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

Company's Legacy Diesel Product Line Maintains Clear Market Leadership for Conventional Transit Buses in North America VANCOUVER, BC / ACCESSWIRE / January 6, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of a new CAD $3.5 million purchase order from North American Private Transit Operator First Transit for eight (8) Vicinity™ Classic buses. Per the terms of the supply agreement, First Transit has ordered eight of the Company's 35-foot Clean-Diesel Vicinity™ Classic buses for delivery in 2022.

Vicinity Motor Corp. Receives $3.5 Million Order for Eight Vicinity(TM) Classic Buses to First Transit

Vicinity Motor Corp. (TSX-V:VMC) said it has received an order from Olathe Fleet Solutions, a commercial truck dealership and fleet management company in Kansas, for over 150 VMC Optimal E1 electric chassis worth more than US$19 million. Vancouver-based Vicinity noted that Olathe, based in Olathe, Kansas is one of the nation's largest dealers in the commercial fleet industry - up-fitting and delivering over 20,000 trucks nationwide yearly.

Vicinity Motor receives US$19M order for Optimal Electric Class 4 commercial chassis

VANCOUVER, BC / ACCESSWIRE / January 5, 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 received an order from Olathe Fleet Solutions ("Olathe"), a commercial truck dealership and fleet management company in Kansas, for over 150 VMC Optimal E1 Electric Chassis valued in excess of USD $19.0 million. Olathe, based in Olathe, Kansas is one of the nation's largest dealers in the commercial fleet industry - up-fitting and delivering of over 20,000 trucks nationwide yearly.

Vicinity Motor Corp. Receives USD $19.0 Million Order for Optimal Electric Class 4 Commercial Chassis

Vicinity Motor Corp said that it has received a significant order from Olathe Fleet Solutions — a commercial truck dealership and fleet management in Kansas — for over 150 VMC Optimal E1 electric chassis valued in excess of US$19 million. The company said that the VMC Optimal E1 orders are scheduled for delivery throughout 2022 for operation in school, commercial, shuttle, ambulance, last-mile and other key market segments.

Vicinity Motor receives $19M order from Olathe Fleet Solutions for optimal electric chassis

VANCOUVER, BC / ACCESSWIRE / December 31, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that certain Eligible Directors have requested that their respective director's remuneration for the calendar year 2021 be paid in Deferred Share Units ("DSUs") and accordingly, the Company has granted 40,713 DSUs in connection with Directors Remuneration for Q4. About Vicinity Motor Corp. Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use.

Vicinity Motor Corp. Provides Director's Remuneration Update

VANCOUVER, BC / ACCESSWIRE / November 30, 2021 / 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 Sequire Clean Tech & EV Conference on December 6, 2021, and the SNN Network Canada Virtual Event taking place December 7-9, 2021. Chief Executive Officer William Trainer will participate in virtual one-on-one meetings throughout the day at the SNN Network Canada Virtual Event and is scheduled to present at each conference as follows: Sequire Clean Tech & EV Conference Date: Monday, December 6th, 2021 Time: 10:00 a.m.

Vicinity Motor Corp. to Participate in Upcoming Investor Conferences in December

Vicinity Motor Corp. (TSX-V:VMC), a North American supplier of commercial electric vehicles, said that new strategic partnerships with Optimal-EV and EAVX build the company's foundation for a "breakthrough FY 2022" with projected revenues of at least $140 million. In a statement accompanying the company's third-quarter numbers, Vicinity Motor founder CEO William Trainer said: "The 3Q of 2021 was instrumental in our foundation building for 2022, having secured exciting new lines of business - namely EV chassis sales alongside EAVX and low-floor electric shuttle bus sales through our new partner Optimal-EV.

