Filed for bankruptcy in Jan 2025
VEV - Vicinity Motor Corp.
NASDAQ
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Consumer Cyclical
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Auto Manufacturers
Aldergrove,
Canada
Type: Equity
VEV price evolution
VEV
| (in millions $) | 1 May 2024 | 31 Jan 2024 | 30 Oct 2023 | 30 Jul 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $4.32 | $2.03 | $1.97 | $7.26 |
| Short term investments | ||||
| Net receivables | $7.52 | $5.6 | $7.5 | $3.95 |
| Inventory | $28.23 | $23.27 | $13.65 | $10.95 |
| Total current assets | $44.61 | $40.65 | $34.93 | $30.86 |
| Long term investments | ||||
| Property, plant & equipment | $23.54 | $23.73 | $23.26 | $22.79 |
| Goodwill & intangible assets | ||||
| Total noncurrent assets | ||||
| Total investments | ||||
| Total assets | $77.83 | $74.19 | $72.58 | $68.33 |
| Current liabilities | ||||
| Accounts payable | $13.92 | $10.16 | $5.66 | $5.04 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $49.64 | $43.51 | $27.91 | $24.08 |
| Long term debt | $9.22 | $9.36 | $13.79 | $10.01 |
| Total noncurrent liabilities | ||||
| Total debt | ||||
| Total liabilities | $59.09 | $53 | $41.83 | $34.18 |
| Shareholders' equity | ||||
| Retained earnings | -$68 | -$64.28 | -$55.17 | -$50.78 |
| Other shareholder equity | $1.48 | $0.41 | $1.32 | $0.65 |
| Total shareholder equity | ||||
| (in millions $) | 31 Jan 2024 | 31 Jan 2023 | 31 Jan 2022 | 31 Jan 2021 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $2.03 | $1.62 | $4.4 | $1.01 |
| Short term investments | ||||
| Net receivables | $5.6 | $2.65 | $2.81 | $3.26 |
| Inventory | $23.27 | $10.07 | $9.42 | $25.62 |
| Total current assets | $40.65 | $18.15 | $20.81 | $32.07 |
| Long term investments | ||||
| Property, plant & equipment | $23.73 | $22.61 | $10.83 | $3.17 |
| Goodwill & intangible assets | ||||
| Total noncurrent assets | ||||
| Total investments | ||||
| Total assets | $74.19 | $55.03 | $53.99 | $36.94 |
| Current liabilities | ||||
| Accounts payable | $10.16 | $4.94 | $2.17 | $7.54 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $43.51 | $16.57 | $19.4 | $18.96 |
| Long term debt | $9.36 | $1.5 | $0.09 | $0.22 |
| Total noncurrent liabilities | ||||
| Total debt | ||||
| Total liabilities | $53 | $18.2 | $19.75 | $19.38 |
| Shareholders' equity | ||||
| Retained earnings | -$64.28 | -$47.64 | -$29.69 | -$22.37 |
| Other shareholder equity | $0.41 | $1.4 | -$0.15 | $0.14 |
| Total shareholder equity | ||||
| (in millions $) | 1 May 2024 | 31 Jan 2024 | 30 Oct 2023 | 30 Jul 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $13.23 | $5.09 | $6.49 | $4.82 |
| Cost of revenue | ||||
| Gross Profit | $1.88 | -$0.44 | $0.51 | $1.59 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | ||||
| Total operating expenses | $2.4 | $3.89 | $2.87 | $2.44 |
| Operating income | ||||
| Income from continuing operations | ||||
| EBIT | ||||
| Income tax expense | -$0.01 | $0.01 | ||
| Interest expense | -$3.2 | $0.25 | -$2.52 | $0.15 |
| Net income | ||||
| Net income | -$3.72 | -$9.11 | -$4.39 | -$0.7 |
| Income (for common shares) | ||||
| (in millions $) | 31 Jan 2024 | 31 Jan 2023 | 31 Jan 2022 | 31 Jan 2021 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $19.05 | $18.48 | $41.71 | $19.55 |
| Cost of revenue | ||||
| Gross Profit | $2.14 | $0.44 | $4.24 | $2.58 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | ||||
| Total operating expenses | $11.52 | $13.48 | $10.04 | $5.73 |
| Operating income | ||||
| Income from continuing operations | ||||
| EBIT | ||||
| Income tax expense | $0.2 | $0.46 | $0.08 | |
| Interest expense | -$2.7 | -$5.51 | -$1.06 | |
| Net income | ||||
| Net income | -$16.63 | -$17.95 | -$7.32 | -$3.24 |
| Income (for common shares) | ||||
| (in millions $) | 1 May 2024 | 31 Jan 2024 | 30 Oct 2023 | 30 Jul 2023 |
|---|---|---|---|---|
| Net income | ||||
| Operating activities | ||||
| Depreciation | ||||
| Business acquisitions & disposals | ||||
| Stock-based compensation | ||||
| Total cash flows from operations | ||||
| Investing activities | ||||
| Capital expenditures | ||||
| Investments | ||||
| Total cash flows from investing | -$0.38 | -$1.95 | -$1.63 | -$0.57 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | ||||
| Net borrowings | ||||
| Total cash flows from financing | $2.29 | $27.01 | $21.02 | $15.25 |
| Effect of exchange rate | -$0.06 | $0.03 | -$0.04 | $0.1 |
| Change in cash and equivalents | $2.29 | $0.4 | $0.35 | $5.64 |
| (in millions $) | 31 Jan 2024 | 31 Jan 2023 | 31 Jan 2022 | 31 Jan 2021 |
|---|---|---|---|---|
| Net income | ||||
| Operating activities | ||||
| Depreciation | ||||
| Business acquisitions & disposals | ||||
| Stock-based compensation | ||||
| Total cash flows from operations | ||||
| Investing activities | ||||
| Capital expenditures | ||||
| Investments | ||||
| Total cash flows from investing | -$1.95 | -$10.7 | -$23.12 | -$0.88 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | ||||
| Net borrowings | ||||
| Total cash flows from financing | $27.01 | $17.37 | $22.95 | $6.92 |
| Effect of exchange rate | $0.03 | -$0.37 | -$0.03 | $0.09 |
| Change in cash and equivalents | $0.4 | -$2.78 | $3.39 | $0.43 |
News
Fundamentals
| Market cap | $86.77K |
|---|---|
| Enterprise value | N/A |
| Shares outstanding | 45.67M |
| Revenue | $29.63M |
|---|---|
| EBITDA | N/A |
| EBIT | N/A |
| Net Income | -$17.92M |
| Revenue Q/Q | N/A |
| Revenue Y/Y | N/A |
| P/E ratio | -0.00 |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | 0.00 |
| P/B ratio | N/A |
| Book/Share | N/A |
| Cash/Share | 0.09 |
| EPS | -$0.39 |
|---|---|
| ROA | -24.47% |
| ROE | N/A |
| Debt/Equity | N/A |
|---|---|
| Net debt/EBITDA | N/A |
| Current ratio | 0.90 |
| Quick ratio | 0.33 |