Vicinity Motor Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Operating Revenue	24.04	13.65	13.17	38.2	16.25	15.37
Other Revenue	5.59	5.4	5.31	3.51	3.31	3.63
Revenue	29.64	19.05	18.48	41.71	19.55	19
Revenue Growth (YoY)	65.18%	3.11%	-55.70%	113.30%	2.90%	-63.00%
Cost of Revenue	26.09	16.91	18.04	37.47	16.98	15.66
Gross Profit	3.55	2.14	0.44	4.24	2.58	3.34
Selling, General & Admin	9.79	9.73	9.53	7.81	4.52	5.58
Amortization of Goodwill & Intangibles	0.88	0.86	2.57	0.87	0.48	0.48
Operating Expenses	11.6	11.52	13.48	10.04	5.74	6.56
Operating Income	-8.05	-9.39	-13.04	-5.8	-3.16	-3.22
Interest Expense	-6.08	-5.04	-2.26	-0.72	-0.55	-0.54
Currency Exchange Gain (Loss)	0.05	1.73	-3.25	-0.34	0.55	-0.04
Other Non Operating Income (Expenses)	0.72	0.61	-	-	-	-
EBT Excluding Unusual Items	-13.37	-12.09	-18.55	-6.86	-3.16	-3.8
Asset Writedown	-5.04	-5.04	-	-	-	-
Other Unusual Items	0.49	0.49	0.8	-	-	-
Pretax Income	-17.92	-16.63	-17.75	-6.86	-3.16	-3.8
Income Tax Expense	-	-	0.2	0.46	0.08	0.05
Net Income	-17.92	-16.63	-17.95	-7.32	-3.24	-3.84
Net Income to Common	-17.92	-16.63	-17.95	-7.32	-3.24	-3.84
Shares Outstanding (Basic)	46	46	40	31	26	24
Shares Outstanding (Diluted)	46	46	40	31	26	24
Shares Change (YoY)	8.31%	15.02%	28.62%	19.68%	6.29%	-2.73%
EPS (Basic)	-0.39	-0.36	-0.45	-0.24	-0.13	-0.16
EPS (Diluted)	-0.39	-0.36	-0.45	-0.24	-0.13	-0.16
Free Cash Flow	-22.51	-26.59	-20.19	-2.94	-6.07	-3.17
Free Cash Flow Per Share	-0.49	-0.58	-0.51	-0.10	-0.24	-0.13
Gross Margin	11.97%	11.21%	2.38%	10.15%	13.18%	17.60%
Operating Margin	-27.17%	-49.27%	-70.57%	-13.91%	-16.18%	-16.92%
Profit Margin	-60.46%	-87.31%	-97.15%	-17.56%	-16.55%	-20.23%
Free Cash Flow Margin	-75.96%	-139.60%	-109.29%	-7.06%	-31.05%	-16.69%
EBITDA	-6.99	-8.5	-10.57	-4.56	-2.67	-2.66
EBITDA Margin	-23.58%	-44.61%	-57.21%	-10.94%	-13.64%	-14.02%
D&A For EBITDA	1.06	0.89	2.47	1.24	0.5	0.55
EBIT	-8.05	-9.39	-13.04	-5.8	-3.16	-3.22
EBIT Margin	-27.17%	-49.27%	-70.57%	-13.91%	-16.18%	-16.92%
Revenue as Reported	29.64	19.05	18.48	41.71	19.55	19

Source: S&P Global Market Intelligence. Standard template. Financial Sources.