Vicinity Motor says new strategic partnerships with Optimal-EV and EAVX build foundation for ‘breakthrough FY 2022'

Vicinity Motor Corp.'s (VEV) CEO William Trainer on Q3 2021 Results - Earnings Call Transcript

New Strategic Partnerships with Optimal-EV and EAVX Build Foundation for Breakthrough FY2022, with Projected Revenues of at Least $140 Million VANCOUVER, BC / ACCESSWIRE / November 12, 2021 / Vicinity Motor Corp. (TSXV:VMC) (NASDAQ:VEV) (FRA:6LG)("Vicinity Motor" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the third quarter of 2021. Third Quarter 2021 and Subsequent Operational Highlights Provided FY2022 financial guidance of revenues of at least $140 million and adjusted EBITDA of at least $10 million, with significant potential upside driven by strong North American sales momentum.

Vicinity Motor Corp. Reports Third Quarter 2021 Financial Results

Formerly known as Grande West Transportation Group Supplies electric, compressed natural gas, gasoline, and clean-diesel buses Started 2021 with a $50 million backlog What Vicinity Motors does:  Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG) is a leading supplier of electric, compressed natural gas (CNG), gasoline, and clean-diesel buses for both public and commercial enterprise use in the US and Canada.  The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor in March 2021.

Vicinity Motor intends to become top provider of EV buses for public and commercial enterprises in North America

Vicinity Motor Corp has announced the appointment of respected commercial transportation veteran Brent Phillips as its new senior director of sales for North America.  Phillips, who has over 20 years of experience in the commercial transportation field with a specific focus on commercial buses, will lead Vicinity Motor's sales activities throughout the US and Canada.

Vicinity Motor appoints commercial transport veteran Brent Phillips as its senior director of sales for North America

Respected Commercial Transportation Veteran to Spearhead New Sales Efforts VANCOUVER, BC / ACCESSWIRE / November 2, 2021 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) ("Vicinity" or the "Company"), a leading North American supplier of commercial electric vehicles, today announced the appointment of respected commercial transportation veteran Brent Phillips as Senior Director of Sales, North America to lead the Company's sales activities throughout the U.S. and Canada. Brent has over 20 years of experience in the commercial transportation field, with a specific focus on commercial buses and trucks and previous leadership roles at the distribution and manufacturing level including sales, marketing, and operations.

Vicinity Motor Corp. Appoints Brent Phillips as Senior Director of Sales for North America

Pioneer Auto Group Represents First Major Retail Automotive LOI for Class 3 Electric Trucks VANCOUVER, BC / ACCESSWIRE / November 1, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a leading North American supplier of commercial electric vehicles, today announced that it has received a letter of intent ("LOI") from Pioneer Auto Group ("Pioneer"), a leading retail automotive dealer in British Columbia, for 100 VMC 1200 Class 3 Electric Trucks worth approximately CAD $14 million. Pioneer is a well-respected Canadian dealership group with 17 locations located chiefly throughout British Columbia, Canada.

Vicinity Motor Corp. Receives Letter of Intent for 100 VMC 1200 EV Trucks from Pioneer Auto Group

Vicinity Motor Corp. has told investors it has received a letter of intent (LOI) from Pioneer Auto Group, a leading retail automotive dealer in British Columbia (BC), for an order for 100 VMC 1200 Class 3 electric trucks worth approximately C$14 million.

Vicinity Motor receives letter of intent for C$14 million order for VMC 1200 trucks

VANCOUVER, BC / ACCESSWIRE / October 29, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FSE:6LG) ("Vicinity Motor," "VMC" or the "Company"), a leading North American supplier of commercial electric vehicles, today announced that it will release financial results for the third quarter ended September 30, 2021, after market close on Friday, November 12, 2021. Management will host an investor conference call at 4:30 p.m.

Vicinity Motor Corp. to Report Third Quarter 2021 Results on Friday, November 12 at 4:30 p.m. Eastern Time

Company to Feature its New Electric Vehicle Lineup at Top U.S. Transit Industry Event in Orlando VANCOUVER, BC / ACCESSWIRE / October 28, 2021 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) ("Vicinity" or the "Company"), a leading North American supplier of commercial electric vehicles, will attend and showcase its vehicles at the APTA's TRANSform Conference & EXPO taking place November 8-10 in Orlando, Florida at the Orange County Convention Center. APTA's TRANSform Conference & EXPO is the world's most comprehensive public transportation showcase of technology, products, and services.

