Lion Electric reports Q3 EPS (9c), consensus (9c)

Reports Q3 revenue $80.35M, consensus $78.91M. Reports delivery of 245 vehicles, an increase of 89 vehicles, as compared to the 156 delivered in the same period last year. “We are pleased with our performance in the third quarter of 2023, as we posted record revenue and gross margins, and our revenue year-to-date has more than doubled compared to last year,” commented Marc Bedard, CEO – Founder of Lion. “As we approach the end of the year, we continue to relentlessly focus on all the elements that will enable us to reach our profitability objectives,” concluded Marc Bedard.