LION ELECTRIC ANNOUNCES THIRD QUARTER 2024 RESULTS
The Lion Electric Company Common Shares (LEV)
Company Research
Source: PR Newswire
MONTREAL, Nov. 6, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced its financial and operating results for the third quarter of fiscal year 2024, which ended on September 30, 2024. Lion reports its results in US dollars and in accordance with International Financial Reporting Standards ("IFRS").Q3 2024 FINANCIAL HIGHLIGHTS Revenue of $30.6 million, down $49.7 million, as compared to $80.3 million in Q3 2023.Delivery of 89 vehicles, a decrease of 156 vehicles, as compared to the 245 delivered in Q3 2023.Gross loss of $16.0 million, as compared to gross profit of $5.4 million in Q3 2023.Net loss of $33.9 million, as compared to net loss of $19.9 million in Q3 2023.Adjusted EBITDA1 of negative $19.5 million, as compared to negative $3.9 million in Q3 2023.Additions to property, plant and equipment of $0.4 million, down $15.8 million, as compared to $
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News
- NYSE to Commence Delisting Proceedings with Respect to the Warrants of Lion Electric (LEV.WS) [Yahoo! Finance]Yahoo! Finance
- NYSE to Commence Delisting Proceedings with Respect to the Warrants of Lion Electric (LEV.WS)PR Newswire
- Bus maker Lion Electric mulls sale of company amid cash woes [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- LION ELECTRIC ANNOUNCES FURTHER AMENDMENTS TO CERTAIN SENIOR CREDIT INSTRUMENTS [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- LION ELECTRIC ANNOUNCES FURTHER AMENDMENTS TO CERTAIN SENIOR CREDIT INSTRUMENTS [Yahoo! Finance]Yahoo! Finance
LEV
Sec Filings
- 11/20/24 - Form 6-K
- 11/18/24 - Form 6-K
- 11/6/24 - Form 6-K
- LEV's page on the SEC website