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GreenPower Motor Company Inc. (V:GPV)

Business Focus: Electrical (Alternative) Vehicles

Sector:  Consumer Cyclicals Industry:  Auto & Truck Manufacturers
See Regulatory Filings on SEDAR
Company Contact
Address: 240-209 Carrall St
Tel: N/A
IR: See website
Key People
Fraser Atkinson
Chairman of the Board, Chief Executive Officer
Brendan Riley
President, Director
Michael Sieffert
Chief Financial Officer, Secretary
Business Overview
GreenPower Motor Company Inc. is a Canada-based company engaged in the business of manufacturing and distributing all-electric transit, school and charter buses. The Company's product line includes EV Star, The Battery Electric Automotive School Transportation (Beast) and the Transit line. The GreenPower EV Star is a purpose-built, mini-bus capable of a range of up to 150 miles. The GreenPower EV Star utilizes off the shelf charging components and can be fully charged in approximately two hours. the BEAST offers, such as a monocoque chassis, full air-ride suspension, air-disk brakes and pass-through storage. Its low-floor transit line includes EV 250, EV350 and EV550 double-decker buses. The Company's subsidiaries include GreenPower Motor Company, Inc. and San Joaquin Valley Equipment Leasing, Inc.
Financial Overview
For the six months ended 30 September 2020,GreenPower Motor Company Inc revenues decreased 35% to$5.1M. Net loss increased 48% to $2.9M. Revenues reflect adecrease in demand for the Company's products and servicesdue to unfavorable market conditions. Higher net lossreflects Administrative fees increase of 19% to $1.7M(expense), Office expenses increase from $94K to $201K(expense).
Reporting Currency: U.S. Dollars
Enterprise value: $662.96M as of Sep 30, 2020
Annual revenue (TTM): $13.52M as of Sep 30, 2020
EBITDA (TTM): -$4.37M as of Sep 30, 2020
Net annual income (TTM): -$7.67M as of Sep 30, 2020
Free cash flow (TTM): -$7.60M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 20,614,304 as of Jan 6, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization