Envirotech Vehicles, Inc. (EVTV) 10-Year Financial Performance & Capital Metrics

EVTV • • Industrial / General

Consumer CyclicalAuto ManufacturersCommercial & Specialty VehiclesCommercial Delivery Vehicles

AboutEnvirotech Vehicles, Inc. provides zero-emission electric vehicles in the United States. The company also offers vehicle maintenance and inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities. The company was formerly known as ADOMANI, Inc. and changed its name to Envirotech Vehicles, Inc. in May 2021. Envirotech Vehicles, Inc. is based in Osceola, Arkansas.Show more

Revenue $2M -34.7%
EBITDA -$8M +38.6%
Net Income -$9M +30.2%
EPS (Diluted) -0.55 +34.5%
Gross Margin 26.14% -25.6%
EBITDA Margin -413.35% +6.0%
Operating Margin -423.53% +4.6%
Net Margin -473.19% -6.8%
ROE -42.59% +11.6%
ROIC -27.12% +28.3%
Debt/Equity 0.18 +369.1%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 88 (top 12%)

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 31.7% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y52.35%

5Y-31.68%

3Y-2.9%

TTM98.34%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-187.41%

EPS CAGR

10Y-

5Y-

3Y-

TTM-668.62%

ROCE

10Y Avg-286.69%

5Y Avg-43.27%

3Y Avg-56.29%

Latest-37.89%

Peer Comparison

Commercial Delivery Vehicles

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
WKHSWorkhorse Group Inc.	45.41M	5.16	-0.10	-49.47%	-6.07%	-200.91%	0.37
CENNCenntro Electric Group Limited	13.43M	0.15	-0.11	200.2%	-220.38%	-52.18%	0.29
EVTVEnvirotech Vehicles, Inc.	15.6M	3.23	-5.87	-34.68%	-7.54%	-14.97%	0.18

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	68K	425K	5.01M	12.56M	88.73K	2.04M	4.5M	2.86M	1.87M
Revenue Growth %	-1%	-	5.25%	10.79%	1.51%	-0.99%	22.02%	1.21%	-0.36%	-0.35%
Cost of Goods Sold+	7.1K	50K	390.23K	4.88M	11.68M	73.56K	1.28M	2.77M	1.86M	1.38M
COGS % of Revenue	-	0.74%	0.92%	0.97%	0.93%	0.83%	0.63%	0.62%	0.65%	0.74%
Gross Profit+	-7.1K	18K	34.77K	133K	885.42K	15.18K	761.38K	1.73M	1.01M	488.8K
Gross Margin %	-	0.26%	0.08%	0.03%	0.07%	0.17%	0.37%	0.38%	0.35%	0.26%
Gross Profit Growth %	-2.32%	3.53%	0.93%	2.82%	5.66%	-0.98%	49.17%	1.27%	-0.42%	-0.51%
Operating Expenses+	5.31M	9.55M	21.63M	11.12M	6.1M	426.13K	8.49M	8.49M	13.72M	8.41M
OpEx % of Revenue	-	140.47%	50.9%	2.22%	0.49%	4.8%	4.15%	1.88%	4.79%	4.5%
Selling, General & Admin	4.63M	9.4M	20.96M	10.82M	5.99M	426.13K	8.43M	8.34M	8.39M	8.22M
SG&A % of Revenue	-	138.21%	49.31%	2.16%	0.48%	4.8%	4.13%	1.85%	2.93%	4.39%
Research & Development	684K	154K	587K	300.94K	109K	75K	58.14K	149.91K	236.18K	192.88K
R&D % of Revenue	-	2.26%	1.38%	0.06%	0.01%	0.85%	0.03%	0.03%	0.08%	0.1%
Other Operating Expenses	0	0	88.77K	0	0	0	0	-1.76K	5.1M	0
Operating Income+	-5.32M	-9.53M	-21.6M	-10.99M	-5.21M	-410.96K	-7.72M	-43.85M	-12.71M	-7.92M
Operating Margin %	-	-140.21%	-50.82%	-2.19%	-0.42%	-4.63%	-3.78%	-9.73%	-4.44%	-4.24%
Operating Income Growth %	-2.22%	-0.79%	-1.27%	0.49%	0.53%	0.92%	-17.8%	-4.68%	0.71%	0.38%
EBITDA+	-5.31M	-9.52M	-21.58M	-10.95M	-5.16M	-393.29K	-7.65M	-43.75M	-12.59M	-7.73M
EBITDA Margin %	-	-140.02%	-50.78%	-2.18%	-0.41%	-4.43%	-3.75%	-9.71%	-4.4%	-4.13%
EBITDA Growth %	-2.22%	-0.79%	-1.27%	0.49%	0.53%	0.92%	-18.46%	-4.72%	0.71%	0.39%
D&A (Non-Cash Add-back)	7.1K	12.8K	18.6K	43.35K	48.58K	17.67K	70.73K	97.24K	128.8K	190.55K
EBIT	-5.33M	-9.54M	-21.58M	-11.05M	-5.15M	-403.96K	-7.04M	-6.75M	-7.62M	-7.92M
Net Interest Income+	0	0	0	0	0	-2.86K	4.41K	45.03K	34.84K	7.67K
Interest Income	0	0	0	0	42K	0	4.41K	45.03K	34.84K	7.67K
Interest Expense	702K	1.15M	-322K	189K	42K	2.86K	0	0	0	0
Other Income/Expense	-718K	-1.15M	-302K	-58.06K	60K	4.14K	292.6K	43.26K	30.68K	-928.62K
Pretax Income+	-6.04M	-10.69M	-21.9M	-11.05M	-5.15M	-406.82K	-7.43M	-43.8M	-12.68M	-8.85M
Pretax Margin %	-	-157.13%	-51.53%	-2.2%	-0.41%	-4.58%	-3.64%	-9.72%	-4.43%	-4.73%
Income Tax+	-2	-4	3K	0	0	-127.3K	220.7K	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	0.69%	1.03%	1%	1%	1%
Net Income+	-6.04M	-10.69M	-21.9M	-11.05M	-5.15M	-279.52K	-7.65M	-43.8M	-12.68M	-8.85M
Net Margin %	-	-157.13%	-51.54%	-2.2%	-0.41%	-3.15%	-3.75%	-9.72%	-4.43%	-4.73%
Net Income Growth %	-2.65%	-0.77%	-1.05%	0.5%	0.53%	0.95%	-26.38%	-4.72%	0.71%	0.3%
Net Income (Continuing)	-6.04M	-10.69M	-21.9M	-11.05M	-5.15M	-279.52K	-7.65M	-43.8M	-12.68M	-8.85M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.77	-3.14	-6.60	-3.06	-1.41	-0.07	-0.67	-2.92	-0.84	-0.55
EPS Growth %	-2.65%	-0.77%	-1.1%	0.54%	0.54%	0.95%	-8.41%	-3.36%	0.71%	0.35%
EPS (Basic)	-1.77	-3.14	-6.60	-3.06	-1.41	-0.07	-0.67	-2.92	-0.84	-0.55
Diluted Shares Outstanding	3.4M	3.4M	3.33M	3.61M	3.65M	3.93M	11.45M	14.99M	15.06M	16.21M
