it received a letter from The Nasdaq Stock Market LLC (‘Nasdaq’), dated April 23, 2024, notifying the Company that Nasdaq has determined that the Company is eligible for an additional 180 calendar day period to regain compliance with Nasdaq's minimum USD 1.00 bid price per share requirement for continued listing on The Nasdaq Capital Market as set forth under Nasdaq Listing Rule 5550(a)(2) (the ‘Bid Price Requirement’), following the expiration on April 22, 2024 of the initial 180 calendar day period to regain compliance. As previously disclosed, the Company was initially notified by Nasdaq on October 24, 2023 that the Company was not in compliance with the Bid Price Requirement for a period of 30 consecutive business days, and Nasdaq granted the Company a period of 180 calendar days, or until April 22, 2024, to regain compliance with the Bid Price Requirement. As a result of the extension, the Company now has until October 21, 2024, to regain compliance with the Bid Price Requirement. To regain compliance, the Company's common shares must have a closing bid price of at least USD 1.00 per share for a minimum of 10 consecutive business days, at which point the matter will be closed. The receipt of the letter from Nasdaq has no immediate effect on the listing or trading of the Company's shares, which will continue to trade on The Nasdaq Capital Market under the symbol ‘VEV.’ The Company will monitor the closing price for its common shares during the extended compliance period and intends to take all reasonable measures available to regain compliance under the Bid Price Requirement and to maintain the listing of its common shares on The Nasdaq Capital Market.お知らせ • Apr 19Vicinity Motor Corp. Appoints Brent Phillips as PresidentVicinity Motor Corp. commenced its next phase of growth with the appointment of Brent Phillips as President. As President, Phillips will lead the sales, assembly, procurement, and engineering teams, while also clearly setting the direction and expansion of the company's sales and operations programs. To this end, the Company has commenced a strategic plan that, among other initiatives, will concentrate efforts on: Executing the plan to bring production of the Vicinity Lightning electric bus to Ferndale, WA; Enhancing the Company's existing VMC 1200 Dealer network across Canada to ensure fleets have access to Canada's only purpose built, fully-electric work truck, and that Dealers have the appropriate support for vehicle sales and service; and Initiating the launch strategy for a network of VMC 1200 Dealers across the U.S. Brent Phillips brings more than 30 years of experience in the commercial transportation field including previous leadership roles in distribution and manufacturing including operations, sales, and marketing. Prior to joining Vicinity in 2021, Phillips served as General Manager at Alliance Bus Group, a leading bus distributor. Before Alliance, Phillips was the Vice President of Sales, Commercial Bus Group at REV Group where he was responsible for multiple brands and distribution channels with two manufacturing facilities producing over 3,000 custom units per year. Additionally, Phillips has spent time with Velocity Vehicle Group as Vice President of Sales for the BusWest division.New Risk • Apr 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$27m free cash flow). Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$31.4m market cap).Reported Earnings • Apr 03Full year 2023 earnings released: US$0.36 loss per share (vs US$0.45 loss in FY 2022)Full year 2023 results: US$0.36 loss per share (improved from US$0.45 loss in FY 2022). Revenue: US$19.1m (up 3.1% from FY 2022). Net loss: US$16.6m (loss narrowed 7.3% from FY 2022). Revenue is forecast to grow 76% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 20Vicinity Motor Corp. to Report Q4, 2023 Results on Mar 28, 2024Vicinity Motor Corp. announced that they will report Q4, 2023 results After-Market on Mar 28, 2024Reported Earnings • Nov 16Third quarter 2023 earnings released: US$0.096 loss per share (vs US$0.19 loss in 3Q 2022)Third quarter 2023 results: US$0.096 loss per share (improved from US$0.19 loss in 3Q 2022). Revenue: US$6.49m (up 328% from 3Q 2022). Net loss: US$4.39m (loss narrowed 41% from 3Q 2022). Revenue is forecast to grow 170% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings.お知らせ • Nov 08Vicinity Motor Corp. to Report Q3, 2023 Results on Nov 13, 2023Vicinity Motor Corp. announced that they will report Q3, 2023 results After-Market on Nov 13, 2023お知らせ • Oct 26Vicinity Motor Corp. Receives NASDAQ Notification Letter Regarding Minimum Bid Price DeficiencyVicinity Motor Corp. announced that it has received a notification letter from the Nasdaq Stock Market LLC (the "NASDAQ") dated October 24, 2023, notifying the Company that due to its closing bid price being below USD 1.00 per share for 30 consecutive days, it is not in compliance with the minimum bid price requirement as set under NASDAQ Listing Rule 5550(a)(2) for continued listing on the NASDAQ. This press release is issued pursuant to NASDAQ Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification. In accordance with the NASDAQ Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until April 22, 2024, to regain compliance with NASDAQ Listing Rule 5550(a)(2). To regain compliance, the Company's shares must have a closing bid price of at least USD 1.00 for a minimum of 10 consecutive business days, at which point the matter will be closed. In the event that the Company does not regain compliance by April 22, 2024 the Company may be eligible for an additional 180-day period to regain compliance. The receipt of the Notification Letter has no immediate effect on the listing of the Company's shares, which will continue to trade uninterrupted on NASDAQ under the ticker "VEV". The Company will monitor the closing price for its common stock during the compliance period and intends to take all reasonable measures available to regain compliance under the NASDAQ Listing Rules and to maintain the listing of its common stock on the Nasdaq Capital Market.