Vicinity Motor Corp. Reports First Quarter 2024 Financial Results
Vicinity Motor Corp. Reports First Quarter 2024 Financial Results
Company Achieves Positive Cash Flow from Operations in the First Quarter, Driven by 400% Revenue Growth on Deliveries of 44 VMC 1200 All-Electric Trucks and 22 Vicinity Classic Transit Buses
公司在第一季度實現了正的運營現金流,這得益於44輛VMC 1200全電動卡車和22輛鄰近經典公交客車的交付收入增長400%
VANCOUVER, BC / ACCESSWIRE / May 14, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the first quarter ended March 31, 2024.
不列顛哥倫比亞省溫哥華/ACCESSWIRE/2024年5月14日/北美商用電動汽車供應商Vicinity Motor Corp.(納斯達克股票代碼:VEV)(多倫多證券交易所股票代碼:VMC)(“Vicinity” 或 “公司”)今天公佈了截至2024年3月31日的第一季度財務和經營業績。
First Quarter 2024 and Subsequent Operational Highlights
2024 年第一季度及隨後的運營亮點
- Revenue increased 400% to $13.3 million in the first quarter of 2024, primarily driven by the delivery of forty-four (44) VMC 1200 all-electric trucks and twenty-two (22) Vicinity Classic transit buses.
- Cash provided in operating activities in the first quarter of 2024 totaled $0.5 million, as compared to cash used of $3.6 million in the first quarter of 2023.
- Secured a follow on order for twelve (12) Vicinity Classic Clean Diesel Buses from Autobus La Québécoise in Quebec, Canada.
- Order backlog as of March 31, 2024 exceeded $125 million.
- Secured five (5) VMC 1200 distribution agreements to establish new dealerships in strategic markets across Canada, including two (2) new dealerships in Ontario, one (1) new dealership in Quebec, one (1) new dealership in Alberta and one (1) new dealership in British Columbia.
- Promoted Brent Phillips to position of President, starting with an initial strategic plan focused on milestones related to the onshoring of production for the Lightning EV bus to Ferndale, WA, augmenting the Canadian dealer network for the VMC 1200 electric trucks, and the formal launch of the VMC 1200 into the U.S. market.
- 2024年第一季度的收入增長了400%,達到1,330萬美元,這主要是由四十四(44)輛VMC 1200全電動卡車和二十二(22)輛Vicinity Classic公交車的交付所推動。
- 2024年第一季度經營活動中提供的現金總額爲50萬美元,而2023年第一季度使用的現金爲360萬美元。
- 從加拿大魁北克省拉魁北克省的Autobus La Québeíse獲得了十二 (12) 輛Vicinity Classic清潔柴油巴士的後續訂單。
- 截至 2024 年 3 月 31 日,積壓的訂單已超過 1.25 億美元。
- 獲得五(5)份VMC 1200分銷協議,在加拿大各地的戰略市場建立新的經銷商,包括安大略省的兩(2)家新經銷商、魁北克的一(1)家新經銷商、艾伯塔省的一(1)家新經銷商和不列顛哥倫比亞省的一(1)家新經銷商。
- 提拔布倫特·菲利普斯擔任總裁一職,首先制定了初步的戰略計劃,重點是與通往華盛頓州芬代爾的閃電電動客車的上岸生產、擴大VMC 1200電動卡車的加拿大經銷商網絡以及正式向美國市場推出VMC 1200相關的里程碑。
Management Commentary
管理層評論
William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp., said: "The first quarter was marked by a robust cadence of deliveries against our significant backlog driving a positive adjusted EBITDA - reflecting not only continued VMC 1200 demand from our growing network of dealers across Canada - but continued momentum from our market leadership position with transit buses as well.
Vicinity Motor Corp. 創始人兼首席執行官威廉·特雷納表示:“第一季度的交付節奏強勁,而我們的大量積壓訂單推動了調整後的息稅折舊攤銷前利潤爲正數,這不僅反映了加拿大各地不斷增長的經銷商網絡對VMC 1200的持續需求,也反映了我們在公交車領域的市場領導地位的持續勢頭。
"We have found that our established reputation for excellence, built through the sale of nearly 1,000 transit buses since inception, creates a level of trust that allows for a significant competitive advantage. To that end, we secured a follow-on order for 12 Vicinity Classic buses from Autobus La Québécoise in the first quarter. These vehicles are expected to be delivered in 2025 and will service the cities of La Prairie, Candiac, Saint-Philippe, Delson, Saint-Constant and Sainte-Catherine.
