Romeo Power Announces First Quarter 2021 Financial Results
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Romeo Power, Inc. (RMO) Tops Q1 EPS by 76c, Revenues Miss
May 13, 2021 4:23 PM EDTRomeo Power, Inc. (NYSE: RMO) reported Q1 EPS of $0.66, $0.76 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $1.05 million versus the consensus estimate of $7.5 million.
First Quarter Financial Update
Generated revenues of $1.1 million for the first quarter of 2021Cash, cash equivalents and investments decreased by $4.9 million from December 31, 2020Cash, cash equivalents and investments as of March 31, 2021 of $287.5 millionManagement Commentary
Demand for vehicle electrification continues to grow. As we look at the sheer size of the opportunity, we are focusing on meeting this accelerating... More
