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.
獅子電氣公司（紐約證券交易所代碼：LEV）報告稱，2024年第一季度收入同比增長1.4％，至5,548萬美元，未達到6,916萬美元的共識。
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.
收入的增長主要是由於美國汽車銷售比例的增加，從而增強了產品組合，但本季度銷量從220輛下降至196輛被部分抵消。
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.
總虧損爲1,110萬美元，反映了由於推出新產品而導致的製造成本增加，而去年同期的總虧損爲2.3美元。
Adjusted EBITDA loss was $(17.3) million compared to $(14.5) million loss a year ago.
調整後的息稅折舊攤銷前利潤虧損爲1,730萬美元，而去年同期的虧損爲1,450萬美元。
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).
該公司報告稱，本季度淨虧損爲2,170萬美元，而去年同期淨虧損爲1,560萬美元。GAAP每股收益虧損爲0.10美元，未達到共識的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).
該公司表示，有超過2,000輛汽車在路上，行駛里程超過2500萬英里（超過4000萬公里）。
Cash flows used in operating activities totaled $(43.70) million versus $(37.60) million a year ago.
用於經營活動的現金流總額爲4,370萬美元，而去年同期爲3,760萬美元。
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，該公司的車輛訂單爲2,004輛全電動中型和重型城市車輛，包括211輛卡車和1793輛公共汽車，根據管理層的估計，總訂單額約爲4.75億美元。
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個充電站和相關服務的訂單總額約爲800萬美元。LEV 在美國和加拿大擁有 12 個體驗中心。
"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.
“儘管第一季度充滿挑戰，電動汽車行業動盪不安，但我們對長期增長的承諾仍然堅定不移。這促使我們做出了艱難的決定，以精簡員工隊伍並實施節省成本的措施。儘管困難重重，但面對市場波動，這一舉措對於增強我們的流動性，在不影響生產能力的情況下確保可持續性至關重要。” Lion首席執行官兼創始人馬克·貝達德評論道。
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的現金餘額爲480萬美元（截至2023年12月31日爲2990萬美元）。
Price Action: LEV shares traded lower by 7.86% at $0.9583 at the last check Wednesday.
價格走勢：在週三的最後一次支票中，LEV股價下跌7.86％，至0.9583美元。