Vicinity Motor Corp. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 11.74 million compared to USD 15.52 million a year ago. Net loss was USD 3.79 million compared to USD 0.344 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.01 a year ago.
For the six months, revenue was USD 14.93 million compared to USD 37.05 million a year ago. Net loss was USD 6.68 million compared to net income of USD 1.26 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.18 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.