Electrameccanica Vehicles Corp logo

SOLO

Electrameccanica Vehicles Corp

$1.61

Earnings Summary

Revenue
$1.04Mn
Net Profits
$-17.83Mn
Net Profit Margins
-1716.81%

Highlights

Revenue:

Electrameccanica Vehicles Corp’s revenue jumped 465.74% since last year same period to $1.04Mn in the Q1 2022. On a quarterly growth basis, Electrameccanica Vehicles Corp has generated -31.14% fall in its revenue since last 3-months.

Net Profits:

Electrameccanica Vehicles Corp’s net profit fell -9770% since last year same period to $-17.83Mn in the Q1 2022. On a quarterly growth basis, Electrameccanica Vehicles Corp has generated -5.82% fall in its net profits since last 3-months.

Net Profit Margins:

Electrameccanica Vehicles Corp’s net profit margin fell -1644.61% since last year same period to -1716.81% in the Q1 2022. On a quarterly growth basis, Electrameccanica Vehicles Corp has generated -53.66% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Electrameccanica Vehicles Corp post its latest quarter earnings

EPS Estimate Current Quarter
-0.11
EPS Estimate Current Year
-0.11

Highlights

EPS Estimate Current Quarter:

Electrameccanica Vehicles Corp’s earning per share (EPS) estimates for the current quarter stand at -0.11 - a 21.43% jump from last quarter’s estimates.

EPS Estimate Current Year:

Electrameccanica Vehicles Corp’s earning per share (EPS) estimates for the current year stand at -0.11.

Key Ratios

Key ratios of the Electrameccanica Vehicles Corp post its Q1 2022 earnings

Earning Per Share (EPS)
-0.19
Return on Assets (ROA)
-0.18
Return on Equity (ROE)
-0.29
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Electrameccanica Vehicles Corp’s earning per share (EPS) fell -11076.47% since last year same period to -0.19 in the Q1 2022. This indicates that the Electrameccanica Vehicles Corp has generated -11076.47% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Electrameccanica Vehicles Corp’s return on assets (ROA) stands at -0.18.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Electrameccanica Vehicles Corp’s return on equity (ROE) stands at -0.29.

Dividend Per Share (DPS):

Electrameccanica Vehicles Corp declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-03-31
-0.14
-0.19
-35.71%

Company Information

ElectraMeccanica Vehicles Corp. is a Canadian designer andmanufacturer of environmentally efficient electric vehicles (EVs). The company's flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. The SOLO provides a driving experience that is unique, trendy, fun, affordable and environmentally friendly. InterMeccanica, a subsidiary of ElectraMeccanica, has successfully been building high-end specialty cars for 61 years.

Organisation
Electrameccanica Vehicles Corp
Employees
128
Industry
Consumer Durables