earnings
confidence high
sentiment positive
materiality 0.75
Envirotech Vehicles Q2 2022 revenue surges 1,009% to $2.1M; net loss widens slightly
Envirotech Vehicles, Inc.
2022-Q2 EPS
reported -$0.24
vs consensus -$2.04
▲ beat
(+88.2%)
- Sales of $2,087,700 in Q2 2022 vs $188,266 a year ago; delivered 21 vehicles vs 2 in prior year.
- Net loss of $1,010,264 ($0.07 per share) vs $893,079 ($0.06) in Q2 2021.
- Operating expenses rose to $1.83M from $0.93M, driven by sales/marketing and R&D for new school bus and class 5 truck.
- Cash and marketable securities $6.33M; working capital $20.0M; Nasdaq uplisting completed in July 2022.