Vicinity Motor Corp designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada.
infoVicinity Motor is a micro cap stock with a total market cap of 46.35M.
infoThey trade on the NASDAQ and had their IPO 7 years and 4 months ago.
infoVicinity Motor currently employs 60 people.
infoAs of Wednesday, Aug 23 2023, Vicinity Motor’s share price is $1.015.
News Relating to Vicinity Motor
Seeking Alpha
Vicinity Motor Corp. (VEV) Q2 2023 Earnings Call Transcript
Monday Aug 14 2023 at 19:28
Vicinity Motor Corp. (NASDAQ:VEV ) Q2 2023 Results Conference Call August 14, 2023 4:30 PM ET Company Participants William Trainer – Founder and CEO Dan Buckle – CFO Conference Call Participants Poe Fratt – Alliance Global Partners Robin Cornwell – Catalyst Research Operator Greetings, and welcome to the Vicinity Motor Corp.’s Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Accesswire
Vicinity Motor Corp. to Report Second Quarter 2023 Financial Results on Monday, August 14 at 4:30 p.m. Eastern Time
Tuesday Aug 08 2023 at 16:15
VANCOUVER, BC / ACCESSWIRE / August 8, 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 second quarter ended June 30, 2023 after market close on Monday, August 14, 2023. Management will host an investor conference call at 4:30 p.m.
Accesswire
Vicinity Motor Corp. to Present at 13th Annual LD Micro Invitational
Tuesday May 23 2023 at 08:31
Management to Present at 10:30 a.m. Pacific Time on June 6, 2023 VANCOUVER, BC / ACCESSWIRE / May 23, 2023 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced that management will present at the 13th Annual LD Micro Invitational on Tuesday, June 6, 2023 at the Luxe Sunset Boulevard Hotel in Los Angeles, California.
Proactive Investors
Vicinity Motor secures purchase order for buses from Transdev
Wednesday May 17 2023 at 08:23
Vicinity Motor Corp. (TSX-V:VMC) said it has secured a new purchase order for Vicinity Classic buses from global mobility leader Transdev Canada Inc. The company said Transdev has placed an order for forty-two 32-foot clean-diesel Vicinity Classic buses, with delivery scheduled for 2024.
Seeking Alpha
Vicinity Motor Corp. (VEV) Q1 2023 Earnings Call Transcript
Monday May 15 2023 at 22:49
Vicinity Motor Corp. (NASDAQ:VEV ) Q1 2023 Earnings Conference Call May 15, 2023 4:30 PM ET Company Participants William Trainer – Founder and CEO Danial Buckle – CFO Conference Call Participants Poe Fratt – Alliance Global Partners Robin Cornwell – Catalyst Equity Research Operator Greetings and welcome to the Vicinity Motor Corp. First Quarter 2023 Corporate Update Conference Call. At this time, all participants are in a listen-only mode.
Accesswire
Vicinity Motor Corp. to Report First Quarter 2023 Financial Results on Monday, May 15 at 4:30 p.m. Eastern Time
Monday May 08 2023 at 08:31
VANCOUVER, BC / ACCESSWIRE / May 8, 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 first quarter ended March 31, 2023 after market close on Monday, May 15, 2023. Management will host an investor conference call at 4:30 p.m.
Proactive Investors
Vicinity Motor highlights achievements in ‘transformational’ 2022
Thursday Mar 30 2023 at 16:57
Vicinity Motor said 2022 was a transformational year for the electric vehicle supplier with the introduction of its highly-configurable VMC 1200 electric truck. In a statement accompanying its fourth quarter and full year 2022 financial results, Vicinity CEO William Trainer said during 2022 the company expanded its capabilities beyond its strong legacy in transit buses into the significant class 3 vehicle market with the introduction of the VMC 1200 electric truck for which it began initial customer deliveries in the fourth quarter.
Proactive Investors
Vicinity Motor closes private placement of unsecured convertible debentures for gross proceeds of C$4M
Tuesday Mar 28 2023 at 07:24
Vicinity Motor Corp. (TSX-V:VMC) has announced the closing of a non-brokered private placement of unsecured convertible debentures for gross proceeds of C$4 million. Net proceeds from the private placement will be deployed to accelerate vehicle production and deliveries in the company’s existing US$150 million order backlog, Vicinity said.
Accesswire
Vicinity Motor Corp. to Report Fourth Quarter 2022 Financial Results on Thursday, March 30 at 4:30 p.m. Eastern Time
Monday Mar 27 2023 at 08:31
VANCOUVER, BC / ACCESSWIRE / March 27, 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 fourth quarter and full year ended December 31, 2022, after market close on Thursday, March 30, 2023. Management will host an investor conference call at 4:30 p.m.
