Loading...
•
Mar 31
Lotus Technology Q1 2025 Earnings Report
Lotus Technology reported a decline in revenue and net loss for Q1 2025, but improved margins and reduced operating expenses showed signs of recovery.
Key Takeaways
Lotus Technology delivered 1,274 vehicles generating $93 million in revenue. Despite a net loss of $183 million, the company significantly reduced its operating loss and improved gross margin to 12%.
Delivered 1,274 vehicles during the quarter across Europe, North America, and China.
Gross margin improved to 12% as prior destocking impacts eased.
Operating loss reduced by more than 50% year-on-year to $103 million.
Upgraded models of Eletre and Emeya began customer deliveries in China in Q2.
Lotus Technology
Lotus Technology
Forward Guidance
Lotus Technology expects margin recovery to continue and sees growing momentum from upgraded models and international expansion.
Positive Outlook
- Customer deliveries of upgraded Eletre and Emeya models commenced in China and set to expand to Europe.
- 12% gross margin shows early signs of operational recovery.
- Continued reduction in operating expenses for six consecutive quarters.
- Introduction of 2026 Emira V6 SE, Emira Turbo, and limited edition variants.
- Partnership to launch FIA-recognized GT racing series in China and Malaysia.
Challenges Ahead
- Revenue dropped significantly from the same period last year.
- Overall vehicle deliveries declined 42% YoY.
- Net loss remains high at $183 million.
- Gross profit dropped 63% YoY despite margin improvement.
- High liabilities continued to exceed total assets, maintaining shareholder deficit.