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.