Vicinity Motor Corp

Vicinity Motor Corp. engages in the provision of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use. It operates through the United States and Canada geographical segments. The company was founded by William Trainer in 2008 and is headquartered in Aldergrove, Canada.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Extension Provides Capital Structure Optionality, Supporting Near-Term Liquidity Goals VANCOUVER, BC / ACCESSWIRE / June 9, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced it has extended the maturity date of its 8% unsecured debenture in the principal amount of CAD$10,300,000 by one year to a new maturity date of October 4, 2023. In consideration of extending the Maturity Date under the debentures with all other terms of the debt otherwise remaining the same, Vicinity has agreed, subject to receipt of TSX Venture Exchange approval, to issue to the Lender, an aggregate of 1,000,000 share purchase warrants (the "New Warrants") exercisable until October 4, 2023 at an exercise price of $2.25 per common share.

Vicinity Motor Corp. Announces One Year Extension of Maturity Date on CAD$10 Million Debenture

VANCOUVER, BC / ACCESSWIRE / June 7, 2022 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that management will participate in the Benzinga All-Access Show, as well as the Diamond Equity Research Virtual Emerging Growth Invitational in June 2022. Chief Executive Officer William Trainer is scheduled to present and participate in a question and answer session at the conclusion of each event as follows: Benzinga All-Access Show Date: Friday, June 10, 2022 Presentation Time: 11:00 a.m.

Vicinity Motor Corp. to Participate in Upcoming Investor Conferences in June 2022

Vicinity Motor Corp. (TSX-V:VMC) announced it has entered into a Master Goods and Service Agreement with Sustainability Partners LLC (SP) to utilize its Electric Vehicles as a Service (EVaaS) program to finance the conversion of traditional government fleets to Vicinity's electric vehicles. The company noted that SP is focused on environmental, social, and governance (ESG) principles and is committed to eliminating deferred maintenance infrastructure by enabling sustainability.

Vicinity Motor announces strategic partnership with Sustainability Partners to accelerate government fleet electrification

Vicinity Motor Corp. (TSX-V:VMC) told investors that the first quarter of its 2022 financial year was highlighted not only by continued order momentum but by the strategic expansion of its North American distribution network with the addition of several exciting new dealers to drive the penetration of its growing portfolio of all-electric vehicles. The North American supplier of electric vehicles said its backlog for expected 2022 delivery grew to over US$90 million, the majority of which are for electric vehicles, reflecting its rapid transition in product mix to meet the changing needs of transit customers.

Vicinity Motor says it maintained order momentum in 1Q as it expanded its North American distribution network

Electric Vehicles as a Service™ (EVaaS) Program Finances the Conversion of Government Fleets to Electric Vehicles VANCOUVER, BC / ACCESSWIRE / May 17, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today announced it has entered into a Master Goods and Service Agreement with Sustainability Partners LLC ("SP"), an ESG focused company committed to eliminating deferred maintenance infrastructure by enabling sustainability, to utilize its Electric Vehicles as a Service™ (EVaaS) program to finance the conversion of traditional government fleets to Vicinity's electric vehicles. Sustainability Partners works with government institutions including municipalities, airports, universities and schools, hospitals and water/rail/power districts to convert essential fleet infrastructure into a monthly utility service in a manner that protects institutions, the assets and taxpayers.

Vicinity Motor Corp. Announces Strategic Partnership with Sustainability Partners to Accelerate Government Fleet Electrification

Vicinity Motor Corp. (NASDAQ:VEV ) Q1 2022 Earnings Conference Call May 16, 2022 4:30 PM ET Company Participants William Trainer - Founder and Chief Executive Officer Dan Buckle - Chief Financial Officer Conference Call Participants Christhoper Souther - B. Riley Poe Fratt - Alliance Global Partners Robin Cornwall - Catalyst Research Operator Good afternoon and welcome to the Vicinity Motor Corp.'s First Quarter 2022 Earnings Conference Call.

Vicinity Motor Corp.'s (VEV) CEO William Trainer on Q1 2022 Results - Earnings Call Transcript

Order Backlog for 2022 Delivery Exceeds USD$90 million; Company Fortifies North American. Distribution Network with Addition of Several New U.S. and Canadian Dealers VANCOUVER, BC / ACCESSWIRE / May 16, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the first quarter ended March 31, 2022.

Vicinity Motor Corp. Reports First Quarter 2022 Financial Results

VANCOUVER, BC / ACCESSWIRE / May 4, 2022 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the first quarter ended March 31, 2022, after market close on Monday, May 16, 2022. Management will host an investor conference call at 4:30 p.m.

