GreenPower Motor reports Q4 revenue $15.3M, consensus $13.98M

The company delivered 123 vehicles with a majority of the deliveries being EV Star Cab and Chassis, as well as EV Star Cargoes, EV Stars and Nano BEAST Type A school buses. “GreenPower continued with record-setting revenues and deliveries in the fourth quarter,” said Fraser Atkinson, GreenPower Chairman and CEO. “Of significant note is the operational improvements we’ve made, which are critical in attaining profitable operations. The Selling, General and Administrative costs (SGA) as a percent of revenue have been reduced to 36% in the fourth quarter and the inventory is now less than four quarters of the cost of goods sold (COGS).”