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GreenPower Motor (GP)
NASDAQ:GP
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.17Last Year’s EPS
-0.18Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2019
|% Change Since: -2.79%
|Next Earnings Date:Aug 29, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth and operational improvements, particularly in the production and order pipeline for electric vehicles. However, the company faces challenges in improving gross profit margins and capitalizing on tradable credits in a nascent market. Despite these challenges, the overall sentiment leans towards optimism due to strategic positioning and state-level opportunities in the EV sector.Company Guidance
During the GreenPower Motor Company's Q2 2025 earnings call, executives provided detailed guidance on several key metrics and strategic initiatives. The company reported a revenue of $5.3 million for the quarter ending September 30, 2024, marking a 78% increase from the previous quarter, with a gross profit of $460,000, or 8.6% of revenues. Despite facing some challenges in their Truck Body division, GreenPower expects improved gross profit margins as throughput increases. The company is leveraging California's Advanced Clean Truck regulation and similar programs to generate tradable credits, aiming to monetize hundreds of these credits. GreenPower also highlighted their operational enhancements, including a new paint booth and production floor layout, to support their goal of building and shipping 20 units monthly. Furthermore, the company successfully raised $3 million through an underwritten offering to bolster the production of their electric vehicles. Overall, GreenPower is focused on steady growth and maintaining quality while reducing costs and enhancing profitability.Significant Revenue Growth
For the 3 months ended September 30, 2024, GreenPower generated revenue of $5.3 million, which was a 78% increase over revenue generated in the first quarter.
Reduction in SG&A Costs
SG&A costs declined by $630,000 or 12.1% compared to the quarter ended September 30, 2023, primarily due to reductions in professional fees and share-based payments.
Increase in Vehicle Production
GreenPower has been increasing the number of units on the factory floor, with the goal to consistently build and ship 20 units per month.
Expansion of Clean Vehicle Strategy
GreenPower has over 300 live orders and qualified leads for all-electric school buses, capitalizing on state policies for electrification of school buses in states like California and New York.
Tradable Credits Opportunity
GreenPower has generated hundreds of tradable credits from California's Advanced Clean Truck regulation and is actively working on monetizing these credits.
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GP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | $0.82 | $0.79 | -4.37% |
| Aug 14, 2024 | $0.75 | $0.88 | +16.31% |
| Feb 13, 2024 | $2.85 | $2.59 | -9.12% |
| Nov 14, 2023 | $3.18 | $3.06 | -3.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GreenPower Motor (GP) report earnings?
GreenPower Motor (GP) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is GreenPower Motor (GP) earnings time?
GreenPower Motor (GP) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GP EPS forecast?
GP EPS forecast for the fiscal quarter 2025 (Q3) is -0.17.
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