Lotus Technology(LOT) - 2025 Q1 - Earnings Call Presentation

Financial Performance (Q1 2025 vs Q1 2024) - Deliveries decreased by 42%, from 2,194 units in 1Q2024 to 1,274 units in 1Q2025 [13] - Revenues decreased by 46%, from $173 million in 1Q2024 to $92.823 million in 1Q2025 [13, 33] - Cost of revenues decreased by 43%, from $143 million in 1Q2024 to $81.674 million in 1Q2025 [13, 33] - Gross profit decreased by 63%, from $30 million in 1Q2024 to $11.149 million in 1Q2025 [13, 33] - Gross profit margin decreased by 6%, from 18% in 1Q2024 to 12% in 1Q2025 [13] - Operating loss decreased by 56%, from $(233) million in 1Q2024 to $(102.995) million in 1Q2025 [13, 33] - Net loss decreased by 29%, from $(258) million in 1Q2024 to $(182.825) million in 1Q2025 [13, 33] - Adjusted EBITDA decreased by 33%, from $(204) million in 1Q2024 to $(136.403) million in 1Q2025 [13, 35] Assets and Liabilities (Mar 31, 2025 vs Dec 31, 2024) - Total current assets decreased from $1,042.938 million to $1,013.737 million [28] - Total assets decreased from $2,285.663 million to $2,266.871 million [28] - Total current liabilities decreased from $2,467.397 million to $2,246.432 million [28] - Total liabilities increased from $3,145.889 million to $3,308.082 million [30] - Total shareholders' deficit increased from $(860.226) million to $(1,041.211) million [30]