Delisted from NASDAQ in Sep 2023
RIDE - Lordstown Motors Corp.
NASDAQ
->
Consumer Cyclical
->
Auto Manufacturers
Lordstown,
United States
Type: Equity
RIDE price evolution
RIDE
| (in millions $) | 31 Mar 2023 | 31 Jan 2023 | 30 Sep 2022 | 30 Jun 2022 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $108.09 | $121.36 | $154.23 | $235.69 |
| Short term investments | $68.59 | $100.3 | $49.3 | |
| Net receivables | ||||
| Inventory | $6.34 | $13.67 | $11.18 | $4.01 |
| Total current assets | $192.04 | $255.88 | $252.18 | $282.78 |
| Long term investments | ||||
| Property, plant & equipment | $78.12 | $193.78 | $220.02 | $286.93 |
| Goodwill & intangible assets | $1 | $1 | ||
| Total noncurrent assets | $80.37 | $196.44 | $248.9 | $315.42 |
| Total investments | $68.59 | $100.3 | $49.3 | |
| Total assets | $272.41 | $452.31 | $501.08 | $598.19 |
| Current liabilities | ||||
| Accounts payable | $8.43 | $12.8 | $15.63 | $12.98 |
| Deferred revenue | ||||
| Short long term debt | $13.5 | $13.5 | ||
| Total current liabilities | $58.84 | $68.83 | $86.15 | $60.83 |
| Long term debt | ||||
| Total noncurrent liabilities | $0.89 | $1.45 | $2.5 | $1.6 |
| Total debt | $13.5 | $13.5 | ||
| Total liabilities | $59.73 | $70.28 | $88.64 | $62.44 |
| Shareholders' equity | ||||
| Retained earnings | -$998.93 | -$827.21 | -$725.21 | -$570.78 |
| Other shareholder equity | ||||
| Total shareholder equity | $181.81 | $351.77 | $412.44 | $535.76 |
| (in millions $) | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $121.36 | $244.02 | $629.76 | $1.07 |
| Short term investments | $100.3 | |||
| Net receivables | $0.02 | |||
| Inventory | $13.67 | |||
| Total current assets | $255.88 | $291.14 | $654.45 | $1.22 |
| Long term investments | $283.58 | |||
| Property, plant & equipment | $193.78 | $382.75 | $101.66 | $20.28 |
| Goodwill & intangible assets | $1 | $11.11 | ||
| Total noncurrent assets | $196.44 | $397.65 | $112.77 | $283.58 |
| Total investments | $100.3 | $283.58 | ||
| Total assets | $452.31 | $688.78 | $767.22 | $284.8 |
| Current liabilities | ||||
| Accounts payable | $12.8 | $12.1 | $32.54 | $0.29 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $68.83 | $147.6 | $34.07 | $0.29 |
| Long term debt | $1.01 | |||
| Total noncurrent liabilities | $1.45 | $1.58 | $1.01 | $9.8 |
| Total debt | $1.01 | |||
| Total liabilities | $70.28 | $149.18 | $35.09 | $10.09 |
| Shareholders' equity | ||||
| Retained earnings | -$827.21 | -$544.81 | -$110.95 | $3.01 |
| Other shareholder equity | ||||
| Total shareholder equity | $351.77 | $539.6 | $732.13 | $5 |
| (in millions $) | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 | 30 Jun 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $0.19 | $0.19 | ||
| Cost of revenue | $30.81 | $30.02 | ||
| Gross Profit | -$30.62 | -$29.83 | ||
| Operating activities | ||||
| Research & development | $14.43 | $15.6 | $19.84 | $10.51 |
| Selling, general & administrative | $14.69 | $22.16 | $60.15 | $29.94 |
| Total operating expenses | $143.55 | $74.29 | $154.85 | $40.45 |
| Operating income | -$174.17 | -$104.12 | -$154.85 | -$40.45 |
| Income from continuing operations | ||||
| EBIT | -$174.11 | -$105.21 | -$154.43 | $63.66 |
