See more : Laboratorio Reig Jofre, S.A. (RJF.MC) 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 |
Foxconn and Lordstown Motors Enter Into a Transformative, Strategic Partnership
LORDSTOWN, Ohio and TAIPEI, Taiwan, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (“Lordstown Motors” or “LMC”) (Nasdaq: RIDE), a provider of electric light-duty trucks focused on the commercial fleet market, and Hon Hai Technology Group (“Foxconn”) (TWSE: 2317),...
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Wall Street is hoping for a rebound after another drop on Monday.
Why Selling Its Only Factory to Foxconn Could Be a Lifeline for Lordstown Motors
The possible alliance is a spark of hope for Lordstown, though the situation is still risky.
Foxconn, Lordstown Motors to pursue U.S. loan for EV factory
Global technology firm Foxconn and startup Lordstown Motors Corp said Friday they plan to pursue a U.S. Energy Department loan from a program to help pay for the costs of retooling a factory to build electric trucks.
Foxconn Nears Purchase of Ohio Factory From EV Startup Lordstown Motors
Can Silicon Valley resuscitate the Rust Belt? Just two years after acquiring a shuttering GM factory in Ohio, struggling electric-vehicle start-up.
Taiwanese Manufacturer Foxconn Will Take Over Struggling Lordstown Motors' Ohio Truck Factory
Foxconn will manufacture Lordstown Motors' electric pickup trucks at the eastern Ohio plant under contract, and will also use the facility to make electric cars for Fisker.
Should you buy Lordstown Motors shares as its sells a factory to Foxconn?
On Thursday, Lordstown Motors Corp (NASDAQ:RIDE) surged 10% amid reports the company has agreed on a deal to sell its Ohio plant. Sources familiar with the matter told Bloomberg the company has sealed a deal with Foxconn Technology Co. Ltd...
Lordstown stock rallies after report EV maker is poised to sell factory to Foxconn
Lordstown Motors Corp. stock jumped on Thursday after a news report said the electric pickup-truck maker is in talks with Taiwan's Foxconn Technology Group to sell its factory.
Source: https://incomestatements.info
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