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Smith Electric Vehicles Corporation
Smith Electric Vehicles Corporation has been acquired by a public company.
PrivCo has ceased its coverage of Smith Electric Vehicles Corporation and below is the archived report.
Business Summary
Smith Electric Vehicles Corp is a privately-held company manufactures and markets zero-emission commercial electric vehicles in the United States and Europe. Smith Electric Vehicles was founded in 2009 and has headquarters in Kansas City, Missouri.
Recent News, Updates, and Analysis
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SOLARCITY To IPO On NASDAQ This Week, Aims To Raise $141 Million In Rocky Market For Clean-Tech IPOs, But ELON MUSK's Backing Raises Hopes For Sunshine; PrivCo Analyzes SOLARCITY's Financials And Its IPO's Strengths & Risks
Dec. 2012 December 10, 2010 7:45 pm EST - SolarCity is looking to price on NASDAQ this week. With a revised goal to raise $141 Million, down from $201 Million when it first filed - SolarCity is testing an IPO market that has generally given solar and clean-tech companies the cold shoulder. The only other clean-tech company to IPO this year is Enphase (March 2012). … Read More » -
IPO Week In Review: TRULIA Shares Jump 41% On First Day Of Trading; PrivCo: "IPO Pipeline Will Breathe A Collective Sigh Of Relief"; SMITH ELECTRIC VEHICLES Withdraws And GLOBEIMMUNE Delays IPO
Sep. 2012 The IPO window officially opens, with impressive debut from Trulia, up 41% after first day (PrivCo estimated valuation at $33/sh). Muted response for other 3 company debuts. … Read More » -
IPO PIPELINE PACKED, With 210 Private Companies Awaiting Fall Debuts: Online Real Estate Site TRULIA Aiming to "Close Escrow" On $90M IPO (PrivCo's Fair Value of Trulia = $33/Share), While Electric Vehicle Maker SMITH ELECTRIC VEHICLES & Auto Website AUTOTRADER Plan IPOs To Paydown Debt
Sep. 2012 The September IPO pipeline has an enormous backlog, even by the standards of the normal post-summer IPO lull, with PrivCo tracking at least 210 US private companies with IPOs pending (including several dozen confirmed by PrivCo has having filed under the recent Confidential IPO provisions of the US JOBS Act). … Read More »
Overview & Corporate Organization
Basic Information
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| City: | Kansas City |
| State/Province: | Missouri |
| Country: | United States |
| Phone: | View |
| Website: | www.smithelectric.com |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Manufacturing & Industrial > Transportation Equipment Manufacturing > Truck & Trailer Manufacturing |
| Retail > Motor Vehicle & Motor Vehicle Parts Retail > Heavy Duty Trucks & Trailers Retail |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2011 | 2010 | 2009 | 2008 |
| Sales Revenue, Net - Services | View | View | View | |
| Revenue from Transportation | View | View | View | View |
| Other Operating Revenue | View | |||
| Revenues | View | View | View | View |
| Cost of Services | View | View | View | View |
| Transportation Costs | View | View | View | View |
| Cost of Goods and Services Sold | View | View | View | View |
| Gross Profit | View | View | View | View |
| Selling, General and Administrative Expenses | View | View | View | View |
| Research and Development Expense (Excluding In - Process) | View | View | View | View |
| Total Operating Expenses excluding costs | View | View | View | View |
| Operating Income/(Loss) | View | View | View | View |
| Interest Expense | View | View | View | View |
| Non-operating Income - Other | View | View | View | |
| Non-operating Expense - Other | View | View | View | |
| Non-operating Income/(Expense) - Other | View | |||
| Income/(Loss) from Continuing Operations Before Income Taxes | View | View | View | View |
| Provision for Income Taxes | View | View | View | View |
| Extinguishment of Debt | View | View | View | View |
| Net Income (Loss) | View | View | View | View |
| Balance Sheet | 2011 | 2010 | 2009 |
| Cash and Cash Equivalents | View | View | View |
| Net Accounts Receivable Trade | View | View | View |
| Net Other Receivables | View | View | View |
| Net Inventories | View | View | View |
