LEV - Truck/Bus Manufacturer Lion Electric Reports Disappointing Q4 Earnings Stock Tumbles | Benzinga
Thursday, The Lion Electric Company (NYSE:LEV) reported fourth-quarter 203 revenue of $60.4 million, up from $46.8 million a year ago, sharply below the consensus of $89.99 million.
The increase in revenue was primarily due to an increase in vehicle sales volume of 14 units, from 174 units (139 school buses and 35 trucks; 160 vehicles in Canada and 14 vehicles in the U.S.) to 188 units (178 school buses and 10 trucks; 107 vehicles in Canada and 81 vehicles in the U.S.)
The number of vehicles delivered was 852 vehicles in the fiscal year 2023, up from 519 a year ...