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

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 Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 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

Li Auto Inc.

Proterra

Electrameccanica

XPeng

BYD Company Limited

Electric vehicles stocks have outperformed the broader market since the beginning of the year, but the valuation multiples of these EV stocks have cooled down in the past year, providing a once-in-a-lifetime discount opportunity. The post 7 Electric Vehicle Stocks at a Once-in-a-Lifetime Discount appeared first on InvestorPlace.

7 Electric Vehicle Stocks at a Once-in-a-Lifetime Discount

Vicinity Motor Corp (NASDAQ: VEV) shares are trading lower by 30.2% at $2.31 after the company announced a $12 million direct registered offering. Vicinity Motor intends to use the proceeds for the completion of the company's Ferndale, Washington manufacturing facility.

Here's Why Vicinity Motor Shares Are Falling

Vicinity Motor Corp (NASDAQ: VEV) has entered into definitive agreements with new and existing institutional and accredited investors for the purchase and sale of 4.44 million shares and warrants to buy 4.44 million shares. Each unit is priced at $2.70 per unit.

Vicinity Motor Shares Nosedive After $12M Equity Offering

VANCOUVER, BC / ACCESSWIRE / March 24, 2022 / Vicinity Motor Corp. (TSXV:VMC) (NASDAQ:VEV) (FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced it has entered into definitive agreements with new and existing institutional and accredited investors for the purchase and sale of 4,444,445 common shares and warrants to purchase up to 4,444,445 common shares (together, a "Unit") at a combined purchase price of US$2.70 per Unit in a registered direct offering for gross proceeds of approximately US$12 million, before deducting placement agent fees and expenses. The warrants will be exercisable 6 months from the closing of the offering (the "Initial Exercise Date") at an exercise price of US$3.36 per common share and will expire three (3) years from the Initial Exercise Date.

Vicinity Motor Corp. Announces US$12 Million Registered Direct Offering

Vicinity Motor Corp. (TSX-V:VMC) said it has entered into a strategic US distribution agreement with passenger transportation company DATTCO Inc. to distribute Vicinity vehicles within the Northeastern US.

Vicinity Motor announces strategic US agreement to distribute its vehicles in Northeastern US

Partnership to Enhance Reach in Northeastern United States; DATTCO Places Initial Order for Several Vehicles Spanning the Company's Growing Vehicle Portfolio VANCOUVER, BC / ACCESSWIRE / March 17, 2022 / 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 has entered into a strategic U.S. distribution agreement with DATTCO, Inc. a U.S. full-service passenger transportation company, to distribute Vicinity vehicles within the Northeastern United States. Headquartered in New Britain, Connecticut, DATTCO operates facilities throughout New England and employs over 2,000 people in Massachusetts, New Hampshire, Maine, Rhode Island and Vermont.

Vicinity Motor Corp. Announces Strategic Distribution Partnership with DATTCO

Expanded Partnership to Further Enhance Vicinity's Presence in the United States; Includes New Orders for 18 VMC Optimal S1 Shuttle Buses & 3 Vicinity Classic Buses VANCOUVER, BC / ACCESSWIRE / March 15, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the expansion of its strategic U.S. distribution agreement with ABC Companies ("ABC"), a leading provider of motorcoach and transit equipment in North America. The ABC distributorship supports Vicinity's focus on U.S. expansion to market the Vicinity™ heavy duty mid-size bus, the Vicinity Lightning™ EV and the VMC Optimal EV S1 low floor shuttle bus to new and existing customers.

Vicinity Motor Corp. Expands Strategic U.S. Distribution Partnership with ABC Companies

VANCOUVER, BC / ACCESSWIRE / March 14, 2022 / 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 will release financial results for the fourth quarter ended December 31, 2021, before market open on Wednesday, March 30, 2022. Management will host an investor conference call at 8:30 a.m.

Vicinity Motor Corp. to Report Fourth Quarter 2021 Financial Results on Wednesday, March 30 at 8:30 a.m. Eastern Time

VMC Optimal E1 Chassis to be Upfit into Electric Paratransit Buses VANCOUVER, BC / ACCESSWIRE / March 7, 2022 / 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 has received orders from two additional paratransit bus manufacturers, Diamond Coach and Coach & Equipment, for the VMC Optimal E1 Electric Chassis. Olathe Fleet Solutions ("Olathe"), a commercial truck dealership and fleet management company in Kansas, facilitated the orders for the five VMC Optimal E1 Electric Chassis.

