Company profile

Ticker
ADOM
Exchange
CEO
James Lee Reynolds
Employees
Incorporated in
Location
Fiscal year end
SEC CIK

ADOM stock data

(
)

Calendar

29 Jul 19
25 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 4.39M 420K 1.18M 2.62M
Net income -1.29M -1.45M -1.31M -1.48M
Diluted EPS -0.02 -0.02 -0.01 -0.02
Net profit margin -29.49% -345% -110% -56.55%
Operating income -1.32M -1.49M -1.38M -1.53M
Net change in cash 412K -1.37M -4.05M 141K
Cash on hand 2.8M 2.39M 3.76M 7.81M
Cost of revenue 4.06M 391K 1.15M 2.53M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 5.01M 425K 68K
Net income -11.05M -21.9M -10.69M -6.04M
Diluted EPS -0.15 -0.33 -0.16 -0.07
Net profit margin -220% -5154% -15713%
Operating income -11.38M -21.6M -9.53M -5.32M
Net change in cash 1.31M 1.51M -3.6M
Cash on hand 3.76M 2.45M 938K 4.54M
Cost of revenue 4.88M 479K 50K

Financial data from Adomani earnings reports

Financial report summary

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Risks
  • NASDAQ may delist our common stock from trading on its exchange, which could limit stockholders’ ability to trade our common stock.
Management Discussion
  • Sales were $4.4 million and $744,450 for the three months ended June 30, 2019 and 2018, respectively, and $4.8 million and $1.2 million for the six months ended June 30, 2019 and 2018, respectively. Sales for the three and six months ended June 30, 2019 consisted of products and services sold to Blue Bird Corporation and work performed under a DOE grant awarded to Blue Bird Corporation for which we were selected to provide products and services. Effective as of May 30, 2019, the three-year supply agreement we entered into with EDI, a subsidiary of Cummins, in October 2017, pursuant to which EDI agreed to build for us, on an exclusive basis, zero-emission electric drivetrain systems for sale to Blue Bird Corporation for installation in its Type C and D school bus product lines, was terminated by Cummins. In light of the termination of the supply agreement with EDI, the Company and Blue Bird Corporation mutually agreed to terminate the Company’s supply agreement with Blue Bird Corporation, effective as of May 31, 2019, and, as a result, the Company’s participation in the DOE grant ended on May 31, 2019.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: arrangement, cargo, Defense, demo, dismissal, dismissed, Downey, grantee, indemnification, Joint, oral, partially, prejudice, proceed, reimburse, site, spare, stage, tentatively, test
Removed: forfeiture