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Jun 30, 2021
Nu Ride Q2 2021 Earnings Report
Reported a net loss and provided business outlook.
Key Takeaways
Lordstown Motors reported a net loss of $108.2 million for the second quarter of 2021. The company is on track to begin limited production in late September and expects capital expenditures between $375 and $400 million for the year.
Reported second quarter 2021 net loss of $108 million.
Capex of $121 million and cash of $366 million on June 30, 2021.
Beginning limited vehicle production in late September.
Lordstown plant is production ready with retooling of stamping, assembly, body, and paint shops completed.
Forward Guidance
Lordstown Motors provided financial outlook for 2021, expecting limited Endurance production, capital expenditures between $375 and $400 million, and operating expenses between $95 and $105 million in SG&A and $310 and $320 million in R&D.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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