“我們發現,自成立以來,我們通過出售近1,000輛公交車建立了卓越的聲譽,建立了一定程度的信任,從而帶來了顯著的競爭優勢。爲此,我們在第一季度從魁北克省汽車公司獲得了12輛Vicinity Classic巴士的後續訂單。這些車輛預計將於2025年交付,並將爲拉普雷裏、坎迪亞克、聖菲利普、德爾森、聖康斯坦和聖凱瑟琳等城市提供服務。
"This positive reputation has also generated strong interest in our VMC 1200 all-electric trucks and to that end, we recently announced several new dealership partners. These include VMC Laval in Laval, Peninsula VMC Truck Centre in South Toronto, Shift EV Trucks in West Toronto, Jack Carter VMC Trucks in Southern Alberta and James Vicinity Truck in Kamloops and Kelowna, British Columbia. These new EV-specific dealerships expand the VMC 1200 sales and service coverage in strategic markets across Canada, leveraging the expertise and built-in customer base that each partner has in their respective regions.
“這種良好的聲譽也引起了人們對我們的VMC 1200全電動卡車的濃厚興趣,爲此,我們最近宣佈了幾家新的經銷商合作伙伴。其中包括位於拉瓦爾的VMC Laval、位於南多倫多的半島VMC卡車中心、西多倫多的換檔電動卡車、位於艾伯塔省南部的傑克·卡特VMC卡車以及位於不列顛哥倫比亞省坎盧普斯和基洛納的詹姆斯鄰里卡車。這些新的電動汽車專用經銷商利用每個合作伙伴在各自地區的專業知識和內在客戶群,擴大了VMC 1200在加拿大戰略市場的銷售和服務範圍。
"Looking ahead, we will continue to actively work to monetize our backlog, including an immediate-term focus on converting our $28+ million of inventory to cash. With a compelling product line, a legacy of excellence, a return to positive adjusted EBITDA and a robust backlog, I believe we are incredibly well positioned for a high level of operational execution in the quarters ahead," concluded Trainer.
“展望未來,我們將繼續積極努力通過積壓的庫存獲利,包括短期內將超過2800萬美元的庫存轉換爲現金。憑藉引人注目的產品線、卓越的傳統、調整後的息稅折舊攤銷前利潤恢復正值和強勁的待辦事項,我相信我們完全有能力在未來幾個季度實現高水平的運營執行,” Trainer總結道。
First Quarter 2024 Financial Results
All figures stated in this press release are in U.S. dollars unless stated otherwise.
2024 年第一季度財務業績
除非另有說明,否則本新聞稿中的所有數字均以美元爲單位。
Revenue in the first quarter of 2024 totaled $13.2 million, as compared to $2.7 million in the first quarter of 2023. The 400% increase in revenue was primarily driven by deliveries of 44 trucks and 22 buses, as compared to deliveries of five trucks and three buses in the fourth quarter of 2023.
2024年第一季度的總收入爲1,320萬美元,而2023年第一季度爲270萬美元。收入增長400%的主要原因是44輛卡車和22輛公共汽車的交付,而2023年第四季度的交付量爲5輛卡車和3輛公共汽車。
Gross profit in the first quarter of 2024 totaled $1.9 million, or 14% of revenue, as compared to $0.5 million, or 18% of revenue, in the first quarter of 2023. Gross margins were positively affected by higher deliveries in 2024 and a higher margin product mix.
2024年第一季度的毛利總額爲190萬美元,佔收入的14%,而2023年第一季度爲50萬美元,佔收入的18%。毛利率受到2024年交付量增加和利潤率更高的產品組合的積極影響。
Cash provided in operating activities in the first quarter of 2024 totaled $0.5 million, as compared to cash used of $3.6 million in the first quarter of 2023.
2024年第一季度經營活動中提供的現金總額爲50萬美元,而2023年第一季度使用的現金爲360萬美元。
Net loss in the first quarter of 2024 totaled $3.7 million, or $(0.08) per share, as compared to a loss of $2.4 million, or $(0.05) per share, in the first quarter of 2023.
