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Vicinity Motor Corp Company Snapshot
Vicinity Motor Corp operates in the Motor vehicles and car bodies sector. In addition to historical fundamental analyses, the complete report available to purchase compares Vicinity Motor Corp with three other automobile manufacturers in North America: GreenPower Motor Company Inc (2020 sales of 17.98 million Canadian Dollars [US$14.08 million] ), American International Holdings Corporation of UNITED STATES ($5.80 million ), and Tornado Global Hydrovacs Ltd (31.04 million Canadian Dollars [US$24.31 million] ).

Sales Analysis. Sales were up sharply during the second quarter of 2021 versus the previous year's second quarter. During the second quarter of 2021, sales at Vicinity Motor Corp totalled C$19.10 million. This is an increase of 119.5% from the C$8.70 million in sales at the company during the second quarter of 2020. During the first two quarters of 2021, sales totalled C$46.40 million, which is 266.2% higher than through the first two quarters of 2020. Vicinity Motor Corp reported sales of C$26.07 million (US$20.41 million) for the year ending December of 2020. This represents an increase of 5.8% versus 2019, when the company's sales were C$24.65 million. Despite this increase, sales are still well below the level achieved in 2018, when Vicinity Motor Corp reported sales of C$70.08 million. Sales of Operating Lease Revenue saw an increase that was more than double the company's growth rate: sales were up 51.6% in 2020, from C$754,667.00 to C$1.14 million. Vicinity Motor Corp also saw significant increases in sales in Bus Sales (up 8.7% to C$21.67 million) . Not all segments of Vicinity Motor Corp experienced an increase in sales in 2020: sales of Spare Part Sales fell 17.6% to C$3.26 million.
   
   
 
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Vicinity Motor Corp
  Stock Performance Chart for Vicinity Motor Corp
 
  Stock Data: Recent Stock Performance:
  Current Price (9/17/2021): 5.51
(Figures in Canadian Dollars)
1 Week -2.8%   13 Weeks -10.6%  
4 Weeks -20.5%   52 Weeks 286.7%  
 
Vicinity Motor Corp Key Data:
  Ticker: VMC Country: Canada
  Exchanges: VEN Major Industry: Automobiles & Components
    Sub Industry: Motor Vehicles & Car Bodies
  2020 Sales 26,069,000
(Year Ending Jan 2021).
Employees: 53
  Currency: Canadian Dollars Market Cap: 169,765,695
  Fiscal Yr Ends: December Shares Outstanding: 30,810,471
  Share Type: Common Closely Held Shares: 3,682,765
 
 
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