---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-285734"
form_type: "8-K"
ticker: "EVTV"
cik: "0001563568"
company_name: "Envirotech Vehicles, Inc."
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T18:28:28.054201+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Envirotech Vehicles reports first-ever quarterly profit; revenue up 448% YoY to $3.88M

## Summary
- Net income of $126,749 ($0.01/share) vs. net loss of $850,475 ($0.06) in Q3 2021.
- Revenue of $3.88M, up 448% YoY, driven by 37 vehicles sold vs. 8 a year ago.
- Operating expenses $1.74M, up 26% YoY; cash & securities $4.66M; working capital $20.25M.
- CEO expects Q4 2022 deliveries to retreat due to holiday shutdowns and lumpy government funding.
- Progress on Arkansas facility for EV manufacturing by 2024; hired grant writing firm for EPA school bus funds.

## SEC filing metadata
- accession: 0001193125-22-285734
- form_type: 8-K
- ticker: EVTV
- cik: 0001563568
- company_name: Envirotech Vehicles, Inc.
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1563568/000119312522285734/0001193125-22-285734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1563568/000119312522285734/d395350d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-285734
- JSON: https://secwatch.observer/filing/0001193125-22-285734.json
- Plain text: https://secwatch.observer/filing/0001193125-22-285734.txt

## Key facts
- Earnings Releases
  Envirotech Vehicles, Inc. reported the three months ended September 30, 2022 results: revenue $3,882,670, net income $126,749, EPS $0.01 per basic and diluted share.
  - Period: the three months ended September 30, 2022
  - Revenue: $3,882,670
  - Net income: $126,749
  - EPS: $0.01 per basic and diluted share
  - Result: reported results
  source text: Sales were $3,882,670 for the three months ended September 30, 2022, compared to $709,092 for the three months ended September 30, 2021. The sales increase was primarily related to the sale of 37 vehicles in the third quarter of 2022 compared to eight vehicles in the prior year period. Total net operating expenses for the three months ended September 30, 2022, were $1,738,397, compared to $1,381,574 for the same period in 2021, as the Company continues to invest in its operations. The increase in expenses during the quarter is primarily related to increased headcount and sales and marketing expenses. Total net operating expenses included non-cash charges of $69,093 for the three months ended September 30, 2022. Net income in the third quarter of 2022 was $126,749, or $0.01 per basic and diluted share, compared to a net loss of $850,475 or ($0.06) per basic and diluted share in the third quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1563568/000119312522285734/0001193125-22-285734-index.htm
- Earnings Releases
  Envirotech Vehicles, Inc. reported financial results for the nine months ended September 30, 2022.
  - Period: the nine months ended September 30, 2022
  - Result: reported results
  source text: Envirotech Vehicles, Inc. (“Envirotech Vehicles” or the “Company”) (Nasdaq: EVTV), a provider of new zero-emission, purpose-built electric vehicles, today announced its results for the third quarter and nine months ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1563568/000119312522285734/0001193125-22-285734-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.