2024年第一季度的淨虧損總額爲370萬美元,合每股虧損0.08美元,而2023年第一季度的淨虧損爲240萬美元,合每股虧損0.05美元。
Adjusted EBITDA in the first quarter of 2024 totaled $0.1 million, as compared to a loss of $1.4 million in the first quarter of 2023.
2024年第一季度調整後的息稅折舊攤銷前利潤總額爲10萬美元,而2023年第一季度的虧損爲140萬美元。
Cash and cash equivalents as of March 31, 2024 totaled $4.3 million, as compared to $2.0 million as of December 31, 2023.
截至2024年3月31日,現金及現金等價物總額爲430萬美元,而截至2023年12月31日爲200萬美元。
First Quarter 2024 Results Conference Call
2024 年第一季度業績電話會議
Date: Tuesday, May 14, 2024
Time: 4:30 p.m. Eastern time
U.S./Canada Dial-in: 1-844-850-0545
International Dial-in: 1-412-542-4118
Conference ID: 10188692
Webcast: Vicinity Motor Q1 2024 Webcast
日期:2024 年 5 月 14 日星期二
時間:美國東部時間下午 4:30
美國/加拿大撥號:1-844-850-0545
國際撥號:1-412-542-4118
會議 ID:10188692
網絡直播:Vicinity Motor 2024 年第一季度網絡直播
Please dial in at least 10 minutes before the start of the call to ensure timely participation.
請在通話開始前至少 10 分鐘撥號,以確保及時參與。
A playback of the call will be available through Friday, June 14, 2024. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 10188692. A webcast will also be available by clicking here: Vicinity Motor Q1 2024 Webcast.
該電話會議的重播將持續到2024年6月14日星期五。要收聽,請使用重播密碼10188692,在美國和加拿大境內撥打1-844-512-2921,撥打國際電話時撥打 1-412-317-6671。還將點擊此處觀看網絡直播:Vicinity Motor 2024年第一季度網絡直播。
About Vicinity Motor Corp.
關於 Vicinity Motor
Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, as well as the VMC 1200 electric truck to the transit and industrial markets. For more information, please visit .
Vicinity Motor Corp.(納斯達克股票代碼:VEV)(多倫多證券交易所股票代碼:VMC)(FRA: 6LGA)是一家北美供公共和商業企業使用的電動汽車供應商。該公司利用經銷商網絡和與世界級製造合作伙伴的密切關係,向交通和工業市場供應其旗艦電動、壓縮天然氣和清潔柴油鄰近客車以及VMC 1200電動卡車。欲了解更多信息,請訪問。
Company Contact:
公司聯繫人:
John LaGourgue
VP Corporate Development
604-288-8043
IR@vicinitymotor.com
約翰·拉古格
企業發展副總裁
604-288-8043
IR@vicinitymotor.com
Investor Relations Contact:
投資者關係聯繫人:
Lucas Zimmerman
MZ Group - MZ North America
949-259-4987
VMC@mzgroup.us
盧卡斯·齊默爾曼
MZ 集團-MZ 北美
949-259-4987
VMC@mzgroup.us
Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
TSX-V及其監管服務提供商(該術語在TSX-V的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Cautionary Note Regarding Forward-Looking Statements
關於前瞻性陳述的警示說明
This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
本新聞稿包括適用證券法所指的某些 “前瞻性信息” 和 “前瞻性陳述”(統稱爲 “前瞻性陳述”)。除歷史事實陳述外,此處包含的所有陳述均爲前瞻性陳述。前瞻性陳述通常以 “期望”、“預期”、“相信”、“打算”、“估計”、“潛力”、“可能” 和類似表達方式來識別,或者說 “將”、“可能”、“可能” 或 “應該” 發生或實現的事件、條件或結果 “將”、“可能” 或 “應該” 的陳述。前瞻性陳述涉及各種風險和不確定性。無法保證此類陳述會被證明是準確的,實際結果和未來事件可能與此類陳述中的預期存在重大差異。
Important factors that could cause actual results to differ materially from Vicinity's expectations include uncertainties relating to the economic conditions in the markets in which Vicinity operates, vehicle sales volume, anticipated future sales growth, the success of Vicinity's operational strategies, production prospects at Vicinity's assembly facility in the State of Washington, the success of Vicinity's strategic partnerships; and other risk and uncertainties disclosed in Vicinity's reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Vicinity assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.
