07:27 AM EDT, 07/31/2025 (MT Newswires) -- GreenPower Motor Company ( GP ) , trading near 52 week lows in both Canada and the United States, overnight Wednesday said its loss for the fourth quarter narrowed, but revenues fell "as the political winds shifted and federal EV incentives and policies began to change", pushing the company to consolidate its operations.

The company's fourth-quarter loss for the period was US$3.834 million or $0.13 basic and diluted, down from a loss for the period of US$6.6 million in the corresponding year-ago quarter.

The company said that the reduction in quarterly losses in the fourth quarter was primarily the result of a reduction in selling, general and administrative expenses over the period and the inclusion of other income related to the derecognition of a contingent liability.

Fourth-quarter revenue was reported at around US$4.3 million, down from about US$5.1 million in the year-ago quarter.

The company reported a year-end revenue of US$19.8 million for the year ended March 31, down from around US$39.3 million last year.

"Fiscal year 2025 was a transformative year for GreenPower as the political winds shifted and federal EV incentives and policies began to change," said GreenPower Chief Executive Officer, Fraser Atkinson.

"Consolidating our operations from five different facilities spread throughout California to one larger facility has reduced our costs and increased efficiency," said GreenPower President, Brendan Riley. "Having our U.S. corporate headquarters, engineers, project managers, upfitting operations and west coast manufacturing in one location better positions the company for managed growth and success."