Vicinity Motor Corp

Vicinity Motor Corp. engages in the provision of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use. It operates through the United States and Canada geographical segments. The company was founded by William Trainer in 2008 and is headquartered in Aldergrove, Canada.

Earnings data Q2 2021

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Vicinity Motor Corp. (NASDAQ:VEV ) Q1 2024 Earnings Conference Call May 14, 2024 4:30 PM ET Company Participants William Trainer - Founder & CEO Brent Phillips - President Dan Buckle - CFO Conference Call Participants Robin Cornwell - Catalyst Research Poe Fratt - Alliance Global Partners Operator Greetings, and welcome to the Vicinity Motor Corp. First Quarter 2024 Corporate Update Conference Call. At this time all participants are in listen-only mode.

Vicinity Motor Corp. (VEV) Q1 2024 Earnings Call Transcript

Company Achieves Positive Cash Flow from Operations in the First Quarter, Driven by 400% Revenue Growth on Deliveries of 44 VMC 1200 All-Electric Trucks and 22 Vicinity™ Classic Transit Buses VANCOUVER, BC / ACCESSWIRE / May 14, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the first quarter ended March 31, 2024. First Quarter 2024 and Subsequent Operational Highlights Revenue increased 400% to $13.3 million in the first quarter of 2024, primarily driven by the delivery of forty-four (44) VMC 1200 all-electric trucks and twenty-two (22) Vicinity Classic transit buses.

Vicinity Motor Corp. Reports First Quarter 2024 Financial Results

Amendment Defers CAD$5.8 Million in Repayments from April and July of 2024 until Maturity VANCOUVER, BC / ACCESSWIRE / May 10, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the completion of an amendment of its unsecured debenture in the original principal amount of CAD$12.0 million, reflecting a modification of the repayment schedule to defer approximately CAD$5.8 million in principal repayments - originally due in April and July of 2024 - until the maturity date of October 4, 2024. "We are pleased to announce the deferral of CAD$5.8 million of repayments on our debentures until the maturity date in October of this year," said Brent Phillips, President of Vicinity Motor Corp. "I would like to thank our debtholders for their belief in our business momentum and flexibility in supporting our near-term liquidity goals as we monetize our inventory and robust order backlog.

Vicinity Motor Corp. Announces Amendment to Repayment Schedule on CAD$12.0 Million Debenture to Support Near-Term Liquidity Goals

VANCOUVER, BC / ACCESSWIRE / May 7, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the first quarter ended March 31, 2024, after market close on Tuesday, May 14, 2024. Management will host an investor conference call at 4:30 p.m.

Vicinity Motor Corp. to Report First Quarter 2024 Financial Results on Tuesday, May 14 at 4:30 p.m. Eastern Time

Well-Respected Commercial Vehicle Dealership to Address the Cities of Kamloops and Kelowna in British Columbia, Canada VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has signed a new distribution agreement with RJames Management Group Ltd to launch RJames Vicinity Truck, a new Vicinity dealership in British Columbia. RJames Management spun off from a family dealership selling heavy trucks to form a leading, full-service commercial truck dealer group.

Vicinity Motor Corp. Secures VMC 1200 Distribution Agreement with RJames Vicinity Truck in British Columbia, Canada

VANCOUVER, BC / ACCESSWIRE / April 24, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated April 23, 2024, notifying the Company that Nasdaq has determined that the Company is eligible for an additional 180 calendar day period to regain compliance with Nasdaq's minimum US$1.00 bid price per share requirement for continued listing on The Nasdaq Capital Market as set forth under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Requirement"), following the expiration on April 22, 2024 of the initial 180 calendar day period to regain compliance. As previously disclosed, the Company was initially notified by Nasdaq on October 24, 2023 that the Company was not in compliance with the Bid Price Requirement for a period of 30 consecutive business days, and Nasdaq granted the Company a period of 180 calendar days, or until April 22, 2024, to regain compliance with the Bid Price Requirement.

Vicinity Motor Corp. Receives Additional 180 Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule

Phillips is promoted to the newly created role of President Working alongside William Trainer, Founder and CEO, Phillips will drive strategic and operational initiatives to streamline production and increase vehicle sales across the Company's industry leading mid-size bus and Class 3 EV truck offerings. Phillips starts with an initial strategic plan focused on milestones related to the onshoring of production for the Lightning bus in Ferndale, WA, augmenting the Canadian dealer network for the VMC 1200 electric trucks, and the formal launch of the VMC 1200 into the U.S. market.

