174 delivered Q4: 139 buses, 35 trucksWell, well not quite 250 but:
The key to understanding the numbers is that Joliet is in germination stage. The field has been tilled, seeded, fertilized and now being assiduously irrigated. Lots of expenses but harvest is yet to come.
St Jerome is a tenth of Joliet in capacity. Yet it delivered eleven times more! 160 vs 14! Says it all.
Order book remains at $575m. That does not mean stagnant growth. New orders, for now, have replaced deliveries.
Capex remaining for 2023 is $45m. Cash on hand is $88m
Let's see how the stock opens in NY. Market sentiment was entirely negative in Europe/Asia. NY futures also in the red until moments ago.
One number I keep in mind is $2.54 USD. The December offering was completely soaked up including the over-allotment.
Cheers!