Vicinity Motor (VEV) Revenue & Revenue Breakdown
Vicinity Motor Revenue Highlights
Latest Revenue (Y)
$19.05M
Latest Revenue (Q)
$13.17M
Main Segment (Y)
Vehicle Sales
Main Geography (Y)
United States
Vicinity Motor Revenue by Period
Vicinity Motor Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $19.05M | 3.11% |
| 2022-12-31 | $18.48M | -55.70% |
| 2021-12-31 | $41.71M | 104.01% |
| 2020-12-31 | $20.44M | 8.34% |
| 2019-12-31 | $18.87M | -63.33% |
| 2018-12-31 | $51.45M | 18.27% |
| 2017-12-31 | $43.50M | 593.51% |
| 2016-08-31 | $6.27M | 37.38% |
| 2015-08-31 | $4.57M | 236.61% |
| 2014-08-31 | $1.36M | -60.11% |
| 2013-08-31 | $3.40M | 100.00% |
| 2012-08-31 | - | 100.00% |
| 2011-08-31 | - | 100.00% |
| 2010-08-31 | - | - |
Vicinity Motor generated $19.05M in revenue during NA 2023, up 3.11% compared to the previous quarter, and up 37.03% compared to the same period a year ago.
Vicinity Motor Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $13.17M | 151.73% |
| 2023-12-31 | $5.23M | -19.37% |
| 2023-09-30 | $6.49M | 34.78% |
| 2023-06-30 | $4.82M | 81.80% |
| 2023-03-31 | $2.65M | 30.17% |
| 2022-12-31 | $2.04M | 34.32% |
| 2022-09-30 | $1.51M | -87.10% |
| 2022-06-30 | $11.74M | 268.90% |
| 2022-03-31 | $3.18M | 4.54% |
| 2021-12-31 | $3.04M | 32.96% |
| 2021-09-30 | $2.29M | -85.13% |
| 2021-06-30 | $15.40M | -28.77% |
| 2021-03-31 | $21.62M | 401.30% |
| 2020-12-31 | $4.31M | -35.28% |
| 2020-09-30 | $6.66M | 4.61% |
| 2020-06-30 | $6.37M | 127.72% |
| 2020-03-31 | $2.80M | -35.71% |
| 2019-12-31 | $4.35M | 258.79% |
| 2019-09-30 | $1.21M | -86.59% |
| 2019-06-30 | $9.05M | 110.74% |
| 2019-03-31 | $4.29M | 13.01% |
| 2018-12-31 | $3.80M | -64.51% |
| 2018-09-30 | $10.70M | -44.34% |
| 2018-06-30 | $19.23M | 10.68% |
| 2018-03-31 | $17.38M | 83.15% |
| 2017-12-31 | $9.49M | -54.49% |
| 2017-09-30 | $20.85M | 130.17% |
| 2017-06-30 | $9.06M | 165.55% |
| 2017-03-31 | $3.41M | 222.80% |
| 2016-08-31 | $1.06M | 114.63% |
| 2016-05-31 | $492.35K | -87.02% |
| 2016-02-29 | $3.79M | 400.20% |
| 2015-11-30 | $758.07K | -45.34% |
| 2015-08-31 | $1.39M | 22.21% |
| 2015-05-31 | $1.13M | 4204.90% |
| 2015-02-28 | $26.36K | -98.80% |
| 2014-11-30 | $2.19M | 209.58% |
| 2014-08-31 | $707.07K | 108.19% |
| 2014-05-31 | $339.62K | 54.03% |
| 2014-02-28 | $220.49K | 157.80% |
| 2013-11-30 | $85.53K | -97.48% |
| 2013-08-31 | $3.40M | 100.00% |
| 2013-05-31 | - | 100.00% |
| 2013-02-28 | - | 100.00% |
| 2012-11-30 | - | - |
Vicinity Motor generated $13.17M in revenue during Q1 2024, up 151.73% compared to the previous quarter, and up 647.41% compared to the same period a year ago.
Vicinity Motor Revenue Breakdown
Vicinity Motor Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 |
|---|---|
| Other Revenue | $5.40M |
| Vehicle Sales | $13.65M |
Vicinity Motor's latest annual revenue breakdown by segment (product or service), as of Dec 23: Vehicle Sales (71.66%), and Other Revenue (28.34%).
Vicinity Motor Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 22 |
|---|---|
| United States | $127.00K |
Vicinity Motor's latest annual revenue breakdown by geography, as of Dec 22: United States (100.00%).
Vicinity Motor Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| BLBD | Blue Bird | $1.13B | $345.92M |
| PTRA | Proterra | $309.36M | $86.15M |
| GP | GreenPower Motor Company | $39.70M | $8.38M |
| VEV | Vicinity Motor | $19.05M | $13.17M |
| FFIE | Faraday Future Intelligent Electric | $784.00K | $293.00K |
| SOLO | Electrameccanica Vehicles | $608.43K | $-1.04M |
| AYRO | Ayro | $498.92K | - |
| SEV | Sono Group | $16.00K | $138.00K |
VEV Revenue FAQ
What is Vicinity Motor’s yearly revenue?
Vicinity Motor's yearly revenue for 2023 was $19.05M, representing an increase of 3.11% compared to 2022. The company's yearly revenue for 2022 was $18.48M, representing a decrease of -55.70% compared to 2021. VEV's yearly revenue for 2021 was $41.71M, representing an increase of 104.01% compared to 2020.
What is Vicinity Motor’s quarterly revenue?
Vicinity Motor's quarterly revenue for Q1 2024 was $13.17M, a 151.73% increase from the previous quarter (Q4 2023), and a 397.35% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $5.23M, a -19.37% decrease from the previous quarter (Q3 2023), and a 157.19% increase year-over-year (Q4 2022). VEV's quarterly revenue for Q3 2023 was $6.49M, a 34.78% increase from the previous quarter (Q2 2023), and a 328.45% increase year-over-year (Q3 2022).
What is Vicinity Motor’s revenue growth rate?
Vicinity Motor's revenue growth rate for the last 3 years (2021-2023) was -54.33%, and for the last 5 years (2019-2023) was 0.96%.
What are Vicinity Motor’s revenue streams?
Vicinity Motor's revenue streams in c 23 are Other Revenue, and Vehicle Sales. Other Revenue generated $5.4M in revenue, accounting 28.34% of the company's total revenue Vehicle Sales generated $13.65M in revenue, accounting 71.66% of the company's total revenue
What is Vicinity Motor’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Vicinity Motor was Vehicle Sales. This segment made a revenue of $13.65M, representing 71.66% of the company's total revenue.