SOLO · Electrameccanica Vehicles Corp. - 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 2023 | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $608.4K | $6.81M | $568.5K | - | - | - |
| Cost of Revenue | - | $4.33M | $699.5K | - | - | - |
| Gross Profit | ($941.2K) | ($2.23M) | ($130.9K) | - | - | - |
| R&D | $9.15M | $17.09M | $7.85M | - | - | - |
| SG&A | $32.45M | $39.76M | $8.83M | - | - | - |
| Total Operating Expenses | $54.06M | $56.05M | - | - | - | - |
| D&A | $3.45M | $3.48M | - | - | - | - |
| Operating Income | ($55.00M) | ($58.29M) | ($27.21M) | - | - | - |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $1.0K | $23.6K | ($32.1K) | - | - | - |
| Net Income | ($57.58M) | ($38.78M) | ($63.05M) | - | - | - |
| EPS - Basic | ($0.48) | ($0.35) | ($1.08) | - | - | - |
| EPS - Diluted | ($0.48) | ($0.35) | ($1.08) | - | - | - |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $65.45M | $221.93M | $221.93M | - | - | - |
| Accounts Receivable | $142.1K | $372.0K | $372.0K | - | - | - |
| Inventory | $2.37M | $3.58M | $3.58M | - | - | - |
| Accounts Payable | $1.34M | $1.25M | $6.81M | - | - | - |
| Current Assets | $70.85M | $240.84M | $240.31M | - | - | - |
| Total Assets | $94.11M | $255.40M | $252.85M | - | - | - |
| Current Liabilities | $5.30M | $7.85M | $7.85M | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $21.05M | $9.71M | $9.71M | - | - | - |
| Stockholders' Equity | $73.06M | $245.69M | $243.14M | - | - | - |
| Retained Earnings | ($330.39M) | ($149.11M) | ($151.65M) | - | - | - |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($61.67M) | ($60.72M) | ($22.49M) | - | - | - |
| Investing Cash Flow | ($6.45M) | ($4.64M) | ($1.40M) | - | - | - |
| Financing Cash Flow | ($91.9K) | $157.98M | $138.93M | - | - | - |
| CapEx | $745.4K | $4.64M | - | - | - | - |
| Free Cash Flow | ($62.42M) | ($65.36M) | - | - | - | - |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | -154.7% | -32.8% | -23.0% | - | - | - |
| Operating margin | -9039.8% | -855.6% | -4786.2% | - | - | - |
| EBITDA margin | -8473.2% | -804.4% | - | - | - | - |
| Net margin | -9464.1% | -569.2% | -11089.6% | - | - | - |
| Free cash flow margin | -10258.4% | -959.4% | - | - | - | - |
| FCF / Net income | 1.08 | 1.69 | - | - | - | - |
| R&D / Revenue | 1504.5% | 250.9% | 1381.6% | - | - | - |
| SG&A / Revenue | 5333.5% | 583.6% | 1552.3% | - | - | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -61.2% | -15.2% | -24.9% | - | - | - |
| Return on equity | -78.8% | -15.8% | -25.9% | - | - | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 13.36 | 30.67 | 30.60 | - | - | - |
| Quick ratio | 12.91 | 30.21 | 30.14 | - | - | - |
| Cash ratio | 12.34 | 28.26 | 28.26 | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.29 | 1.04 | 1.04 | - | - | - |
| Liabilities / Assets | 0.22 | 0.04 | 0.04 | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.01 | 0.03 | 0.00 | - | - | - |
| Inventory turnover | - | 1.21 | 0.20 | - | - | - |
| Days sales outstanding | 85d | 20d | 239d | - | - | - |
| Days inventory outstanding | - | 301d | 1868d | - | - | - |
| Days payable outstanding | - | 105d | 3554d | - | - | - |
| Cash conversion cycle | - | 216d | -1447d | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -91.1% | - | - | - | - | - |
| Revenue CAGR (3y) | 2.3% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | 57.9% | - | - | - | - | - |
| Operating income growth (YoY) | 5.6% | - | - | - | - | - |
| Net income growth (YoY) | -48.5% | - | - | - | - | - |
| EPS growth (YoY) | -37.1% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 4.5% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -70.3% | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Geographic
$608.4K totalUS$608.4K · 100.0%
Stability scores
Altman Z′
FY 2023 · bankruptcy risk
-2.83
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 2023 · 9-point quality
0/9
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: Motor Vehicles & Passenger Car Bodies
Comparing ELECTRAMECCANICA VEHICLES CORP. against the 5 most active filers in the same SIC group.