お知らせ • Oct 07Vicinity Motor Corp., Annual General Meeting, Dec 15, 2023Vicinity Motor Corp., Annual General Meeting, Dec 15, 2023.お知らせ • Aug 19Vicinity Motor Corp. to Exhibit Electric Vehicle Lineup At the Fully Charged Live Event in Vancouver from September 8-10, 2023Vicinity Motor Corp. announced that it will showcase the VMC 1200 Class 3 Electric Truck and Vicinity Lightning electric bus at the Fully Charged LIVE Canada event taking place September 8-10, 2023 at the Vancouver Convention Centre in Vancouver, Canada. Fully Charged - the world's number 1 home energy and electric vehicle channel - is bringing its Fully Charged LIVE event to Canada for the first time at the Vancouver Convention Centre in Vancouver, BC. The event will host quality exhibits and attractions to thousands of attendees. Founded and hosted by Robert Llewellyn (Red Dwarf, Scrapheap Challenge, Carpool), the Fully Charged LIVE event is not solely about Electric Cars, but Electric Vehicles of all shapes and sizes, as well as home energy solutions. Fully Charged LIVE. Date: September 8-10, 2023. Location: Vancouver Convention Centre, British Columbia, Canada. Vehicles on Display: VMC 1200 Class 3 Electric Truck, Vicinity Lightning Electric Bus.Reported Earnings • Aug 16Second quarter 2023 earnings released: US$0.015 loss per share (vs US$0.10 loss in 2Q 2022)Second quarter 2023 results: US$0.015 loss per share (improved from US$0.10 loss in 2Q 2022). Revenue: US$4.82m (down 59% from 2Q 2022). Net loss: US$701.0k (loss narrowed 82% from 2Q 2022). Revenue is forecast to grow 151% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • Aug 09+ 1 more updateVicinity Motor Corp. to Report Q2, 2023 Results on Aug 14, 2023Vicinity Motor Corp. announced that they will report Q2, 2023 results After-Market on Aug 14, 2023Reported Earnings • May 17First quarter 2023 earnings released: US$0.054 loss per share (vs US$0.082 loss in 1Q 2022)First quarter 2023 results: US$0.054 loss per share (improved from US$0.082 loss in 1Q 2022). Revenue: US$2.65m (down 17% from 1Q 2022). Net loss: US$2.44m (loss narrowed 16% from 1Q 2022). Revenue is forecast to grow 113% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • May 09Vicinity Motor Corp. to Report Q1, 2023 Results on May 15, 2023Vicinity Motor Corp. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 15, 2023Reported Earnings • Apr 02Full year 2022 earnings released: US$0.45 loss per share (vs US$0.24 loss in FY 2021)Full year 2022 results: US$0.45 loss per share (further deteriorated from US$0.24 loss in FY 2021). Revenue: US$18.5m (down 56% from FY 2021). Net loss: US$17.9m (loss widened 145% from FY 2021). Revenue is forecast to grow 93% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director James White was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Nov 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director James White was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Seeking Alpha • Oct 17Vicinity Motor gains on securing a purchase order worth over $100MVicinity Motor (NASDAQ:VEV) shares are surging premarket on securing a purchase order that exceeds $100M for 1,000 VMC 1200 Class 3 Electric Trucks from Pioneer Auto Group. Per the terms of the purchase order, the company is to deliver a electric trucks by the end of 2023. The deliveries are expected to commence this month. "We started manufacturing this vehicle in Canada and expect to shift to our new facility in Ferndale, Washington, which can accommodate both buses and trucks, by year-end. Given the simplified assembly of the VMC 1200 as compared to a transit bus, Ferndale truck capacity could reach 10,000 vehicles per year. Due to the fact we are not facing significant pressures in the VMC 1200 supply chain specifically, the VMC 1200 will prove to be a significant contributor to our 2023 revenue growth and profitability - enabling our goal of creating sustainable, long-term value creation for our shareholders," said William Trainer, Chief Executive Officer of Vicinity Motor Corp. Shares are trading up 38% premarket.Seeking Alpha • Oct 06Vicinity Motor secures order for four Vicinity Lightning electric busesVicinity Motor (NASDAQ:VEV) has received an order from strategic partner Sustainability Partners for four Vicinity Lightning electric buses via Soderholm Sales & Leasing. The State of Hawaii Department of Transportation will utilize SP's Electric Vehicles as a Service program to finance the conversion of traditional government fleets to Vicinity's electric vehicles. The order of four new electric buses is scheduled for delivery in 2023. "We continue to see significant interest from regional and international airports for EV passenger shuttle services given their inherent