Core Insights - Volcon ePowersports has received its first purchase order from Advanced EV for 1,000 golf carts, marking a significant step in their collaboration [1][2] - The order will be used for market testing of a new golf cart model developed with Super Sonic, indicating a strategic partnership aimed at expanding product offerings [2][3] - This order is part of a broader growth strategy, as Volcon has recently completed another multi-million dollar deal, suggesting a positive growth trajectory for the company [3] Company Overview - Volcon is based in Austin, Texas, and is recognized as the first all-electric powersports company, focusing on sustainable electric vehicles for outdoor activities [4] - The company’s product lineup includes motorcycles, UTVs, and eBikes, with notable products like the Grunt and the recently launched Grunt EVO and Brat [5] - Volcon aims to provide high-quality, innovative products that enhance outdoor experiences while minimizing environmental impact [4][5] Recent Developments - The company has resumed its share repurchase program, indicating confidence in its financial position and future prospects [3] - Volcon's vehicle roadmap includes the introduction of new models that offer thrilling performance without the noise and pollution associated with gas-powered units [5]

Core Viewpoint - Volcon Inc. reported operational highlights and financial results for Q1 2025, emphasizing the sale of Grunt EVO motorcycles and the development of a new dual-sport motorcycle, while navigating challenges posed by tariffs on imported goods [1][2][4][5]. Company Highlights - In Q1 2025, Volcon sold all remaining Grunt EVO motorcycles and is developing a dual-sport motorcycle aimed for release in the second half of 2025, contingent on testing and regulatory compliance [2][6]. - The company signed and amended a supply agreement with Venom-EV LLC for golf carts, adjusting payment terms [3][6]. - Volcon is assessing the impact of U.S. tariffs on imported goods from China and Vietnam, which could significantly raise costs for vehicles and parts [4][5]. Financial Highlights - Revenue for Q1 2025 was $0.736 million, a decrease from $0.987 million in Q4 2024 and $1.076 million in Q3 2024, with Grunt EVO contributing $0.3 million [5][7]. - The cost of goods sold for Q1 2025 was $0.781 million, leading to a gross margin loss of $0.045 million [5][11]. - Total operating expenses for Q1 2025 were $2.461 million, down from $2.954 million in Q4 2024, with reductions across all categories [5][11]. - The net loss for Q1 2025 was $2.460 million, compared to a net loss of $5.217 million in Q4 2024 [5][14]. Adjusted EBITDA - Adjusted EBITDA for Q1 2025 was a loss of $2.401 million, an improvement from a loss of $4.982 million in Q4 2024 [5][14].