In This Article:
Lion Electric (TSE:LEV) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$30.6m (down 62% from 3Q 2023).
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Net loss: US$33.9m (loss widened by 71% from 3Q 2023).
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US$0.15 loss per share (further deteriorated from US$0.088 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lion Electric Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 31%.
Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Machinery industry in Canada.
Performance of the Canadian Machinery industry.
The company's shares are down 30% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Lion Electric that you should be aware of.
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