Electrameccanica Vehicles Corp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.05
Dividend & YieldN/A$ (N/A)
Beta 2.19
Market capitalization 131.97M
Operating cash flow -78.14M
ESG Scores unknown

Company description

Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. Its flagship product is the SOLO, a single seat vehicle. The company is also developing Tofino, an all-electric two-seater roadster. It also develops and manufactures custom built vehicles. The company sells its vehicles online through electrameccanica.com, as well as through 17 retail locations. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Burnaby, Canada.

Sector: Consumer Cyclical - Industry: Auto Manufacturers

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 48.59k 755.1k 392.54k 4.54M
Total Cashflows From Investing Activities -3.31M -2.81M -1.4M -4.79M
Net Borrowings -1.26M -472.24k -414.07k -735.8k
Total Cash From Financing Activities 23.32M 13.79M 138.93M 157.68M
Change To Operating Activities -1.07M -3.07M 327.55k -10.4M
Issuance Of Stock 24.57M 14.27M 139.23M 158.19M
Net Income -7.75M -23.21M -63.05M -41.33M
Change In Cash 7.11M -5.39M 120.89M 92.48M
Effect Of Exchange Rate -867.46k 559.66k 5.85M 587
Total Cash From Operating Activities -12.02M -16.93M -22.49M -60.42M
Depreciation 214.98k 804.21k 1.6M 4.25M
Change To Account Receivables -730.35k 660.62k 183.86k -320.99k
Other Cashflows From Financing Activities -11.76k -11.76k 110.39k 432.74k
Change To Netincome -2.6M 7.38M 38.05M -12.45M
Capital Expenditures -3.22M -2.75M -1.4M -4.64M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 4.29M 7.43M 8.67M 17.09M
Income Before Tax -7.75M -23.29M -63.08M -41.33M
Net Income -7.75M -23.21M -63.05M -41.33M
Selling General Administrative 5.31M 13.27M 18.41M 41.47M
Gross Profit 155.96k 98.04k -130.93k -2.23M
Ebit -13.01M -20.61M -27.21M -60.8M
Operating Income -13.01M -20.61M -27.21M -60.8M
Interest Expense
Income Tax Expense -1.29k -79.12k -32.55k 850
Total Revenue 599.76k 585.58k 568.52k 2.1M
Cost Of Revenue 443.8k 487.54k 699.46k 4.33M
Total Other Income ExpenseNet 5.26M -2.68M -35.87M 19.47M
Net Income From Continuing Ops -7.75M -23.21M -63.05M -41.33M
Net Income Applicable To Common Shares -7.75M -23.21M -63.05M -41.33M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 4.82M 8.73M 23.08M 9.71M
Total Stockholder Equity 16.79M 14.63M 122.68M 243.14M
Other Current Liabilities 466.02k 716.98k 518.87k 650.92k
Total Assets 21.6M 23.36M 145.75M 252.85M
Common Stock 34.17M 50.62M 212.06M 372.28M
Other Current Assets
Retained Earnings -22.99M -47.28M -110.33M -151.65M
Treasury Stock 5.61M 11.29M 20.95M 22.51M
Cash 13.87M 8.56M 129.45M 221.93M
Total Current Liabilities 1.34M 2.61M 4.56M 7.85M
Other Stockholder Equity 5.61M 11.29M 20.95M 22.51M
Property, Plant, and Equipment 3.9M 7.71M 9.29M 10.12M
Total Current Assets 16.71M 14.56M 135.31M 240.31M
Net Tangible Assets 15.88M 13.67M 121.71M 242.17M
Net Receivables 872.59k 340.19k 213.35k 372.02k
Accounts Payable 465.81k 535.05k 1M 1.25M