Proactive Investors
Vicinity Motor to accelerate vehicle deliveries with C$3.6M convertible debenture financing
Wednesday Mar 22 2023 at 08:16
Vicinity Motor Corp. (TSX-V:VMC) said it has received commitments for a non-brokered private placement of unsecured convertible debentures for gross proceeds of C$3.6 million. “This private placement – supported by strategic investors with a lead order from Focus Asset Management – will accelerate production and deliveries, allowing us to monetize our US$150 million order backlog sooner,” said William Trainer, founder and chief executive officer of Vicinity Motor in a statement.
Proactive Investors
Vicinity Motor commences operations in Ferndale, Washington
Monday Mar 13 2023 at 09:11
Vicinity Motor Corp. (TSX-V:VMC) announced it has received a Certificate of Occupancy from the City of Ferndale, Washington, for its newly constructed, state-of-the-art, 100,000-square-foot Manufacturing Campus, enabling Vicinity to begin operations at the site immediately. Vehicle assembly at Ferndale is expected to begin in the first half of 2023, the company said in a statement.
Seeking Alpha
Vicinity Motor: Elevated Execution Risk And High Likelihood Of Additional Dilution – Sell
Friday Mar 03 2023 at 11:54
Company remains in the early innings of its intended transition to BEVs. Ongoing supply chain issues have caused management to suspend guidance.
Proactive Investors
Vicinity Motor partners with Dealer Solutions Mergers and Acquisitions to expand North America dealer network
Thursday Feb 23 2023 at 10:12
Vicinity Motor Corp said it has signed a dealer network development services agreement with Dealer Solutions Mergers and Acquisitions (DSMA) to enhance North American market penetration for its industry-leading, Class 3 VMC 1200 all-electric trucks. The company said, per the terms of the services agreement, DSMA will assist it in identifying and establishing dealer performance criteria, metrics, and guidelines for selecting and prioritizing dealership opportunities, setting the strategy for “early adopters”, prioritizing geographic focus and helping define opportunities to enter different markets or introduce new vehicle offerings.
Proactive Investors
Vicinity Motor Corp’s EV truck manufacturing boosted by new financing
Tuesday Feb 21 2023 at 09:40
Vicinity Motor Corp. (TSX-V:VMC) has secured US$30 mln from the Royal Bank of Canada (TSX:RY) and the Export Development Canada to support the production of the VMC 1200 class 3 electric truck. The company, in a statement, said the facility carries an interest rate of prime plus 2%, and is secured on Vicinity’s assets and enables the VMC 1200 to advance.
Proactive Investors
Vicinity Motor partners with RBC and Export Development Canada to finance production of VMC 1200 EV trucks
Wednesday Jan 04 2023 at 08:18
Vicinity Motor Corp. (TSX-V:VMC) announced it has secured US$30 million in credit commitments from Royal Bank of Canada (RBC) and Export Development Canada (EDC) to fund the production of the company’s VMC 1200 class 3 electric truck. The Vancouver-based commercial electric vehicle (EV) maker said the credit commitment is designed for use with the VMC 1200 all-electric class 3 truck and can be used for up to 100% of eligible production costs on the vehicle, excluding labor and overheads from its assembly plants.
Proactive Investors
Vicinity Motor partners with Omega Liquid Waste Solutions to upfit VMC 1200 for commercial vacuum applications
Tuesday Dec 06 2022 at 09:28
Vicinity Motor Corp. (TSX-V:VMC) announced it has partnered with Québec-based Omega Liquid Waste Solutions to upfit and resell the company’s VMC 1200 Class 3 Electric Truck with a vacuum system for sewer, septic tank and grease trap cleaning. The company said Omega has purchased and is upfitting a VMC 1200 with its vacuum solution that will be showcased at the Water & Wastewater Equipment, Treatment & Transport (WWETT) Show.
Seeking Alpha
Vicinity Motor Corp. (VEV) Q3 2022 Earnings Call Transcript
Tuesday Nov 15 2022 at 21:46
Vicinity Motor Corp. (NASDAQ:VEV ) Q3 2022 Earnings Conference Call November 15, 2022 4:30 PM ET Company Participants William Trainer – Founder and Chief Executive Officer Dan Buckle – Chief Financial Officer Conference Call Participants Poe Fratt – Alliance Global Partners Robin Cornwall – Catalyst Research Operator Greetings, and welcome to the Vicinity Motor Corp. Third Quarter 2022 Corporate Update Conference Call. At this time all participants are in a listen-only mode.