Basic Shares Outstanding	3.4M	3.4M	3.33M	3.61M	3.65M	3.93M	11.45M	14.99M	15.06M	16.21M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.55M	2.75M	4.45M	10.18M	9.64M	1.94M	23.02M	18.34M	12.06M	17.64M
Cash & Short-Term Investments	4.54M	938K	2.45M	7.71M	7.2M	136.22K	12.85M	5.1M	456.72K	1.94M
Cash Only	4.54M	938K	2.45M	3.76M	4.43M	136.22K	4.85M	2.77M	456.72K	1.94M
Short-Term Investments	0	0	0	3.95M	2.77M	0	8M	2.34M	0	0
Accounts Receivable	0	454K	1M	1.3M	661K	9K	1.43M	2.07M	692.1K	2.01M
Days Sales Outstanding	-	2.44K	858.82	94.47	19.21	37.02	255.15	168.03	88.24	392.31
Inventory	0	314K	225K	0	494K	0	3.85M	5.67M	10.13M	6.42M
Days Inventory Outstanding	-	2.29K	210.45	-	15.44	-	1.1K	746.58	1.99K	1.7K
Other Current Assets	10K	1.04M	778K	1.18M	976.2K	1.79M	4.56M	216.86K	162.12K	101.79K
Total Non-Current Assets+	153K	661K	873K	653K	681K	469.59K	52.28M	15.14M	10.6M	15.04M
Property, Plant & Equipment	19K	417K	487K	150K	112K	227.56K	272.11K	368.46K	859.62K	700.68K
Fixed Asset Turnover	-	0.16x	0.87x	33.41x	112.15x	0.39x	7.51x	12.23x	3.33x	2.67x
Goodwill	0	0	0	0	0	0	51.78M	14.68M	9.58M	10.1M
Intangible Assets	0	0	0	0	0	0	0	0	0	3.97M
Long-Term Investments	110K	120K	0	0	0	0	0	0	0	0
Other Non-Current Assets	24K	124K	386K	503K	569K	242.03K	236.64K	93.37K	153.56K	263.12K
Total Assets+	4.7M	3.41M	5.32M	10.83M	10.32M	2.41M	75.31M	33.48M	22.65M	32.67M
Asset Turnover	-	0.02x	0.08x	0.46x	1.22x	0.04x	0.03x	0.13x	0.13x	0.06x
Asset Growth %	48.33%	-0.28%	0.56%	1.04%	-0.05%	-0.77%	30.26%	-0.56%	-0.32%	0.44%
Total Current Liabilities+	498K	6.11M	2.69M	3.01M	6.89M	2.73M	1.55M	1.47M	1.77M	11.74M
Accounts Payable	5K	107K	30K	342K	418K	345.38K	238.46K	603.74K	760.8K	1.47M
Days Payables Outstanding	256.97	781.1	28.06	25.59	13.07	1.71K	67.92	79.48	149.52	388.48
Short-Term Debt	0	5.77M	2.15M	1.7M	5.82M	0	31.79K	215.77K	269.25K	3.6M
Deferred Revenue (Current)	68K	0	0	0	0	0	0	0	0	1000K
Other Current Liabilities	425K	236K	514K	968K	649K	0	0	0	0	132.41K
Current Ratio	9.13x	0.45x	1.65x	3.38x	1.40x	0.71x	14.85x	12.46x	6.80x	1.50x
Quick Ratio	9.13x	0.40x	1.57x	3.38x	1.33x	0.71x	12.37x	8.61x	1.09x	0.96x
Cash Conversion Cycle	-	3.95K	1.04K	-	21.58	-	1.28K	835.13	1.93K	1.7K
Total Non-Current Liabilities+	5.05M	0	289K	219K	148K	152.84K	15.67K	16.67K	246.04K	4.17K
Long-Term Debt	5.05M	0	0	0	0	152.84K	13.24K	16.67K	10.42K	4.17K
Capital Lease Obligations	0	0	0	0	0	0	2.43K	0	235.63K	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	289K	219K	148K	0	0	0	0	0
Total Liabilities	5.55M	6.11M	2.98M	3.23M	7.04M	2.88M	1.57M	1.49M	2.02M	11.75M
Total Debt+	5.05M	5.77M	2.15M	1.7M	5.82M	152.84K	178.71K	232.44K	806.55K	3.84M
Net Debt	511K	4.83M	-297K	-2.06M	1.39M	16.61K	-4.67M	-2.53M	349.83K	1.9M
Debt / Equity	-	-	0.92x	0.22x	1.77x	-	0.00x	0.01x	0.04x	0.18x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-7.57x	-8.30x	-	-58.15x	-124.12x	-143.49x	-	-	-	-
Total Equity+	-846K	-2.71M	2.34M	7.6M	3.28M	-472.16K	73.74M	31.99M	20.63M	20.92M
Equity Growth %	-17.05%	-2.2%	1.86%	2.25%	-0.57%	-1.14%	157.18%	-0.57%	-0.36%	0.01%
