Sector: Consumer Cyclicals | Industry: Auto & Truck Manufacturers |
Company Contact | |
Address: | 240-209 Carrall St VANCOUVER BC V6B 2J2 |
Tel: | N/A |
Website: | https://greenpowermotor.com |
IR: | See website |
Key People | ||
Fraser Atkinson Chairman of the Board, Chief Executive Officer | Brendan Riley President, Director | Michael Sieffert Chief Financial Officer, Secretary |
Paul Start Vice President Sales School Bus Group | Claus Tritt Vice President - Medium Duty and Commercial Vehicle Sales | Yanyan Zhang Vice President - Program Management |
Business Overview |
GreenPower Motor Company Inc. is a Canada-based company, which designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. The Company employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This original equipment manufacturer (OEM) platform allows the Company to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. The Company has its primary operational facilities in southern California. Its product line EV Star CC, EV Star CC RHD, EV Star, EV Star +, EV Star Cargo, EV Star Cargo +, AV Star, Nano BEAST, BEAST, EV250, EV350, and EV500 & EV550. |
Financial Overview |
For the nine months ended 31 December 2023, GreenPower Motor Company Inc revenues increased 40% to $34.2M. Net loss increased 5% to $11.7M. Revenues reflect Manufacture & Distribution of Electric Transit,School & Char segment increase from $12.8M to $34.2M, United States (Country) segment increase of 32% to $32M, Canada (Country) segment increase from $170K to $2.2M. Higher net loss reflects Manufacture & Distribution of Electric Transit. |
Employees: | 112 as of Mar 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $66.07M as of Dec 31, 2023 |
Annual revenue (TTM): | $67.40M as of Dec 31, 2023 |
EBITDA (TTM): | -$16.18M as of Dec 31, 2023 |
Net annual income (TTM): | -$21.23M as of Dec 31, 2023 |
Free cash flow (TTM): | $1.79M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $16.30M as of Dec 31, 2023 |
Shares outstanding: | 24,991,162 as of May 10, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |