Lordstown Motors (RIDE) Tops Q3 EPS by 5c, Offers Guidance

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Go back to Lordstown Motors (RIDE) Tops Q3 EPS by 5c, Offers Guidance

Lordstown Motors Reports Third Quarter 2021 Financial Results

November 11, 2021 4:09 PM EST

LORDSTOWN, Ohio, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors or LMC), a provider of electric light duty trucks focused on the commercial fleet market, today released its third quarter 2021 financial results, and provided a business and financial outlook update.

Third Quarter and Recent Key Business Highlights

Reported third quarter 2021 net loss of $95.8 million, capex of $79.9 million and cash of $233.8 million on September 30, 2021.Executed an asset purchase agreement with an affiliate of Hon Hai Precision Industry (Foxconn) that will culminate in the... More