GreenPower Motor reports Q1 EPS (21c), consensus (22c)

Reports Q1 revenue $3.0M, consensus $4.93M. “We have seen a significant uptick this summer in our sales pipeline for GreenPower’s all-electric commercial vehicles, including 28 specialty vehicles for deployment in Canada which would utilize our current inventory of EV Star Cab & Chassis,” said Fraser Atkinson, CEO. “We anticipate delivering most of these vehicles by the end of this calendar year. The pipeline of GreenPower all-electric, purpose-built, zero-emission school bus orders has more than 30 vehicles slated for delivery in California and Oregon over the next 90 to 120 days,” added Brendan Riley, GreenPower President. “…While uncertainty over state regulations and federal incentives combined with other global economic factors slowed some EV markets earlier this year, the increase in orders and quotes GreenPower is now experiencing shows that the demand for all-electric vehicles is still there and that the market is rebounding with significant growth potential as the industry addresses these hurdles and paves the way for a more electrified and sustainable future. Consequently, we see a step up in our revenue through the remaining quarters this fiscal year.”