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: | 1-514-3410408 |
| 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 | Yue Zhong Wang Vice President, Chief Engineer | |
| Business Overview |
| Vicinity Motor Corp., formerly Grande West Transportation Group Inc., is a Canada-based bus manufacturer, which designs, engineers, manufactures and supplies electric, compressed natural gas (CNG), gas and clean diesel buses for both public and commercial enterprise use in the United States (U.S) and Canada. The Company focuses on selling the Vicinity branded transit buses. The Vicinity bus is a mid-size, community transit bus, which is in operation in the municipalities across Canada. Its Vicinity bus is available in 30 feet and 35 feet models. The Company's Vicinity bus is also available in 27.5 feet (8.5 meter), 30 feet (nine meters) and 35 feet (10.5 meter) variations. Its Vicinity Lightning electric vehicle (EV) bus, are enabled with BMW batteries and components. |
| Financial Overview |
| For the six months ended 30 June 2021, VicinityMotor Corp revenues increased from C$12.7M to C$46.4M. Netincome totaled C$1.6M vs. loss of C$2.5M. Revenues reflectUnited States segment increase from C$2.3M to C$34M, Canada(Country) segment increase of 20% to C$12.4M. BasicEarnings per Share excluding Extraordinary Items increasedfrom -C$0.10 to C$0.06. |
| Employees: | 53 as of Dec 31, 2020 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $170.04M as of Jun 30, 2021 |
| Annual revenue (TTM): | $59.79M as of Jun 30, 2021 |
| EBITDA (TTM): | $1.03M as of Jun 30, 2021 |
| Net annual income (TTM): | -$0.23M as of Jun 30, 2021 |
| Free cash flow (TTM): | -$3.38M as of Jun 30, 2021 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 30,830,471 as of Aug 25, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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