Embark Technology, Inc. develops self-driving software solutions for the trucking industry in the United States. Its solutions include Embark Driver, an autonomous trucking software; Embark Universal Interface, an interoperable self-driving stack that works across truck OEM platforms; and Embark Guardian, a cloud-based autonomous fleet management solution that gives carriers control over air updates, remote vehicle monitoring, remote vehicle assist, dispatching and access to real time data, such as weather and construction. The company was incorporated in 2016 and is headquartered in San Francisco, California.

Embark Technology, Inc.

Embark develops autonomous driving technology for trucks.

Embark

Embark (Nasdaq: EMBK) is an autonomous vehicle company building software for carriers to enable autonomous trucks within their fleets. We’re on a mission to build a world where consumers pay less for the things they need, drivers stay close to the homes they cherish, and roads are safer for the people we love.

Canada Pension Plan Investment Board

Sequoia Capital

Knight-Swift Transporation

Tiger Global Management

Mubadala Capital Ventures

Employee Stock Option Fund

DCVC

Maven Ventures

Y Combinator

OMERS Ventures

Embark Trucks (acquired by Applied Intuition)

We are excited to announce that Embark has entered into a definitive agreement to be acquired by Applied Intuition, marking an exciting next chapter in Embark’s journey.

Applied aims to integrate Embark’s internal tools, data, and software assets to further improve its offerings for customers in the trucking and automotive industries.

Learn more at: https://lnkd.in/gN5An2sW 

Additional information and where to find it: https://lnkd.in/gkh8M6iS 

	Mar '21	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22	Dec '22	Mar '23
revenue
cost of revenue
gross profit
selling and marketing expenses
general and administrative expenses	2.29M -	4.70M 105.33%	4.59M 2.32%	36.80M 701.26%	21.93M 40.42%	18.77M 14.42%	16.05M 14.47%	17.71M 10.33%	17.85M 0.80%
selling general and administrative expenses	2.29M -	4.70M 105.33%	4.59M 2.32%	36.80M 701.26%	21.93M 40.42%	18.77M 14.42%	16.05M 14.47%	17.71M 10.33%	17.85M 0.80%
research and development expenses	6.23M -	9.11M 46.22%	11.48M 26.01%	28.45M 147.83%	18.70M 34.30%	19.04M 1.85%	21.69M 13.92%	19.79M 8.78%	14.46M 26.91%
other expenses	9K -	-3K 133.33%	12K 500%	-6.72M 56,100%	26K 100.39%	-620K 2,484.62%	181K 129.19%	95K 47.51%	261K 174.74%
cost and expenses	8.52M -	13.81M 62.11%	16.07M 16.37%	65.25M 305.97%	40.62M 37.75%	37.81M 6.93%	37.74M 0.17%	37.49M 0.65%	32.31M 13.82%
operating expenses	8.52M -	13.81M 62.11%	16.07M 16.37%	65.25M 305.97%	40.62M 37.75%	37.81M 6.93%	37.74M 0.17%	37.49M 0.65%	32.31M 13.82%
interest expense		1.68M -	2.06M 22.72%	4.43M 115.16%	21K 99.53%	311K 1,380.95%	939K 201.93%	28K 97.02%	29K 3.57%
ebitda	-8.26M -	-13.52M 63.73%	-15.77M 16.59%	-71.64M 354.38%	-39.71M 44.57%	-37.30M 6.07%	-35.36M 5.20%	-34.31M 2.96%	-28.60M 16.66%
operating income	-8.52M -	-13.81M 62.11%	-16.07M 16.37%	-65.25M 305.97%	-40.62M 37.75%	-37.81M 6.93%	-37.74M 0.17%	-37.49M 0.65%	-65.13M 73.71%
depreciation and amortization	222K -	252K 13.51%	282K 11.90%	318K 12.77%	910K 186.16%	507K 44.29%	2.38M 369.43%	3.18M 33.66%	36.53M 1,048.44%
total other income expenses net	9K -	-4.78M 53,166.67%	-998K 79.10%	-6.72M 573.35%	22.17M 429.97%	23.48M 5.90%	2.33M 90.08%	2.52M 7.99%	2.07M 17.73%
income before tax	-8.48M -	-20.23M 138.46%	-19.12M 5.48%	-76.39M 299.58%	-18.45M 75.85%	-14.32M 22.35%	-35.41M 147.22%	-34.98M 1.22%	-63.06M 80.28%
income tax expense	9K -	1.67M 18,500%	2.07M 23.66%	-2.29M 210.72%	-22.17M 867.45%	-23.48M 5.90%	-2.33M 90.08%	-48.17M 1,968.31%	-2.04M 95.77%
net income	-8.48M -	-20.23M 138.46%	-19.12M 5.48%	-76.39M 299.58%	-18.45M 75.85%	-14.32M 22.35%	-33.08M 130.96%	13.19M 139.87%	-61.02M 562.60%
weighted average shs out					452.62B -	457.20B 1.01%	23.15M 99.99%	23.00M 0.62%	23.63M 2.74%
weighted average shs out dil					452.62B -	457.20B 1.01%	23.15M 99.99%	23.00M 0.62%	23.63M 2.74%
eps	0 -	0	0	0	0	0	-1.43 Infinity%	0.57 139.86%	-2.58 552.63%
epsdiluted	0 -	0	0	0	0	0	-1.43 Infinity%	0.57 139.86%	-2.58 552.63%

COM:EMBARKTRUCKS

Embark

Last Close

2.87

01/08 20:00

Market Cap

70.20M

Beta: -

Volume Today

129.69K

Avg: -

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