Proactive Investors
Vicinity Motor rounds out its 3Q with an order backlog exceeding $190M, the vast majority for electric vehicles
Tuesday Nov 15 2022 at 12:44
Vicinity Motor Corp said it rounded out the third quarter with a current order backlog exceeding $190 million, the vast majority of which is for electric vehicles (EVs). While reporting financial results for the 3Q ended September 30, the Vancouver-based commercial EV maker said it secured a further US$100 million plus purchase order for 1,000 VMC 1200 electric trucks from Pioneer Auto Group, Vicinity’s exclusive dealer in British Columbia, with initial deliveries to the customer starting in November this year.
Proactive Investors
Vicinity Motor reveals positive construction update on its Washington State manufacturing facility
Wednesday Nov 09 2022 at 09:33
Vicinity Motor Corp. (TSX-V:VMC) has provided an update on the construction of its new manufacturing facility in Ferndale, Washington, saying it anticipates production will begin in the first quarter of 2023. The North American supplier of commercial electric vehicles said the property, which is located near the company’s Aldergrove, British Columbia headquarters, was built to accommodate both buses and trucks, with a capacity of up to 1,000 buses per year or up to 10,000 trucks at the projected maximum production rate.
Accesswire
Vicinity Motor Corp. to Present at LD Micro Main Event XV
Tuesday Oct 18 2022 at 08:31
VANCOUVER, BC / ACCESSWIRE / October 18, 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 management has been invited to present at the LD Micro Main Event XV in Los Angeles, California. Management is scheduled to participate in one-on-one investor meetings throughout the day and will give a formal presentation followed by a question & answer session as follows: LD Micro Main Event XV Date: Tuesday, October 25, 2022 Location: Los Angeles, CA Presentation Time: 9:00 a.m.
InvestorPlace
5 Investors Betting Big on Vicinity Motor (VEV) Stock
Monday Oct 17 2022 at 14:19
Shares of Vicinity Motor (NASDAQ: VEV ) stock are up by more than 10% after the electric vehicle (EV) maker received a $100 million+ purchase order from Pioneer Auto Group, its exclusive dealer in British Columbia, Canada. The order consists of 1,000 VMC 1200 Class 3 electric trucks.
InvestorPlace
Why Is Vicinity Motor (VEV) Stock Up 8% Today?
Monday Oct 17 2022 at 10:48
Vicinity Motor (NASDAQ: VEV ) stock is taking off on Monday after the electric vehicle (EV) company announced a massive new order. Pioneer Auto Group is behind this order with a request for more than $100 million worth of the company’s VMC 1200 Class 3 Electric Trucks.
Proactive Investors
Vicinity Motor Corp wins order worth more than $100M for the supply of VMC 1200 electric trucks
Monday Oct 17 2022 at 08:21
Vicinity Motor Corp. (TSX-V:VMC) has announced the receipt of a purchase order (PO) for 1,000 VMC 1200 Class 3 Electric Trucks from Pioneer Auto Group, Vicinity’s exclusive dealer in the province of British Columbia, Canada. The order, which exceeds $100 million in revenue, will see Vicinity delivering a minimum of 1,000 units of the electric trucks by the end of 2023, with deliveries expected to commence this month.
Proactive Investors
Vicinity Motor to supply four Vicinity Lightning electric buses for use at Honolulu International Airport
Thursday Oct 06 2022 at 10:37
Vicinity Motor Corp said it has received an order from its strategic partner Sustainability Partners LLC (SP) for four Vicinity Lightning electric buses via its Pacific Islands distributor Soderholm Sales & Leasing Inc for use at Honolulu International Airport. The company said the State of Hawaii Department of Transportation will utilize SP’s Electric Vehicles as a Service (EVaaS) program to finance the conversion of traditional government fleets to Vicinity’s electric vehicles.
InvestorPlace
Vicinity Motor (VEV) Stock Is Up 10%. It Just Delivered Electric Trucks.
Wednesday Oct 05 2022 at 10:52
Shares of Vicinity Motor (NASDAQ: VEV ) are surging higher after the company announced that it had commenced deliveries of its VMC 1200 Class 3 electric truck. In another boost to VEV stock, Vicinity also announced that advance orders were higher than expected.
