Vicinity Motor Past Earnings Performance
Past criteria checks 0/6
Vicinity Motor's earnings have been declining at an average annual rate of -44.1%, while the Machinery industry saw earnings growing at 8.9% annually. Revenues have been declining at an average rate of 6.5% per year.
Key information
-44.1%
Earnings growth rate
-32.4%
EPS growth rate
| Machinery Industry Growth | 8.8% |
| Revenue growth rate | -6.5% |
| Return on equity | -95.6% |
| Net Margin | -60.5% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Vicinity Motor gains on securing a purchase order worth over $100M
Oct 17Vicinity Motor secures order for four Vicinity Lightning electric buses
Oct 06Vicinity Motor signs distribution agreement with Schetky Bus and Van Sales
Jul 19Vicinity Motor - Downgrading To 'Sell' After Lowered Guidance
May 18Vicinity Motor - Avoid Due To Additional Capital Needs And Elevated Execution Risk
Apr 01Vicinity Motor Looks Cheap Based On 2022 Forecasts, It's My Top Pick In EV Space
Jan 22Revenue & Expenses Breakdown
How Vicinity Motor makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 30 | -18 | 11 | 0 |
| 31 Dec 23 | 19 | -17 | 11 | 0 |
| 30 Sep 23 | 16 | -11 | 10 | 0 |
| 30 Jun 23 | 11 | -14 | 10 | 0 |
| 31 Mar 23 | 18 | -17 | 10 | 0 |
| 31 Dec 22 | 18 | -18 | 11 | 0 |
| 30 Sep 22 | 19 | -19 | 11 | 0 |
| 30 Jun 22 | 20 | -15 | 11 | 0 |
| 31 Mar 22 | 23 | -12 | 10 | 0 |
| 31 Dec 21 | 42 | -7 | 9 | 0 |
| 30 Sep 21 | 42 | -3 | 8 | 0 |
| 30 Jun 21 | 46 | 0 | 6 | 0 |
| 31 Mar 21 | 38 | 0 | 6 | 0 |
| 31 Dec 20 | 20 | -3 | 5 | 0 |
| 30 Sep 20 | 20 | -4 | 5 | 0 |
| 30 Jun 20 | 15 | -5 | 5 | 0 |
| 31 Mar 20 | 16 | -4 | 5 | 0 |
| 31 Dec 19 | 19 | -4 | 6 | 0 |
| 30 Sep 19 | 21 | -3 | 6 | 0 |
| 30 Jun 19 | 31 | -2 | 7 | 0 |
| 31 Mar 19 | 40 | 0 | 7 | 0 |
| 31 Dec 18 | 51 | 1 | 6 | 0 |
| 30 Sep 18 | 57 | 1 | 5 | 0 |
| 30 Jun 18 | 65 | 2 | 5 | 0 |
| 31 Mar 18 | 56 | 1 | 5 | 0 |
| 31 Dec 17 | 44 | 0 | 5 | 0 |
| 31 Dec 16 | 7 | -4 | 3 | 0 |
| 31 Aug 16 | 4 | -3 | 3 | 0 |
| 31 May 16 | 7 | -3 | 3 | 0 |
| 29 Feb 16 | 7 | -3 | 3 | 0 |
| 30 Nov 15 | 3 | -3 | 3 | 0 |
| 31 Aug 15 | 5 | -3 | 3 | 0 |
| 31 May 15 | 4 | -3 | 3 | 0 |
| 28 Feb 15 | 3 | -4 | 3 | 0 |
| 30 Nov 14 | 3 | -4 | 4 | 0 |
| 31 Aug 14 | 1 | -4 | 3 | 0 |
| 31 May 14 | 4 | -3 | 3 | 0 |
| 28 Feb 14 | 4 | -2 | 2 | 0 |
| 30 Nov 13 | 3 | -2 | 1 | 0 |
| 31 Aug 13 | 3 | -1 | 1 | 1 |
Quality Earnings: VEV is currently unprofitable.
Growing Profit Margin: VEV is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VEV is unprofitable, and losses have increased over the past 5 years at a rate of 44.1% per year.
Accelerating Growth: Unable to compare VEV's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VEV is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (14.8%).
Return on Equity
High ROE: VEV has a negative Return on Equity (-95.6%), as it is currently unprofitable.