Private company

ELECTRAMECCANICA VEHICLES CORP.

Canadian motor vehicles and passenger car bodies company. Summary from the record

Last updated Oct 19, 2026.

Overview

  • IndustryMotor Vehicles & Passenger Car Bodies1
  • HeadquartersMesa, Arizona1
  • Incorporated inBritish Columbia, Canada2
  • Business address8127 E. Ray Road, Mesa, Az 852122
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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We have based these forward-looking statements on our current expectations about future events on information that is available as of the date of this Annual Report. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control, including, our ability to change the direction of the Company, our ability to complete the Xos Arrangement (as defined below) in a timely manner or at all and challenges in achieving strategic objectives, synergies and other anticipated benefits from the Xos Arrangement. Additional factors that could contribute to such differences include, but are not limited to:3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-154.7%Gross margin4
-9039.8%Operating margin4
-9464.1%Net margin4
-91.1%Revenue growth, 20234
-78.8%Return on equity4
-$62.4MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Research and development100¢$9.2M
  • Income tax0¢$1.0K

Out of $608.4K in revenue.4 The company lost money this year.

Financial statements

Revenue5674$608.4K in 2023+1% since 2018
0$2.0M$4.0M$6.0M$8.0M2018: $599.8K$599.8K20182019: $585.6K$585.6K2019−2%2020: $568.5K$568.5K2020−3%2021: $2.1M$2.1M2021+270%2022: $6.8M$6.8M2022+224%2023: $608.4K$608.4K2023−91%
Gross profit5674-$941.2K in 2023
-$30.0M-$20.0M-$10.0M0$10.0M2018: $156.0K$156.0K20182019: $98.0K$98.0K2019−37%2020: -$130.9K-$130.9K20202021: -$2.2M-$2.2M2021+1606%2022: -$26.3M-$26.3M2022+1075%2023: -$941.2K-$941.2K2023−96%
Operating income5674-$55.0M in 2023+323% since 2018
-$150.0M-$100.0M-$50.0M02018: -$13.0M-$13.0M20182019: -$20.6M-$20.6M2019+58%2020: -$27.2M-$27.2M2020+32%2021: -$58.3M-$58.3M2021+114%2022: -$110.3M-$110.3M2022+89%2023: -$55.0M-$55.0M2023−50%
Net income5674-$57.6M in 2023+643% since 2018
-$150.0M-$100.0M-$50.0M02018: -$7.7M-$7.7M20182019: -$23.2M-$23.2M2019+200%2020: -$63.0M-$63.0M2020+172%2021: -$38.8M-$38.8M2021−38%2022: -$123.7M-$123.7M2022+219%2023: -$57.6M-$57.6M2023−53%
Fiscal year2017201820192020202120222023
Revenue$599.8K5$585.6K6$568.5K6$2.1M7$6.8M4$608.4K4
Cost of revenue$4.3M7$33.1M7
Gross profit$156.0K5$98.0K6-$130.9K6-$2.2M7-$26.3M4-$941.2K4
Research and development$17.1M7$22.0M4$9.2M4
Selling, general and admin$31.1M6
Operating expenses$56.1M7$84.0M4$54.1M4
Operating income-$13.0M5-$20.6M6-$27.2M6-$58.3M7-$110.3M4-$55.0M4
Income before tax-$38.8M7-$123.7M4-$57.6M4
Income tax$8507$23.6K4$1.0K4
Net income-$7.7M5-$23.2M6-$63.0M6-$38.8M7-$123.7M4-$57.6M4
Earnings per share-$0.646-$1.086-$0.357-$1.044-$0.484
Earnings per share (diluted)-$0.646-$1.086-$0.357-$1.044-$0.484
Shares (weighted, basic)111.7M shares7118.7M shares4119.3M shares4
Shares (weighted, diluted)111.7M shares7118.7M shares4119.3M shares4

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Leadership

Who has led ELECTRAMECCANICA VEHICLES CORP., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Susan E. Docherty2023–2024

Chief financial officer

  1. Mark Orsmond2023
  2. Stephen Eric Johnston2023–2024

Chief operating officer

  1. Susan E. Docherty2023–2024
20202025
Board members and other officers (10)

Timeline

  1. Jan 25, 2023New chief executive Susan E. Docherty becomes CEO13

Filings

190 filings to the SEC since October 2021: 5 annual reports, 3 quarterly reports, 34 major events, 57 insider forms, 3 large holders, 88 other. The latest 20:

  1. Apr 9, 2024EFFECT EDGAR
  2. Apr 9, 2024EFFECT EDGAR
  3. Apr 5, 202415-12G EDGAR
  4. Apr 4, 2024S-8 POS EDGAR
  5. Apr 4, 2024POS AM EDGAR
  6. Apr 4, 2024POS AM EDGAR
  7. Mar 26, 20248-K EDGAR
  8. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  9. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  10. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  11. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  12. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  13. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  14. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  15. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  16. Mar 20, 20248-K EDGAR
  17. Mar 19, 202410-K/A EDGAR
  18. Mar 18, 20244 OWNERSHIP DOCUMENT EDGAR
  19. Mar 18, 20244 OWNERSHIP DOCUMENT EDGAR
  20. Mar 18, 20244 OWNERSHIP DOCUMENT EDGAR

The 190 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 2 buys and 19 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 4, 2024KROLL JERRYDirectorSale50,000$0.31$15.5KForm 4
Jan 3, 2024KROLL JERRYDirectorSale50,000$0.32$16.0KForm 4
Dec 14, 2023KROLL JERRYDirectorSale100$0.40$40Form 4
Dec 11, 2023KROLL JERRYDirectorSale2,430$0.40$972Form 4
Dec 6, 2023KROLL JERRYDirectorSale26,384$0.40$10.6KForm 4
Dec 5, 2023KROLL JERRYDirectorSale12,817$0.40$5.1KForm 4
Dec 4, 2023KROLL JERRYDirectorSale42,593$0.40$17.0KForm 4
Dec 1, 2023KROLL JERRYDirectorSale100,000$0.40$40.0KForm 4
Dec 1, 2023KROLL JERRYDirectorSale100,000$0.40$40.0KForm 4
Nov 30, 2023KROLL JERRYDirectorSale35,356$0.40$14.1KForm 4
Nov 30, 2023KROLL JERRYDirectorSale35,356$0.40$14.1KForm 4
Nov 29, 2023KROLL JERRYDirectorSale100,000$0.40$40.0KForm 4
Nov 29, 2023KROLL JERRYDirectorSale100,000$0.40$40.0KForm 4
Oct 24, 2023KROLL JERRYDirectorSale125,000$0.43$53.8KForm 4
Oct 23, 2023KROLL JERRYDirectorSale125,000$0.42$52.5KForm 4
Oct 20, 2023KROLL JERRYDirectorSale125,000$0.41$51.2KForm 4
Oct 19, 2023KROLL JERRYDirectorSale125,000$0.44$55.0KForm 4
Oct 13, 2023KROLL JERRYDirectorBuy100,000$0.51$51.0KForm 4
Oct 12, 2023KROLL JERRYDirectorBuy91,375$0.49$44.8KForm 4
Oct 12, 2023KROLL JERRYDirectorSale91,375$0.46$42.0KForm 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

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