Electrameccanica Vehicles EBIT

Electrameccanica Vehicles posts a EBIT of $-33M as of December 2023. That compares with $-110M in the prior-year period — up 70.4% year over year. That is below the Consumer Discretionary sector average of $140B. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Electrameccanica Vehicles's EBIT was $-110M. The latest reading is $-33M — a 70.4% year-over-year increase (period ending December 2023). Use the history and growth charts on this page for a longer lookback.

For Consumer Discretionary stocks, a EBIT near $140B is typical. Electrameccanica Vehicles's $-33M is lower that level. That is roughly 100.0% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

EBIT is one piece of Electrameccanica Vehicles's financial statement story. At $-33M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for SOLO's EBIT usually means three checks: (1) trend versus prior periods, (2) level versus peers (average $140B), and (3) consistency with growth and profitability. This page covers the first two; Electrameccanica Vehicles's other metric pages and overview cover the third.