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GreenPower Motor Company Inc. designs, builds and distributes all-electric medium- and heavy-duty vehicles for cargo and delivery, shuttle, transit and school bus markets. Its product references include high-floor and low-floor transit buses, school buses, shuttles, cargo vans and cab-and-chassis platforms built around a purpose-built electric OEM design.
GreenPower news commonly covers operating and financial results, vehicle production strategy, customer-order activity, financing facilities, convertible preferred share transactions, Nasdaq listing compliance, auditor and board changes, annual meeting results and other governance matters tied to its public-company status.
GreenPower Motor Company (Nasdaq: GP) reported its fiscal Q1 2021 results, ending June 30, 2020, highlighting $2.27 million in revenue and a gross profit margin of 27.2%. The quarter saw the delivery of 18 EV Stars and deployment of 8 EV Stars for Antelope Valley Transit. Following the quarter, GreenPower traded on Nasdaq and received orders for 100 EV Stars and 10 school buses. However, the company experienced an operating loss of $875,145, leading to a net loss of $1,429,337 due to high operational costs and interest expenses.
GreenPower Motor Company (Nasdaq: GP) will hold a conference call on August 31, 2020, at 2:00 p.m. PST to discuss its financial results for the fiscal first quarter ended June 30, 2020. The call will provide an operational update for shareholders and interested parties. Participants can access the call via various dial-ins, with a replay available shortly after. GreenPower is focused on designing and distributing electric-powered buses for multiple sectors, emphasizing zero emissions and high-quality components from global suppliers.