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 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $1.44M | $104.0K | $1.04M | - | $1.44M | $1.55M | $1.04M | - | $110.1K |
| Cost of Revenue | - | - | $3.43M | $2.94M | - | $2.40M | $3.43M | $2.94M | - | $238.0K |
| Gross Profit | - | $521.9K | ($1.20M) | ($1.90M) | - | ($955.1K) | ($1.88M) | ($1.90M) | - | ($514) |
| R&D | - | $2.35M | $3.65M | $2.58M | - | $6.54M | $5.61M | $4.67M | - | $1.54M |
| SG&A | - | $10.19M | $9.06M | $8.88M | - | $11.27M | $9.76M | $8.61M | - | $7.35M |
| Total Operating Expenses | - | $14.52M | $17.78M | $13.80M | - | - | - | - | - | - |
| D&A | - | $1.24M | $1.10M | $1.17M | - | - | - | - | - | - |
| Operating Income | - | ($14.00M) | ($13.53M) | ($18.31M) | - | ($21.94M) | ($20.27M) | ($18.10M) | - | ($17.17M) |
| Interest Expense | - | - | - | - | - | $455.1K | $33.9K | - | - | - |
| Income Tax | - | - | $1.0K | - | - | - | $850 | - | - | ($8.5K) |
| Net Income | - | ($20.14M) | ($19.53M) | ($17.97M) | - | ($21.54M) | ($20.30M) | ($17.83M) | - | ($11.18M) |
| EPS - Basic | - | ($0.18) | ($0.10) | ($0.10) | - | ($0.11) | ($0.10) | ($0.15) | - | - |
| EPS - Diluted | - | ($0.16) | ($0.10) | ($0.10) | - | ($0.11) | ($0.17) | $0.00 | - | - |
Balance Sheet
| Line item | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $65.45M | $73.47M | $89.33M | $111.21M | $134.26M | $153.88M | $176.37M | $194.67M | $221.93M | $76.06M |
| Accounts Receivable | $142.1K | $300.8K | $409.1K | $275.7K | $274.0K | $105.2K | $202.1K | $157.6K | $372.0K | $333.3K |
| Inventory | $2.37M | $2.81M | $2.79M | $4.29M | $4.23M | $8.84M | $8.50M | $6.25M | $3.58M | $3.31M |
| Accounts Payable | $1.34M | $1.78M | $948.2K | $375.0K | $3.79M | $5.18M | $6.98M | $5.08M | $1.25M | $2.33M |
| Current Assets | $70.85M | $80.04M | $97.22M | $130.96M | $150.15M | $179.91M | $203.40M | $221.33M | $240.84M | $247.81M |
| Total Assets | $94.11M | $106.99M | $125.27M | $162.24M | $181.25M | $211.34M | $233.51M | $235.79M | $255.40M | $258.67M |
| Current Liabilities | $5.30M | $5.07M | $5.20M | $28.91M | $36.20M | $6.77M | $8.26M | $6.32M | $7.85M | $3.60M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $21.05M | $21.12M | $21.40M | $46.31M | $53.92M | $23.64M | $25.51M | $9.11M | $9.71M | $8.84M |
| Stockholders' Equity | $73.06M | $85.87M | $103.87M | $115.93M | $127.33M | $187.70M | $208.00M | $226.68M | $245.69M | $249.83M |
| Retained Earnings | ($330.39M) | ($316.78M) | ($297.98M) | ($285.12M) | ($272.81M) | ($211.33M) | ($189.78M) | ($169.49M) | ($149.11M) | ($134.80M) |
Cash Flow
| Line item | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($26.46M) | - | ($21.75M) | ($17.04M) | ($26.27M) | - | ($22.13M) |
| Investing Cash Flow | - | - | - | ($670.9K) | - | ($1.13M) | ($1.33M) | ($1.07M) | - | ($356.2K) |
| Financing Cash Flow | - | - | - | $274.7K | - | $435.8K | $58.9K | $80.3K | - | $43.11M |
