Lion Electric reports US$21.7-million first-quarter loss as company faces higher manufacturing costs

Canadian News Notícia

Lion Electric reports US$21.7-million first-quarter loss as company faces higher manufacturing costs
Canada News,Breaking News Video,Canadian Breaking News

The maker of all-electric medium and heavy-duty vehicles, which keeps its books in U.S. dollars, says the loss amounted to 10 cents per diluted share for the quarter ended March 31

says it lost US$21.7-million in its latest quarter compared with a loss of US$15.6-million in the same quarter last year as it faced higher manufacturing costs related to the ramp up of new products.

Revenue for the quarter totalled US$55.5-million, up from US$54.7-million in the first quarter of 2023.

 

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Outside London, UK Finance Startups Battle for Scarce FundingOutside London, UK Finance Startups Battle for Scarce FundingCapital still takes lion’s share of venture funding, even after years of ‘levelling up’ policies.
Consulte Mais informação »



Render Time: 2025-01-09 16:31:57