Volcon Inc Stock Price, News & Analysis

Volcon Inc. (NASDAQ: VLCN) reported its fiscal year 2022 results, highlighting a revenue of $4.55 million, up from $0.45 million in 2021. The company delivered its first 2023 Volcon Brats and has over $116 million in pre-orders for the Stag. Operating expenses were $23.2 million, leading to a net loss of $34.2 million, an improvement from $40.1 million the previous year. Volcon intends to expand its dealer network to over 250 by the end of 2023. The Grunt EVO and Runt are set for launch in the second quarter of 2023.

Volcon Inc. (NASDAQ: VLCN) has announced a partnership with BFGoodrich to enhance its off-road electric vehicle technology. This collaboration will culminate in showcasing a co-developed racing vehicle at the Mint 400 from March 8-9, 2023. The partnership focuses on integrating the BFGoodrich ActivAir suspension system, designed for real-time tire pressure adjustments, improving off-road performance and battery efficiency. Volcon aims to validate this technology through rigorous testing during off-road racing, marking its entry as the first UTV brand co-developing tire technology with BFGoodrich. This initiative is part of Volcon's Technology Innovation Group, which aims to advance electric vehicle capabilities.

Volcon Inc. (NASDAQ: VLCN) announced significant milestones, including over $116 million in pre-production orders for its all-electric UTV, the Stag, with 90% from 151 dealers across the USA and Latin America. The Stag, powered by GM's Ultium system, will see deliveries start in June 2023. The company is also launching the Grunt EVO, a quieter trail bike, and the Brat eBike, expected in select dealers by February 2023. New collaborations include BF Goodrich as the Stag's tire supplier and partnerships with Texas A&M for research. Volcon aims for a successful 2023 by expanding its product line and enhancing manufacturing capabilities.

Volcon Inc. (NASDAQ: VLCN) has appointed Dave McMahon as Channel Marketing Manager. With over 11 years as content director at Powersports Business, McMahon has significant experience in dealer relations. He aims to enhance dealer partnerships and marketing strategies, particularly after Volcon's recent product launches, including the Stag UTV and Brat eBike. McMahon's expertise is expected to align with Volcon's vision to strengthen its presence in the electric powersports market.

Volcon Inc. (NASDAQ:VLCN) reported its third-quarter 2022 operational highlights and financial results, revealing a revenue of $0.3 million, down $2.1 million from Q2 2022. The net loss narrowed to $7.9 million compared to $9.9 million in Q2. Key developments include signing 144 dealers and over $100 million in pre-orders, along with launching the 2023 Brat eBike. The company raised $22.3 million through convertible notes and closed its manufacturing operations to outsource assembly, aiming to enhance cash flow.

Volcon Inc. (NASDAQ: VLCN) has been invited to showcase its electric vehicle (EV) lineup at the Texas A&M University RELLIS Campus BCDC grand opening. The BCDC is a state-of-the-art research and testing complex focused on advancing U.S. defense technology. Volcon aims to explore partnerships for military modernization and fleet electrification, highlighting the demand for tactical electric vehicles.

Volcon's flagship product, the Stag UTV, is set for delivery to U.S. Army locations in mid-2023, with other models like the Grunt and Brat already in production.

Volcon Inc. (NASDAQ: VLCN) has entered an exclusive co-branding and distribution agreement with Torrot Electric Europa, granting Volcon rights to sell youth motorcycles in the Americas. This three-year partnership aims to tap into the growing youth powersports market, enhancing revenue and profitability. The initial motorcycle range will accommodate riders aged 3 to 16, with deliveries expected to begin in December 2022. The collaboration leverages Torrot's 75 years of experience in motorcycle design and manufacturing, aligning both companies' visions for electric powersports expansion.

Volcon Inc. (NASDAQ: VLCN) has secured its first order from the U.S. Army for two Stag UTV vehicles, to be delivered in mid-2023. This order is part of a project managed by the U.S. Army Engineer Research and Development Center, focusing on disaster response missions. The Stag is an all-electric, all-wheel drive vehicle powered by General Motors technology, designed for rapid deployment in emergencies. This contract marks Volcon's entry into the federal government market, aligning with the Department of Defense's commitment to fleet electrification.

Volcon Inc. (NASDAQ: VLCN) has appointed Katie Hale as Chief Marketing Officer, who brings extensive experience from her previous roles in the outdoor sports marketing sector. Hale aims to enhance Volcon's marketing strategy, particularly following the recent launches of the Volcon Stag UTV and the Brat eBike. CEO Jordan Davis emphasized Hale's skills in digital marketing and brand awareness as essential for the company's growth trajectory. Volcon is focused on becoming a leading brand in the off-road powersports market while maintaining its commitment to sustainable outdoor experiences.