Brent Phillips to Lead Next Phase of Growth at Vicinity Motor Corp.

VANCOUVER, BC / ACCESSWIRE / April 18, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced it has entered into an unsecured loan agreement to borrow an aggregate $2,000,000 from two arms' length parties. The Company has entered into a 12 month term loan agreement to borrow $2,000,000.

Vicinity Motor Corp. Announces CAD$2 Million Loan

Vicinity Motor (NASDAQ: VEV ) stock is falling on Wednesday following the release of the transit bus manufacturing company's Q4 2023 earnings report. The bad news for VEV stockholders starts with the company's earnings per share of -20 cents.

Why Is Vicinity Motor (VEV) Stock Down 27% Today?

Vicinity Motor Corp. (NASDAQ:VEV ) Q4 2023 Earnings Conference Call April 2, 2024 4:30 PM ET Company Participants William Trainer - Founder and CEO Dan Buckle - CFO Conference Call Participants Robin Cornwell - Catalyst Research Poe Fratt - Alliance Global Partners Operator Greetings and welcome to the Vicinity Motor Corp. Fourth Quarter and Full Year 2023 Corporate Update Conference Call. At this time all participants are in listen-only mode.

Vicinity Motor Corp. (VEV) Q4 2023 Earnings Call Transcript

Q4 2023 Deliveries of 11 Vicinity™ Classic Transit Buses Generate $5.1M in Revenue VANCOUVER, BC / ACCESSWIRE / April 2, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 and Subsequent Operational Highlights Order backlog as of December 31, 2023 exceeded $125 million, of which electric vehicles accounted for over 75%.

Vicinity Motor Corp. Reports Fourth Quarter and Full Year 2023 Financial Results

VANCOUVER, BC / ACCESSWIRE / March 27, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will now release financial results for the fourth quarter and full year ended December 31, 2023, after market close on Tuesday, April 2, 2024. Management will host the rescheduled investor conference call at 4:30 p.m.

Vicinity Motor Corp. Reschedules Fourth Quarter and Full Year 2023 Financial Results Conference Call to Tuesday, April 2 at 4:30 p.m. Eastern Time

VANCOUVER, BC / ACCESSWIRE / March 19, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the fourth quarter and full year ended December 31, 2023, after market close on Thursday, March 28, 2024. Management will host an investor conference call at 4:30 p.m.

Vicinity Motor Corp. to Report Fourth Quarter and Full Year 2023 Financial Results on Thursday, March 28 at 4:30 p.m. Eastern Time

VANCOUVER, BC / ACCESSWIRE / February 12, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of a follow-on purchase order from Autobus La Québécoise for twelve (12) Vicinity™ Classic buses to service the cities of La Prairie, Candiac, Saint-Philippe, Delson, Saint-Constant and Sainte-Catherine in Quebec. Per the terms of the supply agreement, Autobus La Québécoise has ordered an additional twelve of the Company's 32-foot Vicinity™ Classic clean-diesel buses for delivery in 2025.

Vicinity Motor Corp. Secures Follow-On Order for 12 Vicinity(TM) Classic Buses from La Québécoise

Established Montreal-Area Passenger EV Dealership Moves into Commercial EV Market with Launch of VMC Laval VANCOUVER, BC / ACCESSWIRE / January 23, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has signed a new distribution agreement with Groupe Taddeo Auto to open VMC Laval, a new VMC specific dealership, by the owners of successful Volvo and Polestar dealerships in the Montreal territory. Groupe Taddeo Auto was founded in 2002, growing from a simple family dealership to a major automotive group in Quebec, bringing together Volvo Laval, Volvo West Island, Polestar Montreal and a certified center.

Vicinity Motor Corp. Secures VMC 1200 Distribution Agreement with VMC Laval in Laval, Canada

VANCOUVER, BC / ACCESSWIRE / January 18, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today issued a letter to shareholders from CEO and Founder William Trainer. Dear Shareholders, 2023 was a year of diversification and expansion for Vicinity, underscored by the success of the VMC 1200 product line and ongoing growth in the electric vehicle (EV) market, bolstered by a growing cadence of sales momentum across all of our product lines.

Vicinity Motor Corp. Issues Shareholder Letter and Provides Corporate Update

Peninsula VMC Truck Centre to Serve South Toronto Market with VMC 1200 Sales & Service VANCOUVER, BC / ACCESSWIRE / January 17, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has signed a new distribution agreement with automotive industry executive Kelly Jennings to launch Peninsula VMC Truck Centre, a new VMC specific dealership for the territory located in the southern Toronto, Canada region. Kelly Jennings is the owner of Peninsula Ford Lincoln, a leading automotive dealership in Owen Sound and Port Elgin, Ontario, Canada with a storied 40 year history.

