Envirotech Vehicles Inc. (EVTV) Financial Statements (2024 and earlier)

Company Profile

Business Address 1215 GRAPHITE DRIVE
CORONA, CA 92881
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4575,10112,8494,1367,2037,708
Cash and cash equivalents4572,7654,8464,1364,4323,759
Short-term investments  2,3368,003 2,7713,949
Restricted cash and investments  6060   
Receivables6922,0741,428147011,297
Inventory, net of allowances, customer advances and progress billings6,8315,6713,851354494 
Inventory6,8315,6713,851354494 
Prepaid expense6144463331,0831,197 
Other current assets162156 15411,175
Other undisclosed current assets3,3004,8304,5031(1)0
Total current assets:12,05618,33923,0235,6029,63610,180
Noncurrent Assets
Operating lease, right-of-use asset539    
Property, plant and equipment321368272102112150
Intangible assets, net (including goodwill)9,58414,68351,776   
Goodwill9,58414,68351,776   
Other noncurrent assets15493237464569503
Other undisclosed noncurrent assets    00(0)
Total noncurrent assets:10,59715,14452,284566681653
TOTAL ASSETS:22,65333,48475,3086,16810,31710,833
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2131,2561,5189061,0671,310
Accounts payable7616042389418342
Accrued liabilities4526531,280897649968
Debt269216322045,8201,700
Derivative instruments and hedges, liabilities      
Other undisclosed current liabilities291     
Total current liabilities:1,7741,4721,5501,1106,8873,010
Noncurrent Liabilities
Long-term debt and lease obligation101713207  
Long-term debt, excluding current maturities101713207  
Liabilities, other than long-term debt236 2216148219
Other liabilities   2216148219
Operating lease, liability236    
Total noncurrent liabilities:2461716423148219
Total liabilities:2,0201,4891,5661,5337,0353,229
Equity
Equity, attributable to parent20,63431,99573,7424,6353,2827,604
Common stock003111
Additional paid in capital85,24683,92381,86368,19862,45961,628
Accumulated deficit(64,612)(51,929)(8,124)(63,564)(59,178)(54,025)
Total equity:20,63431,99573,7424,6353,2827,604
TOTAL LIABILITIES AND EQUITY:22,65333,48475,3086,16810,31710,833

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,8634,5052,04361812,5615,011
Cost of revenue(1,857)(2,773)(1,281)(303)(11,627)(4,878)
Gross profit:1,0061,732761315934133
Operating expenses(13,720)(45,579)(8,485)(4,652)(6,147)(11,508)
Operating loss:(12,715)(43,847)(7,724)(4,337)(5,213)(11,375)
Nonoperating income (expense)3143293(49)60327
Other nonoperating income (expense)(4)(2)  18138
Interest and debt expense   288   
Loss from continuing operations before equity method investments, income taxes:(12,684)(43,804)(7,143)(4,386)(5,153)(11,048)
Other undisclosed loss from continuing operations before income taxes   (288)   
Loss from continuing operations before income taxes:(12,684)(43,804)(7,431)(4,386)(5,153)(11,048)
Income tax expense   (221)   
Loss from continuing operations:(12,684)(43,804)(7,652)(4,386)(5,153)(11,048)
Loss before gain (loss) on sale of properties:(7,652)(4,386)(5,153)(11,048)
Other undisclosed net loss   (0)   
Net loss available to common stockholders, diluted:(12,684)(43,804)(7,652)(4,386)(5,153)(11,048)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(12,684)(43,804)(7,652)(4,386)(5,153)(11,048)
Comprehensive loss, net of tax, attributable to parent:(12,684)(43,804)(7,652)(4,386)(5,153)(11,048)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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