Book Value per Share	-0.25	-0.80	0.70	2.11	0.90	-0.12	6.44	2.13	1.37	1.29
Total Shareholders' Equity	-846K	-2.71M	2.34M	7.6M	3.28M	-472.16K	73.74M	31.99M	20.63M	20.92M
Common Stock	1K	1K	1K	1K	1K	100	2.98K	150	152	201
Retained Earnings	-10.39M	-21.07M	-42.98M	-54.02M	-59.18M	-472.26K	-8.12M	-51.93M	-64.61M	-73.46M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.1M	-2.91M	-5.58M	-5.63M	-4.58M	1.53M	-12.94M	-7.43M	-4.25M	-3.5M
Operating CF Margin %	-	-42.76%	-13.12%	-1.12%	-0.36%	17.2%	-6.33%	-1.65%	-1.48%	-1.87%
Operating CF Growth %	-0.47%	-0.38%	-0.92%	-0.01%	0.19%	1.33%	-9.48%	0.43%	0.43%	0.17%
Net Income	-6.04M	-10.69M	-21.9M	-11.05M	-5.15M	-279.52K	-7.65M	-43.8M	-12.68M	-8.85M
Depreciation & Amortization	7.1K	12.8K	18.6K	43.35K	48.58K	17.67K	70.28K	97.24K	128.8K	190.55K
Stock-Based Compensation	0	0	15.04M	6.41M	769K	347K	3.41M	1.61M	1.32M	1.89M
Deferred Taxes	0	0	-13K	670K	83K	0	308.55K	2.35T	0	0
Other Non-Cash Items	3.47M	8.37M	16.79M	6.45M	1.31M	-347K	-290.52K	-2.35T	5.13M	672.17K
Working Capital Changes	466K	-461K	-367K	-516K	-582K	1.79M	-8.79M	-2.67M	1.86M	2.59M
Change in Receivables	0	0	0	-997K	308K	-116.3K	-1.65M	-525.6K	1.36M	381.35K
Change in Inventory	0	-314K	89K	210K	-494K	140K	-3.2M	-1.82M	370.28K	414.22K
Change in Payables	0	199K	-76K	312K	76K	-409K	-235.31B	365.28B	111.84K	709.3K
Cash from Investing+	-113K	-871K	-614K	-3.71M	1.13M	-73.09K	-4.68M	5.51M	2.31M	-4.71M
Capital Expenditures	-3K	-411K	-114K	-79K	-13K	-73.09K	-27.96K	-168.58K	-35.81K	-430.33K
CapEx % of Revenue	-	6.04%	0.27%	0.02%	0%	0.82%	0.01%	0.04%	0.01%	0.23%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-450K	-500K	300K	-38K	-2.77M	3.37M	5.68M	0	0
Cash from Financing+	6.63M	180K	7.7M	10.65M	4.13M	152.84K	20.59M	-156.69K	-430.48K	9.7M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-54K	0	0	0	0	-188.01K	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.11M	-3.32M	-5.69M	-5.71M	-4.59M	1.45M	-12.96M	-7.6M	-4.28M	-3.94M
FCF Margin %	-	-48.81%	-13.39%	-1.14%	-0.37%	16.38%	-6.35%	-1.69%	-1.5%	-2.1%
FCF Growth %	-0.45%	-0.58%	-0.71%	-0%	0.2%	1.32%	-9.92%	0.41%	0.44%	0.08%
FCF per Share	-0.62	-0.98	-1.71	-1.58	-1.26	0.37	-1.13	-0.51	-0.28	-0.24
FCF Conversion (FCF/Net Income)	0.35x	0.27x	0.25x	0.51x	0.89x	-5.46x	1.69x	0.17x	0.33x	0.40x
Interest Paid	0	0	0	0	0	0	7.71K	0	0	26.17K
Taxes Paid	0	0	0	0	0	0	2.4K	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-936.03%	-222.2%	-94.67%	-19.9%	-20.89%	-82.86%	-48.2%	-42.59%
Return on Invested Capital (ROIC)	-	-798.94%	-777.28%	-217.25%	-76.55%	-14.63%	-16.88%	-66.75%	-37.81%	-27.12%
Gross Margin	-	26.47%	8.18%	2.65%	7.05%	17.1%	37.27%	38.45%	35.13%	26.14%
Net Margin	-	-15713.24%	-5153.65%	-220.48%	-41.02%	-315.01%	-374.58%	-972.43%	-443.05%	-473.19%
Debt / Equity	-	-	0.92x	0.22x	1.77x	-	0.00x	0.01x	0.04x	0.18x
Interest Coverage	-7.57x	-8.30x	-	-58.15x	-124.12x	-143.49x	-	-	-	-
FCF Conversion	0.35x	0.27x	0.25x	0.51x	0.89x	-5.46x	1.69x	0.17x	0.33x	0.40x
Revenue Growth	-100%	-	525%	1079.06%	150.67%	-99.29%	2202.19%	120.51%	-36.45%	-34.68%

Frequently Asked Questions

Growth & Financials

Envirotech Vehicles, Inc. (EVTV) reported $3.7M in revenue for fiscal year 2024. This represents a 13216% increase from $0.0M in 2013.

Envirotech Vehicles, Inc. (EVTV) saw revenue decline by 34.7% over the past year.

Envirotech Vehicles, Inc. (EVTV) reported a net loss of $27.9M for fiscal year 2024.

Dividend & Returns

Envirotech Vehicles, Inc. (EVTV) has a return on equity (ROE) of -42.6%. Negative ROE indicates the company is unprofitable.

Envirotech Vehicles, Inc. (EVTV) had negative free cash flow of $7.3M in fiscal year 2024, likely due to heavy capital investments.

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Envirotech Vehicles, Inc. (EVTV) 10-Year Financial Performance & Capital Metrics

EVTV • • Industrial / General

Consumer CyclicalAuto ManufacturersCommercial & Specialty VehiclesCommercial Delivery Vehicles

Revenue $2M -34.7%
EBITDA -$8M +38.6%
Net Income -$9M +30.2%
EPS (Diluted) -0.55 +34.5%
Gross Margin 26.14% -25.6%
EBITDA Margin -413.35% +6.0%
Operating Margin -423.53% +4.6%
Net Margin -473.19% -6.8%
ROE -42.59% +11.6%
ROIC -27.12% +28.3%
Debt/Equity 0.18 +369.1%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 88 (top 12%)

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 31.7% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y52.35%

5Y-31.68%

3Y-2.9%

TTM98.34%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-187.41%

EPS CAGR

10Y-

5Y-

3Y-

TTM-668.62%

ROCE

10Y Avg-286.69%

5Y Avg-43.27%

3Y Avg-56.29%

Latest-37.89%

Peer Comparison

Commercial Delivery Vehicles

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
WKHSWorkhorse Group Inc.	45.41M	5.16	-0.10	-49.47%	-6.07%	-200.91%	0.37
CENNCenntro Electric Group Limited	13.43M	0.15	-0.11	200.2%	-220.38%	-52.18%	0.29
EVTVEnvirotech Vehicles, Inc.	15.6M	3.23	-5.87	-34.68%	-7.54%	-14.97%	0.18

