Proterra Inc
proterra.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 6, 2023. Its latest SEC filing is a 15-12G from Mar 14, 2024.
10-Q for Q3 FY2023, filed Nov 6, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Sells electric transit buses to public transit agencies and commercial fleets, and battery systems, vehicle electrification solutions, and charging systems to vehicle makers and fleet operators.
10-K for FY2022, filed Mar 17, 2023Proterra Powered & Energy. Proterra Powered products are our proprietary battery systems and electrification solutions for global…View ↗
We design, manufacture, and sell proprietary battery systems, electrification and charging solutions and fleet and energy management…View ↗
Proterra Transit As of December 31, 2022, Proterra Transit customers include municipal transit agencies, corporations, airports…View ↗
How Did They Make Money?
Customers pay for buses, charging systems, batteries, powertrain components, installation, parts, and services. Bus and equipment sales are generally paid at delivery or customer acceptance; installation contracts may be paid as the work is completed, while leases and extended warranties are paid over time.
10-K for FY2022, filed Mar 17, 2023
$309.4M
-
10-K for FY2022, filed Mar 18, 2023
$309.4M ↗
Who Were Their Customers?
Transit agencies, airports, universities, and commercial fleets buy buses directly. Vehicle manufacturers buy battery systems and electrification solutions through Proterra's sales teams, including channel sales in some markets; fleet operators buy charging solutions directly or through solicitations.
10-K for FY2022, filed Mar 17, 2023Proterra Powered & Energy. Proterra Powered products are our proprietary battery systems and electrification solutions for global…View ↗
Proterra Powered and Energy As of December 31, 2022, Proterra Powered had delivered electric vehicle battery systems and electrification…View ↗
Proterra Transit As of December 31, 2022, Proterra Transit customers include municipal transit agencies, corporations, airports…View ↗
We sell our battery systems and electrification solutions, fleet and energy management software and electric transit buses using a business…View ↗
Did Revenues Turn Into Profits?
No. It lost $238M in FY2022.
10-K for FY2022, filed Mar 18, 2023
−$220.9MView ↗
10-K for FY2022, filed Mar 18, 2023
−$238MView ↗
10-K for FY2022, filed Mar 18, 2023
−$356.1MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q3 FY2023, filed Nov 6, 2023
$5.2MView ↗
- ▲ Now profitable
- vs −$65.1M in Q3 FY2022
-
Mar 14, 2024
Reorganization plan took effect and existing shares were canceled
The plan's effective date was March 13, 2024; former common shareholders received no distribution.
Sources
8-K, filed Mar 14, 2024
PLEASE TAKE FURTHER NOTICE that on March 13, 2024, the Effective Date of the Plan occurred. All conditions precedent to the Effective Date…View ↗
-
Feb 8, 2024
Sold certain battery leases and related Transit assets to Phoenix Motor
The sale closed for approximately $6.5 million.
Sources
8-K, filed Feb 8, 2024
On February 7, 2024, the Company and Phoenix consummated the Battery Leases Sale. The aggregate final purchase price of the Battery Leases…View ↗
-
Feb 1, 2024
Sold substantially all Powered business assets to Volvo
The sale closed for approximately $223 million, plus assumption of certain liabilities and payment of cure amounts.
Sources
8-K, filed Feb 1, 2024
On February 1, 2024, the Debtors and Volvo consummated the Powered Sale. The purchase price for the Powered Assets was approximately $223…View ↗
Grew. Revenue grew 71% in 3 years, from $181.3M in FY2019 to $309.4M in FY2022, about 20% a year.
Loading...
