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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 Nov 25, 2021 11:30am
184 Views
Post# 34165262

RE:RE:RE:$4.58

RE:RE:RE:$4.58 7% margin on that revenue as they only guided for $10mil in EBITDA and the unfortunate part of that cash is that a lot of it came from diluting existing shareholders and issuing debt so not worth as much as you may think. Obviously this thing looks a lot better now than it did 6 months ago as the share price has cratered assuming they can hit their guidance but they need to start filling the pipeline for 2023 now or you will see a similar run up and collapse as we did at the start of this year.
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