RIDE - Lordstown Motors GAAP EPS of -$0.42 beats by $0.30

Lordstown Motors press release (NASDAQ:RIDE): Q4 GAAP EPS of -$0.42 beats by $0.30. Ended 2021 with a cash balance of $244 million, $79 million above the midpoint of the previously issued outlook on disciplined spending, favorable working capital, additional equity issuances and a deferral of certain investments into 2022 Outlook: Reaffirm third quarter 2022 target for commercial production and sales of the Endurance Expect commercial production and sales of the Endurance of approximately 500 units in 2022 growing to as many as 2,500 units in 2023 Anticipate investments in hard tooling and other actions to drive significant reduction in the Endurance bill of materials into 2023 and beyond

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Lordstown Motors GAAP EPS of -$0.42 beats by $0.30