Vicinity Motor Corp. Secures Order for Five VMC Optimal E1 Chassis through Olathe Fleet Solutions

Paradigm to Serve as Vicinity's Exclusive VMC1200 Dealer in Hamilton and Niagara Regions of Ontario VANCOUVER, BC / ACCESSWIRE / February 22, 2022 / 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 has signed a sales and marketing agreement with Paradigm Automotive Corporation ("Paradigm"), an automotive sales, leasing and upfitting company in Ontario, Canada, including an initial CAD$12.0 million order for 100 VMC 1200 Class 3 electric trucks. Paradigm has also been appointed to act as Vicinity's exclusive dealer in the Hamilton and Niagara regions of Ontario.

Vicinity Motor Corp. Receives Order for 100 VMC 1200 EV Trucks from Paradigm Automotive

Vicinity Motor Corp (TSX-V:VMC) said it has signed a sales and marketing agreement with Paradigm Automotive Corp, which includes an initial US$12 million order for 100 VMC 1200 Class 3 electric trucks.  Paradigm, an automotive sales, leasing and upfitting company based in Ontario, Canada, has also been appointed to act as Vicinity's exclusive dealer in the Hamilton and Niagara regions of Ontario.

Vicinity Motor wins US$12M order for 100 VMC 1200 electric trucks

Vicinity Motor Corp. (TSX-V:VMC) has announced the receipt of an initial C$2.6 million grant from Sustainable Development Technology Canada (SDTC), a foundation created by the Canadian government, for the development of zero-emission transit busses. SDTC helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions.

Vicinity Motor receives C$2.6M to support Calgary transit fleet electrification efforts

Sustainable Development Technology Canada provides $2.6 million grant to support the development of the new Vicinity Lightning EV bus VANCOUVER, BC / ACCESSWIRE / February 8, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of an initial C$2,570,000 million grant from Sustainable Development Technology Canada (SDTC), a foundation created by the Canadian government, for the development of zero-emission transit busses. SDTC helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions.

Vicinity Motor Corp. Receives $2.6 Million to Support Calgary Transit Fleet Electrification Efforts

Workhorse Group

EV penny stocks for your February watch list. The post 3 Top EV Penny Stocks To Watch For February 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

3 Top EV Penny Stocks To Watch For February 2022

Vicinity Motor Corp (NASDAQ: VEV) has signed a sales and marketing agreement with Skydome Auto and Truck Centre Inc, an automotive dealer and service center in Ontario, Canada. The agreement includes an initial order for 50 VMC 1200 Class 3 electric trucks.

Vicinity Bags Order From Skydome For 50 EV Trucks

Vicinity Motor Corp said it has signed a sales and marketing agreement with Skydome Auto and Truck Centre Inc, an automotive dealer and service center in the Greater Toronto Area of Ontario, Canada, including an initial order for 50 VMC 1200 Class 3 electric trucks. Skydome has also been appointed to act as Vicinity's exclusive dealer in the City of Brampton, a part of the Greater Toronto region in Ontario, Canada, it added.

Vicinity Motor signs sales and marketing agreement with Skydome Auto and Truck Centre, including an initial order for 50 VMC 1200 Class 3 electric trucks

Skydome to Act as Vicinity's Exclusive Dealer in Brampton, Ontario VANCOUVER, BC / ACCESSWIRE / February 1, 2022 / 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 has signed a sales and marketing agreement with Skydome Auto and Truck Centre Inc. ("Skydome"), an automotive dealer and service center in the Greater Toronto Area of Ontario, Canada, including an initial order for 50 VMC 1200 Class 3 electric trucks. Skydome has also been appointed to act as Vicinity's exclusive dealer in the City of Brampton, a part of the Greater Toronto region in Ontario, Canada.

