Proterra Inc Stock Research

Market Summary

USD1.45-0.08

Market Closed

-5.23%

PTRA Stock Price

PTRA RSI Chart

PTRA Valuation

Market Cap

376.6M

Price/Earnings (Trailing)

-1.86

Price/Sales (Trailing)

1.26

EV/EBITDA

-1.78

Price/Free Cashflow

-1.24

PTRA Price/Sales (Trailing)

PTRA Profitability

Operating Margin

18.47%

EBT Margin

-67.86%

Return on Equity

-34.34%

Return on Assets

-22.84%

Free Cashflow Yield

-80.7%

PTRA Fundamentals

PTRA Revenue

Revenue (TTM)

297.8M

Revenue Y/Y

55.35%

Revenue Q/Q

29.05%

PTRA Earnings

Earnings (TTM)

-202.1M

Earnings Y/Y

-279.13%

Earnings Q/Q

-55.57%

Price Action

52 Week Range

1.078.02

(Low)(High)

Last 7 days

9.9%

Last 30 days

-64.9%

Last 90 days

-59.6%

Trailing 12 Months

-79.5%

PTRA Financial Health

Current Ratio

6.32

Debt/Equity

0.19

Debt/Cashflow

-2.26

PTRA Investor Care

Shares Dilution (1Y)

6.35%

Diluted EPS (TTM)

-1.03

Peers (Alternatives to Proterra)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.5T	387.5B	7.89%	-9.00%	26.35	6.47	2.44%	-5.35%
MSFT	2.1T	204.1B	10.90%	-8.33%	30.51	10.08	10.38%	-5.25%
GOOG	1.3T	282.8B	15.34%	-27.18%	22.08	4.68	9.78%	-21.12%
AMZN	1.0T	514.0B	4.86%	-40.50%	-368.89	1.95	9.40%	-108.16%
MID-CAP
NYMT	3.4B	258.4M	-7.02%	-24.34%	-11.46	13.24	24.91%	-254.56%
JBLU	2.2B	9.2B	-16.32%	-53.16%	-6.16	0.24	51.67%	-98.90%
SMALL-CAP
PLAY	1.7B	1.7B	-10.56%	-16.75%	14.09	1	61.79%	371.82%
TLRY	1.6B	602.5M	-7.75%	-62.41%	-2.78	2.67	18.18%	-18.59%
BYND	1.0B	418.9M	-15.70%	-67.27%	-2.77	2.42	-9.85%	-101.06%
MFA	986.5M	482.4M	-10.53%	-34.93%	-4.26	2.04	33.15%	-170.42%
CGC	913.9M	478.9M	-19.31%	-78.37%	-0.29	1.91	-31.50%	-634.70%
NKLA	774.5M	50.8M	-31.98%	-85.06%	-0.99	15.24	1229.98%	-13.59%
GPRO	754.2M	1.1B	-5.84%	-42.17%	26.14	0.69	-5.82%	-92.23%
INO	227.8M	10.3M	-28.62%	-74.83%	-0.81	22.2	478.23%	7.85%

Financials for Proterra

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	13.0%	297,779,000	263,497,000	247,435,000	242,860,000	228,596,000
Gross Profit	-152.7%	-6,519,000	-2,580,000	-1,822,000	2,052,000	5,957,000
Operating Expenses	15.5%	181,560,000	157,260,000	141,710,000	129,681,000	121,833,000
S&GA Expenses	16.3%	124,160,000	106,729,000	95,768,000	85,841,000	46,419,873
R&D Expenses	13.6%	57,400,000	50,531,000	45,942,000	43,840,000	41,411,000
EBITDA	-129.1%	-178,042,000	-77,710,000	-433,770,162	-	-
EBITDA Margin	-102.7%	-0.60	-0.29	-78.94	-	-
Earnings Before Taxes	-100.7%	-202,082,000	-100,700,000	-247,906,000	-249,990,000	-237,469,000
EBT Margin	-77.6%	-0.68	-0.38	-80.52	-	-
Interest Expenses	24.8%	10,451,000	8,376,000	8,462,000	9,074,000	8,690,000
Net Income	-100.7%	-202,098,000	-100,716,000	-247,922,000	-250,006,000	-191,715,942
Net Income Margin	-77.6%	-0.68	-0.38	-80.52	-	-
Free Cahsflow	-25.7%	-303,952,000	-241,765,000	-35,246,239	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-3.5%	885	917	937	982	986
Current Assets	-8.6%	720	788	835	886	915
Cash Equivalents	13.1%	60.00	53.00	47.00	170	293
Inventory	10.6%	165	149	128	115	103
Net PPE	-8.0%	1.00	1.00	1.00	-	-
Liabilities	9.7%	296	270	262	262	280
Current Liabilities	18.5%	114	96.00	89.00	92.00	90.00
Long Term Debt	-4.0%	111	116	111	106	-
LT Debt, Non Current	5.0%	117	111	116	111	96.00
Shareholder's Equity	-9.0%	588	646	675	720	706
Retained Earnings	-6.8%	-1,015	-950	-908	-858	-813
Additional Paid-In Capital	0.4%	1,606	1,599	1,585	1,579	1,519
Accumulated Depreciation	20.9%	0.00	0.00	0.00	-	-
Shares Outstanding	0.2%	226	225	223	222	212

