The Lion Electric Company (LEV) Q3 2024 Earnings Call Transcript Summary
The Lion Electric Company (LEV) Q3 2024 Earnings Call Transcript Summary
Decreased SG&A expenses year-over-year by $3.7 million and a reduction over Q2 by $1.6 million, reflecting cost-cutting measures.The following is a summary of the The Lion Electric Company (LEV) Q3 2024 Earnings Call Transcript:
以下是獅子電動公司（LEV）2024年第三季度業績會文本摘要：
Financial Performance:
財務表現:
Q3 2024 revenue was $30.6 million, facing a decline driven by lower unit sales and increased unit costs.
Notable negative gross margins reported at -$16 million.
Decreased SG&A expenses year-over-year by $3.7 million and a reduction over Q2 by $1.6 million, reflecting cost-cutting measures.
CapEx greatly reduced to $400,000, down by approximately $16 million from last year.
2024年第三季度營業收入爲3060萬美元，面臨由於銷售數量減少和單機成本增加導致的下降。
報告的顯著負毛利爲-1600萬美元。
年度SG&A費用減少370萬美元，較去年第二季度減少160萬美元，反映了成本削減措施。
資本支出大幅減少至40萬美元，比去年減少約1600萬美元。
Business Progress:
業務進展:
Deployed significant efforts towards improving liquidity and sustainability, including implementing headcount reductions, batch size manufacturing, and initiatives to sublease facilities.
Advanced the vehicle development, particularly with LionD and Lion5 models and integrating Lion batteries.
Maintained leadership in electric truck market while focusing on cost structure for future position enhancement.
投入重大作爲改善流動性和可持續性，包括實施減少人員、批量製造和租賃設施倡議等。
推進車輛開發，特別是LionD和Lion5車型，並整合Lion電池。
在專注未來位置增強的成本結構的同時，在電動卡車市場保持領先地位。
Opportunities:
機會：
Positive movements in EPA and ZETF programs, with potential growth in the electric school bus segment.
Achieved milestone of over 32 million miles driven by Lion vehicles.
Announced plans to sell battery packs to third parties starting 2025.
在EPA和ZETF計劃中出現積極變化，電動校車領域有潛在增長。
Lion車輛駕駛里程突破3200萬英里的里程碑。
宣佈計劃，從2025年開始向第三方賣出電池組。
Risks:
風險：
Uncertainty regarding the ability to continue as a going concern without additional funding.
Immediate challenges in cash flow and liquidity affecting the production cadence and revenue generation.
存在無法在沒有額外資金的情況下持續作爲持續經營的不確定性。
現金流和流動性方面的即時挑戰影響了生產節奏和營收。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
