- Lion Electric press release ( NYSE: LEV ): Q2 GAAP EPS of $0.19 beats by $0.26 .
- Revenue of $29.5M (+76.8% Y/Y) misses by $0.77M .
- Delivery of 105 vehicles, an increase of 44 vehicles, as compared to the 61 delivered in the same period last year.
- Gross loss of $3.5 million, as compared to a gross profit of $0.9 million in Q2 2021.
- Adjusted EBITDA of negative $14.4 million, as compared to negative $5.5 million in Q2 2021, after mainly adjusting for certain non-cash items such as change in fair value of share warrant obligations and share-based compensation.
- Capital expenditures, which included expenditures related to the Joliet Facility and the Lion Campus, amounted to $44.3 million, up $41.0 million, as compared to $3.3 million in Q2 2021.
- Additions to intangible assets, which mainly consist of R&D activities, amounted to $24.6 million, up $13.9 million, as compared to $10.7 million in Q2 2021.
- Establishment of cross-border $125 million "at-the-market" equity program ("ATM Program").
- Shares +4% PM.
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Lion Electric GAAP EPS of $0.19 beats by $0.26, revenue of $29.5M misses by $0.77M