Lordstown Motors Corp. (RIDE) [Rocket]

Overview

Lordstown Motors Corp. (RIDE)

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Recent News + Filings (All items)

Date Filed	Type	Description
09/29/2023	8-K	Entry into a Material Definitive Agreement, Financial Statements and Exhibits  Interactive Data
08/15/2023	8-K	Other Events, Financial Statements and Exhibits  Interactive Data
08/14/2023	10-Q	Quarterly Report for the period ended June 30, 2023
07/31/2023	8-K	Quarterly results
07/27/2023	25-NSE	Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities:
07/03/2023	8-K	Regulation FD Disclosure, Financial Statements and Exhibits  Interactive Data
06/29/2023	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing  Interact...

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
Revenues	0.2	0.0	0.0	0.0
Cost of goods sold	30.0	0.0	0.0	0.0
Gross profit	-29.8	0.0	0.0	0.0
Gross margin	-15375.8%
Sales and marketing	138.3	105.4	31.3
Research and development	107.8	284.0	71.0
General and administrative				0.6
EBITA	-175.0	-389.4	-102.3	-0.6
EBITA margin	-90210.8%
Amortization of intangibles		11.1
EBIT	-175.0	-400.5	-102.3	-0.6
EBIT margin	-90210.8%
Pre-tax income	-282.4	-410.4	-124.1	3.9
Income taxes	0.0	0.0	0.0	0.9
Tax rate	0.0%	0.0%	0.0%	23.2%
Net income	-282.7	-410.4	-124.1	3.0
Net margin	-145703.6%

Diluted EPS	($1.35)	($2.27)	($1.28)
Shares outstanding (diluted)	208.7	180.7	96.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.