Vicinity Motor Corp V.VMC

Alternate Symbol(s): VEV

Industrials

Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company is engaged in the production and sale of buses and spare parts in North America. It leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its electric chassis alongside J.B. Poindexter business unit EAVX, which is the Company's partner, for upfitting into delivery vehicles. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. Its geographic segments include United Stated and Canada. The Company’s subsidiaries include Vicinity Motor (Bus) USA Corp. and Vicinity Motor (Bus) Corp.

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Vicinity Motor Corp > Discripency

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Comment by sorrensonon Apr 06, 2024 2:57pm

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Post# 35974975

RE:RE:Discripency

So lack of clear guidance , Investors should not need to play Whack a Mole ..Gee I wonder why the stock is in the toilet....

okgonow wrote:
subaru1 wrote: In their corporate presentation 12-02-2024 they mention that they will deliver over 1000 Vmc1200 by the end of 2024 and iat the CC they said 325 Vmc1200 to be deliver in 2024 ??? That is quite of a difference when you look at the projection revenue for 2024.
325 Vmc1200 at $146,000 = $47 millions
1000 Vmc1200 at $146,000 = $146 millions

At the CC they mention that they will deliver around 100 bus
The backlog of over $125 millions is mainly truck so what will be the story for 2024 ???

Very confusing. They also have over $30 millions of inventory are they finished good product or all kind of pieces.

could they have possibly meant that they will have delivered 1000 VMC 1200 since they started to build them., as in all time ?? just a guess