Envirotech Vehicles Inc

Envirotech Vehicles is a provider and manufacturer of purpose-built, all-electric, zero-emission vehicles and zero-emission drive trains for integration in medium to heavy-duty commercial fleet vehicles. The company serves commercial and last-mile delivery fleets, school districts, public and private transportation service companies, colleges, and universities and meet the increasing demand for heavy-duty electric vehicles. The company was founded by Edward Riggs Monfort on August 6, 2012 and is headquartered in Osceloa, AR.

Earnings data Q1 2021

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 Q2 2023

Earnings data Q1 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 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

Envirotech Vehicles engages in the provision of purpose-built zero-emission electric vehicles. It offers electric Class 4 logistics, cutaway, right-hand drive vans, and urban trucks. The company was founded by Edward Riggs Monfort on August 6, 2012 and is headquartered in Osceloa, AR.

OSCEOLA, AR / ACCESSWIRE / November 9, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), ("EVTV" or "the Company"), announced today the launch of the Company's first fully electric school bus, named the EVT Bumble Bee. Pre-orders for the vehicle are now open, and EVTV will be hosting a demonstration tour in February 2024 for customers to experience the vehicle firsthand, with deliveries expected beginning in the third quarter of 2024.

Envirotech Vehicles Announces the Launch of its Fully Electric School Bus

OSCEOLA, AR / ACCESSWIRE / October 18, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), ("EVTV" or "the Company"), announced today that it has received a letter from the Nasdaq Stock Market, LLC ("Nasdaq") stating that the Company has regained compliance with the Nasdaq Stock Market, LLC Listing Rule 5250(c)(1)(the "Rule"). The Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (SEC).

Envirotech Vehicles Announces It Has Regained Compliance with Nasdaq Listing Rule 5250(c)(1)

OSCEOLA, AR / ACCESWIRE / September 22, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), ("EVTV" or "the Company"), announced that after market close today, September 22, 2023, the Company filed its amended Form 10-Q for the period ended March 31, 2022, amended Form 10-Q for the period ended June 30, 2022, and amended Form 10-Q for the period ended September 30, 2022.The Company expects to file its Form 10-K for the period ended December 31, 2022 shortly thereafter. EVTV expects to file its Form 10-Q for the period ended March 31, 2023 and Form 10-Q for the period ended June 30, 2023 by October 16, 2023, upon completion of the review currently being conducted by the Company's independent registered public accounting firm.

Envirotech Vehicles Announces Filing of Amended 2022 Form 10-Qs

OSCEOLA, AR / ACCESSWIRE / September 12, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV" or "the Company"), today provided an update on its Philippines facility, which is progressing according to the Company's plans. EVTV has secured and taken possession of a 3,000 square meter final assembly facility located in Clark Free Trade Zone (formerly the US Clark Air Force Base).

Envirotech Vehicles Provides Update on Philippines Manufacturing Facility

Correcting the date for filing the Form 10-Q for the period ended March 31, 2023 OSCEOLA, AR / September 7, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), ("EVTV" or "the Company"), announced today that it has received a letter from the Nasdaq Stock Market, LLC ("Nasdaq") stating that it has accepted the Company's request for an additional extension to file its delinquent annual and quarterly filings. According to the plan that EVTV has provided to Nasdaq, the Company expects to file its Form 10-K for the period ended December 31, 2022 by September 22, 2023, and to file the Forms 10-Q for the period ended March 31, 2023 and the period ended June 30, 2023 by October 16, 2023 upon completion of the audit currently being conducted by the Company's independent registered public accounting firm.

CORRECTION BY SOURCE: Envirotech Vehicles Announces Nasdaq Acceptance of its Request for an Extension to File its Delinquent Filings

OSCEOLA, AR. / ACCESSWIRE / September 7, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), ("EVTV" or "the Company"), announced today that it has received a letter from the Nasdaq Stock Market, LLC ("Nasdaq") stating that it has accepted the Company's request for an additional extension to file its delinquent annual and quarterly filings.

Envirotech Vehicles Announces Nasdaq Acceptance of its Request for an Extension to File its Delinquent Filings

OSCEOLA, AR / ACCESSWIRE / August 23, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), ("EVTV" or "the Company"), announced today that it received a notification letter from the Nasdaq Stock Market, LLC ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not yet filed its Form 10-Q for the period ended June 30, 2023 and because it remains delinquent in filing its Form 10-K for the period ended December 31, 2022 and Form 10-Q for the period ended March 31, 2023, as previously disclosed. In accordance with the prior notification letter regarding the delayed filing of the Form 10-K, EVTV has until September 1, 2023 to submit a plan to regain compliance with the Nasdaq Listing Rules.

