Company research
ELECTRAMECCANICA VEHICLES CORP.
CIK 1637736Updated Sep 25, 2026
Securities
Historical securities (2)
SOLO · OTC · equity · closed Mar 25, 2024SOLOW · NASDAQ · warrant · closed Dec 3, 2024SOLO price & chart
Historical security
This listing closed Mar 25, 2024. Live provider charts are shown only for current listings.
In the news
No coverage from other publishers is available.
Recent filings
Show 5 more recent filings
Financials
FY 2023 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 94,110,110Source | 181,246,429Source | 255,398,037Source | 145,754,382Source |
| Property, Plant and Equipment, NetUSD | 11,090,868Source | 16,452,477Source | 8,386,478Source | — |
| GoodwillUSD | — | — | 549,760Source | 969,467Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 65,454,810Source | 134,255,538Source | 221,928,008Source | — |
| Inventory, NetUSD | 2,370,000Source | 4,233,055Source | 3,580,450Source | — |
| Assets, CurrentUSD | 70,854,727Source | 150,153,401Source | 240,844,878Source | — |
| Prepaid Expense and Other Assets, CurrentUSD | 2,887,808Source | 11,390,850Source | 14,964,399Source | — |
| Operating Lease, Right-of-Use AssetUSD | 7,336,243Source | 9,031,277Source | 1,737,409Source | — |
| Other Assets, NoncurrentUSD | 3,711,816Source | 5,081,869Source | 3,172,057Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 21,047,896Source | 53,920,902Source | 9,712,789Source | 23,075,092Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 398,868,610Source | 395,564,470Source | 390,290,103Source | — |
| Retained Earnings (Accumulated Deficit)USD | -330,387,368Source | -272,805,168Source | -149,106,655Source | — |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 4,580,972Source | 4,566,225Source | 4,501,800Source | — |
| Stockholders' Equity Attributable to ParentUSD | 73,062,214Source | 127,325,527Source | 245,685,248Source | — |
| Liabilities and EquityUSD | 94,110,110Source | 181,246,429Source | 255,398,037Source | — |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,304,361Source | 36,196,891Source | 7,853,979Source | — |
| Operating Lease, Liability, CurrentUSD | 1,028,676Source | 810,677Source | 392,279Source | — |
| Operating Lease, Liability, NoncurrentUSD | 15,492,841Source | 17,528,282Source | 1,494,992Source | — |
| Deferred Income Tax Liabilities, NetUSD | 1,252,225Source | 2,033,561Source | 1,265,471Source | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 2,584,374Source | 6,635,434Source | 4,817,820Source | — |
| Deferred Revenue, NoncurrentUSD | — | 119,253Source | 119,253Source | — |
| DeferredTaxAssetsUSD | — | — | — | 74,510,268Source |
| IssuedCapitalUSD | — | — | — | 212,058,836Source |
| TradeAndOtherCurrentPayablesUSD | — | — | — | 3,461,339Source |
| TradeAndOtherCurrentReceivablesUSD | — | — | — | 213,346Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -57,582,200Source | -123,698,513Source | -38,779,496Source | -63,046,905Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 3,447,008Source | 5,822,999Source | 3,483,981Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,570,269Source | 4,985,953Source | 5,065,330Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 36,017Source | 14,664,270Source | 4,714,161Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -61,669,794Source | -84,410,328Source | -60,721,233Source | — |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -6,447,873Source | -3,398,974Source | -4,638,821Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 745,416Source | 3,398,974Source | 4,638,821Source | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -91,911Source | 380,867Source | 157,984,675Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 66,571,266Source | 134,770,987Source | 222,219,684Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 9,857Source | -20,262Source | 587Source | — |
| Additional Financial Items | ||||
| AdjustmentsForDecreaseIncreaseInTradeAccountReceivableUSD | — | — | — | 183,863Source |
| AdjustmentsForIncreaseDecreaseInTradeAccountPayableUSD | — | — | — | 392,539Source |
| AdjustmentsForSharebasedPaymentsUSD | — | — | — | 6,260,985Source |
| Share-based Payment Arrangement, ExpenseUSD | 3,570,269Source | 4,985,954Source | 5,065,330Source | — |
| Capitalized Computer Software, AmortizationUSD | 1,374,645Source | 881,216Source | 134,071Source | — |
| DepreciationUSD | 2,072,363Source | 4,938,545Source | 3,480,055Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -68,448Source | -124,201Source | -9,758Source | — |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 55,591Source | -16,498Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -2,246,046Source | — | — | — |
