Company Report
Last edited 4 years ago
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#1/4ly Update 1/2/21
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Added 4 years ago

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

View Attachment

#ASX Announcement 14/1/21 (2)
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Last edited 4 years ago

sorry attacment was too big, please follow link

http://www.vmoto.com/assets/uploads/20210114/2021011414441259372.pdf

#ASX Announcement 14/1/21
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Added 4 years ago

Vmoto-secures-A$13-million-B2B-order

Vmoto has secured a significant (repeat order)  for 5904 units from their strategic B2B Greenmo Group ~ approx A$13M

Units expected to be delivered 1Q21 and to be used for Greenmo Group's European expansion