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Lordstown Motors Corp

$1.65

Earnings Summary

Revenue
$0Mn
Net Profits
$-108.2Mn
Net Profit Margins
-Inf%

Highlights

Revenue:

Lordstown Motors Corp’s revenue jumped NaN% since last year same period to $0Mn in the Q2 2021. On a quarterly growth basis, Lordstown Motors Corp has generated NaN% jump in its revenue since last 3-months.

Net Profits:

Lordstown Motors Corp’s net profit fell -1259.64% since last year same period to $-108.2Mn in the Q2 2021. On a quarterly growth basis, Lordstown Motors Corp has generated -182.98% fall in its net profits since last 3-months.

Net Profit Margins:

Lordstown Motors Corp’s net profit margin jumped NaN% since last year same period to -Inf% in the Q2 2021. On a quarterly growth basis, Lordstown Motors Corp has generated NaN% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Lordstown Motors Corp post its latest quarter earnings

EPS Estimate Current Quarter
-0.39
EPS Estimate Current Year
-0.39

Highlights

EPS Estimate Current Quarter:

Lordstown Motors Corp’s earning per share (EPS) estimates for the current quarter stand at -0.39 - a -12.53% fall from last quarter’s estimates.

EPS Estimate Current Year:

Lordstown Motors Corp’s earning per share (EPS) estimates for the current year stand at -0.39.

Key Ratios

Key ratios of the Lordstown Motors Corp post its Q2 2022 earnings

Earning Per Share (EPS)
0.32
Return on Assets (ROA)
-0.33
Return on Equity (ROE)
-0.55

Highlights

Earning Per Share (EPS):

Lordstown Motors Corp’s earning per share (EPS) jumped 152.46% since last year same period to 0.32 in the Q2 2022. This indicates that the Lordstown Motors Corp has generated 152.46% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Lordstown Motors Corp’s return on assets (ROA) stands at -0.33.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Lordstown Motors Corp’s return on equity (ROE) stands at -0.55.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-08-04
-0.44
0.32
173.06%
2022-05-09
-0.45
-0.46
-2.36%

Company Information

Lordstown Motors Corp. is an Ohio-based original equipment manufacturer of light duty fleet vehicles, founded by CEO Steve Burns with the purpose of transforming Ohio's Mahoning Valley and Lordstown, Ohio, into the epicenter of electric-vehicle manufacturing. The company owns the 785 acre, 6.2 million square foot Lordstown Assembly Plant where it plans to build the Lordstown Endurance, believed to be the world's first full-size,all-electric pickup truck designed to serve the commercial fleet market.

Organisation
Lordstown Motors Corp
Headquarters
2300 Hallock Young Road, Lordstown, OH, United States, 44481
Employees
632
Industry
Finance

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