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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEVMQ

Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, as well as the VMC 1200 electric truck to the transit and industrial markets. Its geographic segments include United Stated, and Canada. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. The Company’s subsidiaries include Vicinity Motor (Bus) USA Corp., and Vicinity Motor (Bus) Corp.


TSXV:VMC - Post by User

Bullboard Posts
Post by ConfidentDDon Apr 05, 2018 12:31pm
279 Views
Post# 27836664

Sell on news.

Sell on news. Terrible call.  

Caught up in the mire of Buy America audits, they dont yet have one delivered.  And it might be 2 or 3  this quarter.  Where is the US growth then?  Is it in public transit or private markets. 

Also, shelved the crossover which was supposed to be a contender in US markets - cutaways especially.  

Basically, they rolled existing inventory from Q4 into Q1 and now need to manufacture 80 buses a quarter just to meet their 240 deliveries this year.  

Gross margins to be flat yoy this year.  US pricing to be competitive which suggests low/no margins.  

No forward guidance on sales.  Just innuendo.  

So, this stock isnt going to move much.  They'll be reporting Q1 in July.  

Very disappointing.  Betting they thought it went 'awesome'  

GL
Bullboard Posts