In This Article:
Lotus Technology (NASDAQ:LOT) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$225.0m (up 103% from 2Q 2023).
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Net loss: US$201.5m (loss widened by 10% from 2Q 2023).
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US$0.30 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lotus Technology Earnings Insights
Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US.
Performance of the American Auto industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Lotus Technology is showing 2 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.