Press Release: LION ELECTRIC ANNOUNCES FIRST QUARTER 2024 RESULTS

Dow Jones05-08

Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise.

View original content:https://www.prnewswire.com/news-releases/lion-electric-announces-first-quarter-2024-results-302139026.html

SOURCE The Lion Electric Co.

/CONTACT: MEDIA: Patrick Gervais, Vice President, Trucks & Public Affairs, patrick.gervais@thelionelectric.com, 514-992-1060; INVESTORS: Isabelle Adjahi, Vice President, Investor Relations and Sustainable Development, Isabelle.Adjahi@thelionelectric.com, 450-432-5466, extension 171

(END) Dow Jones Newswires

May 08, 2024 06:30 ET (10:30 GMT)

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Furthermore, forward-looking statements speak only as of the date ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"LEV","symbol_name":"The Lion Electric Company","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2433746213","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433746213","pubTimestamp":1715164200,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MONTREAL, May 8, 2024 /PRNewswire/ - The Lion Electric Company   , a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced its financial and operating results for the first quarter of fiscal year 2024, which ended on March 31, 2024. Lion reports its results in US dollars and in accordance with International Financial Reporting Standards .-- Revenue of $55.5 million, up $0.8 million, as compared to $54.7 million. -- Delivery of 196 vehicles, a decrease of 24 vehicles, as compared to the. of new products, of $11.1 million as compared to a gross loss of $2.3. -- Net loss of $21.7 million, as compared to net loss of $15.6 million in Q1. -- Adjusted EBITDA1 of negative $17.3 million, as compared to negative $14.5. million, as compared to $23.1 million in Q1 2023.net of government assistance received), down $5.2 million as compared to. On April 18, 2024, the Company announced a reduction of its workforce, combined with other cost-cutting measures, includi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LEV":"The Lion Electric Company","BK4149":"建筑机械与重型卡车"},"translate_title":"新闻稿：狮子电气公布2024年第一季度业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LEV":0.9},"content_text":"Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise. \n\n\n   View original content:https://www.prnewswire.com/news-releases/lion-electric-announces-first-quarter-2024-results-302139026.html \n\n\n  SOURCE The Lion Electric Co. \n\n\n    /CONTACT: MEDIA: Patrick Gervais, Vice President, Trucks & Public Affairs, patrick.gervais@thelionelectric.com, 514-992-1060; INVESTORS: Isabelle Adjahi, Vice President, Investor Relations and Sustainable Development, Isabelle.Adjahi@thelionelectric.com, 450-432-5466, extension 171 \n\n\n \n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2024 06:30 ET (10:30 GMT)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"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":"4.24.2","shortVersion":"4.24.2","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/2433746213"}