See more : Zuken Elmic, Inc. (4770.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 |
Shares of EV start-up Lordstown Motors surge on reported deal with Foxconn to sell Ohio plant
Lordstown's stock was up Thursday by as much as 21% following reports it's near a deal to sell its large Ohio factory to iPhone maker Foxconn.
Lordstown Motors Stock Surges as Firm Nears Factory Sale
The shares of Lordstown Motors Corp (NASDAQ:RIDE) are up 6.9% at $7.36 this morning, following news that the electric vehicle (EV) company is nearing a deal to sell its Ohio-based car factory to Taiwan's Foxconn Technology, according to those familiar...
Lordstown Motors in talks to sell Ohio plant to Foxconn -Bloomberg
Electric vehicle startup Lordstown Motors Corp is in talks to sell the northeast Ohio assembly plant it acquired from General Motors Co to Taiwan contract manufacturer Foxconn, Bloomberg reported on Thursday.
Lordstown Motors reportedly in talks to sell Ohio factory to Foxconn
Startup automaker Lordstown Motors is reportedly in talks with Foxconn about the sale of its Ohio factory. The two companies would build products at the former General Motors plant.
Monday Afternoon Analyst Upgrades and Downgrades: Amazon, Best Buy, Lordstown Motors, Nike and More
The broad markets were largely mixed on Monday, after what was a tumultuous trading week last week.
Lordstown, Fisker stocks get downgraded as B. of A. cites worries about ‘fierce' competition
Analysts at B. of A. Securities kept a positive view on the U.S. car industry, but downgraded the stock of two newcomers, Lordstown Motors Corp. and Fisker Inc., saying that competition among auto makers is “fierce.
Former Icahn Enterprises chief to lead struggling Lordstown Motors
The former chief executive of Icahn Enterprises will take over at Lordstown Motors two months after the former CEO and chief financial officer stepped down amid doubts over the number of orders placed for the electric truck startup's marquee vehicle.
Lordstown Motors stock jumps 20% after it names ex-Icahn Enterprises head as CEO
Shares of Lordstown Motors Corp. rallied more than 20% on Thursday, boosted by news that the electric-vehicle maker has named a former Icahn Enterprises LP head as chief executive.
Lordstown Motors names former Icahn Enterprises CEO Daniel A. Ninivaggi as CEO with immediate effect
Electric vehicle maker Lordstown Motors Corp. RIDE, -4.17% said Thursday it has named Daniel A. Ninivaggi as chief executive with immediate effect.
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Source: https://incomestatements.info
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