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	68K	425K	5.01M	12.56M	88.73K	2.04M	4.5M	2.86M	1.87M
Revenue Growth %	-1%	-	5.25%	10.79%	1.51%	-0.99%	22.02%	1.21%	-0.36%	-0.35%
Cost of Goods Sold+	7.1K	50K	390.23K	4.88M	11.68M	73.56K	1.28M	2.77M	1.86M	1.38M
COGS % of Revenue	-	0.74%	0.92%	0.97%	0.93%	0.83%	0.63%	0.62%	0.65%	0.74%
Gross Profit+	-7.1K	18K	34.77K	133K	885.42K	15.18K	761.38K	1.73M	1.01M	488.8K
Gross Margin %	-	0.26%	0.08%	0.03%	0.07%	0.17%	0.37%	0.38%	0.35%	0.26%
Gross Profit Growth %	-2.32%	3.53%	0.93%	2.82%	5.66%	-0.98%	49.17%	1.27%	-0.42%	-0.51%
Operating Expenses+	5.31M	9.55M	21.63M	11.12M	6.1M	426.13K	8.49M	8.49M	13.72M	8.41M
OpEx % of Revenue	-	140.47%	50.9%	2.22%	0.49%	4.8%	4.15%	1.88%	4.79%	4.5%
Selling, General & Admin	4.63M	9.4M	20.96M	10.82M	5.99M	426.13K	8.43M	8.34M	8.39M	8.22M
SG&A % of Revenue	-	138.21%	49.31%	2.16%	0.48%	4.8%	4.13%	1.85%	2.93%	4.39%
Research & Development	684K	154K	587K	300.94K	109K	75K	58.14K	149.91K	236.18K	192.88K
R&D % of Revenue	-	2.26%	1.38%	0.06%	0.01%	0.85%	0.03%	0.03%	0.08%	0.1%
Other Operating Expenses	0	0	88.77K	0	0	0	0	-1.76K	5.1M	0
Operating Income+	-5.32M	-9.53M	-21.6M	-10.99M	-5.21M	-410.96K	-7.72M	-43.85M	-12.71M	-7.92M
Operating Margin %	-	-140.21%	-50.82%	-2.19%	-0.42%	-4.63%	-3.78%	-9.73%	-4.44%	-4.24%
Operating Income Growth %	-2.22%	-0.79%	-1.27%	0.49%	0.53%	0.92%	-17.8%	-4.68%	0.71%	0.38%
EBITDA+	-5.31M	-9.52M	-21.58M	-10.95M	-5.16M	-393.29K	-7.65M	-43.75M	-12.59M	-7.73M
EBITDA Margin %	-	-140.02%	-50.78%	-2.18%	-0.41%	-4.43%	-3.75%	-9.71%	-4.4%	-4.13%
EBITDA Growth %	-2.22%	-0.79%	-1.27%	0.49%	0.53%	0.92%	-18.46%	-4.72%	0.71%	0.39%
D&A (Non-Cash Add-back)	7.1K	12.8K	18.6K	43.35K	48.58K	17.67K	70.73K	97.24K	128.8K	190.55K
EBIT	-5.33M	-9.54M	-21.58M	-11.05M	-5.15M	-403.96K	-7.04M	-6.75M	-7.62M	-7.92M
Net Interest Income+	0	0	0	0	0	-2.86K	4.41K	45.03K	34.84K	7.67K
Interest Income	0	0	0	0	42K	0	4.41K	45.03K	34.84K	7.67K
Interest Expense	702K	1.15M	-322K	189K	42K	2.86K	0	0	0	0
Other Income/Expense	-718K	-1.15M	-302K	-58.06K	60K	4.14K	292.6K	43.26K	30.68K	-928.62K
Pretax Income+	-6.04M	-10.69M	-21.9M	-11.05M	-5.15M	-406.82K	-7.43M	-43.8M	-12.68M	-8.85M
Pretax Margin %	-	-157.13%	-51.53%	-2.2%	-0.41%	-4.58%	-3.64%	-9.72%	-4.43%	-4.73%
Income Tax+	-2	-4	3K	0	0	-127.3K	220.7K	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	0.69%	1.03%	1%	1%	1%
Net Income+	-6.04M	-10.69M	-21.9M	-11.05M	-5.15M	-279.52K	-7.65M	-43.8M	-12.68M	-8.85M
Net Margin %	-	-157.13%	-51.54%	-2.2%	-0.41%	-3.15%	-3.75%	-9.72%	-4.43%	-4.73%
Net Income Growth %	-2.65%	-0.77%	-1.05%	0.5%	0.53%	0.95%	-26.38%	-4.72%	0.71%	0.3%
Net Income (Continuing)	-6.04M	-10.69M	-21.9M	-11.05M	-5.15M	-279.52K	-7.65M	-43.8M	-12.68M	-8.85M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.77	-3.14	-6.60	-3.06	-1.41	-0.07	-0.67	-2.92	-0.84	-0.55
EPS Growth %	-2.65%	-0.77%	-1.1%	0.54%	0.54%	0.95%	-8.41%	-3.36%	0.71%	0.35%
EPS (Basic)	-1.77	-3.14	-6.60	-3.06	-1.41	-0.07	-0.67	-2.92	-0.84	-0.55
Diluted Shares Outstanding	3.4M	3.4M	3.33M	3.61M	3.65M	3.93M	11.45M	14.99M	15.06M	16.21M
Basic Shares Outstanding	3.4M	3.4M	3.33M	3.61M	3.65M	3.93M	11.45M	14.99M	15.06M	16.21M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.55M	2.75M	4.45M	10.18M	9.64M	1.94M	23.02M	18.34M	12.06M	17.64M