可能導致實際業績與Vicinity預期存在重大差異的重要因素包括與Vicinity運營市場的經濟狀況、汽車銷量、預期的未來銷售增長、Vicinity運營戰略的成功、華盛頓州Vicinity裝配廠的生產前景、Vicinity戰略合作伙伴關係的成功;以及Vicinity向相關證券監管機構提交的報告和文件中披露的其他風險和不確定性當局不時地。Vicinity的前瞻性陳述反映了陳述發表之日的信念、觀點和預測。除非法律要求,否則如果前瞻性陳述或信念、觀點、預測或其他因素髮生變化,Vicinity沒有義務對其進行更新。
Non-GAAP Financial Measures
非公認會計准則財務指標
The non-GAAP and other financial measures presented do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be directly comparable to similar measures presented by other issuers. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These non-GAAP and other financial measures should be read in conjunction with our consolidated financial statements.
提出的非公認會計准則和其他財務指標不具有《國際財務報告準則》規定的任何標準化含義,因此不太可能與其他發行人提出的類似指標直接比較。所提供的數據旨在提供額外信息,不應孤立地考慮,也不應作爲根據《國際財務報告準則》編制的績效衡量標準的替代品。這些非公認會計准則和其他財務指標應與我們的合併財務報表一起閱讀。
Non-GAAP financial measure - Adjusted EBITDA
非公認會計准則財務指標——調整後的息稅折舊攤銷前利潤
Adjusted EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company defines adjusted EBITDA as earnings before interest, income taxes, depreciation and amortization, foreign exchange gains or losses, certain non-recurring and/or non-operating income and expenses, and share based compensation. Adjusted EBITDA should not be construed as an alternative for revenue or net loss determined in accordance with IFRS. The Company believes that adjusted EBITDA is a meaningful metric in assessing the Company's financial performance and operational efficiency.
根據國際財務報告準則,調整後的息稅折舊攤銷前利潤沒有任何標準化含義,因此可能無法與其他發行人提出的類似指標進行比較。公司將調整後的息稅折舊攤銷前利潤定義爲扣除利息、所得稅、折舊和攤銷前的收益、外匯損益、某些非經常性和/或非營業收入和支出以及股票薪酬。調整後的息稅折舊攤銷前利潤不應被解釋爲根據國際財務報告準則確定的收入或淨虧損的替代方案。公司認爲,調整後的息稅折舊攤銷前利潤是評估公司財務業績和運營效率的有意義的指標。
The following table reconciles net earnings or losses to Adjusted EBITDA based on the consolidated financial statements of the Company for the periods indicated.
下表根據公司在所述期間的合併財務報表,將淨收益或虧損與調整後的息稅折舊攤銷前利潤進行了對賬。
3 months ended March 31, 2024 |
3 months ended March 31, 2023 |
|||||||
(US dollars in thousands - unaudited) |
$ | $ | ||||||
Net Comprehensive loss |
(3,720 | ) | (2,436 | ) | ||||
Add back |
||||||||
Stock based compensation |
199 | 198 | ||||||
Interest |
1,730 | 683 | ||||||
Change in fair value of embedded derivatives |
(204 | ) | (92 | ) | ||||
Foreign exchange loss (gain) |
1,677 | (6 | ) | |||||
Amortization |
460 | 285 | ||||||
Adjusted EBITDA |
142 | (1,368 | ) |
3 個月已結束 2024 年 3 月 31 日 |
3 個月已結束 2023 年 3 月 31 日 |
|||||||
(千美元——未經審計) |
$ | $ | ||||||
淨綜合虧損 |
(3,720 | ) | (2,436) | ) | ||||
重新添加 |
||||||||
基於股票的薪酬 |
199 | 198 | ||||||
利息 |
1,730 | 683 | ||||||
嵌入式衍生品公允價值的變化 |
(204) | ) | (92) | ) | ||||
外匯損失(收益) |
1,677 | (6) | ) | |||||
攤銷 |
460 | 285 | ||||||
調整後 EBITDA |
142 | (1,368) | ) |
Vicinity Motor Corp.
