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Electrameccanica Vehicles Corp

Consumer Cyclical US SOLO

NoneUSD
-(-%)

Last update at 2024-04-25T10:22:47.849085Z

Day Range

--
LowHigh

52 Week Range

0.351.15
LowHigh

Fundamentals

  • Previous Close -
  • Market Cap43.18M
  • VolumeNone
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-74.82618M
  • Revenue TTM3.40M
  • Revenue Per Share TTM0.03
  • Gross Profit TTM -26.25534M
  • Diluted EPS TTM-0.92

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -123.67496M -41.32599M -63.07946M -23.61465M -7.37121M
Minority interest - - - 0.00000M 0.00000M
Net income -123.69851M -41.32684M -63.04691M -23.53442M -7.36999M
Selling general administrative 39.76M 26.81M 15.09M 11.57M 7.22M
Selling and marketing expenses 14.66M 10.41M 2.53M 1.33M 1.02M
Gross profit -26.25534M -2.23391M -0.13093M 0.10M 0.15M
Reconciled depreciation 5.82M 4.25M 1.60M 0.82M 0.20M
Ebit -110.29841M -60.79557M 9.24M -20.91028M -12.37741M
Ebitda -89.35713M -75.40650M 10.84M -19.94889M -12.17285M
Depreciation and amortization 20.94M -14.61092M 1.60M 0.96M 0.20M
Non operating income net other 2.32M - - 0.00000M 0.00000M
Operating income -110.29841M -60.79557M 9.24M -20.91028M -12.37741M
Other operating expenses 109.52M 62.73M 27.70M 21.50M 12.95M
Interest expense 28.49M 38.33M -0.16971M 2.85M 0.00000M
Tax provision 0.02M 0.00085M -0.03255M -0.10480M -0.00167M
Interest income 2.30M 0.27M - 0.10M 6.82M
Net interest income 2.30M 0.27M 0.17M 0.10M 0.00000M
Extraordinary items - - - 0.00000M 0.00000M
Non recurring 7.59M - - 0.00000M 0.00000M
Other items - - - 0.00000M 0.00000M
Income tax expense 0.02M 0.00085M -0.03255M -0.08023M -0.00122M
Total revenue 6.81M 2.10M 0.57M 0.59M 0.57M
Total operating expenses 76.45M 58.40M 27.00M 21.01M 12.53M
Cost of revenue 33.07M 4.33M 0.70M 0.49M 0.42M
Total other income expense net -13.37655M 19.47M -72.31808M -2.70437M 5.01M
Discontinued operations - - - 0.00000M 0.00000M
Net income from continuing ops -123.69851M -41.32684M -63.04691M -30.74231M -10.03815M
Net income applicable to common shares -123.69851M -41.32684M -63.04691M -23.21270M -7.74531M
Preferred stock and other adjustments - - - 0.00000M 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 181.25M 252.85M 145.75M 23.18M 21.64M
Intangible assets 0.01M - 0.42M 0.41M 0.40M
Earning assets - - - - -
Other current assets 11.39M 14.43M 5.04M 5.04M 1.67M
Total liab 53.92M 9.71M 23.08M 8.67M 4.83M
Total stockholder equity 127.33M 243.14M 122.68M 14.52M 16.82M
Deferred long term liab - - - 0.00000M 0.00000M
Other current liab 15.55M 5.56M 2.46M 1.13M -0.22569M
Common stock 395.56M 372.28M 212.06M 50.97M 34.23M
Capital stock 395.56M 372.28M 212.06M 50.97M 34.23M
Retained earnings -272.80517M -151.65399M -110.32716M -47.55220M -23.03451M
Other liab 0.20M 0.36M 18.02M 5.46M 3.48M
Good will 0.00000M - 0.55M 0.54M 0.91M
Other assets 1.68M 1.45M 0.14M 0.14M 0.08M
Cash 134.26M 221.93M 129.45M 8.49M 13.90M
Cash and equivalents - - - - -
Total current liabilities 36.20M 7.85M 4.56M 2.59M 1.34M
Current deferred revenue 16.04M 0.65M 0.52M 0.47M 0.30M
Net debt -115.91658M -220.04074M -128.37490M -7.37221M -13.89155M
Short term debt 0.81M 0.39M 0.58M 0.46M 0.00457M
Short long term debt - - - 0.00208M 0.00623M
Short long term debt total 18.34M 1.89M 1.08M 1.12M 0.00457M
Other stockholder equity 395564470.00M 22.51M 122.68M 0.00000M 0.00000M
Property plant equipment 16.45M 10.12M 9.29M 7.71M 3.90M
Total current assets 150.15M 240.31M 135.31M 14.44M 16.74M
Long term investments - - - 0.00000M 0.00000M
Net tangible assets 127.33M 242.17M 121.71M 13.67M 15.88M
Short term investments - - - 0.00000M 0.00000M
Net receivables 0.27M 0.37M 0.21M 0.34M 0.87M
Long term debt - - - 0.00000M 0.00000M
Inventory 4.23M 3.58M 0.61M 0.57M 0.31M
Accounts payable 3.79M 1.25M 1.00M 0.53M 1.26M
Total permanent equity - - - 0.00000M 0.00000M
Noncontrolling interest in consolidated entity - - - 0.00000M 0.00000M
Temporary equity redeemable noncontrolling interests - - - 0.00000M 0.00000M
Accumulated other comprehensive income 4.57M 22.51M 20.95M 11.10M 5.62M
Additional paid in capital - - - 0.00000M 0.00000M
Common stock total equity 395.56M - 212.06M 66.57M 46.62M
Preferred stock total equity - - - 0.00000M 0.00000M
Retained earnings total equity -272.80517M - - 0.00000M 0.00000M
Treasury stock - - - 0.00000M 0.00000M
Accumulated amortization - - - 0.00000M 0.00000M
Non currrent assets other 5.60M 1.45M 0.18M 0.14M 0.08M
Deferred long term asset charges - - - 0.00000M 0.00000M
Non current assets total 31.09M 12.54M 10.44M 8.74M 4.90M
Capital lease obligations 18.34M 1.89M 1.08M 1.46M 0.00000M
Long term debt total - - - 0.86M 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -3.39897M -4.78670M -1.39907M -3.72145M -4.29145M
Change to liabilities 1.87M 4.54M 0.39M 0.76M 0.05M
Total cashflows from investing activities -3.39897M -4.78670M -1.39907M -2.80710M -3.31123M
Net borrowings - -0.73581M -0.41407M -0.47224M -1.25598M
Total cash from financing activities 0.38M 157.68M 138.93M 14.03M 22.19M
Change to operating activities -4.67172M -10.40157M 0.33M -3.07093M -1.07099M
Net income -123.69851M -41.32684M -63.04691M -23.53442M -7.36999M
Change in cash -87.44870M 92.48M 120.89M -5.99500M 7.57M
Begin period cash flow 222.22M 129.45M 8.56M 14.49M 6.32M
End period cash flow 134.77M 221.93M 129.45M 8.49M 13.90M
Total cash from operating activities -84.41033M -60.41816M -22.48663M -17.22608M -11.44144M
Issuance of capital stock 0.00000M 145.61M 126.39M 11.25M 23.38M
Depreciation 5.82M 4.25M 1.60M 0.82M 0.20M
Other cashflows from investing activities - -0.14788M 0.00096M -0.05577M -0.08542M
Dividends paid - 0.00000M 0.00000M 0.00000M 0.00000M
Change to inventory -14.66427M -4.71416M 0.00688M -0.25218M -0.13468M
Change to account receivables 79361.00M -0.32099M 0.18M 0.87M -0.94655M
Sale purchase of stock -0.10619M - - 18.97M 31.85M
Other cashflows from financing activities 0.49M 12.84M 13.02M 3.26M -3.15077M
Change to netincome 28.10M -12.44578M 38.05M 7.38M -2.59949M
Capital expenditures 3.40M 4.64M 1.40M 2.79M 3.07M
Change receivables 0.08M - - 0.00000M 0.00000M
Cash flows other operating 18.07M - - 0.00000M 0.00000M
Exchange rate changes - - - 0.00000M 0.00000M
Cash and cash equivalents changes -87.42843M - - 0.00000M 0.00000M
Change in working capital -17.38324M -10.89682M 0.91M -1.97243M -1.80250M
Stock based compensation 4.99M 5.18M 6.26M 5.38M 3.18M
Other non cash items 45.86M -0.27042M 31.82M 2.16M -5.65850M
Free cash flow -87.80930M -65.05698M -23.88666M -20.01865M -14.51094M