Insider Transactions

Here are the insider transactions of stock shares related to Electrameccanica Vehicles Corp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Kroll (Jerry)Exercise of options at price 0.60 per share.D2022-11-22Director of Issuer227.27k
Bhullar (Baljinder)D2022-07-27Director of Issuer130.35k
Bhullar (Baljinder)D2022-07-27Director of Issuer39.1k
Bhullar (Baljinder)D2022-07-20Director of Issuer10.2k
Bhullar (Baljinder)D2022-07-20Director of Issuer34.01k
Moss (Isaac)Redemption, retraction, cancelation, repurchase at price 1.50 per share.D2022-07-20Senior Officer of Issuer9.83k
Moss (Isaac)D2022-07-20Senior Officer of Issuer32.75k
Reisner (Henry)Acquisition or disposition in the public market at price 1.98 per share.D2022-04-07Director of Issuer20.2k
Reisner (Henry)Acquisition or disposition in the public market at price 2.00 per share.D2022-04-07Director of Issuer4.8k
Reisner (Henry)Acquisition or disposition in the public market at price 2.05 per share.D2022-04-06Director of Issuer44.81k
Reisner (Henry)Acquisition or disposition in the public market at price 2.06 per share.D2022-04-06Director of Issuer20.19k
Reisner (Henry)Acquisition or disposition in the public market at price 2.11 per share.D2022-04-05Director of Issuer23.7k
Reisner (Henry)Acquisition or disposition in the public market at price 2.11 per share.D2022-04-05Director of Issuer100
Reisner (Henry)Acquisition or disposition in the public market at price 2.13 per share.D2022-04-05Director of Issuer66.2k
Reisner (Henry)Acquisition or disposition in the public market at price 2.21 per share.D2022-04-04Director of Issuer70k
Reisner (Henry)D2022-01-31Director of Issuer38.68k
Reisner (Henry)Redemption, retraction, cancelation, repurchase at price 1.78 per share.D2022-01-31Director of Issuer11.61k
Kroll (Jerry)Exercise of options at price 0.24 per share.D2022-01-14Director of Issuer1.25M
Kroll (Jerry)Acquisition or disposition in the public market at price 2.21 per share.I2022-01-11Director of Issuer20.79k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.21 per share.I2022-01-07Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.22 per share.I2022-01-06Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.27 per share.I2022-01-05Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.41 per share.I2022-01-04Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.46 per share.I2022-01-03Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.44 per share.I2021-12-30Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.26 per share.I2021-12-29Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.38 per share.I2021-12-28Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.42 per share.I2021-12-27Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.59 per share.I2021-12-23Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.51 per share.I2021-12-22Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.52 per share.I2021-12-21Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.47 per share.I2021-12-20Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.51 per share.I2021-12-17Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.57 per share.I2021-12-16Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.54 per share.I2021-12-15Director of Issuer19.19k
Reisner (Henry)Acquisition or disposition in the public market at price 2.56 per share.D2021-12-15Director of Issuer23k
Reisner (Henry)Acquisition or disposition in the public market at price 2.64 per share.D2021-12-14Director of Issuer100k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.63 per share.I2021-12-14Director of Issuer19.19k
Reisner (Henry)Acquisition or disposition in the public market at price 2.69 per share.D2021-12-13Director of Issuer67k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.65 per share.I2021-12-13Director of Issuer19.19k
Reisner (Henry)Acquisition or disposition in the public market at price 2.71 per share.D2021-12-10Director of Issuer60k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.71 per share.I2021-12-10Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.79 per share.I2021-12-09Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.84 per share.I2021-12-08Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.80 per share.I2021-12-07Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.73 per share.I2021-12-06Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.83 per share.I2021-12-03Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.73 per share.I2021-12-02Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.85 per share.I2021-12-01Director of Issuer19.19k
Kroll (Jerry)Acquisition or disposition in the public market at price 2.93 per share.I2021-11-30Director of Issuer19.19k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Electrameccanica Vehicles Corp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Electrameccanica Vehicles Corp

Here is the result of two systematic investment strategies applied to Electrameccanica Vehicles Corp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Electrameccanica Vehicles Corp

The following chart shows the equity curve of the two systematic investment strategies applied to Electrameccanica Vehicles Corp:

Electrameccanica Vehicles Corp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 24.87% on the backtest period.