Consolidated Statements of Financial Position
(Unaudited, In thousands of US Dollars)
鄰近汽車公司
合併財務狀況表
(未經審計,以千美元計)
Note | March 31, 2024 | December 31, 2023 | |||||||
$ | $ | ||||||||
Current Assets |
|||||||||
Cash and cash equivalents |
4,321 | 2,026 | |||||||
Trade and other receivables |
3 | 7,524 | 5,599 | ||||||
Inventory |
4 | 28,234 | 23,273 | ||||||
Prepaids and deposits |
4,530 | 9,748 | |||||||
44,609 | 40,646 | ||||||||
Long-term Assets |
|||||||||
Intangible assets |
9,687 | 9,815 | |||||||
Property, plant, and equipment |
23,535 | 23,734 | |||||||
77,831 | 74,195 | ||||||||
Current Liabilities |
|||||||||
Accounts payable and accrued liabilities |
13,917 | 10,162 | |||||||
Credit facility |
5 | 17,993 | 15,926 | ||||||
Current portion of deferred revenue |
4,371 | 4,429 | |||||||
Current portion of provision for warranty cost |
6 | 680 | 612 | ||||||
Current debt facilities |
7 | 8,543 | 8,499 | ||||||
Convertible debt |
8 | 2,575 | 2,658 | ||||||
Current portion of other long-term liabilities |
9 | 1,563 | 1,222 | ||||||
49,642 | 43,508 | ||||||||
Long-term Liabilities |
|||||||||
Other long-term liabilities |
9 | 9,219 | 9,355 | ||||||
Provision for warranty cost |
6 | 228 | 135 | ||||||
59,089 | 52,998 | ||||||||
Shareholders' Equity |
|||||||||
Share capital |
10 | 76,802 | 76,802 | ||||||
Contributed surplus |
10 | 8,456 | 8,257 | ||||||
Accumulated other comprehensive (loss) income |
1,479 | 413 | |||||||
Deficit |
(67,995 | ) | (64,275 | ) | |||||
18,742 | 21,197 | ||||||||
77,831 | 74,195 |
注意 | 2024 年 3 月 31 日 | 2023 年 12 月 31 日 | |||||||
$ | $ | ||||||||
流動資產 |
|||||||||
現金和現金等價物 |
4,321 | 2,026 | |||||||
貿易和其他應收賬款 |
3 | 7,524 | 5,599 | ||||||
庫存 |
4 | 28,234 | 23,273 | ||||||
預付費和按金 |
4,530 | 9,748 | |||||||
44,609 | 40,646 | ||||||||
長期資產 |
|||||||||
無形資產 |
9,687 | 9,815 | |||||||
不動產、廠房和設備 |
23,535 | 23,734 | |||||||
77,831 | 74,195 | ||||||||
流動負債 |
|||||||||
應付賬款和應計負債 |
13,917 | 10,162 | |||||||
信貸額度 |
5 | 17,993 | 15,926 | ||||||
遞延收入的本期部分 |
4,371 | 4,429 | |||||||
保修費用撥款的當前部分 |
6 | 680 | 612 | ||||||
當前的債務融資 |
7 | 8,543 | 8,499 | ||||||
可轉換債務 |
8 | 2,575 | 2,658 | ||||||
其他長期負債的流動部分 |
9 | 1,563 | 1,222 | ||||||
49,642 | 43,508 | ||||||||
長期負債 |
|||||||||
其他長期負債 |
9 | 9,219 | 9,355 | ||||||
保修費用準備金 |
6 | 228 | 135 | ||||||
59,089 | 52,998 | ||||||||
股東權益 |
|||||||||
股本 |
10 | 76,802 | 76,802 | ||||||
繳款盈餘 |
10 | 8,456 | 8,257 | ||||||
累計的其他綜合(虧損)收益 |
1,479 | 413 | |||||||
赤字 |
(67,995) | ) | (64,275) | ) | |||||
18,742 | 21,197 | ||||||||
77,831 | 74,195 |
Vicinity Motor Corp.
