secwatch.observer — SEC 8-K summary
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Issuer:     Envirotech Vehicles, Inc. (EVTV)
CIK:        0001563568
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0001437749-24-017563
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Envirotech Vehicles Q1 2024: Revenue up 55% to $810K; net loss widens to $4.5M ($0.29/share)
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- Revenue $810,490, up ~55% YoY from $523,199.
- GAAP net loss $4,532,363 ($0.29 per share) vs $2,267,908 ($0.15) in Q1 2023.
- Adjusted net loss $1,144,053 ($0.07/share) improved from $2,180,764 ($0.14); adjusted EBITDA ($1,098,698) vs ($2,183,933).
- Cash $1,049,357; working capital $8.15M as of March 31, 2024.
- Awarded 25 electric school buses from EPA funding; progressing on Arkansas facility and Philippines Clark facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563568/000143774924017563/0001437749-24-017563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563568/000143774924017563/adom20240517_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-017563

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer