GP - GreenPower Motors jumps after Q4 revenue triples from prior year

2023-07-17 08:55:28 ET

• GreenPower Motors’ ( NASDAQ: GP ) stock on Monday jumped 17% in premarket trading after the maker of electric trucks and busses beat the average estimates of Wall Street analysts.
• The small-cap company’s revenue more than tripled from a year earlier to $15.3 million as it delivered 123 vehicles to customers.
• For the full year ended March 31, the company’s revenue was $39.7 million with a gross profit of $7.3 million.
• "GreenPower continued with record-setting revenues and deliveries in the fourth quarter," Fraser Atkinson, GreenPower’s chairman and CEO, said in a statement. "Of significant note is the operational improvements we've made, which are critical in attaining profitable operations.”

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