Lordstown Loss Widens but Production Begins Slowly on Pickup Truck

MarketWatch2022-11-08

Lordstown Motors Corp.said Tuesday its third-quarter loss widened to $154.43 million, or 73 cents a share, from $95.81 million, or 54 cents a share, in the year-ago quarter. Adjusted loss in the latest quarter totaled $33.8 million.

The electric vehicle maker did not report any sales. Wall Street analysts expected Lordstown Motors to lose 35 cents a share.

The company ended the third quarter with $204 million in cash and short-term investments, which is $32 million lower than the end of the second quarter.

Lordstown Motors said about 30 commercial units of the first batch of the company's 500 Endurance BEV pickup trucks are estimated to be built by the end of 2022, with the remainder built in the first half of 2023.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1185460572?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-11-08 19:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1185460572","market":"us","top_or_hot":-1,"title":"Lordstown Loss Widens but Production Begins Slowly on Pickup Truck","media":"MarketWatch","content":"<html><head></head><body><p>Lordstown Motors Corp.said Tuesday its third-quarter loss widened to $154.43 million, or 73 cents a share, from $95.81 million, or 54 cents a share, in the year-ago quarter. Adjusted loss in the latest quarter totaled $33.8 million. </p><p>The electric vehicle maker did not report any sales. Wall Street analysts expected Lordstown Motors to lose 35 cents a share.</p><p>The company ended the third quarter with $204 million in cash and short-term investments, which is $32 million lower than the end of the second quarter. </p><p>Lordstown Motors said about 30 commercial units of the first batch of the company&#39;s 500 Endurance BEV pickup trucks are estimated to be built by the end of 2022, with the remainder built in the first half of 2023.</p></body></html>","source":"lsy1603348471595","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lordstown Loss Widens but Production Begins Slowly on Pickup Truck</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLordstown Loss Widens but Production Begins Slowly on Pickup Truck\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-08 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/lordstown-loss-widens-but-production-begins-slowly-on-pickup-truck-2022-11-08><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lordstown Motors Corp.said Tuesday its third-quarter loss widened to $154.43 million, or 73 cents a share, from $95.81 million, or 54 cents a share, in the year-ago quarter. Adjusted loss in the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/lordstown-loss-widens-but-production-begins-slowly-on-pickup-truck-2022-11-08\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.marketwatch.com/story/lordstown-loss-widens-but-production-begins-slowly-on-pickup-truck-2022-11-08","article_id":"1185460572","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185460572","pubTimestamp":1667908103,"columns":[],"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Lordstown Motors Corp.said Tuesday its third-quarter loss widened to $154.43 million, or 73 cents a ","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"洛兹敦损失扩大，但皮卡生产开始缓慢","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIDE":0.9},"content_text":"Lordstown Motors Corp.said Tuesday its third-quarter loss widened to $154.43 million, or 73 cents a share, from $95.81 million, or 54 cents a share, in the year-ago quarter. Adjusted loss in the latest quarter totaled $33.8 million. The electric vehicle maker did not report any sales. Wall Street analysts expected Lordstown Motors to lose 35 cents a share.The company ended the third quarter with $204 million in cash and short-term investments, which is $32 million lower than the end of the second quarter. Lordstown Motors said about 30 commercial units of the first batch of the company's 500 Endurance BEV pickup trucks are estimated to be built by the end of 2022, with the remainder built in the first half of 2023.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":14,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1185460572","isCrawlerRequest":true}