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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

Post by Mongooseon Apr 19, 2021 6:11pm
212 Views
Post# 33026348

New sale for 15 busses

New sale for 15 busses I don't know if anyone noticed but even with 7 mths left in the year, this order will only be filled in the first half of 2022. If they can't fill this order to count for fiscal 2021, surely there is no hope that any future orders can be shipped either. That means we can only count on revenue for the 100 busses shipped in Q1 and Q2 and I think orders for about 20-25 busses that we got earlier that we can ship in 2021. So basically Q3 and Q4 are going to have really bad revenue. 

Yes, the market looks at backlog going into 2022 but in the short term Q3 and Q4 will have downward pressure on the SP.
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