Cash & Short-Term Investments	4.54M	938K	2.45M	7.71M	7.2M	136.22K	12.85M	5.1M	456.72K	1.94M
Cash Only	4.54M	938K	2.45M	3.76M	4.43M	136.22K	4.85M	2.77M	456.72K	1.94M
Short-Term Investments	0	0	0	3.95M	2.77M	0	8M	2.34M	0	0
Accounts Receivable	0	454K	1M	1.3M	661K	9K	1.43M	2.07M	692.1K	2.01M
Days Sales Outstanding	-	2.44K	858.82	94.47	19.21	37.02	255.15	168.03	88.24	392.31
Inventory	0	314K	225K	0	494K	0	3.85M	5.67M	10.13M	6.42M
Days Inventory Outstanding	-	2.29K	210.45	-	15.44	-	1.1K	746.58	1.99K	1.7K
Other Current Assets	10K	1.04M	778K	1.18M	976.2K	1.79M	4.56M	216.86K	162.12K	101.79K
Total Non-Current Assets+	153K	661K	873K	653K	681K	469.59K	52.28M	15.14M	10.6M	15.04M
Property, Plant & Equipment	19K	417K	487K	150K	112K	227.56K	272.11K	368.46K	859.62K	700.68K
Fixed Asset Turnover	-	0.16x	0.87x	33.41x	112.15x	0.39x	7.51x	12.23x	3.33x	2.67x
Goodwill	0	0	0	0	0	0	51.78M	14.68M	9.58M	10.1M
Intangible Assets	0	0	0	0	0	0	0	0	0	3.97M
Long-Term Investments	110K	120K	0	0	0	0	0	0	0	0
Other Non-Current Assets	24K	124K	386K	503K	569K	242.03K	236.64K	93.37K	153.56K	263.12K
Total Assets+	4.7M	3.41M	5.32M	10.83M	10.32M	2.41M	75.31M	33.48M	22.65M	32.67M
Asset Turnover	-	0.02x	0.08x	0.46x	1.22x	0.04x	0.03x	0.13x	0.13x	0.06x
Asset Growth %	48.33%	-0.28%	0.56%	1.04%	-0.05%	-0.77%	30.26%	-0.56%	-0.32%	0.44%
Total Current Liabilities+	498K	6.11M	2.69M	3.01M	6.89M	2.73M	1.55M	1.47M	1.77M	11.74M
Accounts Payable	5K	107K	30K	342K	418K	345.38K	238.46K	603.74K	760.8K	1.47M
Days Payables Outstanding	256.97	781.1	28.06	25.59	13.07	1.71K	67.92	79.48	149.52	388.48
Short-Term Debt	0	5.77M	2.15M	1.7M	5.82M	0	31.79K	215.77K	269.25K	3.6M
Deferred Revenue (Current)	68K	0	0	0	0	0	0	0	0	1000K
Other Current Liabilities	425K	236K	514K	968K	649K	0	0	0	0	132.41K
Current Ratio	9.13x	0.45x	1.65x	3.38x	1.40x	0.71x	14.85x	12.46x	6.80x	1.50x
Quick Ratio	9.13x	0.40x	1.57x	3.38x	1.33x	0.71x	12.37x	8.61x	1.09x	0.96x
Cash Conversion Cycle	-	3.95K	1.04K	-	21.58	-	1.28K	835.13	1.93K	1.7K
Total Non-Current Liabilities+	5.05M	0	289K	219K	148K	152.84K	15.67K	16.67K	246.04K	4.17K
Long-Term Debt	5.05M	0	0	0	0	152.84K	13.24K	16.67K	10.42K	4.17K
Capital Lease Obligations	0	0	0	0	0	0	2.43K	0	235.63K	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	289K	219K	148K	0	0	0	0	0
Total Liabilities	5.55M	6.11M	2.98M	3.23M	7.04M	2.88M	1.57M	1.49M	2.02M	11.75M
Total Debt+	5.05M	5.77M	2.15M	1.7M	5.82M	152.84K	178.71K	232.44K	806.55K	3.84M
Net Debt	511K	4.83M	-297K	-2.06M	1.39M	16.61K	-4.67M	-2.53M	349.83K	1.9M
Debt / Equity	-	-	0.92x	0.22x	1.77x	-	0.00x	0.01x	0.04x	0.18x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-7.57x	-8.30x	-	-58.15x	-124.12x	-143.49x	-	-	-	-
Total Equity+	-846K	-2.71M	2.34M	7.6M	3.28M	-472.16K	73.74M	31.99M	20.63M	20.92M
Equity Growth %	-17.05%	-2.2%	1.86%	2.25%	-0.57%	-1.14%	157.18%	-0.57%	-0.36%	0.01%
Book Value per Share	-0.25	-0.80	0.70	2.11	0.90	-0.12	6.44	2.13	1.37	1.29
Total Shareholders' Equity	-846K	-2.71M	2.34M	7.6M	3.28M	-472.16K	73.74M	31.99M	20.63M	20.92M
Common Stock	1K	1K	1K	1K	1K	100	2.98K	150	152	201
Retained Earnings	-10.39M	-21.07M	-42.98M	-54.02M	-59.18M	-472.26K	-8.12M	-51.93M	-64.61M	-73.46M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.1M	-2.91M	-5.58M	-5.63M	-4.58M	1.53M	-12.94M	-7.43M	-4.25M	-3.5M
