Last 7 days
39.7%
Last 30 days
39.0%
Last 90 days
-18.6%
Trailing 12 Months
-79.5%
Income Statement (Last 12 Months) | ||||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Revenue | 29.0% | 22,937,000 | 17,777,000 | 18,720,000 | 15,600,000 | 16,784,500 |
Gross Profit | -96.1% | -810,000 | -413,000 | -696,000 | 2,921,000 | - |
Operating Expenses | 96.9% | 145,472,000 | 73,876,000 | - | - | - |
S&GA Expenses | 31.3% | 69,715,000 | 53,114,000 | 51,135,000 | 47,435,000 | 34,317,000 |
R&D Expenses | -7.3% | 11,078,000 | 11,947,000 | 12,352,000 | 10,775,000 | 8,586,000 |
EBITDA | - | -1,539,521 | - | - | - | - |
EBITDA Margin | - | -0.01 | - | - | - | - |
EBT Margin | - | -0.01 | - | - | - | - |
Interest Expenses | -5697.3% | -2,145,000 | -37,000 | -40,000 | -39,000 | -2,114,000 |
Net Income | -28.1% | -65,904,000 | -51,430,000 | -49,201,000 | 28,790,000 | 5,538,000 |
Net Income Margin | -815.2% | -2.87 | -0.31 | 0.97 | 1.85 | - |
Free Cahsflow | -2.2% | -61,662,000 | -60,354,000 | -60,191,000 | -52,135,000 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Assets | 159.4% | 918 | 354 | 366 | 393 | 410 |
Current Assets | -8.5% | 316 | 345 | 357 | 375 | 389 |
Cash Equivalents | -25.7% | 240 | 322 | 334 | 352 | 367 |
Inventory | -0.6% | 14.00 | 14.00 | 14.00 | 15.00 | 18.00 |
Net PPE | 17960.7% | 404 | 2.00 | 2.00 | - | 3.00 |
Goodwill | Infinity% | 159 | - | 9.00 | 9.00 | - |
Liabilities | 2856.4% | 553 | 19.00 | 19.00 | 31.00 | 40.00 |
Current Liabilities | 394.5% | 59.00 | 12.00 | 12.00 | 17.00 | 17.00 |
LT Debt, Non Current | 8083733.3% | 485 | 0.00 | 0.00 | 0.00 | 0.00 |
Shareholder's Equity | -2.7% | 326 | 335 | 347 | 362 | 370 |
Retained Earnings | -17.2% | -150 | -128 | -115 | -99.41 | -84.29 |
Additional Paid-In Capital | 0.2% | 464 | 463 | 462 | 461 | 454 |
Shares Outstanding | 1.0% | 144 | 142 | 142 | 141 | 139 |
Minority Interest | Infinity% | 12.00 | - | - | - | - |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Cashflow From Operations | -4.2% | -60.67 | -58.22 | -57.63 | -48.49 | -41.01 |
Share Based Compensation | 17.9% | 10.00 | 8.00 | 8.00 | 8.00 | 3.00 |
Cashflow From Investing | -668.2% | -32.26 | -4.20 | -12.97 | -14.83 | -14.09 |
Cashflow From Financing | -1742.3% | -2.33 | 0.00 | -0.07 | 85.00 | 420 |
58.3%
57.1%
54.2%
Y-axis is the maximum loss one would have experienced if XL Fleet Corporation was unfortunately bought at previous high price.
