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Vicinity Motor Corp

Consumer Cyclical CA VMC

0.08CAD
-0.01(11.11%)

Last update at 2024-10-17T17:32:00Z

Day Range

0.080.09
LowHigh

52 Week Range

0.911.82
LowHigh

Fundamentals

  • Previous Close 0.09
  • Market Cap52.97M
  • Volume249812
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-7.96100M
  • Revenue TTM15.99M
  • Revenue Per Share TTM0.35
  • Gross Profit TTM 4.24M
  • Diluted EPS TTM-0.34

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -17.74600M -6.85900M -4.30400M -4.92663M 0.95M
Minority interest - - - - -
Net income -17.94800M -7.32300M -4.40200M -4.98541M 0.95M
Selling general administrative 10.91M 9.16M 7.00M 7.88M 8.61M
Selling and marketing expenses - - - - -
Gross profit 0.44M 4.24M 3.34M 4.34M 11.92M
Reconciled depreciation 2.97M 1.24M 0.99M 1.01M 0.73M
Ebit - -5.80200M -3.16300M -4.17000M 2.90M
Ebitda -12.52200M -4.90200M -2.58700M -3.21152M 2.80M
Depreciation and amortization - - - - -
Non operating income net other - - - - -
Operating income -13.03800M -5.80200M -4.29900M -4.17049M 2.90M
Other operating expenses - - - - -
Interest expense 2.26M 0.72M 0.57M 0.54M 0.82M
Tax provision 0.20M 0.46M 0.10M 0.06M -
Interest income - - - - -
Net interest income -2.25800M -0.71600M -0.73000M -0.70138M -1.11472M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - 0.46M 0.08M 0.06M -
Total revenue 18.48M 41.71M 26.07M 24.65M 70.08M
Total operating expenses 31.51M 47.51M 30.37M 28.82M 67.18M
Cost of revenue 18.04M 37.47M 22.73M 20.31M 58.15M
Total other income expense net -2.45000M -0.34100M 0.72M -0.05476M -0.83559M
Discontinued operations - - - - -
Net income from continuing ops -17.94800M -7.32300M -4.40200M -4.98541M 0.95M
Net income applicable to common shares - -7.32300M -3.23600M -4.98500M 0.95M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 55.03M 53.99M 47.04M 36.90M 40.45M
Intangible assets 14.27M 22.35M 2.17M 1.55M 1.72M
Earning assets - - - - -
Other current assets - - 0.28M 0.36M 0.35M
Total liab 18.20M 19.75M 24.67M 20.24M 19.55M
Total stockholder equity 36.83M 34.24M 22.37M 16.66M 20.90M
Deferred long term liab - - - - -
Other current liab 0.45M 9.21M 2.09M 2.73M 2.93M
Common stock - 58.05M 37.17M 37.14M 35.98M
Capital stock 75.98M 58.05M 36.44M 28.43M 26.42M
Retained earnings -47.64200M -29.69400M -22.22600M -22.84500M -17.85948M
Other liab - 0.26M 0.20M 1.25M 1.77M
Good will - - - - -
Other assets - - - - -
Cash 1.62M 4.40M 1.28M 0.76M 2.73M
Cash and equivalents - - - - -
Total current liabilities 16.57M 19.40M 18.96M 18.61M 17.15M
Current deferred revenue - - - - -
Net debt 5.59M 2.74M 7.28M 7.28M 2.90M
Short term debt - - - - -
Short long term debt 7.21M 7.14M 8.57M 8.04M 5.00M
Short long term debt total - - - - -
Other stockholder equity - -0.15100M -0.01900M -0.01600M -
Property plant equipment - 10.83M 3.17M 4.53M 4.66M
Total current assets 18.15M 20.81M 32.07M 30.82M 34.07M
Long term investments - - - - -
Net tangible assets - 11.89M 15.86M 15.11M 19.18M
Short term investments - - - - -
Net receivables 1.08M 2.81M 3.26M 9.20M 13.66M
Long term debt - - - - 0.64M
Inventory 10.07M 9.42M 25.62M 19.30M 16.06M
Accounts payable - 2.65M 10.13M 7.83M 9.17M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - - - - -
Deferred long term asset charges - - - - -
Non current assets total 36.89M 33.19M 6.21M 6.08M 6.38M
Capital lease obligations - - - - -
Long term debt total - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -10.69800M -23.12000M -1.14700M -0.17499M -0.58729M
Change to liabilities - -1.06500M 3.13M -1.39600M -6.29718M
Total cashflows from investing activities - -23.12000M -0.87900M -0.17500M 0.29M
Net borrowings - 1.07M 0.43M 1.93M -5.60565M
Total cash from financing activities 17.37M 22.95M 6.92M 2.06M -4.10074M
Change to operating activities - -6.07200M -1.26300M -0.77400M 3.44M
Net income -17.94800M -7.32300M -3.23600M -4.98500M 0.95M
Change in cash -2.78000M 3.39M 0.42M -1.97500M -1.49091M
Begin period cash flow 4.40M 1.01M 0.76M 2.73M 4.22M
End period cash flow 1.62M 4.40M 1.28M 0.76M 2.73M
Total cash from operating activities -9.08200M 3.59M -5.69900M -3.77600M 2.05M
Issuance of capital stock 18.52M 24.09M 7.10M 0.10M 1.10M
Depreciation 2.97M 1.14M 0.65M 0.91M 0.63M
Other cashflows from investing activities - 0.28M -0.00100M -0.00500M 0.88M
Dividends paid - - - - -
Change to inventory -1.21200M 14.07M -9.86400M -3.27600M 1.42M
Change to account receivables - 0.47M 3.81M 4.50M -0.03021M
Sale purchase of stock - - - - -
Other cashflows from financing activities - -2.21300M -0.45100M -0.45100M -0.45100M
Change to netincome - 2.27M 0.99M 1.14M 1.84M
Capital expenditures 11.77M 6.54M 0.37M 0.34M 0.31M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 1.01M 7.41M -5.56200M -0.94596M -0.58884M
Stock based compensation 1.38M 1.35M 0.76M 0.49M -
Other non cash items 2.26M 0.72M 0.73M 0.70M 1.11M
Free cash flow -20.84900M -20.53900M -9.07600M -4.25077M 2.34M

Peer Comparison

Sector: Consumer Cyclical Industry: Auto Manufacturers

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
VMC
Vicinity Motor Corp		 -0.01 11.11% 0.08 - 6.00 3.31 1.23 4.46 -11.624
FHYD
First Hydrogen Corp		 0.01 3.66% 0.42 - - 1724.06 75.40 1135.89 -9.7414

Reports Covered

Stock Research & News

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Profile

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc. and changed its name to Vicinity Motor Corp. in March 2021. The company was founded in 2008 and is headquartered in Aldergrove, Canada.

Vicinity Motor Corp

3168, 262nd Street, Aldergrove, BC, Canada, V4W 2Z6

Key Executives

Name Title Year Born
Mr. William R. Trainer Founder, CEO, Pres & Director 1959
Mr. Danial Buckle Chief Financial Officer NA
Mr. John LaGourgue VP of Sales and Corp. Devel. & Director 1969
Mr. Dan Courtney Director of Investor Relations NA
Mr. Yue Zhong Wang Chief Engineer 1962
Mr. Keith T. Parker Consultant 1967
Ms. Marion McGrath Corp. Sec. 1961

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