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Adomani, Inc. (ADOM) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Adomani, Inc.

CIK: 1563568 Ticker: ADOM

 

 

Exhibit 99.1

ADOMANI® Reports Second Quarter 2019 Results

CORONA, CA / ACCESSWIRE / July 24, 2019 /

ADOMANI, Inc. (NASDAQ: ADOM), a provider of advanced zero-emission and hybrid vehicle drivetrain solutions and purpose-built electric vehicles, today announced its results for the second quarter ended June 30, 2019.

Quarterly and Recent Highlights

 

Sales revenue of approximately $4.4 million for the three months ended June 30, 2019 (82% of full year 2018 sales revenue), and approximately $4.8 million for the six months ended June 30, 2019 (approximately 96% of full year 2018 sales revenue).

 

Backlog of $10.7 million at June 30, 2019, the majority of which is expected to be delivered in 2019.

 

Was successful in being awarded a purchase order for four all electric cargo vans from the County of Santa Clara. This order is included in the June 30, 2019 backlog number.

 

Key members of the ADOMANI management team visited China in June as a follow-up to the February visits to the Philippines and China. These meetings were intended to strengthen the supply chain for all-electric vehicles and to meet with several Chinese manufacturers in order to explore prospective alliances, as well as develop relationships with progressive electric vehicle suppliers. We expect that these and future meetings will result in ADOMANI having access to new, desirable vehicles for the marketplace.

 

Showcased its all-electric commercial trucks and vans in California ride-and-drive events, including the annual Advanced Clean Transportation Expo and the California Association of School Business Officials in April, and met with and

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The following information was filed by Adomani, Inc. (ADOM) on Thursday, July 25, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Adomani, Inc. provided additional information to their SEC Filing as exhibits

Ticker: ADOM
CIK: 1563568
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-19-026614
Submitted to the SEC: Mon Jul 29 2019 4:32:01 PM EST
Accepted by the SEC: Mon Jul 29 2019
Period: Sunday, June 30, 2019
Industry: Motor Vehicle Parts And Accessories

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