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GreenPower Reports Revenue of $8.5 Million and Net Income of $4.2 Million for Third Quarter
GreenPower's New Mexico pilot includes deployment of multiple electric bus models and infrastructure funded by a $5M state contract, generating $8.5M revenue and $4.2M net income.
- On Feb. 12, 2026, GreenPower reported revenue of $8.5 million and net income of $2 million for the period ended December 31, 2025.
- Amid a strategic transition, GreenPower shifted to a customer-order driven production strategy, requiring recapitalization and retooling, according to Fraser Atkinson, GreenPower Chairman and CEO.
- The New Mexico contract provides over $5 million for deploying Type A Nano BEAST, Type D BEAST, Type D Mega BEAST buses, charging infrastructure, and pilot management, with GreenPower managing the project.
- GreenPower closed the recapitalization, including two term loans totaling $5 million, a new CIBC relationship, exchanges of related-party loans, and raised $1,120,050 from Series A convertible preferred shares, increasing working capital to more than $5 million.
- The company notes that an institutional investor has the right to acquire additional Series A Shares up to US$16 million, with disclosures posted on GreenPower's website, SEDAR Plus, and EDGAR.
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GreenPower Reports Revenue of $8.5 million and Net Income of $4.2 million for Third Quarter
VANCOUVER, BC, Feb. 12, 2026 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space…
GreenPower Motor Company Reports $8.5 Million Revenue and $4.2 Million Net Income in Q3
GreenPower Motor Company announced its financial result […] The post GreenPower Motor Company Reports $8.5 Million Revenue and $4.2 Million Net Income in Q3 first appeared on GeneOnline News. The post GreenPower Motor Company Reports $8.5 Million Revenue and $4.2 Million Net Income in Q3 appeared first on GeneOnline News.
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Total News Sources40
Leaning Left4Leaning Right6Center8Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 22%
C 45%
R 33%
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