Lightning eMotors (ZEV) Q4 Revenue Misses Consensus, Offers Guidance

Lightning eMotors (NYSE: ZEV) reported Q4 EPS of $0.28, may not compare to the analyst estimate of ($0.19). Revenue for the quarter came in at $4.22 million versus the consensus estimate of $5.25 million.

GUIDANCE:

Lightning eMotors sees Q1 2022 revenue of $5-6 million, versus the consensus of $10.4 million.

• First quarter revenue to be in the range of $5.0 million to $6.0 million. Approximately $7 million of potential Q1 revenue has been pushed into future quarters due to supply constraints, principally chassis.
• First quarter vehicle and powertrain sales to be in the range of 65 units to 75 units
• First quarter adjusted EBITDA to be in the range of -$15 million to -$17 million
• Quarterly revenue to grow sequentially throughout 2022 as supply chain issues are managed and incremental revenue is realized from non-chassis-dependent products such as repowers and Lightning Energy

For earnings history and earnings-related data on Lightning eMotors (ZEV) click here.

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