Canada's GreenPower Q3 revenue rises 18% on positive customer-order strategy

GreenPower Motor

13/02/2026 01:56

Overview

Electric vehicle maker's Q3 revenue rose to $8.5 mln, up from $7.2 mln last year

Company reported net income of $4.2 mln for Q3

Company highlighted transition to production strategy based on customer orders

Outlook

Company continues deployment of electric school buses in New Mexico pilot project

GreenPower transitions to building EVs based on customer orders

Company faces challenges with charging infrastructure and extreme weather conditions

Result Drivers

CUSTOMER-ORDER STRATEGY - Transition from building EVs on spec to customer orders drove results, per CEO Fraser Atkinson

SCHOOL BUS PROJECT - Deployment of all-electric school buses in New Mexico contributed to Q3 results, per President Brendan Riley

FINANCIAL RESTRUCTURING - Recapitalization through convertible preferred shares and term loans supported operations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$8.50 mln


Press Release: ID:nPn1NwqxSa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)