Highlights
• 6,028 units in total sold in 4Q20 in line with the Company's expectations, bringing total unit sales for FY2020 in international and China markets to 23,547 units, up 18% on FY2019 and up 117% on FY2018
• Record international unit sales for FY2020 of 21,416 units, up 24% on FY2019 and up 112% on FY2018
• Continued positive operational cash flows for 4Q20
• Strong net cash position of A$15 million, with no bank debt as at 31 December 2020
• Firm international orders of 6,798 units held as at 31 December 2020, not including the additional significant B2B order from Greenmo Group of 5,904 units secured January 2020
• Currently more than 11,000 firm international orders held, providing runway for strong year of sales for FY2021
• Significant interest from business customers including food delivery, parcel delivery and ridesharing companies for Vmoto’s B2B products and in advanced discussions to secure orders from a number of B2B customers
• New international distributors appointed, and ongoing discussions and samples shared with a significant number of potential new customers in new markets
• Commenced marketing and promotion of the online World Premiere event organised by Vmoto whereby we will launch 3 new electric two-wheel vehicle models in 1Q21
