Electrameccanica Vehicles Corp reports results for the quarter ended in December - Earnings Summary

Electrameccanica Vehicles

17/04/2023 13:00

* Electrameccanica Vehicles Corp  SOLO.OQ  reported a
quarterly
adjusted loss of 73 cents​​ per share for the quarter ended in
December. The mean expectation of two analysts for the quarter
was for a loss of 13 cents per share.
    * Revenue rose 98.9% to C$3.78 million from a year ago;
analysts
expected C$1.20 million. 
    * Electrameccanica Vehicles Corp's reported EPS for the
quarter
was a loss of 73 cents​.
    * The mean earnings estimate of analysts had risen by
about 23.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Electrameccanica Vehicles Corp shares had risen by 14.6%
this
quarter and lost 1.4% so far this year.
    * The company reported a quarterly loss of C$86.89 million.
    * Wall Street's median 12-month price target for
Electrameccanica
Vehicles Corp is $2.30 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 17 at 12:00 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.13          -0.73          Missed
 Sep. 30 2022      -0.16          -0.23          Missed
 Jun. 30 2022      -0.14          -0.22          Missed
 Mar. 31 2022      -0.14          -0.19          Missed