Vicinity Motor Corp. to Showcase Flagship Vehicles, New Partnerships at APTA's TRANSform Conference & EXPO

Vicinity Motor Corp. has announced it will attend and showcase its vehicles at the APTA's TRANSform Conference and EXPO taking place November 8-10 in Orlando, Florida, at the Orange County Convention Center. Together with US distribution partner ABC Companies, Vancouver-based Vicinity will exhibit a range of heavy-duty, light-duty and special purpose vehicles.

Vicinity to showcase vehicles at APTA TRANSform Conference and EXPO

VANCOUVER, BC / ACCESSWIRE / October 25, 2021 / Vicinity Motor Corp. (TSXV:VMC)(NASDAQ:VEV)(FRA:6LGA) ("Vicinity Motor" or the "Company"), a leading North American supplier of commercial electric vehicles, today announced that it has closed its previously announced underwritten public offering (the "Offering"). Under the Offering, the Company sold 3,990,610 units of the Company (the "Units") at a price of US$4.26 per Unit for gross proceeds to the Company of approximately US$17 million.

Vicinity Motor Corp. Announces Closing of US$17 Million Underwritten Public Offering

All California State Transit Agencies Attending are Authorized to Purchase Vicinity Buses through Distribution Partner ABC Companies VANCOUVER, BC / ACCESSWIRE / October 22, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity Motor" or the "Company"), a leading North American supplier of commercial electric vehicles, will attend and showcase its vehicles at the CALACT 2021 Autumn Conference & Expo taking place October 26-29 in Monterey, California at the Monterey Plaza Hotel. The California Association for Coordinated Transportation ("CALACT") is the largest state transit association in the United States, representing California small, rural and specialized transportation providers statewide.

Vicinity Motor Corp. To Attend CALACT 2021 Autumn Conference & Expo

Vicinity Motor Corp (NASDAQ: VEV) reported a public offering of 3.99 million units at $4.26 per Unit. Each Unit consists of one common share and one-half of one Common Share purchase warrant.

Vicinity Motor Shares Plunge After Raising $17M Via Equity Offering

Vicinity Motor Corp. told investors it plans to raise gross proceeds of approximately US$17 million through an underwritten public offering of 3,990,610 units at US$4.26 each.

Vicinity Motor announces US$17M underwritten public offering of common shares and warrants

The stock price of Vicinity Motor Corp (NASDAQ: VEV) fell by over 15% pre-market today. This is why it happened.

VEV Stock: Why The Price Fell Today

VANCOUVER, BC / ACCESSWIRE / October 21, 2021 / Vicinity Motor Corp. (TSXV:VMC) (NASDAQ:VEV) (FRA:6LGA) ("Vicinity Motor" or the "Company"), a leading North American supplier of commercial electric vehicles, today announced an underwritten public offering (the "Offering") of 3,990,610 units of the Company (the "Units") at a price of US$4.26 per Unit for gross proceeds to the Company of approximately US$17 million. Spartan Capital Securities, LLC ("Spartan Capital") is acting as sole book-running manager for the Offering.

Vicinity Motor Corp. Announces US$17 Million Underwritten Public Offering of Common Shares and Warrants

Vicinity Motor Corp (NASDAQ: VEV) has entered a supply agreement with Electrovaya Inc (OTC: EFLVF) to provide battery systems for its line of Vicinity Lightning EV buses and fully electric VMC 1200 Class 3 trucks. The financial terms of the deal were not disclosed.

Vicinity Motor Inks Supply Agreement With Electrovaya For Lithium-Ion Battery Systems

Vicinity Motor Corp. has announced a strategic agreement with Electrovaya Inc. to supply lithium battery systems for its Vicinity Lightning EV buses and fully electric VMC 1200 Class 3 trucks.

News for Vicinity Motor Corp Stock (VEV)