Performance at glance

Performance

24.87 %

Latent gain

372.96 $

Invested capital

1499.7 $

Annualized return

7.58 %
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Momentum strategy results on Electrameccanica Vehicles Corp

This is the result of two momentum investment strategies applied to Electrameccanica Vehicles Corp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Electrameccanica Vehicles Corp

The following chart shows all the entries opened by the momentum investment system on Electrameccanica Vehicles Corp:

Electrameccanica Vehicles Corp momentum entries
  • The first momentum investment strategy would give 67.67% of return on Electrameccanica Vehicles Corp. That represents 2195.93$ of latent gain with 3245.05$ of employed capital.
  • The second momentum investment strategy would give 74.32% of return on Electrameccanica Vehicles Corp. That represents 2230.63$ of latent gain with 3001.49$ of employed capital.
Performance at glance (1Q Momentum)

Performance

67.67 %

Latent gain

2195.93 $

Invested capital

3245.05 $

Annualized return

-28.34 %
Performance at glance (2Q Momentum)

Performance

74.32 %

Latent gain

2230.63 $

Invested capital

3001.49 $

Annualized return

26.54 %

Momentum equity curve on Electrameccanica Vehicles Corp

The following chart shows the equity curve of the two momentum strategies applied to Electrameccanica Vehicles Corp:

Electrameccanica Vehicles Corp momentum equity

Note: the dividends potentially given by Electrameccanica Vehicles Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Electrameccanica Vehicles Corp

The following chart shows the employed capital evolution of the two momentum strategies on Electrameccanica Vehicles Corp since the beginning:

Electrameccanica Vehicles Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Electrameccanica Vehicles Corp

Buy the dip entry openings on Electrameccanica Vehicles Corp

Electrameccanica Vehicles Corp

The performance achieved by the robo-advisor on Electrameccanica Vehicles Corp is -36.27%. That represents -183.33$ of latent gain with 505.47$ of employed capital. The following chart shows Electrameccanica Vehicles Corp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Electrameccanica Vehicles Corp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-36.27 %

Latent gain

-183.33 $

Invested capital

505.47 $

Annualized return

-28.34 %

Equity curve of the strategy applied to Electrameccanica Vehicles Corp

The following chart shows the result of the investment strategy applied to Electrameccanica Vehicles Corp:

Electrameccanica Vehicles Corp

Note: the dividends potentially given by Electrameccanica Vehicles Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Electrameccanica Vehicles Corp

The following chart shows the employed capital evolution since the beginning of the investment strategy on Electrameccanica Vehicles Corp:

Electrameccanica Vehicles Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Electrameccanica Vehicles Corp

In this section, I will compare the three previous investment strategies applied to Electrameccanica Vehicles Corp.

Equity curve comparison on Electrameccanica Vehicles Corp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Electrameccanica Vehicles Corp investment strategy comparison

Employed capital comparison on Electrameccanica Vehicles Corp

Electrameccanica Vehicles Corp investment comparison

Performance comparison on Electrameccanica Vehicles Corp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 24.87% 372.96$ 1499.7$ 7.58%
Momentum 1 quarter 67.67% 2195.93$ 3245.05$ 22.26%
Momentum 2 quarters 74.32% 2230.63$ 3001.49$ 26.54%
Non-directional -36.27% -183.33$ 505.47$ -28.34%
Annualized return comparison

Automatic investment

7.58 %

Momentum 1Q

26.54 %

Momentum 2Q

26.54 %

Non-directional

-28.34 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Electrameccanica Vehicles Corp:

Positive correlations

Most correlated stocks this year

  • Electrameccanica Vehicles Corp

  • Most correlated stocks last 3 months

  • Electrameccanica Vehicles Corp

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Electrameccanica Vehicles Corp and the other stocks. There may be false positives or some missing correlated stocks. If the price of Electrameccanica Vehicles Corp does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Electrameccanica Vehicles Corp
    Country Canada
    City Burnaby
    Address 8057 North Fraser Way
    Phone
    Website www.electrameccanica.com
    FullTime employees 223
    Industry Auto Manufacturers
    Sector Consumer Cyclical
    Exchange XNAS
    Ticker SOLO
    Market www.nasdaq.com

    Electrameccanica Vehicles Corp ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown