GreenPower publishes MD&A for year ended March 31, 2026
GP•GreenPower reports year-end MD&A results
GreenPower published its MD&A for the year ended March 31, 2026, reporting 25 vehicle deliveries; revenue fell 17.4% to USD 16.39 million.
Revenue included USD 9.63 million from forfeited customer deposits tied to cancelled contracts, including a negotiated Workhorse cancellation.
The Workhorse deal left GreenPower holding deposits and about 100 EV Star cab-and-chassis units in inventory for resale into other end markets.
Net loss narrowed to USD 5.48 million from USD 18.66 million; sales, general and administrative costs fell 46.6% on footprint and headcount cuts.
Outlook centers on new financing, completing and delivering vehicles in production and finished-goods inventory, further cost reductions, and tariff mitigation strategies.
