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Electrameccanica Vehicles Corp

Company price
None USD 0.00(0%)
Last update at 2024-04-25T10:22:47.849085Z
Market Cap
43.18M

Momentum Score

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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.

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52 Week Price Range
0.35
Low
1.15
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
-
Dividend Yield
-
Revenue TTM
3.40M
Revenue Per Share
0.03
Gross Profit TTM
-26.26M
Debt / Equity
0.14
ROE
-80.44%
Net Debt
-115.92M
ROCE
-76.04%
Diluted EPS TTM
-0.92

Key Financials*

Income Statement

Balance Sheet

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 -123.67M -41.33M -63.08M -23.61M -7.37M
Minority interest - - - 0.00M 0.00M
Net income -123.70M -41.33M -63.05M -23.53M -7.37M
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 -26.26M -2.23M -0.13M 0.10M 0.15M
Reconciled depreciation 5.82M 4.25M 1.60M 0.82M 0.20M
Ebit -110.30M -60.80M 9.24M -20.91M -12.38M
Ebitda -89.36M -75.41M 10.84M -19.95M -12.17M
Depreciation and amortization 20.94M -14.61M 1.60M 0.96M 0.20M
Non operating income net other 2.32M - - 0.00M 0.00M
Operating income -110.30M -60.80M 9.24M -20.91M -12.38M
Other operating expenses 109.52M 62.73M 27.70M 21.50M 12.95M
Interest expense 28.49M 38.33M -0.17M 2.85M 0.00M
Tax provision 0.02M 0.00M -0.03M -0.10M -0.00M
Interest income 2.30M 0.27M - 0.10M 6.82M
Net interest income 2.30M 0.27M 0.17M 0.10M 0.00M
Extraordinary items - - - 0.00M 0.00M
Non recurring 7.59M - - 0.00M 0.00M
Other items - - - 0.00M 0.00M
Income tax expense 0.02M 0.00M -0.03M -0.08M -0.00M
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 -13.38M 19.47M -72.32M -2.70M 5.01M
Discontinued operations - - - 0.00M 0.00M
Net income from continuing ops -123.70M -41.33M -63.05M -30.74M -10.04M
Net income applicable to common shares -123.70M -41.33M -63.05M -23.21M -7.75M
Preferred stock and other adjustments - - - 0.00M 0.00M
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
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 - - - 0.00M 0.00M
Other current liab 15.55M 5.56M 2.46M 1.13M -0.23M
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 -272.81M -151.65M -110.33M -47.55M -23.03M
Other liab 0.20M 0.36M 18.02M 5.46M 3.48M
Good will 0.00M - 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
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 -115.92M -220.04M -128.37M -7.37M -13.89M
Short term debt 0.81M 0.39M 0.58M 0.46M 0.00M
Short long term debt - - - 0.00M 0.01M
Short long term debt total 18.34M 1.89M 1.08M 1.12M 0.00M
Other stockholder equity 395564470.00M 22.51M 122.68M 0.00M 0.00M
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 - - - 0.00M 0.00M
Net tangible assets 127.33M 242.17M 121.71M 13.67M 15.88M
Short term investments - - - 0.00M 0.00M
Net receivables 0.27M 0.37M 0.21M 0.34M 0.87M
Long term debt - - - 0.00M 0.00M
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 - - - 0.00M 0.00M
Noncontrolling interest in consolidated entity - - - 0.00M 0.00M
Temporary equity redeemable noncontrolling interests - - - 0.00M 0.00M
Accumulated other comprehensive income 4.57M 22.51M 20.95M 11.10M 5.62M
Additional paid in capital - - - 0.00M 0.00M
Common stock total equity 395.56M - 212.06M 66.57M 46.62M
Preferred stock total equity - - - 0.00M 0.00M
Retained earnings total equity -272.81M - - 0.00M 0.00M
Treasury stock - - - 0.00M 0.00M
Accumulated amortization - - - 0.00M 0.00M
Non currrent assets other 5.60M 1.45M 0.18M 0.14M 0.08M
Deferred long term asset charges - - - 0.00M 0.00M
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 0.00M
Long term debt total - - - 0.86M 0.00M
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 -3.40M -4.79M -1.40M -3.72M -4.29M
Change to liabilities 1.87M 4.54M 0.39M 0.76M 0.05M
Total cashflows from investing activities -3.40M -4.79M -1.40M -2.81M -3.31M
Net borrowings - -0.74M -0.41M -0.47M -1.26M
Total cash from financing activities 0.38M 157.68M 138.93M 14.03M 22.19M
Change to operating activities -4.67M -10.40M 0.33M -3.07M -1.07M
Net income -123.70M -41.33M -63.05M -23.53M -7.37M
Change in cash -87.45M 92.48M 120.89M -5.99M 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 -84.41M -60.42M -22.49M -17.23M -11.44M
Issuance of capital stock 0.00M 145.61M 126.39M 11.25M 23.38M
Depreciation 5.82M 4.25M 1.60M 0.82M 0.20M
Other cashflows from investing activities - -0.15M 0.00M -0.06M -0.09M
Dividends paid - 0.00M 0.00M 0.00M 0.00M
Change to inventory -14.66M -4.71M 0.01M -0.25M -0.13M
Change to account receivables 79361.00M -0.32M 0.18M 0.87M -0.95M
Sale purchase of stock -0.11M - - 18.97M 31.85M
Other cashflows from financing activities 0.49M 12.84M 13.02M 3.26M -3.15M
Change to netincome 28.10M -12.45M 38.05M 7.38M -2.60M
Capital expenditures 3.40M 4.64M 1.40M 2.79M 3.07M
Change receivables 0.08M - - 0.00M 0.00M
Cash flows other operating 18.07M - - 0.00M 0.00M
Exchange rate changes - - - 0.00M 0.00M
Cash and cash equivalents changes -87.43M - - 0.00M 0.00M
Change in working capital -17.38M -10.90M 0.91M -1.97M -1.80M
Stock based compensation 4.99M 5.18M 6.26M 5.38M 3.18M
Other non cash items 45.86M -0.27M 31.82M 2.16M -5.66M
Free cash flow -87.81M -65.06M -23.89M -20.02M -14.51M

Peer Comparison*

Sector: Consumer Cyclical Industry: Auto Manufacturers

Stock Name
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)
TSLA
Tesla Inc
13.86
4.03%
357.55 333.25 149.25 13.59 16.32 13.42 115.59
TM
Toyota Motor Corporation ADR
-1.92
0.88%
216.19 8.55 11.15 0.00 0.95 1.28 7.65
TOYOF
Toyota Motor Corp
-0.31
1.43%
21.39 8.26 11.49 0.00 0.98 1.28 7.65
BYDDY
BYD Co Ltd ADR
0.06
0.64%
9.45 27.15 20.49 0.18 3.56 1.12 7.45

Profile*

Electrameccanica Vehicles Corp

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.

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

604 428 7656

104

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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