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Electrameccanica Vehicles Corp. (SOLO)
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Electrameccanica Vehicles Corp. Income Statement 2023-2011 | SOLO
Brief overview of profit and loss at Electrameccanica Vehicles Corp.
The overview follows changes across a five-year period. The revenue attributed to Electrameccanica Vehicles Corp. moved from 600 thousand dollars to 608 thousand dollars between the two endpoints. The total change was +1.4%, with a CAGR of approximately 0.3%. Sales changed only slightly and remained broadly flat.
The gross result shifted from 156 thousand dollars to −941 thousand dollars, or −703.5%. The gross margin was 26% at the start and −154.7% at the end. The contraction points to pressure from direct costs or weaker pricing power.
Over the period, EBITDA shifted from −$13 million to −$51.6 million, a change of −296.3%. EBITDA lagged revenue, showing weaker operating momentum. At the operating-margin level, the figure shifted from −2168.8% to −8473.2%. A lower EBITDA share weakens the quality of the result.
Across the five years, the net result shifted from −7.7 million dollars to −57.6 million dollars. The loss widened and increased the financial risk.
Summary assessment
The current trajectory does not yet confirm a sustainable recovery. The main areas of concern are pressure on operating profitability, weak sales momentum and limited gross profitability. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Electrameccanica Vehicles Corp.
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | - | 222 M | 449 M | 74.2 M | 35.1 M | - | - | - | - | - | - | - |
Shares |
119 M | 119 M | 112 M | 58.4 M | 36 M | 26.6 M | 21.8 M | 16.3 M | 25.8 M | - | - | - | - |
Historical Prices |
- | - | 1.99 | 7.69 | 2.06 | 1.32 | - | - | - | - | - | - | - |
Net Income |
-57.6 M | -124 M | -38.8 M | -63 M | -23.2 M | -7.75 M | -11.4 M | -8.97 M | -996 K | - | - | - | - |
Revenue |
608 K | 6.81 M | 2.1 M | 569 K | 586 K | 600 K | 109 K | - | - | - | - | - | - |
Cost of Revenue |
- | 33.1 M | 4.33 M | 699 K | 488 K | 444 K | - | - | - | - | - | - | - |
Gross Profit |
-941 K | -26.3 M | -2.23 M | -131 K | 98 K | 156 K | - | - | - | - | - | - | - |
Operating Income |
-55 M | -110 M | -58.3 M | -27.2 M | -20.6 M | -13 M | - | - | - | - | - | - | - |
Interest Expense |
-2.13 M | -44.8 K | 175 K | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-51.6 M | -104 M | -54.8 M | -27.2 M | -20.6 M | -13 M | - | -8.92 M | -993 K | - | - | - | - |
Operating Expenses |
54.1 M | 84 M | 58.6 M | 27.1 M | 20.7 M | 13.2 M | 9.53 M | 8.94 M | 994 K | - | - | - | - |
General and Administrative Expenses |
32.5 M | 39.8 M | 28.2 M | 15.8 M | 11.6 M | 4.24 M | 4.35 M | 5.93 M | 487 K | - | - | - | - |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Income Statement Electrameccanica Vehicles Corp.
| 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
119 M | 119 M | 119 M | - | 119 M | 119 M | 118 M | 112 M | 114 M | 113 M | 104 M | 58.4 M | 69.9 M | 46 M | 37 M | 36 M | 37 M | 36.9 M | 33 M | 26.6 M | 26.7 M | 24.6 M | 25.3 M | 21.8 M | - | - | - | 16.3 M | - | - | - | 25.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-18.8 M | -12.9 M | -12.3 M | - | -21.5 M | -20.3 M | -17.8 M | -41.3 M | -12.8 M | -11.4 M | -181 K | -63 M | -11.2 M | -9.34 M | -1.42 M | -23.2 M | - | - | - | -7.75 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
608 K | 104 K | 504 K | - | 1.44 M | 1.55 M | 1.04 M | 2.1 M | 110 K | 299 K | 184 K | 569 K | 246 K | 12 K | 86.9 K | 586 K | - | - | - | 600 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
- | 1.31 M | 408 K | - | 2.4 M | 3.43 M | 2.94 M | 4.33 M | 111 K | 254 K | 216 K | 699 K | 238 K | 28 K | 124 K | 488 K | - | - | - | 444 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
522 K | -1.2 M | 96.8 K | - | -955 K | -1.88 M | -1.9 M | -2.23 M | -514 | 45.1 K | -32 K | -131 K | 7.66 K | -16 K | -37.4 K | 98 K | - | - | - | 156 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-14 M | -13.5 M | -13.7 M | - | -21.9 M | -20.3 M | -18.1 M | -60.8 M | -17.2 M | -15.3 M | -8.93 M | -27.2 M | -6.59 M | -4.42 M | -5.14 M | -20.6 M | - | - | - | -13 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
69.3 K | -1.47 M | -24.4 K | - | 455 K | 264 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-11.4 M | -11.8 M | -12.8 M | - | -21.9 M | -20.3 M | -18.1 M | -60.8 M | -17.2 M | -15.3 M | -8.93 M | -27.2 M | -6.59 M | -4.42 M | -5.14 M | -20.6 M | - | - | - | -13 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
14.5 M | 12.3 M | 13.8 M | - | 21 M | 18.4 M | 16.2 M | 58.6 M | 17.2 M | 15.4 M | 8.9 M | 27.1 M | 6.59 M | 4.4 M | 5.1 M | 20.7 M | - | - | - | 13.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
6.33 M | 8.12 M | 8.88 M | - | 11.3 M | 9.76 M | 8.61 M | 31.1 M | 7.35 M | 6.09 M | 2.77 M | 15.8 M | 1.85 M | 1.55 M | 1.64 M | 11.6 M | - | - | - | 4.24 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
Select metrics to display
All numbers in USD currency
The income statement is one of the three key financial reports of a company Electrameccanica Vehicles Corp. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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