Earnings Call Summary | Vicinity Motor(VEV.US) Q1 2024 Earnings Conference
Earnings Call Summary | Vicinity Motor(VEV.US) Q1 2024 Earnings Conference
The following is a summary of the Vicinity Motor Corp. (VEV) Q1 2024 Earnings Call Transcript:
以下是Vicinity Motor Corp.（VEV）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Vicinity Motor Corp reported a significant increase in Q1 2024 revenue to $13.2 million, which is a 400% increase from Q1 2023.
Gross profit for Q1 2024 was $1.9 million, equating to 14% of revenue, a decrease in percentage from Q1 2023 which had an 18% gross profit percentage.
The company faced a net loss of $3.7 million in Q1 2024, an increase in loss compared to Q1 2023.
Cash and cash equivalents showed positive growth, increasing to $4.3 million by the end of March 2024.
There is approximately $28 million worth of inventory that needs to be converted into cash.
Vicinity Motor Corp報告稱，2024年第一季度收入大幅增長至1,320萬美元，比2023年第一季度增長400％。
2024年第一季度的毛利爲190萬美元，相當於收入的14％，比2023年第一季度的毛利百分比下降了18％。
該公司在2024年第一季度面臨370萬美元的淨虧損，與2023年第一季度相比虧損有所增加。
現金和現金等價物出現正增長，到2024年3月底增至430萬美元。
大約有2,800萬美元的庫存需要轉換爲現金。
Business Progress:
業務進展：
The company expanded its operations by incorporating four new dealership partners in Q1 2024 to meet the increasing demand for VMC 1200.
The company delivered 44 VMC 1200 trucks and 22 Vicinity Classic transit buses during Q1 2024, positively impacting revenue generation from operations.
Vicinity Motor Corp is focusing on increasing vehicle sales through production streamlining and focusing on their Vicinity Classic and Lighting bus lines as well as the VMC 1200 truck.
They have plans to enter the US market with a formal launch of Vicinity Lightning bus and VMC 1200 truck.
By the end of March 2024, Vicinity Motor had a sizable backlog exceeding US$125 million.
該公司擴大了業務，在2024年第一季度成立了四個新的經銷商合作伙伴，以滿足對VMC 1200不斷增長的需求。
該公司在2024年第一季度交付了44輛VMC 1200卡車和22輛Vicinity Classic公交車，對運營創收產生了積極影響。
Vicinity Motor Corp專注於通過精簡生產來增加汽車銷量，專注於其Vicinity Classic和Lighting公交線路以及VMC 1200卡車。
他們計劃通過正式推出Vicinity Lightning巴士和VMC 1200卡車進入美國市場。
到2024年3月底，Vicinity Motor的積壓量相當大，超過1.25億美元。
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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譯文內容由第三人軟體翻譯。