advantages," concluded William Trainer, Founder and CEO of Vicinity Motor.Board Change • Oct 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director James White was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Aug 17Second quarter 2022 earnings released: US$0.10 loss per share (vs US$0.012 loss in 2Q 2021)Second quarter 2022 results: US$0.10 loss per share (down from US$0.012 loss in 2Q 2021). Revenue: US$11.7m (down 24% from 2Q 2021). Net loss: US$3.79m (loss widened US$3.45m from 2Q 2021). Over the next year, revenue is forecast to grow 604%, compared to a 18% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Seeking Alpha • Jul 19Vicinity Motor signs distribution agreement with Schetky Bus and Van SalesVicinity Motor (NASDAQ:VEV) signed a distribution agreement with Schetky Bus and Van Sales, dealership and transportation solutions provider, for offering the Vicinity Lightning, Vicinity Classic and VMC-Optimal vehicles, including an initial commitment for 18 vehicles. Under agreement terms, Schetky will distribute Vicinity vehicles across Washington, Oregon, Idaho and Alaska; Vicinity line adds to Schetky's portfolio of existing internal combustion and electric vehicles. Shares trading 1.1% higher premarket.Seeking Alpha • May 18Vicinity Motor - Downgrading To 'Sell' After Lowered GuidanceCompany reported weak first quarter results and also lowered full-year guidance substantially. In contrast to management's previous expectations, the company will be materially affected by ongoing supply chain disruptions. Cash position appears insufficient to deal with capex requirements, near-term debt maturities, and the expected production ramp-up for the remainder of the year. Reiterating my expectations for the company being required to raise additional capital over the course of the year. With very little confidence in management's ability to execute and a high likelihood of additional dilution in the not-too-distant future, I am downgrading shares from "hold" to "sell".Reported Earnings • May 17First quarter 2022 earnings released: US$0.082 loss per share (vs US$0.057 profit in 1Q 2021)First quarter 2022 results: US$0.082 loss per share (down from US$0.057 profit in 1Q 2021). Revenue: US$3.18m (down 85% from 1Q 2021). Net loss: US$2.89m (down 278% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 411%, compared to a 54% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Price Target Changed • Apr 27Price target decreased to US$3.00Down from US$25.00, the current price target is provided by 1 analyst. New target price is 60% above last closing price of US$1.87. Stock is down 68% over the past year. The company posted a net loss per share of US$0.24 last year.Recent Insider Transactions • Apr 06Independent Director recently bought US$183k worth of stockOn the 4th of April, James White bought around 78k shares on-market at roughly US$2.35 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$686k more in shares than they have sold in the last 12 months.Seeking Alpha • Apr 01Vicinity Motor - Avoid Due To Additional Capital Needs And Elevated Execution RiskDiscussing ambitious BEV-transition plans of small Canadian bus manufacturer Vicinity Motor. Based on an order backlog "in excess of C$100 million" management expects 2022 revenues to increase by 170% to C$140 million with adjusted EBITDA of C$10 million. Most recent capital raise has caused shares to tumble to new 52-week lows. The company will likely require additional capital to deliver on its stated order backlog. Outlining a number of red flags, including the company's engagement in paid stock promotion in Germany. Based on management's projections for this year, Vicinity Motor looks inexpensive, but investors should abstain from chasing the shares given the likely requirement to raise additional capital and elevated execution risk.Reported Earnings • Mar 31Full year 2021 earnings released: US$0.24 loss per share (vs US$0.13 loss in FY 2020)Full year 2021 results: US$0.24 loss per share (down from US$0.13 loss in FY 2020). Revenue: US$41.7m (up 104% from FY 2020). Net loss: US$7.32m (loss widened 112% from FY 2020). Over the next year, revenue is forecast to grow 96%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Seeking Alpha • Jan 22Vicinity Motor Looks Cheap Based On 2022 Forecasts, It's My Top Pick In EV SpaceThe company is building an EV production facility in the USA that is set to open in the first half of 2022. Vicinity forecasts that its sales and EBITDA could soar to more than C$140 million ($112.1 million) and to over C$10 million ($8 million) in 2022, respectively. Yet, the share price has dropped by 68% since the July 2021 listing as the second half of the year has been marked by low delivery figures. I view this as a good time to open a position in Vicinity, although the market valuation could continue to decline before the opening of the new facility.Recent Insider Transactions • Jan 16Independent Director recently bought US$68k worth of stockOn the 13th of January, James White bought around 20k shares on-market at roughly US$3.42 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$388k more in shares than they have sold in the last 12 months.Reported Earnings • Nov 17Third quarter 2021 earnings released: CA$0.16 loss per share (vs CA$0.052 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CA$2.92m (down 67% from 3Q 2020). Net loss: CA$4.80m (loss widened 266% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Recent Insider Transactions • Sep 16Independent Director recently bought US$80k worth of stockOn the 13th of September, James White bought around 18k shares on-market at roughly US$4.36 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$231k more in shares than they have sold in the last 12 months.Reported Earnings • Aug 13Second quarter 2021 earnings released: CA$0.013 loss per share (vs CA$0.031 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$19.1m (up 120% from 2Q 2020). Net loss: CA$388.0k (loss narrowed 51% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.