Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

GreenPower Motor Company Inc. (V:GPV)

Business Focus: Electric (Alternative) Vehicles

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