Vicinity Motor Corp. (VEV)

Vicinity Motor Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	29.63	19.05	18.48	41.71	19.55	24.65
Revenue Growth (YoY)	65.17%	3.11%	-55.70%	113.30%	-20.67%	-64.83%
Cost of Revenue	26.09	16.91	18.04	37.47	16.98	20.31
Gross Profit	3.55	2.14	0.44	4.24	2.58	4.34
Selling, General & Admin	9.79	9.73	9.53	7.81	4.52	7.24
Other Operating Expenses	6.85	6.83	3.95	2.23	1.22	1.27
Operating Expenses	16.64	16.56	13.48	10.04	5.74	8.51
Operating Income	-13.09	-14.42	-13.04	-5.8	-3.16	-4.17
Interest Expense / Income	6.08	5.04	2.26	0.72	0.55	0.7
Other Expense / Income	-1.26	-2.83	2.45	0.34	-0.55	0.06
Pretax Income	-17.92	-16.63	-17.75	-6.86	-3.16	-4.93
Income Tax	0	0	0.2	0.46	0.08	0.06
Net Income	-17.92	-16.63	-17.95	-7.32	-3.24	-4.99
Shares Outstanding (Basic)	46	46	40	31	26	24
Shares Outstanding (Diluted)	46	46	40	31	26	24
Shares Change	0.56%	15.02%	28.62%	19.68%	6.29%	-2.73%
EPS (Basic)	-0.39	-0.36	-0.45	-0.24	-0.13	-0.21
EPS (Diluted)	-0.39	-0.36	-0.45	-0.24	-0.13	-0.21
Free Cash Flow	-22.5	-26.58	-19.94	-2.21	-5.85	-3.81
Free Cash Flow Per Share	-0.49	-0.58	-0.50	-0.07	-0.23	-0.16
Gross Margin	11.96%	11.21%	2.38%	10.15%	13.18%	17.60%
Operating Margin	-44.17%	-75.71%	-70.57%	-13.91%	-16.18%	-16.92%
Profit Margin	-60.46%	-87.31%	-97.15%	-17.56%	-16.55%	-20.22%
Free Cash Flow Margin	-75.91%	-139.52%	-107.92%	-5.31%	-29.92%	-15.46%
EBITDA	-10.24	-10.18	-12.52	-4.9	-1.88	-3.21
EBITDA Margin	-34.56%	-53.43%	-67.78%	-11.75%	-9.60%	-13.03%
Depreciation & Amortization	1.59	1.42	2.97	1.24	0.74	1.01
EBIT	-11.84	-11.6	-15.49	-6.14	-2.62	-4.23
EBIT Margin	-39.94%	-60.88%	-83.83%	-14.73%	-13.37%	-17.14%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).