Lion Electric's Q1 Performance Disappoints, CEO On Streamlining Strategies To Ensure Long-Term Success
Lion Electric's Q1 Performance Disappoints, CEO On Streamlining Strategies To Ensure Long-Term Success
The Lion Electric Company (NYSE:LEV) reported first-quarter 2024 revenue growth of 1.4% year-over-year to $55.48 million, missing the consensus of $69.16 million.
狮子电气公司（纽约证券交易所代码：LEV）报告称，2024年第一季度收入同比增长1.4％，至5,548万美元，未达到6,916万美元的共识。
The revenue increase was mainly due to a higher proportion of U.S. vehicle sales, enhancing the product mix, though partially offset by a drop in sales volume from 220 to 196 units over the quarter.
收入的增长主要是由于美国汽车销售比例的增加，从而增强了产品组合，但本季度销量从220辆下降至196辆被部分抵消。
Gross loss was $(11.1) million, reflecting higher manufacturing costs due to the introduction of a new product, versus a gross loss of $(2.3) a year ago.
总亏损为1,110万美元，反映了由于推出新产品而导致的制造成本增加，而去年同期的总亏损为2.3美元。
Adjusted EBITDA loss was $(17.3) million compared to $(14.5) million loss a year ago.
调整后的息税折旧摊销前利润亏损为1,730万美元，而去年同期的亏损为1,450万美元。
The company reported a wider net loss of $(21.7) million in the quarter, compared to $(15.6) million prior year. GAAP EPS loss came in at $(0.10), missing the consensus of $(0.08).
该公司报告称，本季度净亏损为2,170万美元，而去年同期净亏损为1,560万美元。GAAP每股收益亏损为0.10美元，未达到共识的0.08美元。
The company says over 2,000 vehicles are on the road, with over 25 million miles driven (over 40 million kilometers).
该公司表示，有超过2,000辆汽车在路上，行驶里程超过2500万英里（超过4000万公里）。
Cash flows used in operating activities totaled $(43.70) million versus $(37.60) million a year ago.
用于经营活动的现金流总额为4,370万美元，而去年同期为3,760万美元。
The company had a vehicle order book of 2,004 all-electric medium- and heavy-duty urban vehicles as of May 7, consisting of 211 trucks and 1,793 buses, representing a combined total order value of ~$475 million based on management's estimates.
截至5月7日，该公司的车辆订单为2,004辆全电动中型和重型城市车辆，包括211辆卡车和1793辆公共汽车，根据管理层的估计，总订单额约为4.75亿美元。
LionEnergy order book of 350 charging stations and related services represents a total order value of ~$8 million. LEV has 12 experience centers across the U.S. and Canada.
LionEnergy的350个充电站和相关服务的订单总额约为800万美元。LEV 在美国和加拿大拥有 12 个体验中心。
"Despite a challenging first quarter marked by turbulence in the electric vehicle sector, our commitment to long-term growth remains unwavering. This drove us to make the tough decision to streamline our workforce and implement cost-saving measures. While difficult, this move was essential to fortify our liquidity in the face of market volatility, ensuring sustainability without compromising production capacity," commented Marc Bedard, CEO-Founder of Lion.
“尽管第一季度充满挑战，电动汽车行业动荡不安，但我们对长期增长的承诺仍然坚定不移。这促使我们做出了艰难的决定，以精简员工队伍并实施节省成本的措施。尽管困难重重，但面对市场波动，这一举措对于增强我们的流动性，在不影响生产能力的情况下确保可持续性至关重要。” Lion首席执行官兼创始人马克·贝达德评论道。
As of March-end, Lion had a cash balance of $4.8 million ($29.9 million as at December 31, 2023).
截至3月底，Lion的现金余额为480万美元（截至2023年12月31日为2990万美元）。
Price Action: LEV shares traded lower by 7.86% at $0.9583 at the last check Wednesday.
价格走势：在周三的最后一次支票中，LEV股价下跌7.86％，至0.9583美元。