NASDAQ$FABC

StableX Technologies Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Announced year-end 2020 financial results and provided a corporate update.

AYRO reported an 80% increase in revenue for fiscal year 2020 over fiscal year 2019, marking the fifth consecutive quarter of year-over-year revenue increase.

  • AYRO is focused on selling fleets of vehicles to commercial fleet customers, a B2B approach.
  • The company is expanding manufacturing capacity in Austin and has a strategic partnership with Karma Automotive for mass production.
  • AYRO is nurturing strategic relationships with Club Car, Gallery Carts, and Element Fleet Management to build a unique 'ecosystem'.
  • AYRO announced the electric vaccine vehicle (EVV) in partnership with Element, Club Car, and Gallery Carts.

Headline financials

Total Revenue

$783K

Previous: $1.14M-31.3%
EPS (adj)

-$1.52

Previous: -$0.31-390.3%
Net Income

-$4.76M

Previous: -$3.45M-37.9%
Operating Income

-$4.97M

Previous: -$3.51M-41.6%
Gross Profit

-$342K

Previous: $30.3K-1229.4%
R&D Expense

$921K

No prior period

Revenue & EPS history

AYRO · Revenue · Quarterly

$783K

Q4 2020-31.3%vs Q4 2019
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Forward guidance

AYRO expects to launch the industry-first EVV in the near-term, the 411x light-duty EV truck in 2021, and unveil the 311x later this year, with scaled production for the 311x expected to begin in the first half of 2022.

Tailwinds

  • Launch of industry-first EVV in the near-term.
  • Expected launch of 411x light-duty EV truck in 2021.
  • Unveiling of 311x later this year.
  • Scaled production for the 311x expected to begin in the first half of 2022.
  • Partnership with Element Fleet Management to provide financing and insurance solutions for commercial customers.

Headwinds

  • History of losses and expectation to incur additional losses in the future.
  • The market for AYRO's products is developing and may not develop as expected.
  • The company's business is subject to general economic and market conditions, including trade wars and tariffs.
  • Reliance on a single third-party supplier located in China for sub-assemblies.
  • Potential product liability claims could harm the company's financial condition and liquidity.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.8%

Avg return

Earnings day

-4.3%

Avg return

5 days after

-6.1%

Avg return

30 days after

38%

21 / 55 earnings

Positive

+31.1%

Q1 2015

Best reaction

-16.7%

Q4 2009

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025+12.7%-22.2%+10.6%
Q2 2025-2.9%-10.2%-20.9%
Q1 2025+1.6%-4.9%+15.2%
Q4 2024+2.8%+2.0%-20.0%
Q3 2024-0.5%-5.1%+3.8%
Q2 2024+3.9%+15.3%+13.9%
Q1 2024-1.8%-1.8%-31.6%
Q1 2026+1.6%-6.6%-28.7%
Q4 2023-0.6%-7.2%-25.1%
Q3 2023+4.6%+18.3%+16.6%
Q2 2023-4.8%+4.8%-24.2%
Q1 2023-2.0%+7.8%+11.8%
Q4 2022+3.6%-5.4%+1.8%
Q3 2022-6.7%-8.3%-1.7%
Q2 2022+2.8%-1.8%-22.9%
Q1 2022+2.9%-6.7%+0.0%
Q4 2021-4.7%-11.4%-30.9%
Q3 2021-6.2%-17.6%-34.3%
Q2 2021+0.2%-5.5%-8.5%
Q1 2021+6.8%+15.9%+33.3%
Q4 2020+5.3%-0.8%-11.5%
Q3 2020-3.6%-5.9%+120.5%
Q2 2020-8.2%-15.6%-32.0%
Q1 2020+21.0%+23.5%-35.8%
Q4 2019-4.3%-19.1%+19.1%
Q3 2019-3.1%-1.6%-7.8%
Q2 2019+2.6%-3.8%+3.8%
Q1 2019-10.3%-23.8%-37.0%
Q4 2018-10.3%-23.8%-37.0%
Q3 2018+0.0%-7.5%-15.0%
Q2 2018-10.2%-10.2%-31.8%
Q1 2018-7.9%-3.0%-18.9%
Q3 2017-1.1%-1.7%-10.9%
Q2 2017-3.0%-4.5%-9.0%
Q1 2017-0.7%-6.7%+8.9%
Q4 2016-2.7%-3.4%-18.1%
Q3 2016-0.8%-1.6%+28.7%
Q4 2015+7.9%
Q2 2015-11.5%
Q1 2016-16.2%
Q1 2015+31.1%
Q4 2014+16.7%
Q3 2014-9.1%
Q2 2014+2.3%
Q4 2013+7.1%
Q3 2013-2.2%
Q2 2013-4.6%
Q4 2012+7.0%
Q3 2012-2.3%
Q4 2011-14.7%
Q2 2012-3.5%
Q2 2010-3.5%
Q1 2011+1.0%
Q4 2010-6.6%
Q4 2009-16.7%

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