| CapEx | - | - | - | $1.07M | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | ($27.53M) | - | - | - | - | - | - |
Ratios
| Metric | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 36.2% | -1155.7% | -183.3% | - | -66.3% | -121.8% | -183.3% | - | -0.5% |
| Operating margin | - | -971.9% | -13007.9% | -1763.0% | - | -1523.7% | -1310.5% | -1743.0% | - | -15585.7% |
| EBITDA margin | - | -885.5% | -11947.6% | -1650.2% | - | - | - | - | - | - |
| Net margin | - | -1398.7% | -18779.0% | -1729.7% | - | -1496.0% | -1312.2% | -1716.8% | - | -10150.1% |
| Free cash flow margin | - | - | - | -2650.4% | - | - | - | - | - | - |
| FCF / Net income | - | - | - | 1.53 | - | - | - | - | - | - |
| R&D / Revenue | - | 162.9% | 3510.6% | 248.8% | - | 454.3% | 363.0% | 449.7% | - | 1399.5% |
| SG&A / Revenue | - | 707.6% | 8708.7% | 854.9% | - | 782.9% | 631.2% | 829.3% | - | 6668.9% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -18.8% | -15.6% | -11.1% | - | -10.2% | -8.7% | -7.6% | - | -4.3% |
| Return on equity | - | -23.5% | -18.8% | -15.5% | - | -11.5% | -9.8% | -7.9% | - | -4.5% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 13.36 | 15.78 | 18.70 | 4.53 | 4.15 | 26.56 | 24.64 | 35.03 | 30.67 | 68.90 |
| Quick ratio | 12.91 | 15.23 | 18.17 | 4.38 | 4.03 | 25.25 | 23.61 | 34.04 | 30.21 | 67.98 |
| Cash ratio | 12.34 | 14.49 | 17.19 | 3.85 | 3.71 | 22.71 | 21.36 | 30.81 | 28.26 | 21.15 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | -48.2x | -597.5x | - | - | - |
| Equity multiplier | 1.29 | 1.25 | 1.21 | 1.40 | 1.42 | 1.13 | 1.12 | 1.04 | 1.04 | 1.04 |
| Liabilities / Assets | 0.22 | 0.20 | 0.17 | 0.29 | 0.30 | 0.11 | 0.11 | 0.04 | 0.04 | 0.03 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.01 | 0.00 | 0.01 | - | 0.01 | 0.01 | 0.00 | - | 0.00 |
| Inventory turnover | - | - | 1.23 | 0.69 | - | 0.27 | 0.40 | 0.47 | - | 0.07 |
| Days sales outstanding | - | 76d | 1436d | 97d | - | 27d | 48d | 55d | - | 1104d |
| Days inventory outstanding | - | - | 297d | 532d | - | 1347d | 905d | 775d | - | 5070d |
| Days payable outstanding | - | - | 101d | 47d | - | 790d | 742d | 630d | - | 3575d |
| Cash conversion cycle | - | - | 1632d | 582d | - | 584d | 210d | 201d | - | 2600d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 0.0% | -93.3% | 0.0% | - | 1207.6% | 417.6% | 1095.8% | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | 36.2% | 0.0% | - | -185710.9% | -11684.6% | -4991.3% | - | - |
| Operating income growth (YoY) | - | 36.2% | 33.3% | -1.1% | - | -27.8% | -32.3% | -252.3% | - | - |
| Net income growth (YoY) | - | 6.5% | 3.8% | -0.8% | - | -92.7% | -77.3% | -1156.8% | - | - |
| EPS growth (YoY) | - | -45.5% | 41.2% | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -42.6% | -54.3% | -50.1% | -48.9% | -48.2% | -24.9% | 390.8% | 109.6% | 100.3% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Geographic
$608.4K totalUS$608.4K · 100.0%
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.