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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

Comment by MrAnswerson Jan 05, 2021 5:06pm
126 Views
Post# 32229051

RE:RE:RE:News Release UPDATE = COPY

RE:RE:RE:News Release UPDATE = COPYI agree any sales announcement is a good one but these guys have not had many sales announcements which is not sustainable for the long term. Other than that 1 contract last February they have only announced the odd contract for 5 busses here and there. Considering they still lose money most quarters that is not a sustainable business model. Given busses only have a finite lifespan a bus manufacturer should be able to generate a consistent and sustainable sales pipeline as the various transit authorities around north america continue to update and replace their aging fleet. To date BUS has not played a big roll in that other than with BC Transit which is not enough to make the business profitable. So, unless you want them to continue to issue equity to survive they need a sales pipeline that is consistent and sustainable for their business model. I hope we get some more sales announcements in the future to pay for the new facility they are building and the debt that matures in March.
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