See more : KFC Holdings Japan, Ltd. (9873.T) Income Statement Analysis – Financial Results
Complete financial analysis of Lordstown Motors Corp. (RIDEQ) 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.
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Lordstown Motors Corp. (RIDEQ)
About Lordstown Motors Corp.
Lordstown Motors Corp. develops, manufactures, and sells Endurance, an electric full-size pickup truck for fleet customers in the United States. Lordstown Motors Corp. was incorporated in 2018 and is based in Lordstown, Ohio. On June 27, 2023, Lordstown Motors Corp., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
| 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 |
Lordstown Motors' ousted CEO settles with SEC for misleading investors
Steve Burns, the ousted founder, chairman and CEO of bankrupt EV startup Lordstown Motors, has settled with the U.S. Securities and Exchange Commission over misleading investors about demand for the company's flagship all-electric Endurance pickup truck.
SEC sues ex-Lordstown Motors CEO over merger statements
The U.S. Securities and Exchange Commission sued ex-Lordstown Motors Chief Executive Stephen Burns on Friday, over when it said were inaccurate statements when the electric vehicle maker went public in 2020.
Lordstown Motors comes out of bankruptcy with a new name to fight Foxconn
Lordstown Motors has emerged from bankruptcy with a new name and a nearly-singular focus: continuing its lawsuit against iPhone-maker Foxconn for allegedly “destroying the business of an American startup.
Nu Ride Inc., Formerly Known as Lordstown Motors Corp., Emerges from Chapter 11 with the New Ticker Symbol "NRDE" on the OTC Pink Market
NEW YORK , March 14, 2024 /PRNewswire/ -- Nu Ride Inc., formerly known as Lordstown Motors Corp (" Nu Ride " or the " Company ") announced today that it has successfully emerged from bankruptcy pursuant to its confirmed plan...
Electric-Truck Maker Settles With SEC Over SPAC Deal that Misled Investors
Lordstown Motors hyped up commercial fleet orders it didn't have, the SEC said.
Lordstown Motors charged with misleading investors about the sales potential of its EV pickup
The Securities and Exchange Commission has charged bankrupt Lordstown Motors with misleading investors about the sales prospects of its Endurance electric pickup truck. Lordstown has agreed to pay $25.5 million as a result — money that the SEC says will...
SEC Charges Lordstown Motors with Misleading Investors about Company's Flagship Electric Vehicle
Company's former auditor charged with violating auditor independence standards Washington, D.C.--(Newsfile Corp. - February 29, 2024) - The Securities and Exchange Commission today charged Lordstown Motors Corp. with misleading investors about the sales prospects of Lordstown's flagship electric pickup truck,...
US SEC charges Lordstown Motors with misleading investors about flagship EV
The U.S. Securities and Exchange Commission said on Thursday it charged Lordstown Motors Corp with misleading investors about the sales prospects of its flagship electric pickup truck, the Endurance.
Lordstown Motors founder launches new EV startup with trucks we've seen before
The ousted founder of bankrupt EV startup Lordstown Motors has launched a new company called LandX Motors, that prominently displays the same electric pickup truck he once promised would beat Tesla, Ford and General Motors to market.
Lordstown Motors ex-CEO approved to buy company assets for $10 mln
Electric vehicle company Lordstown Motors received U.S. bankruptcy court approval Wednesday to sell its manufacturing assets to a new company affiliated with its founder and former CEO Stephen Burns for $10.2 million.
Source: https://incomestatements.info
Category: Stock Reports