Vicinity Motor Corp. Receives Order for 50 VMC 1200 EV Trucks from Skydome Auto and Truck Centre

VANCOUVER, BC / ACCESSWIRE / January 26, 2022 / 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 investor relations agreement with MarketSmart Communications Inc. pursuant to which MarketSmart will provide Canadian investor relations (IR) services to Vicinity. "Our 2022 near-term commercial electric vehicle sales momentum is accelerating, and we are looking forward to working with MarketSmart to help share our progress with forward-thinking investors throughout Canada," said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. "MarketSmart is a leading Canadian IR firm specializing in results-driven corporate communication services and outreach, and we look forward to working with the MarketSmart team to inform and engage with our Canadian shareholders and prospective investors.

Vicinity Motor Corp. Appoints MarketSmart Communications to Provide Canadian Investor Relations Services

The company is building an EV production facility in the USA that is set to open in the first half of 2022. Vicinity forecasts that its sales and EBITDA could soar to more than C$140 million ($112.1 million) and to over C$10 million ($8 million) in 2022, respectively.

Vicinity Motor Looks Cheap Based On 2022 Forecasts, It's My Top Pick In EV Space

Vicinity Motor Corp. (TSX-V:VMC) has secured a C$14 million order from Pioneer Auto Group, a leading retail automotive dealer in British Columbia, for 100 VMC 1200 Class 3 electric trucks.  Pioneer also has been appointed to act as Vicinity's exclusive dealer in the province of British Columbia.

Vicinity Motor secures C$14M order from Pioneer Auto Group for 100 VMC 1200 Class 3 electric trucks

Pioneer Auto Group to Act as Vicinity's Exclusive Dealer in British Columbia VANCOUVER, BC / ACCESSWIRE / January 19, 2022 / 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 has secured a CAD $14 million order from Pioneer Auto Group ("Pioneer"), a leading retail automotive dealer in British Columbia, for 100 VMC 1200 Class 3 electric trucks. The Pioneer Group has been appointed to act as VMC's exclusive dealer in the province of British Columbia - this follows a previous letter of intent.

Vicinity Motor Corp. Receives $14 Million Order for VMC 1200 EV Trucks from Pioneer Auto Group

Proterra Inc (NASDAQ: PTRA) has signed a multi-year supply agreement to power Vicinity Motor Corp's (NASDAQ: VEV) electric transit buses and work trucks with its battery technology. The financial terms were not disclosed.

Proterra Inks Battery Supply Agreement With Vicinity Motor

Vicinity Motor Corp. (TSX-V:VMC) announced a new collaboration with Proterra Inc, a leading innovator in commercial vehicle electrification technology, to power its electric transit buses and work trucks with its industry-leading battery technology. Under a new, multi-year supply agreement, Vancouver-based Vicinity said the Proterra battery systems will power its Vicinity Lightning 28-foot electric transit bus and its strip chassis platform to support several commercial vehicle configurations such as utility trucks, shuttle buses, and box trucks.

Vicinity Motor says Proterra battery technology to power its electric transit buses and work trucks

Proterra and Vicinity Motor Corp. announce multi-year supply agreement to power the Vicinity Lightning™ and strip chassis platform for commercial electric vehicles with Proterra battery technology Multi-year agreement expected to support next-generation heavy-duty electric transit bus as well as Class 3 and 5 work trucks Includes battery supply for a minimum of 600 Vicinity commercial electric vehicles through 2024 Production of the Proterra Powered™ Vicinity Lightning vehicle expected to begin in Q3 2022 VANCOUVER, BC and BURLINGAME, CA / ACCESSWIRE / January 13, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity"), a North American supplier of commercial electric vehicles, and Proterra Inc (NASDAQ:PTRA) ("Proterra"), a leading innovator in commercial vehicle electrification technology, today announced a new collaboration to power Vicinity's electric transit buses and work trucks with Proterra's industry-leading battery technology. Under a new, multi-year supply agreement, Proterra battery systems will power the Vicinity Lightning 28-foot electric transit bus and Vicinity's strip chassis platform to support several commercial vehicle configurations such as utility trucks, shuttle buses, and box trucks.

Proterra Battery Technology to Power Vicinity Motor Corp. Electric Transit Buses and Work Trucks

Vicinity Motor Corp. (TSX-V:VMC) has announced the receipt of a new C$3.5 million purchase order from North American private transit operator First Transit Inc for eight Vicinity Classic buses. Vancouver-based Vicinity said the 35-foot clean-diesel buses are due for delivery in 2022 and will service the city of Yellowknife in Canada's Northwest Territories.

News for Vicinity Motor Corp Stock (VEV)