GPV · Greenpower Motor Co Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue | $39.27M | $39.70M | $17.24M | $11.88M | $13.50M |
| Cost of Revenue | $33.91M | $32.45M | $13.36M | $8.30M | $9.45M |
| Gross Profit | $5.36M | $7.25M | $3.88M | $3.58M | $4.05M |
| R&D | $1.81M | $2.09M | $1.38M | $939.9K | $973.1K |
| SG&A | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - |
| D&A | - | - | - | - | - |
| Operating Income | ($17.92M) | ($14.79M) | ($14.40M) | ($7.79M) | ($4.92M) |
| Interest Expense | $1.55M | $1.55M | $515.7K | $1.60M | $2.13M |
| Income Tax | $0 | $0 | $0 | $0 | $0 |
| Net Income | ($18.34M) | ($15.04M) | ($15.01M) | ($7.84M) | ($5.15M) |
| EPS - Basic | ($0.74) | ($0.43) | - | - | - |
| EPS - Diluted | ($0.74) | ($0.64) | ($0.34) | - | - |
Balance Sheet
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Cash & Equivalents | $621.1K | $1.99M | $609.6K | $15.21M | $57.0K |
| Accounts Receivable | $1.03M | $3.92M | $2.92M | $4.45M | $1.39M |
| Inventory | $28.17M | $32.90M | $32.25M | $12.46M | $6.59M |
| Accounts Payable | - | - | - | - | - |
| Current Assets | $31.64M | $41.95M | $43.10M | $32.94M | $6.93M |
| Total Assets | $37.37M | $50.16M | $49.61M | $39.62M | $11.91M |
| Current Liabilities | $18.80M | $22.52M | $11.51M | $2.13M | $7.09M |
| Long-term Debt | - | - | - | - | - |
| Total Liabilities | $35.23M | $32.11M | $15.22M | $3.47M | $12.00M |
| Stockholders' Equity | $2.14M | $22.35M | $27.30M | $36.15M | $2.18M |
| Retained Earnings | ($93.60M) | ($72.45M) | ($46.36M) | ($31.63M) | ($18.71M) |
Cash Flow
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($1.13M) | ($14.76M) | ($20.34M) | ($16.39M) | ($5.11M) |
| Investing Cash Flow | ($761.5K) | $303.2K | ($536.1K) | ($352.7K) | ($161.9K) |
| Financing Cash Flow | $2.32M | $8.19M | $12.66M | $31.52M | $5.50M |
| CapEx | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - |
Ratios
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 13.6% | 18.3% | 22.5% | 30.1% | 30.0% |
| Operating margin | -45.6% | -37.3% | -83.6% | -65.6% | -36.5% |
| EBITDA margin | - | - | - | - | - |
| Net margin | -46.7% | -37.9% | -87.1% | -65.9% | -38.1% |
| Free cash flow margin | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - |
| R&D / Revenue | 4.6% | 5.3% | 8.0% | 7.9% | 7.2% |
| SG&A / Revenue | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - |
| Return on assets | -49.1% | -30.0% | -30.3% | -19.8% | -43.2% |
| Return on equity | -857.9% | -67.3% | -55.0% | -21.7% | -236.4% |
| Return on invested capital | - | - | - | - | - |
| Liquidity | |||||
| Current ratio | 1.68 | 1.86 | 3.74 | 15.45 | 0.98 |
| Quick ratio | 0.18 | 0.40 | 0.94 | 9.60 | 0.05 |
| Cash ratio | 0.03 | 0.09 | 0.05 | 7.13 | 0.01 |
| Leverage | |||||
| Debt / Equity | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | -11.5x | -9.5x | -27.9x | -4.9x | -2.3x |
| Equity multiplier | 17.48 | 2.24 | 1.82 | 1.10 | 5.47 |
| Liabilities / Assets | 0.94 | 0.64 | 0.31 | 0.09 | 1.01 |
| Efficiency | |||||
| Asset turnover | 1.05 | 0.79 | 0.35 | 0.30 | 1.13 |
| Inventory turnover | 1.20 | 0.99 | 0.41 | 0.67 | 1.43 |
| Days sales outstanding | 10d | 36d | 62d | 137d | 38d |
| Days inventory outstanding | 303d | 370d | 881d | 548d | 255d |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | -1.1% | 130.3% | 45.0% | -12.0% | - |
| Revenue CAGR (3y) | 48.9% | 43.3% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | -26.1% | 87.0% | 8.3% | -11.7% | - |
| Operating income growth (YoY) | -21.1% | -2.7% | -84.9% | -58.3% | - |
| Net income growth (YoY) | -21.9% | -0.2% | -91.5% | -52.3% | - |
| EPS growth (YoY) | -15.6% | -88.2% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -90.4% | -18.1% | -24.5% | 1560.5% | - |
Stability scores
Altman Z′
FY 2024 · bankruptcy risk
-2.29
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2024 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Truck & Bus Bodies
Comparing GREENPOWER MOTOR Co INC. against the 5 most active filers in the same SIC group.