収支内訳Vicinity Motor の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史OTCPK:VEVM.Q 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 2430-1811031 Dec 2319-1711030 Sep 2316-1110030 Jun 2311-1410031 Mar 2318-1710031 Dec 2218-1811030 Sep 2219-1911030 Jun 2220-1511031 Mar 2223-1210031 Dec 2142-79030 Sep 2142-38030 Jun 214606031 Mar 213806031 Dec 2020-35030 Sep 2020-45030 Jun 2015-55031 Mar 2016-45031 Dec 1919-46030 Sep 1921-36030 Jun 1931-27031 Mar 194007031 Dec 185116030 Sep 185715030 Jun 186525031 Mar 185615031 Dec 174405031 Dec 167-43031 Aug 164-33031 May 167-33029 Feb 167-33030 Nov 153-33031 Aug 155-33031 May 154-330質の高い収益: VEVM.Qが 高品質の収益 を有しているかどうかを判断するにはデータが不十分です。利益率の向上: VEVM.Qの 利益率 が過去 1 年間で改善したかどうかを判断するにはデータが不十分です。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: VEVM.Qの過去 5 年間の前年比収益成長率がプラスであったかどうかを判断するにはデータが不十分です。成長の加速: VEVM.Qの過去 1 年間の収益成長を 5 年間の平均と比較するにはデータが不十分です。収益対業界: VEVM.Qの過去 1 年間の収益成長がMachinery業界平均を上回ったかどうかを判断するにはデータが不十分です。株主資本利益率高いROE: VEVM.Qは現在利益が出ていないため、自己資本利益率 ( 0% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YCapital-goods 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 02:04終値2026/05/21 00:00収益2024/03/31年間収益2023/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Vicinity Motor Corp. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Charles FrattAlliance Global PartnersAhmad ShaathBeacon Securities Limited
お知らせ • Aug 01Vicinity Motor Corp. to Report Q2, 2024 Results on Aug 14, 2024Vicinity Motor Corp. announced that they will report Q2, 2024 results After-Market on Aug 14, 2024
Reported Earnings • May 16First quarter 2024 earnings released: US$0.081 loss per share (vs US$0.054 loss in 1Q 2023)First quarter 2024 results: US$0.081 loss per share (further deteriorated from US$0.054 loss in 1Q 2023). Revenue: US$13.2m (up 400% from 1Q 2023). Net loss: US$3.72m (loss widened 53% from 1Q 2023). Revenue is forecast to grow 80% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.
お知らせ • May 09Vicinity Motor Corp. to Report Q1, 2024 Results on May 14, 2024Vicinity Motor Corp. announced that they will report Q1, 2024 results After-Market on May 14, 2024
Reported Earnings • Apr 03Full year 2023 earnings released: US$0.36 loss per share (vs US$0.45 loss in FY 2022)Full year 2023 results: US$0.36 loss per share (improved from US$0.45 loss in FY 2022). Revenue: US$19.1m (up 3.1% from FY 2022). Net loss: US$16.6m (loss narrowed 7.3% from FY 2022). Revenue is forecast to grow 76% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 20Vicinity Motor Corp. to Report Q4, 2023 Results on Mar 28, 2024Vicinity Motor Corp. announced that they will report Q4, 2023 results After-Market on Mar 28, 2024
Reported Earnings • Nov 16Third quarter 2023 earnings released: US$0.096 loss per share (vs US$0.19 loss in 3Q 2022)Third quarter 2023 results: US$0.096 loss per share (improved from US$0.19 loss in 3Q 2022). Revenue: US$6.49m (up 328% from 3Q 2022). Net loss: US$4.39m (loss narrowed 41% from 3Q 2022). Revenue is forecast to grow 170% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 13The Nasdaq Stock Market to Delist the Common Stock of Vicinity MotorThe Nasdaq Stock Market announced that it will delist the common stock of Vicinity Motor Corp. Vicinity Motor’s stock was suspended on October 31, 2024 and has not traded on Nasdaq since that time.
お知らせ • Feb 22Vicinity Motor's Common Shares to be Delisted from TSX Venture Exchange as Result of Failure to Maintain Exchange RequirementsFurther to the TSX Venture Exchange Bulletin dated October 22, 2024, effective at the close of business on February 24, 2025, the common shares of the Vicinity Motor Corp. (the ‘Company’) will be delisted from TSX Venture Exchange as a result of the Company's failure to maintain Exchange Requirements. Prior to delisting, the shares of the Company were subject to suspension from trading.
お知らせ • Nov 01Vicinity Motor Corp.(OTCPK:VEVM.Q) dropped from NASDAQ Composite IndexVicinity Motor Corp. has been dropped from the NASDAQ Composite Index .
お知らせ • Oct 31Vicinity Motor Corp.(OTCPK:VEVM.Q) dropped from NASDAQ Transportation IndexVicinity Motor Corp dropped from the NASDAQ Transportion Index.
お知らせ • Oct 26+ 1 more updateVicinity Motor Corp. Announces Board ResignationsVicinity Motor Corp. announced that all members of the Board of Directors have resigned from the Company. On October 21, 2024 Royal Bank of Canada was granted a petition for Receivership of Vicinity Motor Corp. by the Superior Court of British Columbia. Since the grant of Receivership, none of the Board Members has been contacted by the Receiver. As this appointment is considered a ‘Change of Control', the entire Board of Directors consisting of Joseph Miller, Andrew Imanse, William Trainer, Chris Strong, James White and John LaGourgue have resigned from the Board.