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-28.3%	-251	-196	-162	-126	-72.78
Share Based Compensation	11.5%	21.00	19.00	18.00	16.00	14.00
Cashflow From Investing	104.9%	19.00	-393	-455	-447	-391
Cashflow From Financing	62.6%	12.00	7.00	632	632	633

Risks for PTRA

What is the probability of a big loss on PTRA?

89.4%

Probability that Proterra stock will be more than 20% underwater in next one year

88.6%

Probability that Proterra stock will be more than 30% underwater in next one year.

83.7%

Probability that Proterra stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PTRA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Proterra was unfortunately bought at previous high price.

Drawdowns

Returns for PTRA

Cumulative Returns on PTRA

Which funds bought or sold PTRA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	ETF MANAGERS GROUP, LLC	added	3.78	-97,524	356,476	0.02%
2023-03-23	MetLife Investment Management, LLC	unchanged	-	-142,733	444,713	-%
2023-03-10	BAILLIE GIFFORD & CO	added	2.52	-13,229	46,771	-%
2023-03-08	SHEETS SMITH WEALTH MANAGEMENT	unchanged	-	-29,881	93,119	0.01%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-5.06	-232,000	591,000	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	added	20.00	-476	4,524	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	-103,227	321,773	-%
2023-02-16	DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	sold off	-100	-439,000	-	-%
2023-02-16	GHP Investment Advisors, Inc.	unchanged	-	-1,230	3,770	-%
2023-02-15	LAZARD ASSET MANAGEMENT LLC	unchanged	-	-250,000	780,000	-%

Latest Funds Activity

Are funds buying PTRA calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PTRA

No. of Funds

Proterra News

Schedule 13G FIlings of Proterra

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	8.33%	18,794,569	SC 13G
Feb 03, 2023	blackrock inc.	6.7%	15,159,893	SC 13G
Feb 01, 2023	franklin resources inc	13.6%	30,690,894	SC 13G/A

PTRA Fair Value

Proterra fair value in different scenarios

The table shows the Fair Value estimates for Proterra for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	0.76 -47.59%	0.98 -32.41%	1.39 -4.14%	1.92 32.41%	2.46 69.66%
Current Inflation	0.75 -48.28%	0.94 -35.17%	1.31 -9.66%	1.77 22.07%	2.24 54.48%
Very High Inflation	0.74 -48.97%	0.90 -37.93%	1.21 -16.55%	1.59 9.66%	1.97 35.86%

Historical Proterra Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Proterra

View All Filings

Date Filed	Form Type	Document
Mar 24, 2023	8-K	Current Report
Mar 20, 2023	8-K	Current Report
Mar 17, 2023	10-K	Annual Report
Mar 15, 2023	8-K	Current Report
Mar 13, 2023	8-K	Current Report
Mar 02, 2023	NT 10-K	NT 10-K
Feb 24, 2023	8-K	Current Report
Feb 14, 2023	8-K	Current Report
Feb 10, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G	Major Ownership Report

Latest Insider Trading transactions for PTRA

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-01-26	Padilla Karina F	sold	-46,637	4.8713	-9,574	chief financial officer
2023-01-23	Joyce Gareth T	sold	-112,918	5.011	-22,534	ceo and president
2022-11-14	Covington JoAnn	sold	-393,765	7.508	-52,446	chief legal officer, secy
2022-11-14	Covington JoAnn	acquired	114,332	2.18	52,446	chief legal officer, secy
2022-09-02	Covington JoAnn	sold	-21,266	6.09	-3,492	chief legal officer, secy
2022-08-26	Joyce Gareth T	sold	-21,205	6.24611	-3,395	ceo and president
2022-08-25	Hauser Jan	acquired	-	-	41,946	-
2022-05-26	Bailey Christopher L	sold	-22,640	6.0438	-3,746	president, powered & energy
2022-05-25	Soell Julian R	acquired	-	-	212,745	president, proterra transit
2022-03-14	Joyce Gareth T	acquired	100,141	4.78	20,950	ceo and president

