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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 31M | 1.2% |
| Gross Profit | -16M | 1.8% |
| Cost of Revenue | 47M | 1.4% |
| Operating expense | 14M | 3.4% |
| Net Income | -34M | 76.2% |
| EBITDA | -12M | 635.7% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 780M | 1.1% |
| Total Liabilities | 500M | 8.5% |
| Total Equity | 280M | 9.9% |
| Shares Outstanding | 226M | 0% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 21M | 334.7% |
| Cash from financing | 5.6M | 68.4% |
EPS
Financial Highlights for Lion Electric in Q3 '24
Lion Electric reported a revenue of 31M, which is a 1.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -16M, marking a -1.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 47M, a 1.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 14M, showing a -3.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -34M, showing a -76.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -12M, showing a -635.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Lion Electric faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
