VEV - Vicinity Motor GAAP EPS of -$0.05 revenue of $2.7M misses by $2.91M
2023-05-15 16:43:45 ET
- Vicinity Motor press release ( NASDAQ: VEV ): Q1 GAAP EPS of -$0.05.
- Revenue of $2.7M (-15.6% Y/Y) misses by $2.91M .
- Adjusted EBITDA loss in the first quarter of 2023 totaled $1.4 million, as compared to $2.1 million in the first quarter of 2022.
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Cash and cash equivalents as of March 31, 2023 totaled $1.8 million, as compared to $11.0 million as of March 31, 2022.
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Vicinity Motor GAAP EPS of -$0.05, revenue of $2.7M misses by $2.91M