See more : Big Sky Growth Partners, Inc. (BSKYW) 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 |
Calling all Lordstown Motors Corp. (RIDEQ) Investors: Contact Bronstein, Gewirtz & Grossman, LLC to Actively Participate in the Class Action Lawsuit!
NEW YORK , Aug. 7, 2023 /PRNewswire/ -- 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)...
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...
Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of Lordstown Motors Corp. (RIDE) Investors and Encourages Investors to Contact the Firm Before September 25, 2023
NEW YORK--(BUSINESS WIRE)---- $RIDE #classaction--Kirby McInerney LLP announces that it has filed a class action lawsuit in the United States District Court for the District of Northern Ohio on behalf of persons and entities that purchased or otherwise acquired against...
Shareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against Lordstown Motors Corp's (RIDEQ) CEO and CFO
SAN DIEGO--(BUSINESS WIRE)---- $RIDE #Foxconn--Lordstown Motors (RIDEQ) Failed to Disclose that the Financial Status of the Company was Imperiled by its Strained Relationship with Foxconn.
EV Start-Up Lordstown Went Bankrupt. Why That Sparked a Rally in Nikola, EV Stocks.
Lordstown Motors filed for bankruptcy protection in late June. Somehow that fired up investor interest in shares of other unprofitable, electric-vehicle start-ups.
3 EV Stocks That Could Crash and Burn Like Lordstown Motors
Lordstown Motors' (NASDAQ: RIDE ) troubles reached a boiling point yesterday. The troubled automaker has been watching shares decline for months.
Electric truck maker Lordstown Motors files for bankruptcy, sues Foxconn
Lordstown shares tumbled after it accused Foxconn of fraudulent conduct and a series of broken promises in failing to abide by an agreement to invest up to $170 million.
Electric truck maker Lordstown Motors files for bankruptcy, sues Foxconn
Ohio-based electric pickup truck maker Lordstown Motors filed for Chapter 11 on Tuesday and is taking legal action against Taiwanese manufacturer Foxconn.
Lordstown Motors craters 48% after the company files for bankruptcy and sues Foxconn over failed deal
Shares of Lordstown Motors plunged 48% on Tuesday after the company filed for bankruptcy. The electric truck maker is also suing Foxconn for failing to live up to a deal to invest in the company.
Lordstown Motors files for bankruptcy, sues Foxconn over $170 million funding deal
Lordstown also said it would put itself up for sale amid an ongoing dispute with Taiwan's Foxconn.
Source: https://incomestatements.info
Category: Stock Reports