Vicinity Motor Corp. to Report First Quarter 2022 Financial Results on Monday, May 16 at 4:30 p.m. Eastern Time

Exro Technologies Inc (OTC: EXROF) has signed a multi-year agreement with Vicinity Motor Corp (NASDAQ: VEV) for coil drivers. The financial terms were not disclosed.

Exro Shares Pop On Supply Agreement With Vicinity Motor

Vicinity Motor Corp. (TSX-V:VMC) announced that it has signed a non-exclusive distribution agreement with Hawaii's Soderholm Sales & Leasing, Inc (SSL), a full-service bus dealer, to sell Vicinity Motor's Vicinity Lightning, Vicinity Classic and VMC-Optimal vehicles in Hawaii and the Pacific islands region. The North American supplier of electric vehicles said the agreement includes an initial commitment for four stock and demonstration vehicles, including two VMC Optimal S1 vehicles, one Vicinity Classic bus and one Vicinity Lightning bus.

Vicinity Motor inks Pacific islands distribution deal with Hawaii's Soderholm Sales & Leasing

VANCOUVER, BC / ACCESSWIRE / April 26, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has signed a non-exclusive distribution agreement with Soderholm Sales & Leasing, Inc. ("SSL"), a full service bus dealer in Hawaii and the Pacific islands region, to offer the Company's Vicinity LightningTM, Vicinity Classic and VMC-Optimal vehicles, including an initial commitment for four (4) demo and stock buses. Founded in 1989, Soderholm Sales & Leasing, Inc. is a woman- and multigenerational family-owned and operated company - acting as the only fully licensed, full-service bus dealer in Hawaii and the Pacific.

Vicinity Motor Corp. Announces Pacific Islands Distribution Agreement with Soderholm Sales & Leasing in Hawaii

Vicinity Motor Corp has announced that it will showcase its vehicles in a joint exhibit with its strategic partner EAVX at the Advanced Clean Transportation Expo (ACT Expo) taking place from May 9 to 12, 2022, in Long Beach, California. Billed as North America's largest advanced transportation technology and clean fleet event, the ACT Expo has united the transportation industry in its mission to reduce emissions and build a cleaner, more sustainable tomorrow for more than a decade.

Vicinity Motor says to jointly showcase vehicles with partner EAVX at California clean transport expo

Joint Exhibit with EAVX to Feature VMC 1200 Class 3 Truck Upfitted with Next-Generation Technology Suite VANCOUVER, BC / ACCESSWIRE / April 25, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will showcase its vehicles in a joint exhibit with its strategic partner EAVX, a JB Poindexter & Co business unit, at the Advanced Clean Transportation Expo ("ACT Expo") taking place May 9-12, 2022 in Long Beach, California. The Advanced Clean Transportation Expo is North America's largest advanced transportation technology and clean fleet event.

Vicinity Motor Corp. to Exhibit Next-Generation VMC 1200 Electric Truck at Advanced Clean Transportation Expo on May 9-12, 2022

VANCOUVER, BC / ACCESSWIRE / April 18, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that management will participate in the Planet MicroCap Showcase 2022 in Las Vegas, as well as the Stifel 2022 Cross Sector Insight Conference in Boston. Chief Executive Officer William Trainer or Vice President of Corporate Development John LaGourgue will participate in one-on-one meetings throughout the day at each conference, and management is scheduled to present at the Planet Microcap Showcase 2022 in Las Vegas as follows: Planet MicroCap Showcase 2022 Date: Wednesday, May 4th, 2022 Presentation Time: 1:00 PM ET Location: Las Vegas, Nevada Webcast: https://www.webcaster4.com/Webcast/Page/2862/45049 Stifel 2022 Cross Sector Insight Conference Date: Tuesday through Thursday, June 7-9th, 2022 Location: Boston, Massachusetts A live audio webcast and archive of the Planet Microcap Conference presentation will be available using the registration link above.

Vicinity Motor Corp. to Participate in Upcoming Investor Conferences

Vicinity Motor Corp. (TSX-V:VMC) announced that it has signed a new distribution agreement with Hoekstra Transportation, Inc, Michigan's largest school bus, commercial bus, cargo and custom van dealer, to offer its Vicinity Lightning, Vicinity Classic and VMC-Optimal vehicles. Under the terms of the agreement, Hoekstra will distribute Vicinity vehicles throughout Michigan, Indiana and Ohio, adding to its portfolio of traditional and electric vehicles.

Vicinity Motor secures US Midwest distribution deal with Hoekstra Transportation, including an initial order for eight vehicles

New Distributor Adds New Sales and Service Coverage in Key Midwestern States of Michigan, Indiana and Ohio VANCOUVER, BC / ACCESSWIRE / April 13, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has signed a new distribution agreement with Hoekstra Transportation, Inc. ("Hoekstra"), Michigan's largest school bus, commercial bus, cargo and custom van dealer, to offer the Company's Vicinity LightningTM, Vicinity Classic and VMC-Optimal vehicles, including an initial order for eight (8) vehicles. Hoekstra Transportation Inc. has been family-owned and operated since 1928, and is part of the Hoekstra​ family of companies.

