Overview
- TickerEMBK on NASDAQ1
- IndustryServices-Computer Integrated Systems Design1
- HeadquartersSan Francisco1
- Websiteembarktrucks.com
- Legal formDelaware corporation1
- Incorporated inDE5
- Business address321 Alabama Street, San Francisco, Ca 941105
- Filer category, Emerging growth company5
- LEI549300NVUJ89UY1TGM943
- StatusActive3
- LEI statusLapsed (not renewed)3
- Registered addressC/O VCORP SERVICES, LLC, 19805 Wilmington, United States3
- Registered withDivision of Corporations, Department of State, 37473403
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Research and development | $18.8M6 | $55.3M4 | $79.2M4 | |
| Operating expenses | $103.7M4 | $153.7M4 | ||
| Operating income | -$22.4M6 | -$103.7M4 | -$153.7M4 | |
| Interest | $8.2M4 | $360.0K4 | ||
| Income before tax | -$124.2M4 | -$103.2M4 | ||
| Income tax | $06 | $04 | $04 | |
| Net income | -$21.5M6 | -$124.2M4 | -$103.2M4 | |
| Earnings per share | -$13.404 | -$4.494 | ||
| Earnings per share (diluted) | -$13.404 | -$4.494 | ||
| Shares (weighted, basic) | 9.3M shares4 | 23.0M shares4 | ||
| Shares (weighted, diluted) | 9.3M shares4 | 23.0M shares4 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Cash | $10.3M6 | $11.1M6 | $264.6M4 | $157.6M4 |
| Current assets | $66.0M6 | $277.5M4 | $165.6M4 | |
| Property, plant and equipment | $9.6M4 | $20.6M4 | ||
| Total assets | $73.0M6 | $291.0M4 | $214.7M4 | |
| Accounts payable | $2.5M4 | $1.0M4 | ||
| Current liabilities | $1.5M6 | $6.0M4 | $8.7M4 | |
| Long-term debt | $1.1M6 | $1.8M4 | ||
| Total liabilities | $2.2M6 | $56.4M4 | $29.8M4 | |
| Retained earnings | -$182.9M4 | -$286.1M4 | ||
| Shareholders’ equity | $91.2M6 | $70.8M4 | $234.6M4 | $185.0M4 |
| Shares outstanding | 10.3M shares11 | 51.8M shares11 | 362.9M shares6 |
Corporate structure
Embark Technology sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Embark Technology
- Alex Rodrigues Filed SC 13D/A on Embark Technology, latest Aug 7, 2023 (4 filings since Nov 22, 2021)
- Brandon Moak Filed SC 13D/A on Embark Technology, latest Aug 7, 2023 (4 filings since Nov 22, 2021)
- SC US (TTGP), LTD. Filed SC 13D/A on Embark Technology, latest Aug 3, 2023 (4 filings since Nov 19, 2021)
- BML Investment Partners, L.P. Filed SC 13G on Embark Technology, latest Mar 17, 2023
- Data Collective IV, L.P. Filed SC 13G/A on Embark Technology, latest Feb 14, 2023 (2 filings since Nov 19, 2021)
- TIGER GLOBAL MANAGEMENT LLC Filed SC 13G/A on Embark Technology, latest Feb 14, 2023 (2 filings since Nov 22, 2021)
- Alberta Investment Management Corporation Filed SC 13G/A on Embark Technology, latest Feb 14, 2022
- Maven Ventures Fund II, L.P. Filed SC 13G on Embark Technology, latest Feb 14, 2022
- Embark Technology San Francisco, California, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Embark Technology reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $25.4M4 Dec 31, 2022 | $12.5M4 Dec 31, 2021 | +103.4% |
| Accumulated depreciation | $4.8M4 Dec 31, 2022 | $2.9M4 Dec 31, 2021 | +68.0% |
| Property and equipment, net | $20.6M4 Dec 31, 2022 | $9.6M4 Dec 31, 2021 | +113.8% |
| Operating-lease assets (leased space) | $22.0M4 Dec 31, 2022 | $4.4M4 Jan 1, 2022 | +399.0% |
Investments
Leadership
Who has led Embark Technology, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerIan Robertson Sep 21, 2022 to Sep 21, 202212