Consolidated Statements of (Loss) Income
(In thousands of US dollars, except for per share amounts)
鄰近汽車公司
合併(虧損)收益表
(以千美元計,每股金額除外)
Note |
For the three months ended
March 31, 2024
|
For the three months ended
March 31, 2023
|
||||||||
$ | $ | |||||||||
Revenue |
||||||||||
Vehicle sales |
13 | 11,858 | 1,467 | |||||||
Other |
13 | 1,376 | 1,182 | |||||||
13,234 | 2,649 | |||||||||
Cost of sales |
4 | (11,351 | ) | (2,176 | ) | |||||
Gross profit |
1,883 | 473 | ||||||||
Expenses |
||||||||||
Sales and administration |
1,968 | 1,913 | ||||||||
Stock-based compensation |
10 | 199 | 198 | |||||||
Amortization |
233 | 213 | ||||||||
Interest and finance costs |
7,8,9 | 1,730 | 683 | |||||||
Change in fair value of embedded derivatives |
8 | (204 | ) | (92 | ) | |||||
Foreign exchange loss (gain) |
1,677 | (6 | ) | |||||||
5,603 | 2,909 | |||||||||
Net loss |
(3,720 | ) | (2,436 | ) | ||||||
Loss per share |
||||||||||
Basic & diluted |
(0.08 | ) | (0.05 | ) | ||||||
Weighted average number of common shares outstanding |
||||||||||
Basic & diluted |
45,667,706 | 45,414,367 |
注意 |
在結束的三個月裏
2024 年 3 月 31 日
|
在結束的三個月裏
2023 年 3 月 31 日
|
||||||||
$ | $ | |||||||||
收入 |
||||||||||
車輛銷售 |
13 | 11,858 | 1,467 | |||||||
其他 |
13 | 1,376 | 1,182 | |||||||
13,234 | 2,649 | |||||||||
銷售成本 |
4 | (11,351) | ) | (2,176) | ) | |||||
毛利潤 |
1,883 | 473 | ||||||||
開支 |
||||||||||
銷售和管理 |
1,968 | 1,913 | ||||||||
基於股票的薪酬 |
10 | 199 | 198 | |||||||
攤銷 |
233 | 213 | ||||||||
利息和財務成本 |
7,8,9 | 1,730 | 683 | |||||||
嵌入式衍生品公允價值的變化 |
8 | (204) | ) | (92) | ) | |||||
外匯損失(收益) |
1,677 | (6) | ) | |||||||
5,603 | 2,909 | |||||||||
淨虧損 |
(3,720 | ) | (2,436) | ) | ||||||
每股虧損 |
||||||||||
基本版和稀釋版 |
(0.08) | ) | (0.05) | ) | ||||||
已發行普通股的加權平均數 |
||||||||||
基本版和稀釋版 |
45,667,706 | 45,414,367 |
Vicinity Motor Corp.
Consolidated Statements of Cash Flows
(In thousands of US dollars)
鄰近汽車公司
合併現金流量表
(以千美元計)
Three months ended | Three months ended | |||||||||
Note | March 31, 2024 | March 31, 2023 | ||||||||
$ | $ | |||||||||
OPERATING ACTIVITIES |
||||||||||
Net loss for the year |
(3,720 | ) | (2,436 | ) | ||||||
Items not involving cash: |
||||||||||
Amortization |
460 | 285 | ||||||||
Unrealized foreign exchange loss (gain) |
1,418 | (32 | ) | |||||||
Interest and finance costs |
7,8,9 | 1,730 | 683 | |||||||
Change in fair value of embedded derivatives |
8 | (204 | ) | (92 | ) | |||||
Stock-based compensation |
10 | 199 | 198 | |||||||
(117 | ) | (1,394 | ) | |||||||
Changes in non-cash items: |
||||||||||
Trade and other receivables |
3 | (2,050 | ) | (3,095 | ) | |||||
Inventory |
4 | (5,549 | ) | 794 | ||||||
Prepaids and deposits |
4,992 | (1,261 | ) | |||||||
Accounts payable and accrued liabilities |
4,215 | 2,333 | ||||||||
