A plain-English look at Envirotech Vehicles' revenue, losses, and market value based on its public filings and trading data.
A Small Player in Electric Fleets
Envirotech Vehicles, Inc. is a Corona, California-based company that builds purpose-built, zero-emission electric vehicles. It sells to commercial and last-mile delivery fleets, school districts, transportation companies, and colleges and universities looking to replace gas- and diesel-powered vehicles with electric alternatives.
What the Company Actually Sells
The business generates revenue two ways: selling zero-emission electric vehicles outright, and providing vehicle maintenance and inspection services. It organizes its operations into four segments, with electric vehicles as the core offering. Roughly 293 employees carry out that work.
Revenue on a Very Small Scale
On record, the company's revenue was $425.0K for fiscal year 2017. That is a modest figure for a publicly traded company, underscoring that Envirotech Vehicles was, and largely remains, an early-stage manufacturer rather than a high-volume vehicle producer.
A Steep Recent Decline
More recently, revenue fell 58% from fiscal year 2022 to fiscal year 2024. A drop of that size signals real turbulence in sales volume or order timing, and it's a signal worth understanding in the context of a company still working to scale up electric vehicle production and adoption among fleet customers.
Profitability Remains a Challenge
The company reported a net loss of $39.1M in fiscal year 2017, with net income for that year also listed at -$39.1M. That loss dwarfs the $425.0K in revenue reported the same year, illustrating how far the company's costs outpaced its sales at that point.
Margins Tell the Same Story
Envirotech Vehicles' gross margin stands at 26.1%, meaning it retains roughly a quarter of sales after direct production costs. But its net margin is -473.2%, a figure that shows overall expenses — including overhead, interest, and other costs — far exceed what the company brings in from sales.
Balance Sheet and Market Value
Total assets are listed at $4.7M, a relatively small asset base for a manufacturer. The company's market capitalization is $23.1M, which reflects how investors collectively value the business on the stock market, separate from its reported assets or earnings.
Where the Stock Stands Today
Shares of Envirotech Vehicles trade on NASDAQ under the ticker EVTV, with a recent price of $1.94 (15-minute delayed). That price sits 52% below the stock's 52-week high, a gap that reflects a significant pullback in how the market has priced the company's shares over the past year.
A Young Public Company
Envirotech Vehicles went public in June 2017, making it a relatively young entrant to public markets within the broader auto parts industry. Its history as a listed company spans a period during which zero-emission vehicle demand has grown, even as the company's own financial results have shown considerable volatility.
Putting the Numbers in Context
Taken together, the figures describe a small, specialized electric vehicle manufacturer with a modest revenue base, a history of substantial net losses, a shrinking sales trend in recent years, and a stock price well off its yearly high. These are the kinds of details that help explain the size and financial posture of the business, without predicting where either the company or its shares might go next.
This article is factual reporting based on public filings and market data, not investment advice.
