Vicinity Motor Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 04:35 pm EST
Vicinity Motor Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 6.49 million compared to USD 1.52 million a year ago. Net loss was USD 4.39 million compared to USD 7.45 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.19 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.19 a year ago.
For the nine months, revenue was USD 13.96 million compared to USD 16.44 million a year ago. Net loss was USD 7.53 million compared to USD 14.12 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.37 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to USD 0.37 a year ago.