Vicinity Motor Corp. Secures U.S. Midwest Distribution Agreement with Hoekstra Transportation

Vicinity Motor Corp said it has signed a distribution agreement with Central States Bus Sales Inc, one of the largest school and commercial bus dealers in the US, to offer the company's full product portfolio, including an initial commitment for 18 demo and stock buses. Headquartered in Fenton, Missouri, Vicinity noted that Central States has been a regional leader in bus sales and service since 1975, supplying thousands of school and commercial buses annually to customers throughout the region and providing a host of transportation solutions.

Vicinity Motor secures initial commitment for 18 VMC Optimal S1 buses in distribution agreement with Central States Bus Sales

Central States, One of the Largest Bus Distributors in the U.S., to Act as Dealer for VMC Product Portfolio VANCOUVER, BC / ACCESSWIRE / April 4, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has signed a distribution agreement with Central States Bus Sales, Inc. ("Central States"), one of the largest school and commercial bus dealers in the U.S., to offer the Company's full product portfolio, including an initial commitment for 18 demo and stock buses. Headquarter in Fenton, MO, Central States has been a regional leader in bus sales and service since 1975.

Vicinity Motor Corp. Signs Distribution Agreement with Central States Bus Sales, Secures Initial Commitment for 18 VMC Optimal S1 Buses

Vicinity Motor Corp. (TSX-V:VMC) said it has appointed global automotive engineering executive, Dennis Gore, as its vice president of Engineering. "Dennis's broad automotive experience with both startup and established automotive manufacturers, as well as his expertise in electric vehicles, will be an invaluable addition to Vicinity's engineering team," William Trainer, founder and CEO of Vicinity Motor in a statement.

Vicinity Motor Corp appoints Dennis Gore as its vice president of Engineering

Dennis Gore Brings 35+ Years of Experience from Zero Motorcycles, Honda, Mitsubishi Motors and Gillig Bus Among Others VANCOUVER, BC / ACCESSWIRE / March 31, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSX-V:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the appointment of global automotive engineering executive Dennis Gore as Vice President of Engineering. Dennis brings over 35 years' experience in leading the successful development of both traditional and electric vehicles at leading automotive OEMs globally.

Vicinity Motor Corp. Announces Appointment of Global Automotive Executive Dennis Gore as Vice President of Engineering

Vicinity Motor Corp. (VEV) CEO William Trainer on Q4 2021 Results - Earnings Call Transcript

Vicinity Motor Corp reported a year-over-year triple-digit increase in its 2021 revenue. For its full-year ended December 31, 2021, the maker of electric buses and vehicles said revenue grew to $41.7 million -- a 113% increase as compared to revenue of $19.6 million in 2020.

Vicinity Motor reports year-over-year triple-digit increase in 2021 revenue

Fourth Quarter Illustrates Inherently Fluctuating Nature of Transit Bus Revenue Amongst a Record Full Year VANCOUVER, BC / ACCESSWIRE / March 30, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSX-V:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 and Subsequent Operational Highlights Secured order backlog exceeding CAD$100 million intended for delivery in 2022, including orders for over 250 VMC 1200 EV trucks from Canadian automotive dealers.

Vicinity Motor Corp. Reports Fourth Quarter and Full Year 2021 Financial Results

Vicinity Motor Corp said it has closed its previously announced registered direct offering for gross proceeds of approximately US$12 million, before deducting placement agent fees and expenses.  The financing consisted of 4,444,445 common shares and warrants to purchase up to 4,444,445 common shares at a combined purchase price of US$2.70 per unit.

Vicinity Motor closes previously announced registered direct offering for gross proceeds of approximately US$12 million

VANCOUVER, BC / ACCESSWIRE / March 29, 2022 / Vicinity Motor Corp. (TSX.V:VMC)(NASDAQ:VEV)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, announces that, further to its news release dated March 24, 2022, it has closed the US$12 Million financing of 4,444,445 common shares and warrants to purchase up to 4,444,445 common shares (together, a "Unit") at a combined purchase price of US$2.70 per Unit in a registered direct offering for gross proceeds of approximately US$12 million, before deducting placement agent fees and expenses. The warrants are exercisable for 6 months from the closing of the offering (the "Initial Exercise Date") at an exercise price of US$3.36 per common share and will expire three (3) years from the Initial Exercise Date.

News for Vicinity Motor Corp Stock (VEV)