GreenPower Provides Business Update and Reports Third Quarter Fiscal 2025 Results
GreenPower Motor Company (Nasdaq: GP) reported its Q3 fiscal 2025 results, achieving $7.2 million in revenue, marking a 35% increase from the previous quarter. The company's gross profit improved to 14.6% of revenue, up from 8.6% in Q2.
During the quarter, GreenPower delivered 13 BEAST Type D electric school buses, one Nano BEAST Type A school bus, one EV Star Cargo Plus, and 13 EV Star Passenger Vans. The company reported working capital of $12.8 million, a $2.7 million increase over the previous quarter, and inventory of $28.2 million.
The company is expanding its West Virginia manufacturing facility to produce one BEAST per week, increasing to two per week by April. GreenPower also plans to consolidate its California operations into one facility in the Inland Empire for improved efficiency. The company completed an underwritten offering of 3,000,000 common shares, raising $3 million in gross proceeds.
GreenPower Motor Company (Nasdaq: GP) ha riportato i risultati del terzo trimestre fiscale 2025, raggiungendo $7,2 milioni di fatturato, con un incremento del 35% rispetto al trimestre precedente. Il profitto lordo dell'azienda è migliorato, raggiungendo il 14,6% del fatturato, rispetto all'8,6% nel secondo trimestre.
Durante il trimestre, GreenPower ha consegnato 13 autobus scolastici elettrici di tipo BEAST D, un autobus scolastico Nano BEAST di tipo A, un EV Star Cargo Plus e 13 furgoni passeggeri EV Star. L'azienda ha registrato un capitale circolante di $12,8 milioni, con un aumento di $2,7 milioni rispetto al trimestre precedente, e un inventario di $28,2 milioni.
L'azienda sta ampliando il suo stabilimento di produzione in Virginia Occidentale per produrre un BEAST a settimana, aumentando a due a settimana entro aprile. GreenPower prevede anche di consolidare le sue operazioni in California in un'unica struttura nell'Inland Empire per migliorare l'efficienza. L'azienda ha completato un'offerta garantita di 3.000.000 azioni ordinarie, raccogliendo $3 milioni di proventi lordi.
GreenPower Motor Company (Nasdaq: GP) informó sus resultados del tercer trimestre fiscal 2025, alcanzando $7.2 millones en ingresos, marcando un aumento del 35% con respecto al trimestre anterior. La utilidad bruta de la compañía mejoró al 14.6% de los ingresos, por encima del 8.6% en el segundo trimestre.
Durante el trimestre, GreenPower entregó 13 autobuses escolares eléctricos tipo BEAST D, un autobús escolar Nano BEAST tipo A, un EV Star Cargo Plus y 13 vans de pasajeros EV Star. La compañía reportó un capital de trabajo de $12.8 millones, un aumento de $2.7 millones respecto al trimestre anterior, y un inventario de $28.2 millones.
La compañía está expandiendo su planta de fabricación en Virginia Occidental para producir un BEAST por semana, aumentando a dos por semana para abril. GreenPower también planea consolidar sus operaciones en California en una sola instalación en Inland Empire para mejorar la eficiencia. La empresa completó una oferta suscrita de 3,000,000 acciones comunes, recaudando $3 millones en ingresos brutos.
그린파워 모터 컴퍼니 (Nasdaq: GP)는 2025 회계연도 3분기 실적을 발표하며
이번 분기 동안 그린파워는 13대의 BEAST D형 전기 학교 버스, 1대의 Nano BEAST A형 학교 버스, 1대의 EV Star Cargo Plus, 그리고 13대의 EV Star 승객 밴을 납품했습니다. 회사는 1280만 달러의 운전자본을 보고했으며, 이는 이전 분기 대비 270만 달러 증가한 수치이며, 재고는 2820만 달러입니다.
회사는 웨스트버지니아의 생산 시설을 확장하여 주당 1대의 BEAST를 생산할 예정이며, 4월까지 주당 2대로 증가할 계획입니다. 그린파워는 또한 효율성을 개선하기 위해 캘리포니아의 운영을 인랜드 엠파이어의 한 시설로 통합할 계획입니다. 회사는 3,000,000주 보통주에 대한 공모를 완료하고 300만 달러의 총 수익을 올렸습니다.
GreenPower Motor Company (Nasdaq: GP) a annoncé ses résultats du troisième trimestre de l'exercice 2025, atteignant 7,2 millions de dollars de revenus, marquant une augmentation de 35 % par rapport au trimestre précédent. Le bénéfice brut de l'entreprise s'est amélioré, atteignant 14,6 % des revenus, contre 8,6 % au deuxième trimestre.
Au cours du trimestre, GreenPower a livré 13 bus scolaires électriques de type BEAST D, un bus scolaire Nano BEAST de type A, un EV Star Cargo Plus et 13 vans passagers EV Star. L'entreprise a déclaré un fonds de roulement de 12,8 millions de dollars, soit une augmentation de 2,7 millions de dollars par rapport au trimestre précédent, et un inventaire de 28,2 millions de dollars.