Proactive Investors
Vicinity Motor set to deliver first Canadian commercial electric trucks; sets company up as leader in EV sector
Tuesday Oct 04 2022 at 17:01
Vicinity Motor Corp. (TSX-V:VMC) said it has begun deliveries of the first Class 3 electric truck to roll off the assembly line in Canada, with advance orders for the VMC 1200 far exceeding its expectations. Vicinity Motor CEO William Trainer said his company’s VMC 1200 truck will help British Columbia and Canada become leaders in the EV sector, while supporting ambitious government targets for net-zero transportation, local job growth, and economic diversification.
Proactive Investors
Vicinity Motor announces distribution agreement with TOK Group for VMC 1200 Class 3 electric trucks
Tuesday Aug 16 2022 at 09:16
Vicinity Motor Corp. (TSX-V:VMC), a North American supplier of commercial electric vehicles, said it has signed a distribution agreement with the TOK Group to offer the VMC 1200 Class 3 electric trucks for sale. Under the new agreement, TOK will distribute Vicinity’s VMC 1200 Class 3 electric trucks throughout the York Region of the Greater Toronto Area, adding to the Canadian transportation solutions provider’s portfolio of expertise in electric vehicle sales.
Seeking Alpha
Vicinity Motor Corp.’s (VEV) CEO William Trainer on Q2 2022 Results – Earnings Call Transcript
Monday Aug 15 2022 at 19:35
Vicinity Motor Corp. (NASDAQ:VEV ) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants William Trainer – Founder and Chief Executive Officer Dan Buckle – Chief Financial Officer Conference Call Participants Chris Souther – B. Riley Robin Cornwell – Catalyst Research Operator Greetings and welcome to the Vicinity Motor Corp.’s Second Quarter 2022 Corporate Update Conference Call.
Proactive Investors
Vicinity Motor ends its second quarter with US$90 million in order backlog
Monday Aug 15 2022 at 17:03
Vicinity Motor Corp. (TSX-V:VMC) saw an increase in sales of electric vehicles in second quarter 2022, with orders for US$90 million in buses and other medium to heavy zero emissions vehicles. William Trainer, CEO of Vicinity Motor Corp. (TSX-V:VMC) said the second quarter of 2022 was marked by additional sales and distribution wins for the company’s portfolio of electric vehicles, which he said further validated the transition to electric vehicles.
Accesswire
Vicinity Motor Corp. to Report Second Quarter 2022 Financial Results on Monday, August 15 at 4:30 p.m. Eastern Time
Tuesday Aug 02 2022 at 08:31
VANCOUVER, BC / ACCESSWIRE / August 2, 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 second quarter ended June 30, 2022, after market close on Monday, August 15, 2022. Management will host an investor conference call at 4:30 p.m.
Vicinity Motor Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Vicinity Motor’s Altman Z-score is -0.45 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
Vicinity Motor Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, there has been no insider trading in Vicinity Motor.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Vicinity Motor’s Income Quality of 1.28 is greater than its Industry Group of 0.98 (30.6% greater)
Vicinity Motor’s Income Quality of 1.28 is greater than its Major Industry Group of 0.88 (45.5% greater)
Vicinity Motor’s Income Quality of 1.28 is greater than its Sector of 0.75 (70.7% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Vicinity Motor’s Current Ratio of 1.28 is lower than its Industry Group of 1.8 (-28.9% lower)
Vicinity Motor’s Current Ratio of 1.28 is lower than its Major Industry Group of 1.81 (-29.3% lower)
Vicinity Motor’s Current Ratio of 1.28 is lower than its Sector of 2.6 (-50.8% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Cannot compare a negative PE Ratio (-3.22 & -0.28)
Cannot compare a negative PE Ratio (-3.22 & -0.28)
Cannot compare a negative PE Ratio (-3.22 & -0.4)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Vicinity Motor’s PB Ratio of 1.36 is in line with its Industry Group of 1.43 (-4.9% lower)
Vicinity Motor’s PB Ratio of 1.36 is lower than its Major Industry Group of 1.67 (-18.6% lower)
Vicinity Motor’s PB Ratio of 1.36 is lower than its Sector of 1.62 (-16.0% lower)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Vicinity Motor’s ROE of -0.42 is lower than its Industry Group of 0.03 (-1500.0% lower)
Cannot compute a percentage difference when there are zeros in the calculation
Vicinity Motor’s ROE of -0.42 is lower than its Sector of -0.03 (-1300.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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Vicinity Motor’s ROCE of -0.23 is lower than its Industry Group of 0.05 (-560.0% lower)
Vicinity Motor’s ROCE of -0.23 is lower than its Major Industry Group of 0.01 (-2400.0% lower)
Vicinity Motor’s ROCE of -0.23 is lower than its Sector of -0.04 (-475.0% lower)
Derived from SEC.GOV filing dataopen_in_new