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

Electrameccanica Vehicles

09/08/2023 13:01

* Electrameccanica Vehicles Corp  SOLO.OQ  reported a
quarterly
adjusted loss of 13 cents​​ per share for the quarter ended in
June. The mean expectation of two analysts for the quarter was
for a loss of 16 cents per share.
    * Revenue fell 92.9% to C$140.00 thousand from a year ago;
analysts expected C$2.10 million. 
    * Electrameccanica Vehicles Corp's reported EPS for the
quarter
was a loss of 13 cents​.
    * The mean earnings estimate of analysts was unchanged 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 19.1%
this
quarter and gained 22.5% so far this year.
    * The company reported a quarterly loss of C$17.28 million.
    * Wall Street's median 12-month price target for
Electrameccanica
Vehicles Corp is $1.05 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 12:01 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.16          -0.13          Beat
 Mar. 31 2023      -0.18          -0.13          Beat
 Dec. 31 2022      -0.13          -0.73          Missed
 Sep. 30 2022      -0.16          -0.23          Missed