Vicinity Motor Corp. (V:VMC)
Business Focus: Heavy Buses & Coaches
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 3168 262nd Street ALDERGROVE BC V4W 2Z6 |
| Tel: | 1-949-2594987 |
| Website: | https://vicinitymotorcorp.com |
| IR: | See website |
| Key People | ||
| William R. Trainer President, Chief Executive Officer, Director | Danial Buckle Chief Financial Officer | Manuel Achadinha Chief Operating Officer |
| John Lagourgue Vice President - Corporate Development, Director | Dennis Gore Vice President - Engineering | |
| Business Overview |
| Vicinity Motor Corp., formerly Grande West Transportation Group Inc., is a Canada-based supplier of electric vehicles for both public and commercial enterprise use in United States and Canada. The Company's operation focuses on manufacturing, engineering, designing, servicing, and selling of the Vicinity branded electric, compressed natural gas (CNG), and clean diesel transit buses and electric trucks. It leverages a dealer network with manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its electric chassis alongside J.B. Poindexter business unit EAVX, the Company's partner, for upfitting into delivery vehicles. Its various buses and truck models include Vicinity Lightning EV, Vicinity Classic, VMC 1200, VMC Optimal S1LF and VMC Optimal E1. Its subsidiaries include Grande West Transportation International Ltd. (GWTI) and Vicinity Motor (Bus) USA Corp. |
| Financial Overview |
| For the three months ended 31 March 2022, Vicinity Motor Corp revenues decreased 85% to $3.2M. Net loss totaled $2.9M vs. income of $1.6M. Revenues reflect Bus sales decrease of 92% to $1.7M. Net loss reflects Sales and administration increase of 69% to $2.4M (expense), Amortization increase from $134K to $620K (expense), Interest and finance costs - Balancing v increase from $85K to $540K (expense). |
| Employees: | 53 as of Dec 31, 2020 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $71.38M as of Mar 31, 2022 |
| Annual revenue (TTM): | $19.26M as of Mar 31, 2022 |
| EBITDA (TTM): | -$10.31M as of Mar 31, 2022 |
| Net annual income (TTM): | -$13.37M as of Mar 31, 2022 |
| Free cash flow (TTM): | -$33.56M as of Mar 31, 2022 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 39,760,040 as of Apr 13, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
US Quotes Data provided by IEX. Additional price data powered by Twelve Data. Company fundamental sourced from © Refinitiv. Click for restrictions. © Refinitiv. All rights reserved. Republication or redistribution of Refinitiv, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. Refinitiv is not liable for any errors or delays in Refinitiv content, or for any actions taken in reliance on such content.
Interactive technical study charts by TradingView. Copyright © 2022 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.