See more : Leadtrend Technology Corporation (3588.TW) Income Statement Analysis – Financial Results
Complete financial analysis of Lordstown Motors Corp. (RIDE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Lordstown Motors Corp., a leading company in the Auto – Manufacturers industry within the Consumer Cyclical sector.
You may be interested
- Industrial and Commercial Bank of China Limited (ICK.VI) Income Statement Analysis – Financial Results
- Nanjing Quanxin Cable Technology Co., Ltd. (300447.SZ) Income Statement Analysis – Financial Results
- Zimmer Energy Transition Acquisition Corp. (ZT) Income Statement Analysis – Financial Results
- Beijer Ref AB (publ) (BEIJ-B.ST) Income Statement Analysis – Financial Results
- Forbion European Acquisition Corp. (FRBNU) Income Statement Analysis – Financial Results
Lordstown Motors Corp. (RIDE)
About Lordstown Motors Corp.
Lordstown Motors Corp. develops, manufactures, and sells Endurance, an electric full-size pickup truck for fleet customers. The company was founded in 2019 and is based in Lordstown, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 2.34M | 194.00K | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 91.55M | 30.02M | 11.11M | 0.00 | 0.00 |
| Gross Profit | -89.21M | -29.83M | -11.11M | 0.00 | 0.00 |
| Gross Profit Ratio | -3,812.39% | -15,375.77% | 0.00% | 0.00% | 0.00% |
| Research & Development | 33.34M | 107.82M | 284.02M | 73.69M | 5.87M |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 28.79M | 4.53M |
| SG&A | 42.61M | 138.27M | 105.36M | 28.79M | 4.53M |
| Other Expenses | 0.00 | 788.00K | -10.08M | -20.87M | 0.00 |
| Operating Expenses | 75.96M | 246.09M | 389.38M | 102.48M | 10.39M |
| Cost & Expenses | 167.51M | 276.11M | 400.49M | 102.48M | 10.39M |
| Interest Income | 0.00 | 3.21M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 703.00K | 0.00 |
| Depreciation & Amortization | 54.41M | 8.48M | 11.11M | -198.00K | 15.59M |
| EBITDA | -110.76M | -267.44M | -399.26M | -123.35M | 5.20M |
| EBITDA Ratio | -4,733.29% | -137,855.15% | 0.00% | 0.00% | 0.00% |
| Operating Income | -165.17M | -275.92M | -400.49M | -102.48M | -10.39M |
| Operating Income Ratio | -7,058.38% | -142,224.23% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -177.90M | -6.49M | -9.88M | -21.57M | 0.00 |
| Income Before Tax | -343.07M | -282.40M | -410.37M | -124.05M | -10.39M |
| Income Before Tax Ratio | -14,660.94% | -145,569.07% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 198.00K | -15.59M |
| Net Income | -343.07M | -282.40M | -410.37M | -124.05M | -10.39M |
| Net Income Ratio | -14,660.94% | -145,569.07% | 0.00% | 0.00% | 0.00% |
| EPS | -21.67 | -20.30 | -34.06 | -19.24 | -2.28 |
| EPS Diluted | -21.67 | -20.30 | -34.06 | -19.24 | -2.28 |
| Weighted Avg Shares Out | 15.95M | 13.91M | 12.05M | 6.45M | 4.55M |
| Weighted Avg Shares Out (Dil) | 15.95M | 13.91M | 12.05M | 6.45M | 4.55M |
Cut Your Losses: Say Goodbye to These 3 Struggling Stocks
For investors, it's always difficult to know exactly when to say “enough is enough,” as struggling stocks lose value. It's always tempting to hold on to positions, in the hope that a miraculous turnaround will materialize.
What's Going on With Lordstown Motors (RIDE) Stock Today?
Continuing its dramatic rally from the prior session, shares of electric vehicle (EV) manufacturer Lordstown Motors (NASDAQ: RIDE ) — which specializes in commercial fleet vehicles — jumped sharply again early on Friday. Interestingly, no company-specific news appears to represent...
Why Are EV Stocks WKHS, RIDE, GOEV, PSNY, NKLA, NIO Up Today?
In today's session, EV stocks are once again in focus for investors. Whether it's Workhorse (NASDAQ: WKHS ), Lordstown Motors (NASDAQ: RIDE ), Canoe (NASDAQ: GOEV ), Polestar Automotive (NASDAQ: PSNY ), Nikola (NASDAQ: NKLA ) or Nio (NYSE: NIO ), there's a lot of...
The Meme Stock Frenzy is Over: Sell These Seven Now
You may think a call to “sell meme stocks now” is an overreaction. After all, a fair number of meme names have performed well lately, suggesting a “renaissance” of sorts for this investing trend.
Get Out Now! 7 Penny Stocks That Are Poised to Plunge
In the dynamic world of investing, it's imperative to consider penny stocks to avoid . Investors frequently fall into the trap of equating low prices with low valuation or high upside potential.
3 Stocks to Sell Now and NEVER Buy Again
A great way to play contrarian is by selling or shorting stocks that are perpetually bleeding and have little chance of making a recovery. There are many companies like Bed Bath & Beyond (OTCMKTS: BBBYQ ) that are delaying their...
7 Stocks to Sell in June Before They Crash and Burn
As we pass the halfway mark of 2023, it's time to consider which stocks to sell in June. If investors continue to have trouble understanding whether the markets are due for another correction soon it's for good reason.
RIDE Stock Alert: Lordstown Prepares for Litigation Against Foxconn
Fears that Lordstown Motors (NASDAQ: RIDE ) may go bankrupt are increasing today. This comes after the company said it will sue to make Foxconn (OTCMKTS: HNHPF ) go through with its deal to take a roughly 20% stake in...
Lordstown Motors to sue Foxconn over funding dispute; stock higher
Electric vehicle (EV) maker Lordstown Motors Corp (NASDAQ:RIDE) announced on Friday that it plans to take legal action against investor Foxconn to ensure that the Taiwanese electronics contract manufacturer completes a planned purchase of nearly 10% of Lordstown's shares. Reuters reported...
7 Tech Stocks to Avoid Like the Plague in June
A concentrated grouping of tech stocks is responsible for rallying markets in 2023. In fact, a Forbes article from late April noted as much, stating that seven stocks were responsible for 90% of the S&P 500's gains to that point.
Source: https://incomestatements.info
Category: Stock Reports