| Current Other Assets | View | View | View |
| Current Assets | View | View | View |
| Net Property, Plant and Equipment | View | View | View |
| Finite-Lived - License Agreements | View | View | |
| Noncurrent Other Assets | View | View | View |
| Assets | View | View | View |
| Accounts Payable | View | View | View |
| Current Warranty and Related Accruals | View | View | View |
| Current Deferred/(Unearned) Revenue | View | View | View |
| Current Notes Payable | View | ||
| Other Notes Payable Current | View | View | |
| Other Current Payables | View | View | View |
| Current Other Liabilities | View | View | View |
| Current Liabilities | View | View | View |
| Notes Payable - Long-Term | View | ||
| Interest Payable Noncurrent | View | View | View |
| Noncurrent Other Liabilities | View | View | View |
| Liabilities | View | View | View |
| Redeemable Convertible Preferred Stock Obligations | View | View | View |
| Common Stock - Value (Excluding Additional Paid in Capital) | View | View | View |
| Additional Paid in Capital | View | View | View |
| Warrants and Rights Outstanding | View | View | View |
| Retained Earnings | View | View | View |
| Other Accumulated Comprehensive Income, Net of Tax Effect | View | View | View |
| Equity - Other | View | View | View |
| Stockholders' Equity | View | View | View |
| Liabilities and Stockholders' Equity | View | View | View |
| Cash Flow Statement | 2011 | 2010 | 2009 | 2008 |
| Operating Activities Beginning Net Income | View | View | View | View |
| Amortization | View | View | View | View |
| Depreciation and Amortization | View | View | View | View |
| Adjustment Accretion | View | View | View | View |
| Asset Impairment Charges | View | View | View | View |
| Adjustment for Equity Based Compensation Expense | View | View | View | View |
| Adjustment Derivatives | View | View | View | View |
| Adjustment Extraordinary Items | View | View | View | View |
| Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) | View | View | View | View |
| Noncash Expenses - Other | View | View | View | View |
| Change Accounts Receivable | View | View | View | View |
| Increase/(Decrease) in Inventories | View | View | View | View |
| Increase/(Decrease) in Other Current Assets | View | View | View | View |
| Increase/(Decrease) in Accounts Payable | View | View | View | View |
| Increase/(Decrease) in Unearned Premiums | View | View | View | View |
| Increase/(Decrease) in Other Non-operating Liabilities | View | |||
| Net Other Increase/(Decrease) in Working Capital | View | View | View | |
| Net Cash Flows Provided By/(Used In) Operating Activities | View | View | View | View |
| Purchase of Property, Plant and Equipment | View | View | View | View |
| Net Cash Flows Provided By/(Used In) Investing Activities | View | View | View | View |
| Repayments on Notes Payable | View | View | View | View |
| Proceeds from Senior Debt | View | View | View | |
| Proceeds Convertible Debt | View | View | View | View |
| Net Change Other Debt | View | View | View | |
| Debt Issuance Costs | View | |||
| Financing Costs | View | View | View | |
| Proceeds from Issuance of Common Stock | View | View | View | View |
| Proceeds from Issuance of Redeemable Convertible Preferred Stock | View | View | View | View |
| Proceeds from Issuance of Warrants | View | View | View | View |
| Cash Provided by/(Used in) Financing Activities - Other | View | View | View | View |
| Net Cash Flows Provided By/(Used In) Financing Activities | View | View | View | View |
| Effect of Exchange Rate on Cash and Cash Equivalents | View | View | View | View |
| Increase/(Decrease) in Cash and Cash Equivalents | View | View | View | View |
| Cash and cash equivalents at the beginning of the year | View | View | View | View |
| Total Cash and cash equivalents at the end of the year | View | View | View | View |
| Income Taxes Paid | View | View | View | |
| Cash Interest Expense | View | View | View | |
| Supplemental Other Net | View | View | View |
| Financial Notes: | |
| * | Smith Electric Vehicles Corporation fiscal year end: 12/31 |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Smith Electric Vehicles Corporation financials to Excel and create your own graphs.)
