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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 |
Bankrupt Lordstown Motors proposes zero payment for Foxconn shares
Bankrupt electric vehicle manufacturer Lordstown Motors has proposed to pay nothing for Taiwan's Foxconn's preferred equity shares, saying it will prioritize other shareholders if an ongoing sales effort generates enough cash to repay other debts.
SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Lordstown Motors Corp. of a Class Action Lawsuit and a Lead Plaintiff Deadline of September 25, 2023 - (OTC Other: RIDEQ)
NEW YORK , Aug. 29, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Lordstown Motors Corp.. Shareholders who purchased shares of RIDEQ during the class period listed are encouraged to contact the firm regarding possible...
Lordstown hopeful to find buyer for all or some parts of business - Bloomberg News
Lordstown Motors is formulating a debt repayment plan and is hopeful that it will find buyers in Chapter 11 for all or parts of its business, Bloomberg News reported, citing the electric truck manufacturer's attorney Thomas Lauria.
SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Lordstown Motors Corp. of a Class Action Lawsuit and a Lead Plaintiff Deadline of September 25, 2023 - (OTC Other: RIDEQ)
NEW YORK , Aug. 22, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Lordstown Motors Corp.. Shareholders who purchased shares of RIDEQ during the class period listed are encouraged to contact the firm regarding possible lead...
RIDEQ LAWSUIT: The Law Offices of Vincent Wong Notify Investors of a Class Action Lawsuit Involving Lordstown Motors Corp.
NEW YORK, NY / ACCESSWIRE / August 21, 2023 /The Law Offices of Vincent Wong announce that a class action lawsuit has commenced in the on behalf of investors who purchased Lordstown Motors Corp. ("Lordstown") (OTC PINK:RIDEQ) between August 4,...
RIDEQ LAWSUIT: The Law Offices of Vincent Wong Notify Investors of a Class Action Lawsuit Involving Lordstown Motors Corp.
NEW YORK, NY / ACCESSWIRE / August 18, 2023 / The Law Offices of Vincent Wong announce that a class action lawsuit has commenced in the on behalf of investors who purchased Lordstown Motors Corp. ("Lordstown") (OTCMKT:RIDEQ) between August 4,...
SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Lordstown Motors Corp. of a Class Action Lawsuit and a Lead Plaintiff Deadline of September 25, 2023 - (OTC Other: RIDEQ)
NEW YORK , Aug. 16, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Lordstown Motors Corp.. Shareholders who purchased shares of RIDEQ during the class period listed are encouraged to contact the firm regarding possible...
Bankrupt Lordstown Motors reaches $40 million settlement with Karma Automotive
Lordstown Motors said on Tuesday it had reached a $40-million settlement with Karma Automotive over a 2020 lawsuit in which the now-bankrupt electric vehicle firm was accused of stealing proprietary technology.
SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Lordstown Motors Corp. of a Class Action Lawsuit and a Lead Plaintiff Deadline of September 25, 2023 - (OTC Other: RIDEQ)
NEW YORK , Aug. 9, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Lordstown Motors Corp. Shareholders who purchased shares of RIDEQ during the class period listed are encouraged to contact the firm regarding...
Calling all Lordstown Motors Corp. (RIDEQ) Investors: Contact Bronstein, Gewirtz & Grossman, LLC to Actively Participate in the Class Action Lawsuit!
NEW YORK--(BUSINESS WIRE)---- $RIDEQ #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Lordstown Motors Corp. (“Lordstown” or the “Company”) (OTCMKTS: RIDEQ) and certain of its officers....
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