RIDE - Earnings announcements

LORDSTOWN, Ohio, March 06, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), an original equipment manufacturer ("OEM") of electric light duty vehicles focused on the commercial fleet market, today released its fourth quarter and fiscal year 2022 financial results and provided a business update. Fourth Quarter and Recent Business Highlights Foxconn Investment of up to $170 million, subject to certain conditions; initial $52 million fundedProgressed pre-development work on the new program in collaboration with Foxconn EV EcosystemStart of commercial sales of the EnduranceTM, an electric full-size pickup truckSupplier quality and performance issues have limited production and

LORDSTOWN, Ohio, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors," "LMC" or the "Company"), an original equipment manufacturer (OEM) of electric vehicles focused on the commercial fleet market, today announced that it will release its fiscal year 2022 financial results before market open on Monday, March 6, 2023. The Company will then host a conference call at 8:30 a.m. Eastern Time. Lordstown Motors Corp. also announced today that it has experienced performance and quality issues with certain Endurance components that have led the company to temporarily stop production and customer deliveries since our last production update in January. The te

LORDSTOWN, Ohio, Oct. 14, 2022 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors"), an original equipment manufacturer (OEM) of electric vehicles focused on the commercial fleet market, today announced that it will release its third quarter 2022 financial results before market open on Tuesday, November 8, 2022. The company will then host a conference call at 8:30 a.m. Eastern Time. The call can be accessed via a live webcast accessible on the Events page of Lordstown Motors' Investor Relations website at https://investor.lordstownmotors.com/. An archive

LORDSTOWN, Ohio, Aug. 4, 2022 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors" or "LMC"), an original equipment manufacturer ("OEM") of electric light duty vehicles focused on the commercial fleet market, today released its second quarter 2022 financial results and provided a business update. Second Quarter and Recent Business Highlights Ending cash balance of $236 million is above internal expectations and extends our runway, due in part to disciplined expense controls and rigorous program managementClosed Asset Purchase Agreement with Foxconn ("APA")

LORDSTOWN, Ohio, July 21, 2022 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors"), an original equipment manufacturer (OEM) of electric vehicles focused on the commercial fleet market, today announced that it will release its second quarter 2022 financial results before market open on Thursday, August 4, 2022. The company will then host a conference call at 8:30 a.m. Eastern Time. The call can be accessed via a live webcast accessible on the Events page of Lordstown Motors' Investor Relations website at https://investor.lordstownmotors.com/. An archive

LORDSTOWN, Ohio, May 9, 2022 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors" or "LMC"), an original equipment manufacturer (OEM) of electric light duty trucks focused on the commercial fleet market, today released its first quarter 2022 financial results and provided a business update. First Quarter and Recent Key Business Highlights Ending cash balance of $204 million; in excess of $300 million pro forma for Foxconn transactionTotal operating expenses of $87.9 million 3.8% higher than 4Q21, but down 11.5%, 20.4% and 17.3% versus 3Q21, 2Q21 and 1Q21,

LORDSTOWN, Ohio, April 29, 2022 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE) ("Lordstown Motors"), a developer of electric light-duty trucks focused on the commercial fleet market, today announced that it will release its first quarter financial results before market open on May 9, 2022. The company will then host a conference call at 8:30 a.m. Eastern Time. The call can be accessed via a live webcast accessible on the Events page of Lordstown Motors' Investor Relations website at https://investor.lordstownmotors.com/.  An archive of the webcast will be available short

LORDSTOWN, Ohio, Feb. 28, 2022 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors" or "LMC"), a provider of electric light duty trucks focused on the commercial fleet market, today released its fourth quarter and fiscal year 2021 financial results and provided a business update. Fourth Quarter and Recent Key Business Highlights 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 investmen

LORDSTOWN, Ohio, Feb. 15, 2022 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors"), a developer of electric light-duty trucks focused on the commercial fleet market, today announced that it will release its fourth quarter and full year 2021 financial results before market open on February 28, 2022. The company will then host a conference call at 8:30 a.m. Eastern Time. The call can be accessed via a live webcast accessible on the Events page of Lordstown Motors' Investor Relations website at https://investor.lordstownmotors.com/. An archive of the webca

LORDSTOWN, Ohio, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors" or "LMC"), a provider of electric light duty trucks focused on the commercial fleet market, today released its third quarter 2021 financial results, and provided a business and financial outlook update. Third Quarter and Recent Key Business Highlights Reported third quarter 2021 net loss of $95.8 million, capex of $79.9 million and cash of $233.8 million on September 30, 2021.Executed an asset purchase agreement with an affiliate of Hon Hai Precision Industry ("Foxconn") that will culminate in the transfer of the Lordstown plant to Foxconn, and a plan to establish a contract manuf

LORDSTOWN, Ohio, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors"), a leader in electric light duty trucks focused on the commercial fleet market, today announced that it will release its third quarter 2021 financial results after market close on November 11, 2021. The company will then host a conference call at 4:30 p.m. Eastern Time. The call can be accessed via a live webcast accessible on the Events page of Lordstown Motors' Investor Relations website at https://investor.lordstownmotors.com/. An archive of the webcast will be available shortly after the call. About Lordstown Motors Corp.Lordstown Motors is an Ohio-based electric vehicle (EV)

LORDSTOWN, Ohio, Aug. 11, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors"), a leader in electric light duty trucks focused on the commercial fleet market, today released its second quarter 2021 financial results and provided a business outlook. Key Business Highlights Reported second quarter 2021 net loss of $108 million, capex of $121 million and cash of $366 million on June 30, 2021.Beginning limited vehicle production in late September.Lordstown plant is production ready with retooling of stamping, assembly, body, and paint shops completed.Battery line is fully commissioned and first electric hub motor line has been site commissioned and is currently

CINCINNATI, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company") an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today reported financial results for the second quarter ended June 30, 2021. Release Updates and Highlights Appointed Richard F. "Rick" Dauch as Chief Executive Officer and board member.Produced 133 C-Series vehicles year to date, which included 14 deliveries in the second quarter. The Company anticipates the remainder to be sold or leased to niche markets in the next twelve months.Entered into a strategic development agre

LORDSTOWN, Ohio, July 28, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors"), a leader in electric light duty trucks focused on the commercial fleet market, today announced that it will release its second quarter 2021 financial results after market close on August 11, 2021. The company will then host a conference call at 4:30 p.m. Eastern Time. The call can be accessed via a live webcast accessible on the Events page of Lordstown Motors' Investor Relations website at https://investor.lordstownmotors.com/. An archive of the webcast will be available shortly after the call. About Lordstown Motors Corp.Lordstown Motors is an Ohio-based original equipment man