In This Article:
Lion Electric (TSE:LEV) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$30.3m (down 48% from 2Q 2023).
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Net loss: US$19.3m (loss widened by 63% from 2Q 2023).
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US$0.09 loss per share (further deteriorated from US$0.053 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lion Electric EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 52%. Earnings per share (EPS) exceeded analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 53% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Machinery industry in Canada.
Performance of the Canadian Machinery industry.
The company's shares are down 20% from a week ago.
Risk Analysis
Be aware that Lion Electric is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...
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