Earnings ·
GreenPower Motor Company Inc. reported unaudited financial results for the three months ended June 30, 2026, recording…
GPGREENPOWER MOTOR Co Inc.
GreenPower Motor Company Inc. reported unaudited financial results for the three months ended June 30, 2026, recording a net loss of $2,396,888 and revenue of $439,148. The company held cash of $17,557 and working capital of $8,646,005 at quarter-end. During the period, GreenPower converted 1,351 Series A convertible preferred shares into common equity, issued 256,410 common shares via warrant exercise for $200,000 in proceeds, and paid accrued interest on convertible debentures with stock. The company failed to meet quarterly debt service coverage ratio covenants for its CIBC line of credit and EDC term loan facilities. GreenPower designs, builds, and distributes all-electric medium and heavy-duty vehicles.