お知らせ • Oct 23Vicinity Motor Receives Delisting Notice from Nasdaq Due to its Failure to Meet the Minimum Bid Price Requirement under Nasdaq Listing Rule 5550(a)(2)Vicinity Motor Corp. (‘Vicinity’ or the ‘Company’) announced that it has received a letter from the Nasdaq Listing Qualifications Department notifying the Company of its failure to meet the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The letter stated that as of October 21, 2024, the Company's stock had not regained compliance, as its shares continued to trade below $1. Additionally, the Company received a separate delisting determination based on its recent entry into receivership pursuant to the Order of the Supreme Court of British Columbia. In light of the receivership filing, Nasdaq has determined that delisting is also warranted under Listing Rules 5101, 5110(b), and IM-5101-1. The Company will not appeal the decision, and trading of its common shares will be suspended at the opening of business on October 31, 2024, with a Form 25-NSE filed with the Securities and Exchange Commission, removing Vicinity Motor Corp. from the Nasdaq Capital Market.
New Risk • Aug 11New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$5.70m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (42% average weekly change). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (US$5.70m market cap). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).
お知らせ • Aug 01Vicinity Motor Corp. to Report Q2, 2024 Results on Aug 14, 2024Vicinity Motor Corp. announced that they will report Q2, 2024 results After-Market on Aug 14, 2024
お知らせ • Jul 18+ 1 more updateVicinity Motor Corp. has filed a Follow-on Equity Offering in the amount of $2.5 million.Vicinity Motor Corp. has filed a Follow-on Equity Offering in the amount of $2.5 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 4,807,692 Price\Range: $0.52 Discount Per Security: $0.0312 Transaction Features: Registered Direct Offering
New Risk • Jul 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (38% average weekly change). Earnings have declined by 44% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (US$30.6m market cap).
お知らせ • Jul 12Vicinity Motor Corp. Announces CARB Certification for VMC 1200 Class 3 Electric TruckVicinity Motor Corp. announced that the VMC 1200 class 3 electric truck has received certification from the California Air Resources Board (CARB) as a zero-emission vehicle for the 2024 Model Year. CARB certification allows the sale of the VMC 1200 in California, as well as other states that have adopted CARB standards including Connecticut, Colorado, Delaware, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Mexico, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington. With this certification, the VMC 1200 can now be sold in every U.S. state. In addition, CARB certification allows Vicinity to participate in California's HVIP incentive program, as well as comparable programs in other states, which provide incentives to reduce the purchase cost of commercial electric vehicles. In addition, the VMC 1200 now qualifies for various incentive programs - such as the HVIP program in California - which provide monetary vouchers to reduce the total cost for the purchaser.
お知らせ • Jun 13Vicinity Motor Corp. Announces Chief Financial Officer ChangesVicinity Motor Corp. announced the appointment of Tina Stewart CPA, CA, a seasoned finance executive, as Chief Financial Officer, succeeding Dan Buckle. Tina Stewart is a respected finance executive with over 20 years of experience in a variety of industries including mining, telecommunications, container terminal operations, and renewable energy. She is skilled in all areas of finance including strategic business planning, public company reporting, treasury, capital allocation and finance transformation. Before joining Vicinity, Tina was VP of Finance, North America, for Drax Group, where she led a 60-person finance team to support the manufacturing of compressed wood pellets in North America. Previously she was VP, Finance for Global Container Terminals Inc., leading treasury, business planning and capital allocation functions across the company. She has also held senior finance positions at Rogers Communications and Barrick Gold Corporation. Tina is a designated Chartered Professional Accountant in Canada and has an Honours Bachelor of Arts, Specialist in Economics from the University of Toronto, Concurrently with Tina's appointment, prior CFO Dan Buckle elected to resign due to personal reasons. As Chief Financial Officer of Vicinity, Tina will provide financial leadership to assist in building on the Company's goal of delivering value to its shareholders by implementing short, medium and long-term planning, risk management, corporate strategic development, system implementation, regulatory compliance reporting, internal controls and tax advisory.
お知らせ • Jun 06Vicinity Motor Corp. Appoints Jeff Madura as Senior Director of SalesVicinity Motor Corp. announced the appointment of Jeff Madura, a veteran commercial vehicle sales executive, as Senior Director of Sales to lead the Company's sales activities throughout North America. Jeff Madura has over 29 years of experience in the transit bus industry as an experienced general manager of national teams focused on bus sales, business development, alternative fuels and zero emission vehicles, technical sales, and dealer sales. Prior to joining Vicinity, he was Director of Public Sector Sales for North America for Van Hool NV of Belgium, where he led strategic development of Van Hool's North American transit and motorcoach markets and directed the company's interest in alternative fuels and zero emission vehicles. Previously he led Master's Transportation municipal and government sales team as Director. He has also held sales and leadership positions with manufacturing OEM's and Tier 1 commercial suppliers.
Reported Earnings • May 16First quarter 2024 earnings released: US$0.081 loss per share (vs US$0.054 loss in 1Q 2023)First quarter 2024 results: US$0.081 loss per share (further deteriorated from US$0.054 loss in 1Q 2023). Revenue: US$13.2m (up 400% from 1Q 2023). Net loss: US$3.72m (loss widened 53% from 1Q 2023). Revenue is forecast to grow 80% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.
