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LORDSTOWN MOTORS CORP.

(RIDE)
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Lordstown Motors : Announces Timing of Second Quarter 2021 Financial Results and Webcast

07/28/2021 | 07:01am EDT

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 manufacturer of light duty fleet vehicles created with the purpose of transforming Ohio'sMahoning Valley and Lordstown, Ohio into the epicenter of electric-vehicle manufacturing. The company owns the 640 acre, 6.2 million square foot Lordstown Assembly Plant where it plans to build the Lordstown Endurance, believed to be the world's first full-size, all-electric pickup truck designed to serve the commercial fleet market. For additional information visit www.lordstownmotors.com.

Forward Looking Statements
This press release includes forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” “expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: our limited operating history and our significant projected funding needs; risks associated with the conversion and retooling of our facility and ramp up of production; our inability to obtain binding purchase orders from customers and potential customers’ inability to integrate our electric vehicles into their existing fleets; our inability to retain key personnel and to hire additional personnel; competition in the electric pickup truck market; our inability to develop a sales distribution network; and the ability to protect our intellectual property rights. Any forward-looking statements speak only as of the date on which they are made, and Lordstown Motors Corp. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

Contacts:

Investors
Carter Driscoll
lordstownIR@icrinc.com

Media
Ryan Hallett
lordstownmotors@ottoandfriends.com


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Source: Lordstown Motors Corp

2021 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2021 2,68 M - -
Net income 2021 -444 M - -
Net Debt 2021 25,4 M - -
P/E ratio 2021 -2,76x
Yield 2021 -
Capitalization 1 211 M 1 211 M -
EV / Sales 2021 461x
EV / Sales 2022 1,71x
Nbr of Employees 320
Free-Float 63,0%
Chart LORDSTOWN MOTORS CORP.
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Lordstown Motors Corp. Technical Analysis Chart | RIDE | US54405Q1004 | MarketScreener
Technical analysis trends LORDSTOWN MOTORS CORP.
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Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 7
Last Close Price 6,84 $
Average target price 6,00 $
Spread / Average Target -12,3%
EPS Revisions
Managers and Directors
Daniel A. Ninivaggi Chief Executive Officer & Director
Rich Schmidt President
Rebecca A. Roof Chief Financial Officer
Angela Strand Boydston Non-Executive Chairman
Darren C. Post Vice President-Engineering
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