L'entreprise agrandit son usine de fabrication en Virginie-Occidentale pour produire un BEAST par semaine, avec l'intention d'augmenter à deux par semaine d'ici avril. GreenPower prévoit également de regrouper ses opérations en Californie dans une seule installation dans l'Inland Empire pour améliorer l'efficacité. L'entreprise a complété une offre souscrite de 3 000 000 actions ordinaires, levant 3 millions de dollars de produits bruts.
GreenPower Motor Company (Nasdaq: GP) berichtete über die Ergebnisse des dritten Quartals des Geschäftsjahres 2025, mit einem Umsatz von 7,2 Millionen Dollar, was einem Anstieg von 35% im Vergleich zum vorherigen Quartal entspricht. Der Bruttogewinn des Unternehmens verbesserte sich auf 14,6% des Umsatzes, gegenüber 8,6% im zweiten Quartal.
Im Laufe des Quartals lieferte GreenPower 13 BEAST Typ D Elektro-Schulbusse, einen Nano BEAST Typ A Schulbus, einen EV Star Cargo Plus und 13 EV Star Personenwagen aus. Das Unternehmen berichtete über ein Umlaufvermögen von 12,8 Millionen Dollar, was einem Anstieg von 2,7 Millionen Dollar im Vergleich zum vorherigen Quartal entspricht, sowie über einen Lagerbestand von 28,2 Millionen Dollar.
Das Unternehmen erweitert sein Produktionswerk in West Virginia, um wöchentlich einen BEAST zu produzieren, mit der Absicht, bis April auf zwei pro Woche zu erhöhen. GreenPower plant auch, seine Betriebe in Kalifornien in einer einzigen Einrichtung im Inland Empire zusammenzuführen, um die Effizienz zu verbessern. Das Unternehmen hat ein unterzeichnetes Angebot von 3.000.000 Stammaktien abgeschlossen und dabei 3 Millionen Dollar Bruttoerlöse erzielt.
- Revenue increased 35% quarter-over-quarter to $7.2 million
- Gross profit margin improved from 8.6% to 14.6%
- Working capital increased by $2.7 million to $12.8 million
- Production capacity expanding to two BEAST units per week by April
- Successfully raised $3 million through share offering
- Operational costs spread across multiple facilities requiring consolidation
- Dilution of shareholder value through 3 million share offering
Insights
The Q3 FY2025 results reveal a company executing a careful balance between growth and operational efficiency. The 35% quarter-over-quarter revenue growth to
The inventory composition provides important insights into GreenPower's production strategy:
Two strategic moves warrant attention:
- The consolidation of California operations from five facilities to one larger facility in the Inland Empire should reduce overhead costs and improve operational efficiency
- The West Virginia facility's planned production ramp-up to two BEAST units per week by April, plus Nano BEAST production, indicates confidence in demand and supply chain readiness
The working capital position of
Shareholder Call Scheduled for February 18, 2025 at 9:30 a.m. EST/6:30 a.m. PST
"GreenPower's improved third-quarter performance, with
GreenPower spent the quarter continuning to increase its output from the
On the West Coast, GreenPower finalized plans to expand its
Third Quarter 2025 Highlights:
- Generated revenues of
$7.2 million 35% over the previous quarter. Gross profit improved to14.6% of revenue up from8.6% for the previous quarter. - Delivered 13 BEAST Type D all-electric school buses, one Nano BEAST Type A school bus, one EV Star Cargo Plus and 13 EV Star Passenger Vans.
- At the end of the quarter GreenPower had working capital of
$12.8 million $2.7 million $28.2 million $10.8 million $13.1 million $4.3 million - Deferred revenue at the end of the quarter increased to
$10.8 million - Completed an underwritten offering of 3,000,000 common shares raising gross proceeds of
$3 million
For additional information on the results of operations for the period ended December 31, 2024 review the interim financial statements and related reports posted on GreenPower's website as well as on www.sedar.com or filed on EDGAR.
Shareholder Call Information
Date: Tuesday February 18, 2025
Time: 6:30 a.m. PST / 9:30 a.m. EST
Participant dial-in: (US) 1-844-739-3982 (
Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=XkyzR1vx
Replay: (US) 1-877-344-7529; (
Replay access code: 5816828
For further information contact:
Fraser Atkinson, CEO
(604) 220-8048
Brendan Riley, President
(510) 910-3377
Michael Sieffert, CFO
(604) 563-4144
About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in
Forward-Looking Statements
This document contains forward-looking statements relating to, among other things, GreenPower's business and operations and the environment in which it operates, which are based on GreenPower's operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. A number of important factors including those set forth in other public filings (filed under the Company's profile on www.sedar.com) could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All amounts in
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SOURCE GreenPower Motor Company
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