-51.3%
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -0.03 | 256 | 10,256 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | unchanged | - | 3,000 | 74,000 | -% |
2023-02-21 | MACQUARIE GROUP LTD | new | - | 2,737,000 | 2,737,000 | -% |
2023-02-16 | HARBOUR INVESTMENTS, INC. | new | - | 322 | 322 | -% |
2023-02-15 | Apollon Wealth Management, LLC | added | 0.71 | 959 | 12,959 | -% |
2023-02-15 | JANE STREET GROUP, LLC | added | 156 | 176,363 | 283,363 | -% |
2023-02-15 | Steward Partners Investment Advisory, LLC | sold off | -100 | - | - | -% |
2023-02-14 | Marathon Trading Investment Management LLC | unchanged | - | 2,000 | 67,000 | 0.01% |
2023-02-14 | Ergoteles LLC | sold off | -100 | -144,000 | - | -% |
2023-02-14 | Vontobel Holding Ltd. | reduced | -5.25 | -999 | 58,001 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 09, 2023 | vanguard group inc | 3.24% | 4,674,346 | SC 13G/A | |
Mar 31, 2022 | hynes thomas j. iii | 5.2% | 7,371,683 | SC 13D/A | |
Feb 11, 2022 | pivotal investment holdings ii llc | 7.0% | 9,733,333 | SC 13G/A | |
Feb 04, 2022 | ingka investments ventures us b.v. | 4.8% | 6,629,234 | SC 13G/A | |
Feb 16, 2021 | pivotal investment holdings ii llc | 7.3% | 9,733,333 | SC 13G | |
Feb 03, 2021 | manulife financial corp | 1.84% | - | SC 13G/A | |
Feb 01, 2021 | linden capital l.p. | 0.1% | 186,021 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 0.87 - | 1.00 - | 1.44 - | 2.08 - | 2.60 - |
Current Inflation | 0.84 - | 0.95 - | 1.33 - | 1.87 - | 2.31 - |
Very High Inflation | 0.80 - | 0.89 - | 1.20 - | 1.63 - | 1.98 - |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 13, 2023 | 144 | Notice of Insider Sale Intent | |
Mar 06, 2023 | 144 | Notice of Insider Sale Intent | |
Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
Feb 02, 2023 | 8-K | Current Report | |
Jan 17, 2023 | EFFECT | EFFECT | |
Jan 10, 2023 | POS AM | POS AM | |
Dec 21, 2022 | 8-K | Current Report | |
Dec 19, 2022 | 4 | Insider Trading | |
Dec 15, 2022 | 4 | Insider Trading | |
Dec 15, 2022 | 8-K | Current Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2022-09-15 | Miller John P. | bought | 22,200 | 1.11 | 20,000 | - |
2022-09-09 | Fong Christian S. | sold (taxes) | -329,144 | 1.17 | -281,320 | president |
2022-09-09 | Fong Christian S. | acquired | 1,063,640 | 0.585 | 1,818,180 | president |
2022-05-20 | Calhoun Colleen | acquired | - | - | 250,000 | vp/general manager of xl grid |
2022-05-20 | Kenhard Michael | acquired | - | - | 200,000 | cto and vp of engineering |
2022-05-20 | Constas Stacey | acquired | - | - | 201,613 | general counsel |
2022-05-10 | Tech Eric M. | acquired | - | - | 806,452 | ceo |
2022-05-04 | Sclarsic Sarah | acquired | - | - | 96,774 | - |
2022-05-04 | Miller John P. | acquired | - | - | 241,935 | - |
2022-05-04 | Griffin Kevin | acquired | - | - | 96,774 | - |
Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Revenues | $ 8,360 | $ 3,200 | $ 16,133 | $ 7,569 |
Operating expenses: | ||||
Engineering, research and development | 2,348 | 3,217 | 7,741 | 7,438 |
Selling, general, and administrative expenses | 29,343 | 12,742 | 53,802 | 31,522 |
Impairment of goodwill | 0 | 0 | 8,606 | 0 |
Total operating expenses | 36,368 | 18,469 | 82,467 | 45,593 |
Loss from operations | (28,008) | (15,269) | (66,334) | (38,024) |
Other (income) expense: | ||||
Interest expense, net | 2,122 | 14 | 2,141 | 35 |
