GreenPower Reports Fiscal Third Quarter 2021 Financial Results

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Go back to GreenPower Reports Fiscal Third Quarter 2021 Financial Results

GreenPower Motor Co. (GP) Reports Q3 Revenues of $2.4M

February 11, 2021 5:09 PM EST

GreenPower Motor Co. (NASDAQ: GP) reported Q3 revenue for the quarter came in at $2.4 million.

Highlights of the third quarter:

delivered 17 vehicles in the quarter, including the first EV Star Cargo Plus to the City of Vancouver, one EV Star and one EV Star Plus to ABC Bus Inc., Greenpower's dealer in the state of New York, and 14 EV Stars to Green Commuter;the Company recorded revenues of $2,398,781 with cost of revenues of $1,488,974 generating a gross profit of $909,807 or 37.9% of revenues;working capital of $31,310,393 at the end of the quarter... More