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Smith Electric Vehicles Corporation Sales Revenue, Net - Services ($ MM): |
Smith Electric Vehicles Corporation Revenue from Transportation ($ MM): |
Smith Electric Vehicles Corporation Revenues ($ MM): |
Smith Electric Vehicles Corporation Cost of Services ($ MM): |
Smith Electric Vehicles Corporation Transportation Costs ($ MM): |
Smith Electric Vehicles Corporation Cost of Goods and Services Sold ($ MM): |
Smith Electric Vehicles Corporation Gross Profit ($ MM): |
Smith Electric Vehicles Corporation Selling, General and Administrative Expenses ($ MM): |
Smith Electric Vehicles Corporation Research and Development Expense (Excluding In - Process) ($ MM): |
Smith Electric Vehicles Corporation Total Operating Expenses excluding costs ($ MM): |
Smith Electric Vehicles Corporation Operating Income/(Loss) ($ MM): |
Smith Electric Vehicles Corporation Interest Expense ($ MM): |
Smith Electric Vehicles Corporation Non-operating Income - Other ($ MM): |
Smith Electric Vehicles Corporation Non-operating Expense - Other ($ MM): |
Smith Electric Vehicles Corporation Income/(Loss) from Continuing Operations Before Income Taxes ($ MM): |
Smith Electric Vehicles Corporation Extinguishment of Debt ($ MM): |
Smith Electric Vehicles Corporation Net Income (Loss) ($ MM): |
Smith Electric Vehicles Corporation Cash and Cash Equivalents ($ MM): |
Smith Electric Vehicles Corporation Net Accounts Receivable Trade ($ MM): |
Smith Electric Vehicles Corporation Net Other Receivables ($ MM): |
Smith Electric Vehicles Corporation Net Inventories ($ MM): |
Smith Electric Vehicles Corporation Current Other Assets ($ MM): |
Smith Electric Vehicles Corporation Current Assets ($ MM): |
Smith Electric Vehicles Corporation Net Property, Plant and Equipment ($ MM): |
Smith Electric Vehicles Corporation Finite-Lived - License Agreements ($ MM): |
Smith Electric Vehicles Corporation Noncurrent Other Assets ($): |
Smith Electric Vehicles Corporation Assets ($ MM): |
Smith Electric Vehicles Corporation Accounts Payable ($ MM): |
Smith Electric Vehicles Corporation Current Warranty and Related Accruals ($ MM): |
Smith Electric Vehicles Corporation Current Deferred/(Unearned) Revenue ($ MM): |
Smith Electric Vehicles Corporation Other Notes Payable Current ($ MM): |
Smith Electric Vehicles Corporation Other Current Payables ($ MM): |
Smith Electric Vehicles Corporation Current Other Liabilities ($ MM): |
Smith Electric Vehicles Corporation Current Liabilities ($ MM): |
Smith Electric Vehicles Corporation Interest Payable Noncurrent ($ MM): |
Smith Electric Vehicles Corporation Noncurrent Other Liabilities ($ MM): |
Smith Electric Vehicles Corporation Liabilities ($ MM): |
Smith Electric Vehicles Corporation Redeemable Convertible Preferred Stock Obligations ($ MM): |
Smith Electric Vehicles Corporation Common Stock - Value (Excluding Additional Paid in Capital) ($): |
Smith Electric Vehicles Corporation Additional Paid in Capital ($ MM): |
Smith Electric Vehicles Corporation Warrants and Rights Outstanding ($): |
Smith Electric Vehicles Corporation Retained Earnings ($ MM): |
Smith Electric Vehicles Corporation Other Accumulated Comprehensive Income, Net of Tax Effect ($ MM): |
Smith Electric Vehicles Corporation Equity - Other ($ MM): |
Smith Electric Vehicles Corporation Stockholders' Equity ($ MM): |
Smith Electric Vehicles Corporation Liabilities and Stockholders' Equity ($ MM): |
Smith Electric Vehicles Corporation Operating Activities Beginning Net Income ($ MM): |
Smith Electric Vehicles Corporation Amortization ($): |
Smith Electric Vehicles Corporation Depreciation and Amortization ($ MM): |
Smith Electric Vehicles Corporation Adjustment Accretion ($ MM): |
Smith Electric Vehicles Corporation Asset Impairment Charges ($ MM): |
Smith Electric Vehicles Corporation Adjustment for Equity Based Compensation Expense ($ MM): |
Smith Electric Vehicles Corporation Adjustment Derivatives ($ MM): |
Smith Electric Vehicles Corporation Adjustment Extraordinary Items ($ MM): |
Smith Electric Vehicles Corporation Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) ($ MM): |
Smith Electric Vehicles Corporation Noncash Expenses - Other ($ MM): |
Smith Electric Vehicles Corporation Change Accounts Receivable ($ MM): |
