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GreenPower Reports Revenue of $39.3 Million for Fiscal 2024
GreenPower Motor Company (Nasdaq: GP) reported fiscal 2024 revenue of $39.3 million, a slight decrease from $39.7 million in the prior year. Gross profit stood at $5.36 million with a cost of sales totaling $33.91 million.
The company expanded its manufacturing capabilities in California and West Virginia, delivering its first all-electric school buses from the new West Virginia facility. GreenPower sold 222 electric vehicles, including various models of the EV Star and school buses. The company also secured a $5 million term loan and entered new markets through an expanded dealer network.
Significant investments were made in the GP Truck Body division, developing new truck designs like the EV Star Utility Truck and EV Star REEFERX. GreenPower aims to grow school bus deliveries in the current fiscal year based on existing backlog and demand.
The company earned the “2023 Green Car Product of Excellence” for its EV Star Cab & Chassis and completed a nine-month school bus pilot program in West Virginia.
The company expanded its manufacturing capabilities in California and West Virginia, delivering its first all-electric school buses from the new West Virginia facility. GreenPower sold 222 electric vehicles, including various models of the EV Star and school buses. The company also secured a $5 million term loan and entered new markets through an expanded dealer network.
Significant investments were made in the GP Truck Body division, developing new truck designs like the EV Star Utility Truck and EV Star REEFERX. GreenPower aims to grow school bus deliveries in the current fiscal year based on existing backlog and demand.
The company earned the “2023 Green Car Product of Excellence” for its EV Star Cab & Chassis and completed a nine-month school bus pilot program in West Virginia.
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