Vicinity Motor Corp. Signs VMC 1200 Distribution Agreement for Peninsula VMC Truck Centre in South Toronto, Canada

Established Toronto-Area EV Dealership Establishes Vicinity Trucks West Toronto, Expanding into the Commercial EV Market VANCOUVER, BC / ACCESSWIRE / January 8, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has signed a new distribution agreement with Shift EV Trucks to open Vicinity Trucks West Toronto, a new VMC specific dealership, by the owners of the successful Shift Electric Vehicles for the West Toronto territory. Shift Electric Vehicles has been offering a wide selection of premium electric vehicles online or in its showroom since 2013 in Oakville, Ontario - between Toronto and Hamilton.

Vicinity Motor Corp. Announces VMC 1200 Distribution Agreement with Shift EV Trucks in West Toronto, Canada

Established Commercial & Fleet Vehicle Dealership to Launch Jack Carter VMC Trucks with Initial Order for 19 VMC 1200, Growing Share in the Commercial EV Market VANCOUVER, BC / ACCESSWIRE / January 2, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has signed a new distribution agreement with Jack Carter Commercial Vehicles to open Jack Carter VMC Trucks, a new VMC specific dealership, by the owners of the successful Jack Carter Chevrolet Buick GMC Corvette Dealer for the Alberta South territory. Jack Carter Chevrolet Buick GMC Corvette has been offering General Motors vehicles for over 60 years, serving Calgary and surrounding communities.

Vicinity Motor Corp. Announces VMC 1200 Distribution Agreement with Jack Carter VMC Trucks in Southern Alberta, Canada

VANCOUVER, BC / ACCESSWIRE / December 18, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of a new purchase order from Autobus La Québécoise for eight (8) Vicinity™ Classic buses to service the City of Joliette, Quebec. Per the terms of the supply agreement, Autobus La Québécoise has ordered eight of the Company's 32-foot Clean-Diesel Vicinity™ Classic buses for delivery in 2024.

Vicinity Motor Corp. Secures Order for 8 Vicinity(TM) Classic Clean Diesel Buses from La Québécoise

Écocamionnage Program to Offer CAD$85,000 Rebate to VMC 1200 Buyers in Quebec VANCOUVER, BC / ACCESSWIRE / December 4, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has been approved by the Quebec Ministry of Transport and Sustainable Mobility in Canada for the VMC 1200 to be included in its Écocamionnage Program to incentivize the electrification of the commercial freight and heavy vehicle transportation industry. The Écocamionnage Program aims to reduce greenhouse gas emissions in the commercial freight and service vehicle sectors through measures to improve energy efficiency or through the use of alternative energy.

Vicinity Motor Corp. Announces Inclusion of VMC 1200 in Quebec Transportation Ministry's Incentive Program for Electric Vehicles

Vicinity Motor Corp. (NASDAQ:VEV ) Q3 2023 Earnings Conference Call November 13, 2023 4:30 PM ET Company Participants William Trainer - Founder and Chief Executive Officer Dan Buckle - Chief Financial Officer Conference Call Participants Robin Cornwell - Catalyst Research Poe Fratt - Alliance Global Partners Operator Greetings and welcome to the Vicinity Motor Corp. Third Quarter 2023 Corporate Update Conference Call. At this time all participants are in listen-only mode.

Vicinity Motor Corp. (VEV) Q3 2023 Earnings Call Transcript

New Dealerships Expanding VMC 1200 Distribution Network Across North America VANCOUVER, BC / ACCESSWIRE / November 13, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the third quarter ended September 30, 2023. Third Quarter 2023 and Subsequent Operational Highlights Order backlog as of September 30, 2023 exceeded $150 million, the vast majority of which are for electric vehicles.

Vicinity Motor Corp. Reports Third Quarter 2023 Financial Results

At a Glance: Exro generated revenue of $2,032,669 for the three months ended September 30, 2023, and $4,800,730 for the nine months ended September 30, 2023. Exro announced the official start of production of the Company's Coil Driver™ technology on September 6, 2023.

Exro Technologies Announces Third Quarter 2023 Financial Results

VANCOUVER, BC / ACCESSWIRE / November 7, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the third quarter ended September 30, 2023 after market close on Monday, November 13, 2023. Management will host an investor conference call at 4:30 p.m.

News for Vicinity Motor Corp Stock (VEV)