Published on 29 Apr 2022 on Simply Wall St. via Yahoo Finance
We feel now is a pretty good time to analyse GreenPower Motor Company Inc.'s (CVE:GPV) business as it appears the company may be on the cusp of a considerable accomplishment. GreenPower Motor Company Inc. designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. With the latest financial year loss of US$7.8m and a trailing-twelve-month loss of US$11m, the CA$185m market-cap company amplified its loss by moving further away from its breakeven target. The most pressing concern for investors is GreenPower Motor's path to profitability – when will it breakeven? We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.
Check out our latest analysis for GreenPower Motor
GreenPower Motor is bordering on breakeven, according to the 5 Canadian Machinery analysts. They expect the company to post a final loss in 2023, before turning a profit of US$6.4m in 2024. Therefore, the company is expected to breakeven roughly 2 years from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 73% is expected, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.