Vicinity Motor Third Quarter 2023 Earnings: US$0.096 loss per share (vs US$0.19 loss in 3Q 2022)
Vicinity Motor (CVE:VMC) Third Quarter 2023 Results
Key Financial Results
- Revenue: US$6.49m (up 328% from 3Q 2022).
- Net loss: US$4.39m (loss narrowed by 41% from 3Q 2022).
- US$0.096 loss per share (improved from US$0.19 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vicinity Motor Earnings Insights
Looking ahead, revenue is forecast to grow 170% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Machinery industry in Canada.
Performance of the Canadian Machinery industry.
The company's shares are up 1.7% from a week ago.
Risk Analysis
Be aware that Vicinity Motor is showing 4 warning signs in our investment analysis and 2 of those shouldn't be ignored...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSXV:VMC
Vicinity Motor
Designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada.
Slight and fair value.
