Lion Electric reports Q2 EPS (5c), consensus (11c)

Reports Q2 revenue $58.02M, consensus $66.6M. “We are pleased with our performance in the second quarter of 2023, as we continued to see gradual growth in revenue and in truck deliveries,” commented Marc Bedard, CEO – Founder of Lion. “As we recently closed a $142 million financing that provides us with the flexibility to execute our growth plans, we will continue to focus our efforts on achieving profitability, which is moving in the right direction, as demonstrated by the positive gross margin we posted this quarter,” concluded Marc Bedard.