GreenPower Improves Balance Sheet by $6.8 Million
GreenPower (NASDAQ: GP) announced that parties will not proceed with certain EV Star Cab & Chassis orders and the company will retain $6.8 million of previously deferred deposit payments as revenue for the quarter ending Dec 31, 2025.
The recognition of $6.8M of deferred revenue reduces the company’s liabilities and increases shareholders’ equity by the same amount. GreenPower said the manufactured EV Star Cab & Chassis units will be repurposed to produce its all-electric Type A Nano BEAST school bus, which the company expects will shorten production lead times and support accelerated revenue recognition, margin expansion, and improved operating cash flow.
GreenPower (NASDAQ: GP) ha annunciato che alcune parti non proseguiranno con determinati ordini EV Star Cab & Chassis e l'azienda tratterrà 6,8 milioni di dollari di pagamenti di deposito differiti in precedenza come entrate per il trimestre che termina il 31 dicembre 2025.
La contabilizzazione di 6,8 milioni di dollari di entrate differite riduce le passività dell'azienda e aumenta l'equity degli azionisti dello stesso importo. GreenPower ha dichiarato che le unità EV Star Cab & Chassis prodotte verranno riproposte per la produzione del suo autobus scolastico completamente elettrico Type A Nano BEAST, che l'azienda si aspetta riduca i tempi di produzione e supporti un riconoscimento delle entrate accelerato, l'espansione del margine e un miglior flusso di cassa operativo.
GreenPower (NASDAQ: GP) anunció que las partes no procederán con ciertos pedidos de EV Star Cab & Chassis y la empresa retendrá 6,8 millones de dólares de pagos de depósito diferidos previamente como ingresos para el trimestre que finaliza el 31 de diciembre de 2025.
El reconocimiento de 6,8 M de ingresos diferidos reduce los pasivos de la empresa y aumenta el patrimonio de los accionistas por la misma cantidad. GreenPower dijo que las unidades fabricadas de EV Star Cab & Chassis se reutilizarán para producir su autobús escolar totalmente eléctrico Type A Nano BEAST, que la empresa espera que acorte los plazos de producción y apoye un reconocimiento de ingresos acelerado, expansión de margen y una mejora del flujo de efectivo operativo.
GreenPower (NASDAQ: GP)는 특정 EV Star Cab & Chassis 주문에 대해 당사자가 진행하지 않기로 했으며, 회사는 6.8백만 달러의 이전에 이연된 예치금 지급을 2025년 12월 31일로 종료되는 분기의 수익으로 유지할 것이라고 발표했습니다.
6.8M의 이연 수익 인식은 회사의 부채를 감소시키고 같은 금액만큼 주주지분을 증가시킵니다. GreenPower는 제조된 EV Star Cab & Chassis 유닛이 모두 전기식 Type A Nano BEAST 학교버스 생산에 재배치될 것이며, 이는 생산 리드타임을 단축하고 매출 인식 가속화, 마진 확장 및 운영 현금 흐름 개선을 지원할 것으로 기대한다고 말했습니다.
GreenPower (NASDAQ : GP) a annoncé que certaines commandes EV Star Cab & Chassis ne seront pas poursuivies et que l'entreprise conservera 6,8 millions de dollars de paiements de dépôt différés préalablement comptabilisés comme des revenus pour le trimestre se terminant le 31 décembre 2025.
La reconnaissance de 6,8 M$ de revenus différés réduit les passifs de l'entreprise et augmente les capitaux propres des actionnaires du même montant. GreenPower a déclaré que les unités produites d'EV Star Cab & Chassis seront réaffectées à la production de son bus scolaire entièrement électrique Type A Nano BEAST, qu'elle prévoit voir raccourcir les délais de production et soutenir une reconnaissance des revenus accélérée, une expansion des marges et une amélioration du flux de trésorerie opérationnel.
GreenPower (NASDAQ: GP) gab bekannt, dass bestimmte EV Star Cab & Chassis-Bestellungen nicht weiterverfolgt werden und das Unternehmen 6,8 Mio. USD an zuvor aufgeschobenen Anzahlungzahlungen als Einnahmen für das Quartal bis zum 31. Dezember 2025 behalten wird.