Envirotech Vehicles Announces Receipt of Expected Notice from Nasdaq Related to Delayed Filing of Form 10-Q for the Period Ended June 30, 2023

Arrival Group

AYRO

Amplify Lithium & Battery Technology ETF

Blue Bird

Blink Charging

Bayerische Motoren Werke AG

BYD Company Limited

BYD Co Ltd

Electric Last Mile Solutions, Inc.

Ford Motor Company

First Trust China AlphaDEX Fund

Fisker Inc

Subaru Corp

Geely Automobile Holdings Ltd

General Motors

Canoo

GreenPower Motor Co.

Honda

Hyliion

Global electric car sales June 2023 up 38% YoY to 19% share. China sales up 28% to 38% share. Europe up 42% to 25% share. USA up 38% to 9% share. EV market news - China 6b emission standard started on July 1. China to bolster its economy. U.S. proposes fuel economy standards for new vehicles to 58 mpg by 2032. EV company news - BYD smashes sales records in H1, 2023, selling 1.25M BEVs. Tesla Cybertruck orders surpass 1.9m, 5-year wait times. Volkswagen takes $700m stake in XPeng.

EV Company News For The Month Of July 2023

OSCEOLA, AR / ACCESSWIRE / July 18, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV" or "the Company"), announced the hiring of Richard Ross as Executive Vice President of EVTV North America and Greg Miros as Vice President of Sales. In addition, Susan Emry, Executive Vice President of EVTV, was named Overseas Strategy Officer.

Envirotech Vehicles Announces Strategic Hiring and Realignment Among Leadership Team

Archer Aviation

Blade Air Mobility

Embraer

Eve Holding Inc

Vertical Aerospace Ltd

Global electric car sales for May 2023 were up 50% YoY to 16% share - China sales were up 54% to 35% share, Europe was up 38% to 23% share, USA was up 68% to 8% share. EV market news - Ford, GM and Rivian, Volvo & Polestar to join Tesla's EV charging network. Tesla becomes number 1 for plugin electric car sales in Europe in May. EV company news - BYD announces new Fang Cheng Bao brand. Tesla Model Y is America's No. 1 selling passenger car. GAC Aion aims to sell 500,000 BEVs this year.

EV Company News For The Month Of June 2023

OSCEOLA, AR / ACCESSWIRE / May 19, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), ("EVTV" or "the Company"), announced today that it received a notification letter from the Nasdaq Stock Market, LLC ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not yet filed its Form 10-Q for the period ended March 31, 2023 and because it remains delinquent in filing its Form 10-K for the period ended December 31, 2022, as previously disclosed. In accordance with the prior notification letter regarding the delayed filing of the Form 10-K, EVTV has until June 20, 2023 to submit a plan to regain compliance with the Nasdaq Listing Rules.

Envirotech Vehicles Announces Receipt of Expected Notice from Nasdaq Related to Delayed Filing of Form 10-Q

Hyundai Motor Company

Ideanomics Inc

Global electric car sales for March 2023 were up 28% YoY to 16% share. China sales up 23% YoY to 34% share. Europe up 29% YoY to 23% share. EV market news - EPA proposes auto pollution limits to aggressively boost EV sales. IEA says "nearly one in five cars sold globally this year will be electric".

EV Company News For The Month Of April 2023

OSCEOLA, AR / ACCESSWIRE / April 24, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV" or "Envirotech"), announced today that so far in the month of April it has delivered two vehicles through the New Jersey Zero-Emission Incentive Program ("NJ ZIP") and one vehicle through the California Hybrid and Zero Emission Truck and Bus Voucher Incentive Project (HVIP). Phillip Oldridge, Chief Executive Officer of Envirotech Vehicles, commented, "NJZIP and California's HVIP continue to be invaluable programs for EVTV and we are proud to continue our momentum with both of these.

Envirotech Vehicles Provides Update on NJ ZIP and California HVIP Deliveries

OSCEOLA, AR / ACCESSWIRE / April 21, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), ("EVTV" or "the Company"), announced today that it received a notification letter from the Nasdaq Stock Market, LLC stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) due to its failure to timely file its Annual Report on Form 10-K for the period ended December 31, 2022 ("Form 10-K"). Nasdaq's notification letter states that the Company has 60 calendar days to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules.

Envirotech Vehicles Announces Receipt of Expected Notice from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K

OSCEOLA, AR / ACCESSWIRE / April 18, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV" or "Envirotech"), announced today that Douglas Campoli has been appointed Chief Financial Officer and Franklin Lim has been appointed Controller of EVTV, effective April 17, 2023. Mr. Campoli brings to EVTV significant leadership experience in finance, accounting and corporate functions.

Envirotech Vehicles Appoints Douglas Campoli as Chief Financial Officer and Franklin Lim as Controller

Workhorse Group

There's a long-term shift in the automotive industry toward electric vehicles. However, not all players in the industry will be winners.

