Lotus Technology Inc (LOT) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Margin ... [Yahoo! Finance]
Lotus Technology Inc. (LOT)
Company Research
Source: Yahoo! Finance
and a new high-margin revenue stream from its ADAS technology. However, the company's gross profit margin declined to 3% due to inventory management challenges and macroeconomic uncertainties. Despite this, Lotus Technology is expanding its market presence with new models and technologies, including a 900-volt hyper hybrid EV technology, and has secured a $130 million contract for its intelligent driving business. The company faces challenges in achieving its annual sales target of 12,000 units, but is confident in its ability to drive sales with new product launches and market expansion. Release Date: November 21, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Lotus Technology Inc ( NASDAQ:LOT ) delivered over 7,600 vehicles in the first nine months of 2024, with a significant year-over-year increase in deliveries. The company reported a 36% year-over-year increase in third-quarter sales revenue, reaching $255 million.
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LOT
News
- Lotus Technology Announces Delivery Updates of First Eleven Months of 2024 [Yahoo! Finance]Yahoo! Finance
- Lotus Technology Announces Delivery Updates of First Eleven Months of 2024GlobeNewswire
- Lotus Technology Wins Green Apple Award for Environmental Practices [Yahoo! Finance]Yahoo! Finance
- Lotus Technology Wins Green Apple Award for Environmental PracticesGlobeNewswire
- Lotus Technology Reports Unaudited Third Quarter and First Nine Months 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
LOT
Sec Filings
- 12/9/24 - Form 424B3
- 12/9/24 - Form 424B3
- 12/9/24 - Form 6-K
- LOT's page on the SEC website