Lordstown Motors Corp. - Ordinary Shares - Class A

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Products, Other Pre-Announcement

Lordstown Motors Reports First Quarter 2021 Financial Results

Published: 05/24/2021 20:23 GMT
Lordstown Motors Corp. - Ordinary Shares - Class A (RIDE) - Lordstown Motors Reports First Quarter 2021 Financial Results.
Lordstown Motors Corp - Timeline to Start of Production (sop) in Late-september 2021, Which Will Be at Limited Capacity, Remains on Track.
Lordstown Motors Corp - Reported Q1 2021 Net Loss of $125 Million, Capex of $53 Million and Cash of $587 Million on March 31, 2021.
Lordstown Motors Corp - Expected Endurance Production in 2021 Will Be Limited and Would at Best Be 50% of Prior Expectations.
Lordstown Motors Corp - Have Completed Construction of 48 Out of 57 Prototypes and Will Begin Pre-production Vehicle (ppv) Builds in July.
Lordstown Motors Corp - Revising Upward 2021 Expectations for Operating Expenses by $115 Million at Midpoint of Guidance.
Lordstown Motors Corp - Expected 2021 Capital Expenditures of Between $250 and $275 Million.
Lordstown Motors Corp - Qtrly Loss per Share $0.72.
Lordstown Motors - 2021 Expected Operating Expenses of Between $55 and $60 Million in S&a Costs & Between $280 & $290 Million in Research and Development Costs.
Lordstown Motors Corp - We Do Need Additional Capital to Execute on Plans.
Lordstown Motors Corp - Believe We Have Several Opportunities to Raise Capital in Various Forms and Have Begun Those Discussions.
Lordstown Motors Corp - Expected Year-end 2021 Liquidity of Between $50 and 75 Million in Cash and Cash Equivalents.