3 EV Stocks That Are Running Low on Battery in April 2023

OSCEOLA, AR / ACCESSWIRE / April 12, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV" or "Envirotech"), announced today that it has signed a Term Sheet ("Term Sheet") regarding a potential business combination transaction pursuant to which Maddox Defense Inc., ("Maddox") a prominent prime federal government contractor, supplier, and manufacturer would become a majority-owned subsidiary of EVTV in exchange for shares of Envirotech common stock and a promissory note (the "Proposed Transaction"). Upon completion of the Proposed Transaction, it is contemplated that the stockholders of Maddox would hold approximately 46% of the total outstanding shares of common stock of Envirotech.

Envirotech Vehicles and Maddox Defense Inc. Enter into a Term Sheet for Proposed Business Combination

Global electric car sales Feb. 2023 were up 49% YoY to 14% share. China sales up 56% YoY to 33% share. Europe up 14% YoY to 20% share. EV market news - EV demand sentiment was weighed on by some automakers in China heavily discounting ICE vehicles in advance of new emissions standards due July 1, 2023.

EV Company News For The Month Of March 2023

OSCEOLA, AR / ACCESSWIRE / March 21, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV"), announced today that customers that purchase EVTV commercial electric vehicles with a gross vehicle weight rating (GVWR) of over 14,000 pounds are now eligible to receive a tax credit of $40,000 per vehicle under the Inflation Reduction Act (IRA) commercial clean vehicle credit. Vehicles that qualify for this credit in EVTV's portfolio today include the company's medium-duty logistics vans and urban trucks, with future vehicles such as the company's school bus offering expected to qualify as well.

Envirotech Vehicles Announces Eligibility for Inflation Reduction Act's Commercial Clean Vehicle Credit

OSCEOLA, AR / ACCESSWIRE / February 23, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV"), announced today an exclusive partnership with Strategic EV Solutions, an affiliate of Curtis Stout and a leader in the mid-south electrical industry, to establish an agreement to sell EVTV electric vehicles (EVs) across Arkansas, Texas, Oklahoma, Tennessee, Louisiana, Mississippi, Alabama and Florida. Phillip Oldridge, Chief Executive Officer of Envirotech Vehicles, commented, "Finding the most impactful go-to-market partners when selling EVs is critical to the success of a company as it looks to scale up.

Envirotech Vehicles Announces Partner In Arkansas

OSCEOLA, AR / ACCESSWIRE / February 9, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV"), announced today that it has hired Dr. Victoria Pagonis to be responsible for EVTV's grant writing and federal funding initiatives and project management. Dr. Pagonis comes to EVTV with 30 years of experience writing private, local, state, and federal awards.

Envirotech Vehicles Announces Hiring of Dr. Victoria Pagonis as Grant Writer and Project Manager

Arcimoto

Hertz

Global electric car sales Dec. 2022 were an estimated 1.1 million+. China sales up 83% YoY to 30% share. Europe up 147% YoY to 38% share. US ~7% share. EV market news - UK's petrol and diesel sales eroded as EV sales surged 40% in 2022. China new-energy vehicle sales, shipments nearly doubled in 2022.

EV Company News For The Month Of January 2023

EVTV's newly-launched strategic partnership with Garsite to provide high-performance, efficient refuelers to aviation industry OSCEOLA, AR / ACCESSWIRE / February 1, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV"), announces today that EVTV, through its strategic partnership with Garsite, a leader in aviation refueling equipment, will deliver its first all-electric aircraft refueler to Atlantic Aviation in Colorado. Phillip Oldridge, Chief Executive Officer of Envirotech Vehicles, commented, "There's a special irony in that even owners and operators of fuel-delivery systems themselves are looking to electrify their vehicles.

Envirotech Vehicles Delivers Chassis for Garsite's First All-Electric Aircraft Refueler to Atlantic Aviation in Colorado

Apple

Baidu

Global electric car sales Nov. 2022 were an estimated 1million+. China sales up 50% YoY to 35% share. Europe up 26% YoY to ~28% share. US ~6% share. EV market news - By 2029, electric vehicles could account for a third of the North American market and about 26% of vehicles produced worldwide.

EV Company News For The Month Of December 2022

Phoenix, Arizona--(Newsfile Corp. - December 27, 2022) - The Stock Day Podcast welcomed Envirotech Vehicles (NASDAQ: EVTV) ("the Company"), a transportation industry-leading provider and manufacturer of purpose-built, all-electric, zero-emission vehicles and zero-emission drive trains for integration in medium to heavy-duty commercial fleet vehicles. CEO of the Company, Phillip Oldridge, joined Stock Day host Everett Jolly. "What sets Envirotech Vehicles apart from the rest of the commercial electric vehicle companies out there?", asked Jolly.

Envirotech Vehicles Discusses 2022 Commercial EV Achievements and 2023 Goals with The Stock Day Podcast

News for Envirotech Vehicles Inc Stock (EVTV)