Gain on extinguishment of debt | 0 | 0 | (4,527) | 0 |
Loss on asset disposal | 771 | 24 | 755 | 45 |
Change in fair value of obligation to issue shares of common stock to sellers of World Energy | (42) | (532) | (540) | (18) |
Change in fair value of warrant liability | (646) | (7,229) | (5,146) | (81,960) |
Change in fair value of interest rate swaps | (8,533) | 0 | (8,533) | 0 |
Other income | (94) | (15) | (123) | (40) |
Net (loss) income | (21,586) | (7,531) | (50,361) | 43,914 |
Net income (loss) | 419 | 0 | 419 | 0 |
Net (loss) income attributable to XL Fleet | $ (22,005) | $ (7,531) | $ (50,780) | $ 43,914 |
Net (loss) income attributable to XL Fleet per share, basic (in dollars per share) | $ (0.15) | $ (0.05) | $ (0.36) | $ 0.32 |
Net (loss) income attributable to XL Fleet per share, diluted (in dollars per share) | $ (0.15) | $ (0.05) | $ (0.36) | $ 0.30 |
Weighted-average shares outstanding, basic (in shares) | 142,895,483 | 139,392,170 | 142,142,971 | 138,082,355 |
Weighted-average shares outstanding, diluted (in shares) | 142,895,483 | 139,392,170 | 142,142,971 | 148,469,108 |
Solar energy systems depreciation | ||||
Operating expenses: | ||||
Cost of revenues | $ 1,334 | $ 0 | $ 1,334 | $ 0 |
Operations and maintenance | ||||
Operating expenses: | ||||
Cost of revenues | 640 | 0 | 640 | 0 |
Loan servicing | ||||
Operating expenses: | ||||
Cost of revenues | 2 | 0 | 2 | 0 |
Inventory and other direct costs | ||||
Operating expenses: | ||||
Cost of revenues | $ 2,701 | $ 2,510 | $ 10,342 | $ 6,633 |
Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 239,512 | $ 351,676 |
Restricted cash | 32,122 | 150 |
Accounts receivable, net | 17,159 | 6,477 |
Inventory, net | 14,101 | 15,262 |
Interest rate swap assets, current | 7,229 | 0 |
Prepaid expenses and other current assets | 5,674 | 1,040 |
Total current assets | 315,797 | 374,605 |
Solar energy systems, net | 404,380 | 0 |
Other property and equipment, net | 1,655 | 3,495 |
Interest rate swap assets, non-current | 28,001 | 0 |
Intangible assets, net | 1,061 | 1,863 |
Right-of-use asset | 7,635 | 4,564 |
Goodwill | 158,636 | 8,606 |
Other assets | 466 | 88 |
Total assets | 917,631 | 393,221 |
Current liabilities: | ||
Current portion of long-term debt | 25,340 | 78 |
Accounts payable | 6,806 | 3,799 |
Lease liability, current | 1,462 | 900 |
Accrued expenses and other current liabilities | 25,101 | 11,856 |
Total current liabilities | 58,709 | 16,633 |
Long-term debt, net of current portion | 485,030 | 21 |
Deferred revenue | 1,458 | 691 |
Lease liability, non-current | 7,003 | 3,599 |
Warrant liabilities | 259 | 5,405 |
Contingent consideration | 73 | 541 |
Other long-term liabilities | 10 | 0 |
New market tax credit obligation | 0 | 4,521 |
Total liabilities | 552,542 | 31,411 |
Redeemable noncontrolling interests | 38,900 | 0 |
Stockholders’ equity | ||
Common stock, $0.0001 par value; 350,000,000 shares authorized at September 30, 2022 and December 31, 2021; 143,863,062 and 140,540,671 issued and outstanding at September 30, 2022 and December 31, 2021, respectively | 14 | 14 |
Additional paid-in capital | 464,042 | 461,207 |
Noncontrolling interests | 12,324 | 0 |
Accumulated deficit | (150,191) | (99,411) |
Total stockholders’ equity | 326,189 | 361,810 |
Total liabilities, redeemable noncontrolling interests and stockholders’ equity | $ 917,631 | $ 393,221 |