Tag: vmc

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Vicinity Motor Corp. to Report Second Quarter 2021 Results on Wednesday, August 11 at 4:30 p.m. Eastern Time

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Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $223 MCAD
Stock price at time of publication: $7,22 CAD ( reverse split price 2,40 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $485 MCAD
Website: https://vicinitymotorcorp.com/

Vicinity Motor Corp, a leading supplier of electric, CNG and clean diesel vehicles, today announced that it will release financial results for the second quarter ended June 30, 2021, after market close on Wednesday, August 11, 2021.

Management will host an investor conference call at 4:30 p.m. Eastern time on August 11, 2021 to discuss Vicinity’s second quarter 2021 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:

Q2 2021 Conference Call and Webcast

Date: Wednesday, August 11, 2021
Time: 4:30 p.m. Eastern time
U.S./Canada Dial-in: 1-877-300-8521
International Dial-in: 1-412-317-6026
Conference ID: 10159285
Webcast: http://public.viavid.com/index.php?id=146136

Please dial in at least 10 minutes before the start of the call to ensure timely participation.

A playback of the call will be available through Saturday, September 11, 2021. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally. Please use the replay pin number 10159285. A webcast will also be available by clicking here: Vicinity Q2 2021 Webcast.

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We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

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VICINITY MOTORS ANNOUNCES $6 MILLION CONTRACT FOR 15 VICINITY BUSES !

by esgfireat400786Leave a Comment on VICINITY MOTORS ANNOUNCES $6 MILLION CONTRACT FOR 15 VICINITY BUSES !

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , US OTC SOON to be up listed at Nasdaq
Ticker: VMC.V (previously BUS ,) BUSXF at US OTC
Market cap at time of publication: $225 MCAD
Stock price at time of publication: $7,67 CAD ( reverse split price 2,55 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $500 MCAD
Website: https://www.grandewest.com/

The latest large order announced today (19/4) by Vicinity Motors is for 15 CNG buses from a leading Canadian provincial public transportation provider. The 30-foot Vicinity™ buses are powered by compressed natural gas (“CNG”). VMC says they expect delivery of the buses in the first half of 2022 which further strengthens the backlog of the company since revenues are recognized upon delivery of vehicles.

The company issued the following statement with the press release:

“We are pleased to have secured this substantial supply agreement with one of our long term transit customers. We continue to leverage our strong brand reputation throughout the Canadian market to sell CNG buses and position ourselves for wider adoption of clean tech vehicle offerings in the future,” said William Trainer, President and Chief Executive Officer of VMC. “We will continue to strive towards expanding market adoption of our clean-burning CNG and fully electric bus lines, driving forward the transition to a more sustainable public transportation system. I look forward to continued operational execution in the months ahead, helping to create long-term value for our shareholders.”

ESG Comment: We find it very promising that VMC already has another order worth 23 % of the entire revenues for 2020 booked for 2022. The company strangely enough continues to trade at a considerable discount to peers. The evaluation right now if the turnover for 2021 stays at $50MUSD with no further orders delivered as of today would be 3 X sales for 2021. In comparison their peer Greenpower motor has an evaluation right now of 33 X sales for 2021. Vicinity Motors Corp has also recently announced several impressive contracts and agreements which may increase sales in 2021 and beyond to a higher level than I’ve previously mentioned

Legal Disclaimer:

I own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.