お知らせ • May 09Vicinity Motor Corp. to Report Q1, 2024 Results on May 14, 2024Vicinity Motor Corp. announced that they will report Q1, 2024 results After-Market on May 14, 2024
お知らせ • Apr 25Vicinity Motor Receives Additional 180 Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price RuleVicinity Motor Corp. (‘Vicinity’ or the ‘Company’) announced that it received a letter from The Nasdaq Stock Market LLC (‘Nasdaq’), dated April 23, 2024, notifying the Company that Nasdaq has determined that the Company is eligible for an additional 180 calendar day period to regain compliance with Nasdaq's minimum USD 1.00 bid price per share requirement for continued listing on The Nasdaq Capital Market as set forth under Nasdaq Listing Rule 5550(a)(2) (the ‘Bid Price Requirement’), following the expiration on April 22, 2024 of the initial 180 calendar day period to regain compliance. As previously disclosed, the Company was initially notified by Nasdaq on October 24, 2023 that the Company was not in compliance with the Bid Price Requirement for a period of 30 consecutive business days, and Nasdaq granted the Company a period of 180 calendar days, or until April 22, 2024, to regain compliance with the Bid Price Requirement. As a result of the extension, the Company now has until October 21, 2024, to regain compliance with the Bid Price Requirement. To regain compliance, the Company's common shares must have a closing bid price of at least USD 1.00 per share for a minimum of 10 consecutive business days, at which point the matter will be closed. The receipt of the letter from Nasdaq has no immediate effect on the listing or trading of the Company's shares, which will continue to trade on The Nasdaq Capital Market under the symbol ‘VEV.’ The Company will monitor the closing price for its common shares during the extended compliance period and intends to take all reasonable measures available to regain compliance under the Bid Price Requirement and to maintain the listing of its common shares on The Nasdaq Capital Market.
お知らせ • Apr 19Vicinity Motor Corp. Appoints Brent Phillips as PresidentVicinity Motor Corp. commenced its next phase of growth with the appointment of Brent Phillips as President. As President, Phillips will lead the sales, assembly, procurement, and engineering teams, while also clearly setting the direction and expansion of the company's sales and operations programs. To this end, the Company has commenced a strategic plan that, among other initiatives, will concentrate efforts on: Executing the plan to bring production of the Vicinity Lightning electric bus to Ferndale, WA; Enhancing the Company's existing VMC 1200 Dealer network across Canada to ensure fleets have access to Canada's only purpose built, fully-electric work truck, and that Dealers have the appropriate support for vehicle sales and service; and Initiating the launch strategy for a network of VMC 1200 Dealers across the U.S. Brent Phillips brings more than 30 years of experience in the commercial transportation field including previous leadership roles in distribution and manufacturing including operations, sales, and marketing. Prior to joining Vicinity in 2021, Phillips served as General Manager at Alliance Bus Group, a leading bus distributor. Before Alliance, Phillips was the Vice President of Sales, Commercial Bus Group at REV Group where he was responsible for multiple brands and distribution channels with two manufacturing facilities producing over 3,000 custom units per year. Additionally, Phillips has spent time with Velocity Vehicle Group as Vice President of Sales for the BusWest division.
New Risk • Apr 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$27m free cash flow). Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$31.4m market cap).
Reported Earnings • Apr 03Full year 2023 earnings released: US$0.36 loss per share (vs US$0.45 loss in FY 2022)Full year 2023 results: US$0.36 loss per share (improved from US$0.45 loss in FY 2022). Revenue: US$19.1m (up 3.1% from FY 2022). Net loss: US$16.6m (loss narrowed 7.3% from FY 2022). Revenue is forecast to grow 76% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 20Vicinity Motor Corp. to Report Q4, 2023 Results on Mar 28, 2024Vicinity Motor Corp. announced that they will report Q4, 2023 results After-Market on Mar 28, 2024
Reported Earnings • Nov 16Third quarter 2023 earnings released: US$0.096 loss per share (vs US$0.19 loss in 3Q 2022)Third quarter 2023 results: US$0.096 loss per share (improved from US$0.19 loss in 3Q 2022). Revenue: US$6.49m (up 328% from 3Q 2022). Net loss: US$4.39m (loss narrowed 41% from 3Q 2022). Revenue is forecast to grow 170% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 08Vicinity Motor Corp. to Report Q3, 2023 Results on Nov 13, 2023Vicinity Motor Corp. announced that they will report Q3, 2023 results After-Market on Nov 13, 2023
お知らせ • Oct 26Vicinity Motor Corp. Receives NASDAQ Notification Letter Regarding Minimum Bid Price DeficiencyVicinity Motor Corp. announced that it has received a notification letter from the Nasdaq Stock Market LLC (the "NASDAQ") dated October 24, 2023, notifying the Company that due to its closing bid price being below USD 1.00 per share for 30 consecutive days, it is not in compliance with the minimum bid price requirement as set under NASDAQ Listing Rule 5550(a)(2) for continued listing on the NASDAQ. This press release is issued pursuant to NASDAQ Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification. In accordance with the NASDAQ Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until April 22, 2024, to regain compliance with NASDAQ Listing Rule 5550(a)(2). To regain compliance, the Company's shares must have a closing bid price of at least USD 1.00 for a minimum of 10 consecutive business days, at which point the matter will be closed. In the event that the Company does not regain compliance by April 22, 2024 the Company may be eligible for an additional 180-day period to regain compliance. The receipt of the Notification Letter has no immediate effect on the listing of the Company's shares, which will continue to trade uninterrupted on NASDAQ under the ticker "VEV". The Company will monitor the closing price for its common stock during the compliance period and intends to take all reasonable measures available to regain compliance under the NASDAQ Listing Rules and to maintain the listing of its common stock on the Nasdaq Capital Market.
