曾风光无限的乐视网早已深陷债务泥潭，净资产为负215亿元、负债高达238亿元，却在年内两次官宣炒 股计划，此次更是拟斥资1.8亿元进军资本市场，还叠加多次跨界尝试。 一边是持续亏损、债务高企的窘境，一边是频繁加码高风险投资的操作，这般反常举动令小李感到十分 费解。 乐视此举真能靠投资扭转颓势、走出困境？难道就不顾及背后无数普通债权人，甘愿让他们的血汗钱沦 为冒险的"试错成本"？ 负债百亿下的"冒险豪赌" 小李发现乐视网早就从主板退市了，现在净资产都负到215亿元，欠的钱更是高达238亿元。 按说这种情况，花钱办事本该小心翼翼，先想着还债、把自己的主营业务稳住才对。 可12月2号晚上它发的公告却不一样，打算拿不超过1.8亿元的自有资金去搞投资，包括申购北交所新 股、在二级市场买股票，还有做国债逆回购这三样。 其中在二级市场买股票还有明确要求，买银行股的比例至少占一半，买沪深300指数里的成份股比例至 少占八成。 而且这次1.8亿元的投资额度，比上半年计划的5000万元多了不少。 在欠了这么多钱的情况下，还加码去搞有风险的投资，这会不会给普通债权人的利益带来隐患呢？ 在小李看来，这种操作表面是想让钱生钱，但总让人 ...

MONTREAL, Jan. 3, 2025 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company") announced today a reduction of its workforce through temporary layoffs of approximately 150 employees, in both Canada and the United States, across all departments within the organization. Following this workforce reduction, Lion will have approximately 160 employees who will mainly focus on assisting Lion's customers with the maintenance and servicing of school buses and trucks. The Company was ...

MONTREAL, Dec. 19, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that the Superior Court of Quebec (Commercial Division) (the "Court") has issued an initial order (the "Initial Order") granting the Company and its subsidiaries protection under the Companies' Creditors Arrangement Act ("CCAA"). Deloitte Restructuring Inc. has been appointed pursuant to the initial CCA ...

MONTREAL, Dec. 18, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that the Company and its subsidiaries have applied to the Superior Court of Quebec (Commercial Division) (the "Court") for an initial order to seek protection from their creditors under the Companies' Creditors Arrangement Act ("CCAA"). The Company and its subsidiaries also intend to seek recognition of ...

Company to initiate restructuring proceedings under the CCAA MONTREAL, Dec. 17, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today the expiry of the previously announced covenant relief period under its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and incl ...

Financial Data and Key Metrics Changes - The company recorded quarterly revenue of $30.6 million, driven by lower unit sales due to various factors [15] - Gross margins were negative $16 million, compared to negative $19.5 million in the previous quarter [15] - Available liquidity as of September 30 was approximately $27 million [16] Business Line Data and Key Metrics Changes - During Q3, the company delivered 89 vehicles, comprising 71 buses and 18 trucks, with a decline in deliveries primarily due to delays with the ZETF program [10] - The vehicle order book stood at 1,590 vehicles, consisting of 1,455 buses and 135 trucks, representing a combined total order value of approximately $420 million [11] - The company removed 515 bus orders related to the ZETF program due to uncertainty in the application process [11] Market Data and Key Metrics Changes - The company obtained $30 million in Expense Reimbursement payments under the grant ramp [6] - The latest three rounds of the EPA Clean School Bus program are expected to result in over 10,000 new electric school buses being deployed by the end of 2027 [13] Company Strategy and Development Direction - The company is focused on improving liquidity and has implemented cost reduction initiatives expected to result in annual savings of approximately $65 million [4] - Plans to start selling battery packs to third parties in 2025 are underway [5] - The company aims to maintain its leadership position in the electric school bus segment while addressing the challenges in the current operating environment [8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that 2024 is a challenging year but emphasized efforts to position the company for future success [8] - Positive movements in the ZETF and EPA programs were noted, indicating potential improvements in cash flow and revenue [5][6] - The company is actively seeking additional financing to strengthen its financial position [5][16] Other Important Information - The company has seen a $15 million reduction in inventory during Q3 and a $35 million reduction year-to-date [7] - The commercial production of a new vehicle line has been pushed to 2025 due to headcount reductions [7] Q&A Session Summary Question: Impact of new U.S. administration on electric vehicle programs - Management stated it is too early to determine the exact impact but noted that the EPA Clean School Bus program is functioning well and funding is being allocated [20] Question: Status of removed bus orders related to the ZETF program - Management clarified that the removal of 515 units was not a cancellation by customers but a proactive adjustment based on the timeline of the ZETF program [22] Question: Comments on pricing strategy - Management indicated that subsidies from the EPA program are adequate and that pricing will be adjusted based on market dynamics and total cost of ownership [24] Question: Delivery expectations for Q4 - Management emphasized ongoing discussions with lenders regarding liquidity and the timing of subsidies, but could not provide specific details on future deliveries [26] Question: Potential for vehicle deployment under EPA programs - Management confirmed that over 10,000 vehicles are expected to be deployed under various EPA programs by 2027 [28] Question: Competition and market share - Management acknowledged the competitive environment but stated that the company aims to increase its market share in the electric school bus segment [29] Question: Production capacity and ramp-up potential - Management confirmed that the company has the manufacturing capacity to ramp up production when needed [30] Question: Options for improving liquidity - Management reiterated that they are exploring various financing options but could not provide specific details at this stage [31]

The Lion Electric Company (LEV) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15.38%. A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced a loss of $0.18, delivering a surprise of -50%.Over the last four quarters, the company has ...

The Lion Electric Company Condensed Interim Consolidated Financial Statements Condensed Interim Consolidated Statements of Loss and Comprehensive Loss3 Condensed Interim Consolidated Statements of Changes in Equity4 Condensed Interim Consolidated Statements of Cash Flows 5 As at September 30, 2024 and for the three and nine months ended September 30, 2024 and 2023 Condensed Interim Consolidated Statements of Financial Position2 Notes to Condensed Interim Consolidated Financial Statements6 - 38 The accompany ...

JOLIET, Ill., Sept. 5, 2024 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announces that its all-electric school buses are now eligible for Dominion Energy's Electric School Bus Infrastructure program in Virginia. Dominion Energy, the main electricity provider in Virginia, is supporting public school districts within its Virginia service territory by providing fast-charging solutions to ...

This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.02, delivering a surprise of 71.43%. Lion Electric, which belongs to the Zacks Automotive - Domestic industry, posted revenues of $30.28 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 50.69%. This compares to year-ago revenues of $58.02 million. The company has topped consensus revenue est ...