Operating CF Margin %	-	-42.76%	-13.12%	-1.12%	-0.36%	17.2%	-6.33%	-1.65%	-1.48%	-1.87%
Operating CF Growth %	-0.47%	-0.38%	-0.92%	-0.01%	0.19%	1.33%	-9.48%	0.43%	0.43%	0.17%
Net Income	-6.04M	-10.69M	-21.9M	-11.05M	-5.15M	-279.52K	-7.65M	-43.8M	-12.68M	-8.85M
Depreciation & Amortization	7.1K	12.8K	18.6K	43.35K	48.58K	17.67K	70.28K	97.24K	128.8K	190.55K
Stock-Based Compensation	0	0	15.04M	6.41M	769K	347K	3.41M	1.61M	1.32M	1.89M
Deferred Taxes	0	0	-13K	670K	83K	0	308.55K	2.35T	0	0
Other Non-Cash Items	3.47M	8.37M	16.79M	6.45M	1.31M	-347K	-290.52K	-2.35T	5.13M	672.17K
Working Capital Changes	466K	-461K	-367K	-516K	-582K	1.79M	-8.79M	-2.67M	1.86M	2.59M
Change in Receivables	0	0	0	-997K	308K	-116.3K	-1.65M	-525.6K	1.36M	381.35K
Change in Inventory	0	-314K	89K	210K	-494K	140K	-3.2M	-1.82M	370.28K	414.22K
Change in Payables	0	199K	-76K	312K	76K	-409K	-235.31B	365.28B	111.84K	709.3K
Cash from Investing+	-113K	-871K	-614K	-3.71M	1.13M	-73.09K	-4.68M	5.51M	2.31M	-4.71M
Capital Expenditures	-3K	-411K	-114K	-79K	-13K	-73.09K	-27.96K	-168.58K	-35.81K	-430.33K
CapEx % of Revenue	-	6.04%	0.27%	0.02%	0%	0.82%	0.01%	0.04%	0.01%	0.23%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-450K	-500K	300K	-38K	-2.77M	3.37M	5.68M	0	0
Cash from Financing+	6.63M	180K	7.7M	10.65M	4.13M	152.84K	20.59M	-156.69K	-430.48K	9.7M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-54K	0	0	0	0	-188.01K	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.11M	-3.32M	-5.69M	-5.71M	-4.59M	1.45M	-12.96M	-7.6M	-4.28M	-3.94M
FCF Margin %	-	-48.81%	-13.39%	-1.14%	-0.37%	16.38%	-6.35%	-1.69%	-1.5%	-2.1%
FCF Growth %	-0.45%	-0.58%	-0.71%	-0%	0.2%	1.32%	-9.92%	0.41%	0.44%	0.08%
FCF per Share	-0.62	-0.98	-1.71	-1.58	-1.26	0.37	-1.13	-0.51	-0.28	-0.24
FCF Conversion (FCF/Net Income)	0.35x	0.27x	0.25x	0.51x	0.89x	-5.46x	1.69x	0.17x	0.33x	0.40x
Interest Paid	0	0	0	0	0	0	7.71K	0	0	26.17K
Taxes Paid	0	0	0	0	0	0	2.4K	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-936.03%	-222.2%	-94.67%	-19.9%	-20.89%	-82.86%	-48.2%	-42.59%
Return on Invested Capital (ROIC)	-	-798.94%	-777.28%	-217.25%	-76.55%	-14.63%	-16.88%	-66.75%	-37.81%	-27.12%
Gross Margin	-	26.47%	8.18%	2.65%	7.05%	17.1%	37.27%	38.45%	35.13%	26.14%
Net Margin	-	-15713.24%	-5153.65%	-220.48%	-41.02%	-315.01%	-374.58%	-972.43%	-443.05%	-473.19%
Debt / Equity	-	-	0.92x	0.22x	1.77x	-	0.00x	0.01x	0.04x	0.18x
Interest Coverage	-7.57x	-8.30x	-	-58.15x	-124.12x	-143.49x	-	-	-	-
FCF Conversion	0.35x	0.27x	0.25x	0.51x	0.89x	-5.46x	1.69x	0.17x	0.33x	0.40x
Revenue Growth	-100%	-	525%	1079.06%	150.67%	-99.29%	2202.19%	120.51%	-36.45%	-34.68%

Frequently Asked Questions

Growth & Financials

Envirotech Vehicles, Inc. (EVTV) reported $3.7M in revenue for fiscal year 2024. This represents a 13216% increase from $0.0M in 2013.

Envirotech Vehicles, Inc. (EVTV) saw revenue decline by 34.7% over the past year.

Envirotech Vehicles, Inc. (EVTV) reported a net loss of $27.9M for fiscal year 2024.

Dividend & Returns

Envirotech Vehicles, Inc. (EVTV) has a return on equity (ROE) of -42.6%. Negative ROE indicates the company is unprofitable.

Envirotech Vehicles, Inc. (EVTV) had negative free cash flow of $7.3M in fiscal year 2024, likely due to heavy capital investments.