| Gain (Loss) on Termination of LeaseUSD | 107,836Source | — | — | — |
| Gain (Loss) Related to Litigation SettlementUSD | 712,715Source | — | — | — |
| General and Administrative ExpenseUSD | 32,450,361Source | 39,755,257Source | 28,187,657Source | 15,778,172Source |
| GoodwillUSD | — | — | 549,760Source | 969,467Source |
| Goodwill, Impairment LossUSD | 6,000,000Source | 549,760Source | 0Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | 0Source | — |
| Income Tax Expense (Benefit)USD | 1,000Source | 23,554Source | 850Source | — |
| InterestPaidClassifiedAsFinancingActivitiesUSD | — | — | — | 300Source |
| Inventory Write-downUSD | 1,795,420Source | 13,829,497Source | 1,687,215Source | — |
| Investment Income, InterestUSD | 4,908,398Source | 2,301,218Source | 421,104Source | — |
| Net Income (Loss) Attributable to ParentUSD | -57,582,200Source | -123,698,513Source | -38,779,496Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 57,582,200Source | 123,698,513Source | 38,779,496Source | — |
| Operating ExpensesUSD | 54,059,407Source | 84,043,078Source | 56,051,877Source | — |
| Operating Lease, Impairment LossUSD | 828,193Source | — | — | — |
| Other Nonoperating Income (Expense)USD | -2,133,266Source | -44,764Source | 175,368Source | — |
| PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesUSD | — | — | — | 486,136Source |
| Proceeds from Issuance of Common StockUSD | — | — | 145,613,006Source | — |
| Proceeds from Stock Options ExercisedUSD | — | 487,054Source | 1,145,538Source | — |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 608,429Source | 6,812,446Source | 2,100,770Source | — |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | — | — | — | 15,778,172Source |
| Operating Income (Loss)USD | -55,000,599Source | -110,298,414Source | -58,285,788Source | — |
| Other Nonoperating Income (Expense)USD | -2,133,266Source | -44,764Source | 175,368Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -57,581,200Source | -123,674,959Source | -38,778,646Source | — |
| Income Tax Expense (Benefit)USD | 1,000Source | 23,554Source | 850Source | — |
| Net Income (Loss) Attributable to ParentUSD | -57,582,200Source | -123,698,513Source | -38,779,496Source | — |
| Earnings Per Share, BasicUSD per share | -0.48Source | -1.04Source | -0.35Source | — |
| Earnings Per Share, DilutedUSD per share | -0.48Source | -1.04Source | -0.35Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 119,288,852Source | 118,739,410Source | 111,720,726Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 119,288,852Source | 118,739,410Source | 111,720,726Source | — |
| Additional Financial Items | ||||
| BasicEarningsLossPerShareUSD per share | — | — | — | -1.08Source |
| Business Combination, Acquisition Related CostsUSD | 7,562,652Source | — | — | — |
| Capitalized Computer Software, AmortizationUSD | 1,374,645Source | 881,216Source | 134,071Source | — |
| CurrentTaxExpenseIncomeUSD | — | — | — | -404Source |
| DilutedEarningsLossPerShareUSD per share | — | — | — | -1.08Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -68,448Source | -124,201Source | -9,758Source | — |
| Gain (Loss) Related to Litigation SettlementUSD | 712,715Source | — | — | — |
| General and Administrative ExpenseUSD | 32,450,361Source | 39,755,257Source | 28,187,657Source | 15,778,172Source |
| Goodwill, Impairment LossUSD | 6,000,000Source | 549,760Source | 0Source | — |
| Gross ProfitUSD | -941,192Source | -26,255,336Source | -2,233,911Source | -130,934Source |
| IncomeTaxExpenseContinuingOperationsUSD | — | — | — | -32,148Source |
| InterestExpenseOnLeaseLiabilitiesUSD | — | — | — | 79,205Source |
| Investment Income, InterestUSD | 4,908,398Source | 2,301,218Source | 421,104Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 57,582,200Source | 123,698,513Source | 38,779,496Source | — |
| Operating ExpensesUSD | 54,059,407Source | 84,043,078Source | 56,051,877Source | — |
| OtherIncomeUSD | — | — | — | 395,372Source |
| ProfessionalFeesExpenseUSD | — | — | — | 2,073,022Source |
| ProfitLossBeforeTaxUSD | — | — | — | -63,079,457Source |
| ProfitLossFromOperatingActivitiesUSD | — | — | — | -27,210,487Source |
| Research and Development ExpenseUSD | 9,154,084Source | 22,031,212Source | 17,090,282Source | 8,666,247Source |
| RevenueUSD | — | — | — | 568,521Source |
| Selling and Marketing ExpenseUSD | 2,962,900Source | 14,663,968Source | 10,773,938Source | — |