Peer Comparison

Sector: Consumer Cyclical Industry: Auto Manufacturers

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
SOLO
Electrameccanica Vehicles Corp
- -% - - 4.73 13.07 0.52 0.13 0.16
TSLA
Tesla Inc
8.86 4.10% 224.85 45.91 67.57 5.67 8.35 12.42 58.23
TOYOF
Toyota Motor Corp
-0.21 1.05% 19.76 8.97 9.44 0.0059 1.11 0.0097 0.05
TM
Toyota Motor Corporation ADR
-0.69 0.35% 196.51 8.97 9.29 0.006 1.10 0.0097 0.05
BYDDY
BYD Co Ltd ADR
1.43 2.42% 60.56 19.10 14.08 0.13 4.01 0.12 1.91

Reports Covered

Stock Research & News

Profile

Electrameccanica Vehicles Corp. develops, manufactures, and sells electric vehicles in the United States and Canada. Its flagship product is the SOLO, a single seat vehicle. The company is also developing four-wheeled eRoadster and Tofino. In addition, it provides services, repairs, and support services, as well as sale of parts and custom built vehicles. The company sells its vehicles through direct-to-consumer online marketing, as well as through retail store operations in the States of California, Arizona, and Oregon. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Burnaby, Canada.

Electrameccanica Vehicles Corp

8057 North Fraser Way, Burnaby, BC, Canada, V5J 5M8

Key Executives

Name Title Year Born
Mr. Jerry Kroll Co-Founder & Director 1962
Ms. Baljinder K. Bhullar CGA, CPA, CRM Chief Compliance Officer 1970
Ms. Susan E. Docherty CEO & Interim COO 1963
Mr. Mark Orsmond CA Chief Financial Officer 1968
Dean Anthony Dent II Corp. Sec. & Gen. Counsel NA
Ms. Kim Anne Brink Chief Revenue Officer 1967

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