The following is a summary of the The Lion Electric Company (LEV) Q3 2024 Earnings Call Transcript:

Financial Performance:

• 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.

Business Progress:

• 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.

Opportunities:

• 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.

Risks:

• 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.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.