Spartan Motors market cap is $600.6 m, and annual revenue was $756.54 m in FY 2019

Spartan Motors Gross profit (Q3, 2020)50.8 M

Spartan Motors Gross profit margin (Q3, 2020), %24.9%

Spartan Motors Net income (Q3, 2020)18.8 M

Spartan Motors EBIT (Q3, 2020)26.4 M

Spartan Motors Cash, 30-Sept-202043.1 M

Spartan Motors EV655.1 M

Spartan Motors revenue breakdown by business segment: 23.4% from Specialty Chassis and Vehicles, 46.9% from Fleet Vehicles and Services and 29.7% from Emergency Response Vehicles

Spartan Motors revenue breakdown by geographic segment: 93.0% from United States and 7.0% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 590.8m | 707.1m | 816.2m | 756.5m |

| 7% | 20% | 15% | |

## Cost of goods sold | 518.2m | 617.9m | 717.9m | |

## Gross profit | 72.5m | 89.2m | 98.3m | |

| 12% | 13% | 12% | |

## R&D expense | 6.8m | 6.5m | 7.3m | 4.9m |

## General and administrative expense | 56.2m | 65.5m | 73.4m | 64.5m |

## Operating expense total | 62.9m | 73.1m | 82.1m | 69.4m |

## EBIT | 8.6m | 16.2m | 16.1m | 47.6m |

| 1% | 2% | 2% | 6% |

## Interest expense | 410.0k | 864.0k | 1.1m | |

## Interest income | 488.0k | 717.0k | 2.2m | 1.4m |

## Pre tax profit | 8.7m | 16.0m | 17.3m | 47.1m |

## Income tax expense | 100.0k | 90.0k | 2.3m | 10.4m |

## Net Income | 8.6m | 15.9m | 15.0m | (12.4m) |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 32.0m | 33.5m | 27.4m | 19.3m |

## Accounts Receivable | 65.4m | 83.1m | 106.8m | 58.9m |

## Inventories | 58.9m | 77.7m | 70.0m | 59.5m |

## Current Assets | 162.2m | 198.8m | 245.3m | 252.8m |

## PP&E | 53.1m | 55.2m | 56.6m | 40.1m |

## Goodwill | 16.0m | 27.4m | 33.8m | 43.6m |

## Total Assets | 243.3m | 301.2m | 353.8m | 450.5m |

## Accounts Payable | 31.3m | 40.6m | 76.4m | 54.7m |

## Short-term debt | 65.0k | 64.0k | 60.0k | 13.5m |

## Current Liabilities | 87.7m | 109.7m | 138.1m | 158.0m |

## Long-term debt | 74.0k | 17.9m | 25.5m | 115.9m |

## Total Debt | 139.0k | 18.0m | 25.6m | 129.4m |

## Total Liabilities | 90.3m | 132.9m | 167.7m | 278.8m |

## Common Stock | 344.0k | 351.0k | 353.0k | 353.0k |

## Additional Paid-in Capital | 76.8m | 79.7m | 82.8m | 85.1m |

## Retained Earnings | 76.4m | 88.9m | 103.6m | 86.8m |

## Total Equity | 153.0m | 168.3m | 186.1m | 171.7m |

## Debt to Equity Ratio | 0 x | 0.1 x | 0.1 x | 0.8 x |

## Debt to Assets Ratio | 0 x | 0.1 x | 0.1 x | 0.3 x |

## Financial Leverage | 1.6 x | 1.8 x | 1.9 x | 2.6 x |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 8.6m | 15.9m | 15.0m | (12.4m) |

## Depreciation and Amortization | 7.9m | 9.9m | 10.4m | 11.2m |

## Accounts Receivable | (8.8m) | (18.6m) | (22.5m) | 22.8m |

## Inventories | 1.7m | 42.9m | (24.3m) | (14.8m) |

## Accounts Payable | 4.0m | 5.4m | 35.3m | (20.4m) |

## Cash From Operating Activities | 23.5m | 22.0m | 8.0m | 34.2m |

## Purchases of PP&E | (13.4m) | (5.3m) | (9.0m) | (10.0m) |

## Cash From Investing Activities | (13.4m) | (34.2m) | (14.6b) | (99.0m) |

## Long-term Borrowings | (5.1m) | (15.1m) | (66.0k) | (30.2m) |

## Dividends Paid | (3.4m) | (3.5m) | (3.5m) | (3.6m) |

## Cash From Financing Activities | (10.7m) | 13.7m | 75.0k | 56.7m |

## Net Change in Cash | (660.0k) | 1.5m | (6.1m) | (8.1m) |

- Source: SEC Filings

- Source: SEC Filings

USD | Q1, 2016 |
---|---|

## Revenue/Employee | 81.0k |

## Financial Leverage | 1.7 x |

Spartan Motors's Backlog was reported to be $458.8m in Q3, 2019.