お知らせ • Oct 07Vicinity Motor Corp., Annual General Meeting, Dec 15, 2023Vicinity Motor Corp., Annual General Meeting, Dec 15, 2023.
お知らせ • Aug 19Vicinity Motor Corp. to Exhibit Electric Vehicle Lineup At the Fully Charged Live Event in Vancouver from September 8-10, 2023Vicinity Motor Corp. announced that it will showcase the VMC 1200 Class 3 Electric Truck and Vicinity Lightning electric bus at the Fully Charged LIVE Canada event taking place September 8-10, 2023 at the Vancouver Convention Centre in Vancouver, Canada. Fully Charged - the world's number 1 home energy and electric vehicle channel - is bringing its Fully Charged LIVE event to Canada for the first time at the Vancouver Convention Centre in Vancouver, BC. The event will host quality exhibits and attractions to thousands of attendees. Founded and hosted by Robert Llewellyn (Red Dwarf, Scrapheap Challenge, Carpool), the Fully Charged LIVE event is not solely about Electric Cars, but Electric Vehicles of all shapes and sizes, as well as home energy solutions. Fully Charged LIVE. Date: September 8-10, 2023. Location: Vancouver Convention Centre, British Columbia, Canada. Vehicles on Display: VMC 1200 Class 3 Electric Truck, Vicinity Lightning Electric Bus.
Reported Earnings • Aug 16Second quarter 2023 earnings released: US$0.015 loss per share (vs US$0.10 loss in 2Q 2022)Second quarter 2023 results: US$0.015 loss per share (improved from US$0.10 loss in 2Q 2022). Revenue: US$4.82m (down 59% from 2Q 2022). Net loss: US$701.0k (loss narrowed 82% from 2Q 2022). Revenue is forecast to grow 151% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • Aug 09+ 1 more updateVicinity Motor Corp. to Report Q2, 2023 Results on Aug 14, 2023Vicinity Motor Corp. announced that they will report Q2, 2023 results After-Market on Aug 14, 2023
Reported Earnings • May 17First quarter 2023 earnings released: US$0.054 loss per share (vs US$0.082 loss in 1Q 2022)First quarter 2023 results: US$0.054 loss per share (improved from US$0.082 loss in 1Q 2022). Revenue: US$2.65m (down 17% from 1Q 2022). Net loss: US$2.44m (loss narrowed 16% from 1Q 2022). Revenue is forecast to grow 113% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • May 09Vicinity Motor Corp. to Report Q1, 2023 Results on May 15, 2023Vicinity Motor Corp. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 15, 2023
Reported Earnings • Apr 02Full year 2022 earnings released: US$0.45 loss per share (vs US$0.24 loss in FY 2021)Full year 2022 results: US$0.45 loss per share (further deteriorated from US$0.24 loss in FY 2021). Revenue: US$18.5m (down 56% from FY 2021). Net loss: US$17.9m (loss widened 145% from FY 2021). Revenue is forecast to grow 93% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director James White was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Nov 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director James White was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Seeking Alpha • Oct 17Vicinity Motor gains on securing a purchase order worth over $100MVicinity Motor (NASDAQ:VEV) shares are surging premarket on securing a purchase order that exceeds $100M for 1,000 VMC 1200 Class 3 Electric Trucks from Pioneer Auto Group. Per the terms of the purchase order, the company is to deliver a electric trucks by the end of 2023. The deliveries are expected to commence this month. "We started manufacturing this vehicle in Canada and expect to shift to our new facility in Ferndale, Washington, which can accommodate both buses and trucks, by year-end. Given the simplified assembly of the VMC 1200 as compared to a transit bus, Ferndale truck capacity could reach 10,000 vehicles per year. Due to the fact we are not facing significant pressures in the VMC 1200 supply chain specifically, the VMC 1200 will prove to be a significant contributor to our 2023 revenue growth and profitability - enabling our goal of creating sustainable, long-term value creation for our shareholders," said William Trainer, Chief Executive Officer of Vicinity Motor Corp. Shares are trading up 38% premarket.
Seeking Alpha • Oct 06Vicinity Motor secures order for four Vicinity Lightning electric busesVicinity Motor (NASDAQ:VEV) has received an order from strategic partner Sustainability Partners for four Vicinity Lightning electric buses via Soderholm Sales & Leasing. The State of Hawaii Department of Transportation will utilize SP's Electric Vehicles as a Service program to finance the conversion of traditional government fleets to Vicinity's electric vehicles. The order of four new electric buses is scheduled for delivery in 2023. "We continue to see significant interest from regional and international airports for EV passenger shuttle services given their inherent advantages," concluded William Trainer, Founder and CEO of Vicinity Motor.
