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Earnings Call Summary | Vicinity Motor(VEV.US) Q4 2023 Earnings Conference

Earnings Call Summary | Vicinity Motor(VEV.US) Q4 2023 Earnings Conference

業績電話會議摘要 | Vicinity Motor (VEV.US) 2023 年第四季度業績發佈會
富途資訊 ·  04/03 07:21  · 電話會議

The following is a summary of the Vicinity Motor Corp. (VEV) Q4 2023 Earnings Call Transcript:

以下是Vicinity Motor Corp.(VEV)2023年第四季度業績電話會議記錄的摘要:

Financial Performance:

財務業績:

  • Vicinity Motor Corp. reported Q4 revenue of $5.1 million, a significant increase from $2 million for the same period in 2022, primarily due to the sale of 11 buses.

  • Q4 gross loss improved to $0.4 million or negative 9% of revenue compared to a gross loss of $0.6 million, or negative 28% of revenue, in Q4 2022.

  • Net loss in Q4 2023 was $9.1 million, or negative $0.20 per share, compared to a net loss of $3.8 million, or negative $0.08 per share, in Q4 2022.

  • Cash and cash equivalents as of December 31, 2023 totaled $2 million.

  • Vicinity Motor Corp. 公佈的第四季度收入爲510萬美元,較2022年同期的200萬美元大幅增加,這主要是由於出售了11輛公共汽車。

  • 第四季度的總虧損提高至40萬美元,佔收入的負9%,而2022年第四季度的總虧損爲60萬美元,佔收入的負28%。

  • 2023年第四季度的淨虧損爲910萬美元,合每股虧損0.20美元,而2022年第四季度的淨虧損爲380萬美元,合每股虧損0.08美元。

  • 截至2023年12月31日,現金及現金等價物總額爲200萬美元。

Business Progress:

業務進展:

  • In Q4 2023, Vicinity focused on expanding their VMC 1200 dealership network in Canada, delivering electric trucks and transit buses.

  • 11 transit buses were sold and 71 additional VMC 1200 electric trucks were invoiced to dealership customers, expected to be recognized in H1 2024.

  • Several new VMC 1200 dealership partners were announced in Canada.

  • Vicinity, in partnership with ADASTEC, created an automated version of the Vicinity Lightning EV transit bus, with initial deployments planned for mid-2024.

  • The company reported a robust order backlog exceeding US$125 million as of December 31, 2023, with increasing production to meet demand.

  • 2023年第四季度,Vicinity專注於擴大其在加拿大的VMC 1200經銷商網絡,提供電動卡車和公交巴士。

  • 售出了11輛公交車,另外71輛VMC 1200電動卡車向經銷商客戶開具了發票,預計將在2024年上半年獲得認可。

  • 加拿大宣佈了幾個新的VMC 1200經銷商合作伙伴。

  • Vicinity與ADASTEC合作開發了Vicinity Lightning電動公交車的自動化版本,並計劃在2024年中期進行初步部署。

  • 該公司報告稱,截至2023年12月31日,積壓的強勁訂單超過1.25億美元,並增加了產量以滿足需求。

More details: Vicinity Motor IR

更多詳情: 鄰近馬達紅外

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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