Smith Electric Vehicles Corporation Increase/(Decrease) in Inventories ($ MM): |
Smith Electric Vehicles Corporation Increase/(Decrease) in Other Current Assets ($ MM): |
Smith Electric Vehicles Corporation Increase/(Decrease) in Accounts Payable ($ MM): |
Smith Electric Vehicles Corporation Increase/(Decrease) in Unearned Premiums ($ MM): |
Smith Electric Vehicles Corporation Net Other Increase/(Decrease) in Working Capital ($ MM): |
Smith Electric Vehicles Corporation Net Cash Flows Provided By/(Used In) Operating Activities ($ MM): |
Smith Electric Vehicles Corporation Purchase of Property, Plant and Equipment ($ MM): |
Smith Electric Vehicles Corporation Net Cash Flows Provided By/(Used In) Investing Activities ($ MM): |
Smith Electric Vehicles Corporation Repayments on Notes Payable ($ MM): |
Smith Electric Vehicles Corporation Proceeds from Senior Debt ($ MM): |
Smith Electric Vehicles Corporation Proceeds Convertible Debt ($ MM): |
Smith Electric Vehicles Corporation Net Change Other Debt ($ MM): |
Smith Electric Vehicles Corporation Financing Costs ($): |
Smith Electric Vehicles Corporation Proceeds from Issuance of Common Stock ($): |
Smith Electric Vehicles Corporation Proceeds from Issuance of Redeemable Convertible Preferred Stock ($ MM): |
Smith Electric Vehicles Corporation Proceeds from Issuance of Warrants ($ MM): |
Smith Electric Vehicles Corporation Cash Provided by/(Used in) Financing Activities - Other ($ MM): |
Smith Electric Vehicles Corporation Net Cash Flows Provided By/(Used In) Financing Activities ($ MM): |
Smith Electric Vehicles Corporation Effect of Exchange Rate on Cash and Cash Equivalents ($): |
Smith Electric Vehicles Corporation Increase/(Decrease) in Cash and Cash Equivalents ($): |
Smith Electric Vehicles Corporation Cash and cash equivalents at the beginning of the year ($ MM): |
Smith Electric Vehicles Corporation Total Cash and cash equivalents at the end of the year ($ MM): |
Smith Electric Vehicles Corporation Cash Interest Expense ($): |
Smith Electric Vehicles Corporation Supplemental Other Net ($ MM): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Oct. 2004 | Completed | Smith Electric Vehicles Corporation | The Tanfield Group Plc | Acquisition | Unspecified |
| Details | Mar. 2010 | Completed | View1 | View | Acquisition Spin-Off | View |
| Details | Mar. 2011 | Completed | View2 | View | Acquisition | View |
| 1 | Smith Electric Vehicles US bout...Read More → |
| 2 | The transaction includes the purchase...Read More → |
Full-length notes are available with Single Report Access or PrivCo Premium Subscription. |
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VC/Funding Activity
| Date | Investor | Round | Investor Type | |
| Jan. 2010 | View | B | ||
| Details | Total Round B View | |||
| Total of Funding Shown Above View | ||||
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Public / Private History (PPH™)
| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Sep. 2012 | View | View | View1 | View | View | View |
| 1 | Smith scrapped an its IPO...Read More → |
Full-length notes are available with Single Report Access or PrivCo Premium Subscription. |
Detailed Business Description: Smith Electric Vehicles Corporation
Smith Electric Vehicles Corporation designs, produces, and sells zero emission commercial electric vehicles designed to be a superior performing alternative to traditional diesel trucks due to higher efficiency and lower total cost of ownership. Smith Electric is the only vehicle manufacturer selling to major commercial fleets in the United States and Europe that exclusively produces electric vehicles. Smith Electric has developed a signature advanced powertrain (Smith Drive??), power management (Smith Power??) and telemetry (Smith Link??) technologies. These technologies are believed to drive improved vehicle performance, provide increased control over supply chain quality and reduce the upfront cost of its vehicles.
Smith Electric Vehicles Corp. focuses on the production and sale of commercial electric vehicles that primarily address the needs of medium-duty commercial fleet operators with depot-based operations and predictable daily service routes of up to 120 miles. The company… Continue Reading →
Supplemental Resources
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