Board Change • Oct 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director James White was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Aug 17Second quarter 2022 earnings released: US$0.10 loss per share (vs US$0.012 loss in 2Q 2021)Second quarter 2022 results: US$0.10 loss per share (down from US$0.012 loss in 2Q 2021). Revenue: US$11.7m (down 24% from 2Q 2021). Net loss: US$3.79m (loss widened US$3.45m from 2Q 2021). Over the next year, revenue is forecast to grow 604%, compared to a 18% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Seeking Alpha • Jul 19Vicinity Motor signs distribution agreement with Schetky Bus and Van SalesVicinity Motor (NASDAQ:VEV) signed a distribution agreement with Schetky Bus and Van Sales, dealership and transportation solutions provider, for offering the Vicinity Lightning, Vicinity Classic and VMC-Optimal vehicles, including an initial commitment for 18 vehicles. Under agreement terms, Schetky will distribute Vicinity vehicles across Washington, Oregon, Idaho and Alaska; Vicinity line adds to Schetky's portfolio of existing internal combustion and electric vehicles. Shares trading 1.1% higher premarket.
Seeking Alpha • May 18Vicinity Motor - Downgrading To 'Sell' After Lowered GuidanceCompany reported weak first quarter results and also lowered full-year guidance substantially. In contrast to management's previous expectations, the company will be materially affected by ongoing supply chain disruptions. Cash position appears insufficient to deal with capex requirements, near-term debt maturities, and the expected production ramp-up for the remainder of the year. Reiterating my expectations for the company being required to raise additional capital over the course of the year. With very little confidence in management's ability to execute and a high likelihood of additional dilution in the not-too-distant future, I am downgrading shares from "hold" to "sell".
Reported Earnings • May 17First quarter 2022 earnings released: US$0.082 loss per share (vs US$0.057 profit in 1Q 2021)First quarter 2022 results: US$0.082 loss per share (down from US$0.057 profit in 1Q 2021). Revenue: US$3.18m (down 85% from 1Q 2021). Net loss: US$2.89m (down 278% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 411%, compared to a 54% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Price Target Changed • Apr 27Price target decreased to US$3.00Down from US$25.00, the current price target is provided by 1 analyst. New target price is 60% above last closing price of US$1.87. Stock is down 68% over the past year. The company posted a net loss per share of US$0.24 last year.
Recent Insider Transactions • Apr 06Independent Director recently bought US$183k worth of stockOn the 4th of April, James White bought around 78k shares on-market at roughly US$2.35 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$686k more in shares than they have sold in the last 12 months.
Seeking Alpha • Apr 01Vicinity Motor - Avoid Due To Additional Capital Needs And Elevated Execution RiskDiscussing ambitious BEV-transition plans of small Canadian bus manufacturer Vicinity Motor. Based on an order backlog "in excess of C$100 million" management expects 2022 revenues to increase by 170% to C$140 million with adjusted EBITDA of C$10 million. Most recent capital raise has caused shares to tumble to new 52-week lows. The company will likely require additional capital to deliver on its stated order backlog. Outlining a number of red flags, including the company's engagement in paid stock promotion in Germany. Based on management's projections for this year, Vicinity Motor looks inexpensive, but investors should abstain from chasing the shares given the likely requirement to raise additional capital and elevated execution risk.
Reported Earnings • Mar 31Full year 2021 earnings released: US$0.24 loss per share (vs US$0.13 loss in FY 2020)Full year 2021 results: US$0.24 loss per share (down from US$0.13 loss in FY 2020). Revenue: US$41.7m (up 104% from FY 2020). Net loss: US$7.32m (loss widened 112% from FY 2020). Over the next year, revenue is forecast to grow 96%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Seeking Alpha • Jan 22Vicinity Motor Looks Cheap Based On 2022 Forecasts, It's My Top Pick In EV SpaceThe company is building an EV production facility in the USA that is set to open in the first half of 2022. Vicinity forecasts that its sales and EBITDA could soar to more than C$140 million ($112.1 million) and to over C$10 million ($8 million) in 2022, respectively. Yet, the share price has dropped by 68% since the July 2021 listing as the second half of the year has been marked by low delivery figures. I view this as a good time to open a position in Vicinity, although the market valuation could continue to decline before the opening of the new facility.
Recent Insider Transactions • Jan 16Independent Director recently bought US$68k worth of stockOn the 13th of January, James White bought around 20k shares on-market at roughly US$3.42 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$388k more in shares than they have sold in the last 12 months.
Reported Earnings • Nov 17Third quarter 2021 earnings released: CA$0.16 loss per share (vs CA$0.052 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CA$2.92m (down 67% from 3Q 2020). Net loss: CA$4.80m (loss widened 266% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Sep 16Independent Director recently bought US$80k worth of stockOn the 13th of September, James White bought around 18k shares on-market at roughly US$4.36 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$231k more in shares than they have sold in the last 12 months.
Reported Earnings • Aug 13Second quarter 2021 earnings released: CA$0.013 loss per share (vs CA$0.031 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$19.1m (up 120% from 2Q 2020). Net loss: CA$388.0k (loss narrowed 51% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.