Q3 2022 Electrameccanica Vehicles Corp Earnings Call Transcript

Nov 14, 2022 / NTS GMT
Kevin Pavlov - ElectraMeccanica Vehicles Corp. - CEO & Director

Thank you for joining us today to discuss ElectraMeccanica's third-quarter earnings and the road ahead. I'm joined by our new CFO, Mark Orsmond, who will offer some more granular insights into our financial performance shortly. As you may recall from some of the announcements we've made, Mark is one of a number of senior hires we've made over the past few months as we continue to professionalize our leadership team and improve our operational expertise in anticipation of our next phase of growth.

First, let's talk about the headline numbers. Solo production for the third quarter was 103 vehicles, a drop sequentially from this year's second quarter as our manufacturing partners and vendors were impacted by pandemic aftershocks and China's zero COVID policy. But roughly the same as production a year ago.

We saw very slightly lower sequential Solo deliveries during the quarter as we delivered 64 vehicles versus 68 last quarter. Revenues were correspondingly slightly lower at $1.44 million versus $1.55 million during the prior

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