Vicinity Motor Corp. (VEV)
NASDAQ: VEV · IEX Real-Time Price · USD
0.740
+0.019 (2.58%)
May 2, 2024, 2:19 PM EDT - Market open
Vicinity Motor Revenue
In the year 2023, Vicinity Motor had annual revenue of $14.32M with 6.21% growth. Revenue in the quarter ending December 31, 2023 was $3.83M with 157.80% year-over-year growth.
Revenue (ttm)
$14.32M
Revenue Growth
+6.21%
P/S Ratio
2.23
Revenue / Employee
$251,286
Employees
57
Market Cap
33.79M USD
Revenue Chart
* The company reports in CAD currency but revenue data is shown in USD.
Revenue History
| Fiscal Year End | Revenue | Change | Growth |
|---|---|---|---|
| Dec 31, 2023 | 14.32M | 837.91K | 6.21% |
| Dec 31, 2022 | 13.49M | -19.10M | -58.61% |
| Dec 31, 2021 | 32.58M | 17.25M | 112.46% |
| Dec 31, 2020 | 15.34M | -3.48M | -18.49% |
| Dec 31, 2019 | 18.82M | -33.09M | -63.75% |
| Dec 31, 2018 | 51.91M | - | - |
Sources: Historical revenue is based on company filings submitted to the U.S. Securities and Exchange Commission (SEC). The most recent revenue numbers may be taken from company press releases.
Revenue Definition
Revenue, also called sales, is the amount of money a company receives from its business activities, such as sales of products or services. Revenue does not take any expenses into account and is therefore different from profits.
Full DefinitionRelated Stocks
| Company Name | Revenue |
|---|---|
| Cenntro Electric Group | 22.08M |
| LOBO EV Technologies | 20.95M |
| ECD Automotive Design | 19.90M |
| Workhorse Group | 13.09M |
| Phoenix Motor | 3.12M |
| Envirotech Vehicles | 2.86M |
| Ayro, Inc. | 498.92K |
VEV News
- 6 hours ago - Vicinity Motor Corp. Secures VMC 1200 Distribution Agreement with RJames Vicinity Truck in British Columbia, Canada - Accesswire
- 8 days ago - Vicinity Motor Corp. Receives Additional 180 Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule - Accesswire
- 14 days ago - Brent Phillips to Lead Next Phase of Growth at Vicinity Motor Corp. - Accesswire
- 14 days ago - Vicinity Motor Corp. Announces CAD$2 Million Loan - Accesswire
- 4 weeks ago - Vicinity Motor Corp. Reports Fourth Quarter and Full Year 2023 Financial Results - Accesswire
- 4 weeks ago - Vicinity Motor Corp. Issues DSUs - Accesswire
- 5 weeks ago - Vicinity Motor Corp. Reschedules Fourth Quarter and Full Year 2023 Financial Results Conference Call to Tuesday, April 2 at 4:30 p.m. Eastern Time - Accesswire
- 6 weeks ago - Vicinity Motor Corp. to Report Fourth Quarter and Full Year 2023 Financial Results on Thursday, March 28 at 4:30 p.m. Eastern Time - Accesswire