- Chief executive officerAlex Rodrigues Nov 18, 2021 to Aug 4, 202313
- PresidentMichael B. Hoffman Jan 13, 2021 to Jan 13, 202114
- Chief financial officerMorgan Dioli Aug 4, 2023 to Aug 4, 202315
- Chief financial officerKenneth Manget Jan 13, 2021 to Jan 13, 202116
- Chief financial officerRichard Hawwa Nov 15, 2021 to Aug 4, 202317
- Chief operating officerStephen Meyer Houghton Feb 8, 2022 to Aug 4, 202318
Board members and other officers (11)
- Chief Tech Officer/Co-FounderBrandon Moak Nov 18, 2021 to Aug 4, 202319
- Board memberIan Robertson Sep 21, 2022 to Aug 4, 202312
- Board memberPenny Herscher Sep 29, 2022 to Aug 4, 202320
- Board memberBrad Sparkes Jan 13, 2021 to Jan 13, 202121
- Board memberRobert Ian Schaefer Jan 13, 2021 to Jan 13, 202122
- Board memberAlex Rodrigues Nov 18, 2021 to Aug 4, 202313
- Board memberBrandon Moak Nov 18, 2021 to Aug 4, 202319
- Board memberElaine Chao Nov 18, 2021 to Aug 4, 202323
- Board memberPatricia Chiodo Nov 18, 2021 to Aug 4, 202324
- Board memberPatrick W. Grady Nov 19, 2021 to Aug 4, 202325
- General counselSiddhartha Venkatesan Nov 15, 2021 to Aug 4, 202326
Former names
- Northern Genesis Acquisition Corp. IIOct 13, 2020 to Nov 10, 20215
Timeline
- Aug 2, 20238-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights27
- Jul 19, 20238-K Shareholder vote28
- Jul 6, 20238-K Executive or director change29
- Jun 1, 20238-K Executive or director change30
- May 25, 20238-K Entered a material agreement; Change to shareholders' rights; Other events31
- May 10, 20238-K Executive or director change32
- May 1, 20238-K Executive or director change33
- Apr 6, 20238-K Executive or director change34
- Mar 7, 20238-K Executive or director change35
- Mar 3, 20238-K Exit or restructuring costs; Other events36
- Nov 8, 20228-K Results of operations37
- Sep 27, 20228-K Regulation FD disclosure38
- Sep 21, 2022New chief executive Ian Robertson becomes CEO12
- Nov 18, 2021New chief executive Alex Rodrigues becomes CEO13
- Mar 5, 2021Went public Listed on NASDAQ1
- Sep 25, 2020Founded Embark Technology is founded3
Calendar
When it reported results
- Nov 8, 2022Reported quarterly or annual results37
- Aug 11, 2022Reported quarterly or annual results39
- May 10, 2022Reported quarterly or annual results40
- Mar 17, 2022Reported quarterly or annual results41
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
191 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 26 major events, 54 insider forms, 19 large holders, 84 other. The latest 20:
- Aug 14, 202315-12G EDGAR
- Aug 7, 2023SC 13D/A EDGAR
- Aug 7, 2023SC 13D/A EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20233 FORM 3 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 4, 20234 FORM 4 SUBMISSION EDGAR
- Aug 3, 2023EFFECT EDGAR
- Aug 3, 2023EFFECT EDGAR
- Aug 3, 2023SC 13D/A EDGAR
The 191 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
8 open-market trades by officers, directors and large owners since October 2021: 3 buys and 5 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 14, 2023 | Venkatesan SiddharthaFormer Chief Legal Officer | Sale | 3,687 | $2.80 | $10.3K | Form 4 |
| Mar 30, 2023 | Venkatesan SiddharthaFormer Chief Legal Officer | Sale | 5,467 | $2.61 | $14.3K | Form 4 |
| Mar 30, 2023 | Hawwa RichardFormer Chief Financial Officer | Sale | 9,502 | $2.61 | $24.8K | Form 4 |