About Proterra

Gareth T. Joyce

https://www.proterra.com/

870

Proterra Inc. provides commercial vehicles in the United States, the European Union, Canada, Australia, and Japan. It operates through Proterra Powered and Energy and Proterra Transit business units. The Proterra Powered and Energy business unit designs, develops, manufactures, sells, and integrates battery systems and electrification solutions into vehicles for commercial vehicle OEM customers serving delivery trucks, school buses, coach buses, construction and mining equipment, and other applications. It also provides turnkey fleet-scale, high-power charging solutions and software services, ranging from fleet and energy management software-as-a-service to fleet planning, hardware, infrastructure, installation, utility engagement, and charging optimization. The Proterra Transit business unit designs, develops, manufactures, and sells electric transit buses as an OEM for North American public transit agencies, airports, universities, and other commercial transit fleets. Proterra Inc. was incorporated in 2004 and is headquartered in Burlingame, California.

PTRA Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue	$ 309,364	$ 242,860	$ 196,943
Cost of goods sold	333,355	240,808	189,404
Gross profit (loss)	(23,991)	2,052	7,539
Research and development	63,650	43,840	36,233
Selling, general and administrative	133,214	85,841	67,139
Asset impairment charge	0	0	121
Total operating expenses	196,864	129,681	103,493
Loss from operations	(220,855)	(127,629)	(95,954)
Interest expense, net	28,588	50,982	15,413
Gain on debt extinguishment	(10,201)	0	0
Loss on valuation of derivative and warrant liabilities	0	70,177	12,989
Other expense (income), net	(1,292)	1,202	2,629
Loss before income taxes	(237,950)	(249,990)	(126,985)
Provision for income taxes	0	16	22
Net loss	$ (237,950)	$ (250,006)	$ (127,007)
Net loss per share of common stock:
Basic (in dollars per share)	$ (1.06)	$ (2.07)	$ (28.96)
Diluted (in dollars per share)	$ (1.08)	$ (2.07)	$ (28.96)
Weighted average shares used in per share computation:
Basic (in shares)	224,301	120,886	4,385
Diluted (in shares)	249,156	120,886	4,385
Product
Revenue	$ 288,400	$ 232,450	$ 190,411
Cost of goods sold	311,884	229,142	181,987
Parts and other service
Revenue	20,964	10,410	6,532
Cost of goods sold	$ 21,471	$ 11,666	$ 7,417

PTRA Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 73,695	$ 170,039
Accounts receivable, net	130,337	81,644
Short-term investments	224,359	490,967
Inventory	169,567	114,556
Prepaid expenses and other current assets	50,893	15,300
Deferred cost of goods sold	4,304	1,816
Restricted cash, current	12,565	12,105
Total current assets	665,720	886,427
Property, plant, and equipment, net	107,552	62,246
Operating lease right-of-use assets	20,274	24,282
Restricted cash, non-current	0	460
Long-term inventory prepayment	10,000	0
Other assets	36,913	8,472
Total assets	840,459	981,887
Current liabilities
Accounts payable	57,822	53,404
Accrued liabilities	33,551	20,634
Deferred revenue, current	30,017	13,821
Operating lease liabilities, current	6,876	4,084
Debt, current	122,692	0
Total current liabilities	250,958	91,943
Debt, non-current	0	110,999
Deferred revenue, non-current	37,381	22,585
Operating lease liabilities, non-current	18,098	20,963
Other long-term liabilities	17,164	15,245
Total liabilities	323,601	261,735
Commitments and contingencies (Note 8)
Stockholders’ equity:
Common stock, $0.0001 par value; 500,000 shares authorized; and 226,265 shares and 221,960 shares issued and outstanding as of December 31, 2022 and 2021, respectively	22	22
Preferred stock, $0.0001 par value; 10,000 shares authorized and zero shares issued and outstanding as of December 31, 2022 and 2021	0	0
Additional paid-in capital	1,613,556	1,578,943
Accumulated deficit	(1,096,175)	(858,225)
Accumulated other comprehensive loss	(545)	(588)
Total stockholders’ equity	516,858	720,152
Total liabilities and stockholders’ equity	$ 840,459	$ 981,887