GreenPower Motor Company Inc (GPV.V) Q4 2024: Gpv V

Executive Summary

GreenPower Motor Company Inc (GPV.V) delivered a challenging QQ4 2024 during a period of intensified market competition and ongoing production ramp challenges. Reported revenue of $5.07 million for the quarter a (-71.16% YoY; -39.52% QoQ) alongside a gross loss of $0.52 million and an EBITDA of negative $5.46 million. Net income for the quarter was -$6.60 million with an EPS of -$0.26. The quarterly results reflect an ongoing burn through operating cash flow, with operating cash flow of -$4.90 million and free cash flow of -$4.97 million, culminating in a cash balance of approximately $1.15 million at period end. These dynamics underscore a near-term liquidity and profitability challenge, even as the company continues to work through the cost-to-build phase associated with scaling its electric vehicle (EV) product lines for commercial markets in the United States and Canada.

Key Performance Indicators

Revenue

5.07M

QoQ: -39.52% | YoY:-71.16%

Gross Profit

-519.40K

-10.24% margin

QoQ: -156.91% | YoY:-118.61%

Operating Income

-6.36M

QoQ: -58.72% | YoY:-151.65%

Net Income

-6.60M

QoQ: -38.41% | YoY:-134.79%

EPS

-0.26

QoQ: -36.84% | YoY:-136.36%

Revenue Trend

Margin Analysis

Key Insights

Revenue: $5.07M (YoY -71.16%, QoQ -39.52%); Gross Profit: -$0.52M (Gross Margin -0.10%); EBITDA: -$5.46M (EBITDA Margin -1.08%); Operating Income: -$6.36M (Operating Margin -1.25%); Net Income: -$6.60M (Net Margin -1.30%); EPS: -$0.26; Cash from Operations: -$4.90M; Free Cash Flow: -$4.97M; Cash balance: $1.15M; Current ratio: 1.73; Inventory Days: ~515; Debt: $16.78M; Net Debt: $15.63M; Revenue YoY/QoQ trends indicate material deceleration amid ramp slowdowns....

Financial Highlights

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	5.07M	-71.16%	-39.52%
Gross Profit	-519.40K	-118.61%	-156.91%
Operating Income	-6.36M	-151.65%	-58.72%
Net Income	-6.60M	-134.79%	-38.41%
EPS	-0.26	-136.36%	-36.84%

Key Financial Ratios

currentRatio

1.73

grossProfitMargin

-10.2%

operatingProfitMargin

-125.4%

netProfitMargin

-130.2%

returnOnAssets

-14.6%

returnOnEquity

-57.1%

debtEquityRatio

1.45

operatingCashFlowPerShare

$-0.2

freeCashFlowPerShare

$-0.2

priceToBookRatio

4.15

priceEarningsRatio

-1.82

Net Income vs. Revenue

Expense Breakdown

Competitive Position

Company	Gross Margin	Operating Margin	Return on Equity	P/E Ratio
GPV.V Focus	-10.24%	-1.25%	-57.10%	-1.82%
DOC.V	24.00%	-26.00%	-1.91%	-10.20%
NFI.TO	11.00%	3.23%	-0.33%	-129.59%
DCBO.TO	81.20%	2.19%	6.35%	119.41%
WELL.TO	36.40%	5.24%	3.62%	8.32%

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	1.55	-0.14	-69.4%	View
Q3 2025	7.22	-0.17	-13.9%	View
Q2 2025	5.35	-0.18	-36.6%	View
Q1 2025	3.00	-0.21	-80.5%	View
Q4 2024	5.07	-0.26	-71.2%	View

GreenPower Motor Company (GPV.V) Q4 2024 Earnings Report

Earnings Highlights

GreenPower Motor Company Inc (GPV.V) QQ4 2024 Earnings Analysis

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

GreenPower Motor Company (GPV.V) Q4 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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