News Formal

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

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 6 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 170%
  • Publisher: 92%

Canadian News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Outside London, UK Finance Startups Battle for Scarce FundingCapital still takes lion’s share of venture funding, even after years of ‘levelling up’ policies.
Source: BNNBloomberg - 🏆 83. / 50 Read more »