Deferred revenue |
51 | 175 | ||||||||
Warranty provision |
6 | 173 | (710 | ) | ||||||
Taxes paid |
- | (54 | ) | |||||||
Interest paid |
(1,265 | ) | (343 | ) | ||||||
Cash provide (used) in operating activities |
450 | (3,555 | ) | |||||||
INVESTING ACTIVITIES |
||||||||||
Purchase of intangible assets |
(247 | ) | (133 | ) | ||||||
Purchase of property and equipment |
(133 | ) | (211 | ) | ||||||
Cash used in investing activities |
(380 | ) | (344 | ) | ||||||
FINANCING ACTIVITIES |
||||||||||
Proceeds from issuance of common shares |
10 | - | 867 | |||||||
Share issuance costs |
10 | - | (43 | ) | ||||||
Net proceeds of credit facility |
5 | 2,418 | 762 | |||||||
Financing fees |
5 | - | (191 | ) | ||||||
Proceeds from convertible debt |
8 | - | 2,939 | |||||||
Convertible debt financing fees |
8 | - | (158 | ) | ||||||
Proceeds from long-term loans |
9 | - | - | |||||||
Repayment of long-term loans |
9 | (132 | ) | (131 | ) | |||||
Cash provided by financing activities |
2,286 | 4,045 | ||||||||
Effect of foreign exchange rate on cash and cash equivalents |
(61 | ) | 15 | |||||||
Increase in cash and cash equivalents |
2,295 | 161 | ||||||||
Cash and cash equivalents, beginning |
2,026 | 1,622 | ||||||||
Cash and cash equivalents, ending |
4,321 | 1,783 |
三個月已結束 | 三個月已結束 | |||||||||
注意 | 2024 年 3 月 31 日 | 2023 年 3 月 31 日 | ||||||||
$ | $ | |||||||||
運營活動 |
||||||||||
本年度淨虧損 |
(3,720 | ) | (2,436) | ) | ||||||
不涉及現金的物品: |
||||||||||
攤銷 |
460 | 285 | ||||||||
未實現的外匯虧損(收益) |
1,418 | (32) | ) | |||||||
利息和財務成本 |
7,8,9 | 1,730 | 683 | |||||||
嵌入式衍生品公允價值的變化 |
8 | (204) | ) | (92) | ) | |||||
基於股票的薪酬 |
10 | 199 | 198 | |||||||
(117) | ) | (1,394) | ) | |||||||
非現金項目的變化: |
||||||||||
貿易和其他應收賬款 |
3 | (2,050) | ) | (3,095) | ) | |||||
庫存 |
4 | (5,549) | ) | 794 | ||||||
預付費和按金 |
4,992 | (1,261 | ) | |||||||
應付賬款和應計負債 |
4,215 | 2,333 | ||||||||
遞延收入 |
51 | 175 | ||||||||
保修條款 |
6 | 173 | (710) | ) | ||||||
已繳稅款 |
- | (54) | ) | |||||||
已付利息 |
(1,265) | ) | (343) | ) | ||||||
經營活動中提供(使用)的現金 |
450 | (3,555) | ) | |||||||
投資活動 |
||||||||||
購買無形資產 |
(247) | ) | (133 | ) | ||||||
購買財產和設備 |
(133 | ) | (211) | ) | ||||||
用於投資活動的現金 |
(380) | ) | (344) | ) | ||||||
籌資活動 |
||||||||||
發行普通股的收益 |
10 | - | 867 | |||||||
股票發行成本 |
10 | - | (43) | ) | ||||||
信貸額度的淨收益 |
5 | 2,418 | 762 | |||||||
融資費用 |
5 | - | (191) | ) | ||||||
可轉換債務的收益 |
8 | - | 2,939 | |||||||
可轉換債務融資費 |
8 | - | (158 | ) | ||||||
長期貸款的收益 |
9 | - | - | |||||||
償還長期貸款 |
9 | (132) | ) | (131) | ) | |||||
融資活動提供的現金 |
2,286 | 4,045 | ||||||||
外匯匯率對現金和現金等價物的影響 |
(61) | ) | 15 | |||||||
現金和現金等價物的增加 |
2,295 | 161 | ||||||||
現金和現金等價物,期初 |
2,026 | 1,622 | ||||||||
現金和現金等價物,期末 |
4,321 | 1,783 |
SOURCE: Vicinity Motor Corp.
來源:Vicinity Motor