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GreenPower Provides Business Update and Reports Third Quarter Fiscal 2025 Results

  • GreenPower Motor Company Inc. Reported revenues of $7.2 million for the third quarter of fiscal year 2025, a 35% increase from the previous quarter.
  • CEO Fraser Atkinson highlighted the demand for all-electric vehicles, stating that the revenue growth led to an improvement in gross profit to 14.6% of revenue.
  • The company plans to increase production, intending to deliver one BEAST Type D school bus per week from South Charleston by April.
  • At the quarter's end, GreenPower had working capital of $12.8 million, inventory of $28.2 million, and deferred revenue of $10.8 million.
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Olean Times Herald broke the news in Olean, United States on Friday, February 14, 2025.
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