Lordstown Motors (RIDE) Reports Q4 Loss of $0.23/share, Offers Guidance
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Lordstown Motors Reports Fourth Quarter and Full Year 2020 Financial Results
March 17, 2021 4:01 PM EDTLORDSTOWN, Ohio, March 17, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors), a leader in electric light duty trucks focused on the commercial fleet market, today released its fourth quarter and full year 2020 financial results and provided a business outlook.
Key Business Highlights
Reported full year 2020 net loss of $101 million and cash of $630 million at year-end 2020; warrant exercise in January 2021 resulted in an additional $82 million of cash.Timeline to Start of Production (SoP) in September 2021 remains on track,... More