UPDATE: Lordstown Motors (RIDE) Misses Q1 EPS by 44c, Offers Outlook, To Seek Additional Capital

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Go back to UPDATE: Lordstown Motors (RIDE) Misses Q1 EPS by 44c, Offers Outlook, To Seek Additional Capital

Lordstown Motors Reports First Quarter 2021 Financial Results

May 24, 2021 4:01 PM EDT

LORDSTOWN, Ohio, May 24, 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 first quarter 2021 financial results and provided a business outlook.

Key Business Highlights

Reported first quarter 2021 net loss of $125 million, capex of $53 million and cash of $587 million on March 31, 2021.Timeline to Start of Production (SoP) in late-September 2021, which will be at limited capacity, remains on... More