Die Erfassung von 6,8 Mio. USD an aufgeschobenen Einnahmen reduziert die Verbindlichkeiten des Unternehmens und erhöht das Eigenkapital der Aktionäre um den gleichen Betrag. GreenPower sagte, dass die hergestellten EV Star Cab & Chassis-Einheiten umgewidmet werden, um den rein elektrischen Type A Nano BEAST-Schulbus zu produzieren, von dem das Unternehmen erwartet, dass er die Produktionsvorläufe verkürzt und eine beschleunigte Umsatzanerkennung, Margensteigerung und verbesserten operativen Cashflow unterstützt.
GreenPower (NASDAQ: GP) أعلنت أن الأطراف لن تتابع بعض طلبات EV Star Cab & Chassis وأن الشركة ستمتنع عن 6.8 مليون دولار من مدفوعات الوديعة المؤجلة سابقاً كإيرادات للربع المنتهي في 31 ديسمبر 2025.
إن الاعتراف بـ 6.8 مليون دولار من الإيرادات المؤجلة يقلل من خصوم الشركة ويزيد حقوق المساهمين بنفس المبلغ. قالت GreenPower إن الوحدات المصنّعة من EV Star Cab & Chassis ستتم إعادة توجيهها لإنتاج حافلة المدرسة الكهربائية بالكامل من النوع A Nano BEAST، التي تتوقع الشركة أن تقصر أوقات الإنتاج وتدعم الاعتراف بالإيرادات بشكل أسرع وتوسيع الهامش وتحسين التدفق النقدي التشغيلي.
- $6.8M deferred revenue recognized in Q4 2025
- Liabilities reduced and shareholders equity up $6.8M
- Manufactured cab & chassis to support Type A Nano BEAST production
- Agreed to not proceed with EV Star Cab & Chassis orders
- Advance payments retained with no obligation to deliver vehicles
Insights
Recognition of
GreenPower will convert
Key dependencies and risks include the fact that this is an accounting recognition event tied to a contractual agreement to not deliver vehicles and not to new cash inflows; the statement does not disclose cash impact timing, margins on the recognized revenue, or any customer settlements. Watch for the company's quarterly filings for the exact revenue and margin presentation in the income statement, any related-party or settlement disclosures, and operational metrics for Type A Nano BEAST production in the next reporting cycle ending
GreenPower received advance payments to manufacture EV Star Cab & Chassis and these deposits were recorded as deferred revenue until delivery of the vehicles was accepted. The parties have agreed to not proceed and a total of
"The elimination of this deferred revenue reduces the total liabilities of the Company with a corresponding increase in our shareholders equity of
For further information contact:
Fraser Atkinson, CEO
(604) 220-8048
fraser@greenpowermotor.com
Michael Sieffert, CFO
Michael.Sieffert@greenpowermotor.com
Brendan Riley, President
Brendan@greenpowermotor.com
About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com
Forward-Looking Statements
This news release includes certain forward-looking statements under applicable securities laws that are not historical facts. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. The forward-looking statements in this news release include, but are not limited to, the statements that the EV Star Cab Chassis that GreenPower manufactured with these payments will be used to produce GreenPower's all-electric Type A Nano BEAST school bus, which will significantly reduce production lead times for these vehicles and this creates a clear path toward accelerated revenue recognition, margin expansion, and improved operating cash flow for GreenPower. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that the Company may not be able to continue to optimize its operations and focus on initiatives that drive sustainable growth, or the Company may not be able to continue to meet all of the requirements to maintain its Nasdaq exchange listing, and those additional risks set out in the Company's public documents filed on SEDAR+ at www.sedarplus.ca and with the United States Securities and Exchange Commission filed on EDGAR at www.sec.gov. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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SOURCE GreenPower Motor Company
FAQ
What did GreenPower (GP) announce on November 20, 2025 about deferred revenue?
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Will the retained EV Star Cab & Chassis affect GreenPower (GP) production timelines?
When will GreenPower (GP) recognize the $6.8M as revenue?
Does the announcement mean GreenPower (GP) will still deliver EV Star Cab & Chassis orders?