| Dec 9, 2022 | Venkatesan SiddharthaFormer Chief Legal Officer | Sale | 9,102 | $3.14 | $28.6K | Form 4 |
| Dec 8, 2022 | Houghton Stephen MeyerFormer COO | Sale | 1,145 | $3.14 | $3.6K | Form 4 |
| Aug 30, 2022 | Data Collective IV, L.P.10% owner | Buy | 10,000 | $9.64 | $96.4K | Form 4 |
| Aug 18, 2022 | Data Collective IV GP, LLC10% owner | Buy | 10,000 | $11.64 | $116.4K | Form 4 |
| Aug 16, 2022 | Data Collective IV, L.P.10% owner | Buy | 122,000 | $0.84 | $102.5K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Alex RodriguesSC 13D/A, 4 filings Nov 22, 2021 to Aug 7, 202342
- Brandon MoakSC 13D/A, 4 filings Nov 22, 2021 to Aug 7, 202343
- SC US (TTGP), LTD.SC 13D/A, 4 filings Nov 19, 2021 to Aug 3, 202344
- BML Investment Partners, L.P.SC 13G, 1 filing Mar 17, 202345
- Data Collective IV, L.P.SC 13G/A, 2 filings Nov 19, 2021 to Feb 14, 202346
- TIGER GLOBAL MANAGEMENT LLCSC 13G/A, 2 filings Nov 22, 2021 to Feb 14, 202347
- Alberta Investment Management CorporationSC 13G/A, 1 filing Feb 14, 202248
- Maven Ventures Fund II, L.P.SC 13G, 1 filing Feb 14, 202249
SEC filer profile
How Embark Technology is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREmbark Technology, Inc.2
- CIK0001827980
- Employer ID (EIN)85-33436952
- Filer status<br>emerging growth company2
- Incorporated inDelaware2
- Fiscal year endsDecember 312
- Industry code (SIC)7373 Services-Computer Integrated Systems Design2
- Business address321 Alabama Street, San Francisco, CA 941102
- Phone(415) 671-96282
- Shares outstanding362,873,244 as of Mar 7, 20226
- Public float$126.9M as of Jun 30, 20224
- On EDGAR sinceOct 13, 20202
- Filings258 in all: 4 (40), 425 (36), 424B3 (30), 8-K (30), 3 (19), CORRESP (10), DEFA14A (10), SC 13D/A (9)2
All 40 form types
10-Q (7), EFFECT (7), UPLOAD (7), SC 13G (5), S-1/A (4), S-4/A (4), 10-K (3), POS AM (3), S-1 (3), SC 13D (3), SC 13G/A (3), 8-A12B (2), 8-K/A (2), CERT (2), DEF 14A (2), 10-Q/A (1), 15-12G (1), 25 (1), 25-NSE (1), 424B4 (1), DEFM14A (1), DEFR14A (1), DRS (1), NT 10-K (1), NT 10-Q (1), POS EX (1), PRE 14A (1), PREM14A (1), S-1MEF (1), S-4 (1), S-8 (1), S-8 POS (1)
- Latest filingsAnnual report (10-K) Mar 28, 2023
Quarterly report (10-Q) May 15, 2023
Proxy statement (DEF 14A) Jul 15, 2022
Latest 8-K (8-K) Aug 2, 2023
Links
- Websiteembarktrucks.com1
- WikidataQ110597561
- SEC EDGARCIK 1827980
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataEmbark Technology on Wikidata
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- 14SEC EDGARMichael B. Hoffman, President
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- 20SEC EDGARPenny Herscher, Board member
- 21SEC EDGARBrad Sparkes, Board member
- 22SEC EDGARRobert Ian Schaefer, Board member
- 23SEC EDGARElaine Chao, Board member
- 24SEC EDGARPatricia Chiodo, Board member
- 25SEC EDGARPatrick W. Grady, Board member
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- 28SEC EDGARShareholder vote
- 29SEC EDGARExecutive or director change
- 30SEC EDGARExecutive or director change
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- 32SEC EDGARExecutive or director change
- 33SEC EDGARExecutive or director change
- 34SEC EDGARExecutive or director change
- 35SEC EDGARExecutive or director change
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- 37SEC EDGARResults of operations
- 38SEC EDGARRegulation FD disclosure
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