Lordstown Motors (RIDE) Misses Q2 EPS by 15c
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Lordstown Motors Reports Second Quarter 2021 Financial Results
August 11, 2021 4:01 PM EDTLORDSTOWN, Ohio, Aug. 11, 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 second quarter 2021 financial results and provided a business outlook.
Key Business Highlights
Reported second quarter 2021 net loss of $108 million, capex of $121 million and cash of $366 million on June 30, 2021.Beginning limited vehicle production in late September.Lordstown plant is production ready with retooling of stamping, assembly, body, and paint shops completed.Battery line... More