| Income tax expense | ||||
| Interest expense | -$2.39 | -$3.21 | ||
| Net income | ||||
| Net income | -$171.72 | -$102 | -$154.43 | $63.66 |
| Income (for common shares) | -$171.11 | -$102.26 | -$154.43 | $63.66 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $0.19 | |||
| Cost of revenue | $30.02 | |||
| Gross Profit | -$29.83 | |||
| Operating activities | ||||
| Research & development | $107.82 | $284.02 | $73.69 | |
| Selling, general & administrative | $138.27 | $105.36 | $28.79 | $0.62 |
| Total operating expenses | $357.48 | $400.49 | $102.48 | $0.62 |
| Operating income | -$387.3 | -$400.49 | -$102.48 | -$0.62 |
| Income from continuing operations | ||||
| EBIT | -$285.61 | -$410.57 | -$99.85 | $3.93 |
| Income tax expense | $0.91 | |||
| Interest expense | -$3.21 | -$0.2 | $0.7 | |
| Net income | ||||
| Net income | -$282.4 | -$410.37 | -$100.56 | $3.02 |
| Income (for common shares) | -$282.67 | -$410.37 | -$100.56 | $3.02 |
| (in millions $) | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 | 30 Jun 2022 |
|---|---|---|---|---|
| Net income | -$171.72 | -$102 | -$154.43 | $63.66 |
| Operating activities | ||||
| Depreciation | $7.67 | $8.48 | ||
| Business acquisitions & disposals | $13.5 | -$13.5 | ||
| Stock-based compensation | $2.41 | $7.88 | $4.4 | $2.63 |
| Total cash flows from operations | -$38.12 | -$42.74 | -$49.59 | -$52.39 |
| Investing activities | ||||
| Capital expenditures | -$7.95 | -$2.86 | -$9.26 | $19.41 |
| Investments | $32.79 | -$50.99 | -$49.3 | |
| Total cash flows from investing | $24.84 | -$40.35 | -$58.56 | $5.91 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $12.68 | $26.7 | $15.11 | |
| Net borrowings | -$13.5 | $13.5 | ||
| Total cash flows from financing | $50.22 | $26.7 | $78.61 | |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$13.27 | -$32.87 | -$81.45 | $32.12 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Net income | -$282.4 | -$410.37 | -$100.56 | $3.02 |
| Operating activities | ||||
| Depreciation | $8.48 | $11.11 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | $18.83 | $18.69 | $2.75 | |
| Total cash flows from operations | -$213.76 | -$387.99 | -$64.32 | -$1.39 |
| Investing activities | ||||
| Capital expenditures | -$14.61 | -$284.51 | -$55.84 | |
| Investments | -$100.3 | -$279.03 | ||
| Total cash flows from investing | -$114.9 | -$285.51 | -$55.84 | -$279.03 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $54.97 | $187.76 | $708.97 | $274.4 |
| Net borrowings | $38.8 | -$0.04 | ||
| Total cash flows from financing | $206.01 | $287.76 | $747.76 | $281.48 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$122.66 | -$385.75 | $627.6 | $1.05 |
News
Fundamentals
| Market cap | $1.04B |
|---|---|
| Enterprise value | $931.68M |
| Shares outstanding | 239.03M |
| Revenue | $383.00K |
|---|---|
| EBITDA | -$353.94M |
| EBIT | -$370.09M |
| Net Income | -$364.49M |
| Revenue Q/Q | InfinityT% |
| Revenue Y/Y | N/A |
| P/E ratio | -2.85 |
|---|---|
| EV/Sales | 2.43K |
| EV/EBITDA | -2.63 |
| EV/EBIT | -2.52 |
| P/S ratio | 2.71K |
| P/B ratio | 5.72 |
| Book/Share | 0.76 |
| Cash/Share | 0.45 |
| EPS | -$1.52 |
|---|---|
| ROA | -79.93% |
| ROE | -98.39% |
| Debt/Equity | 0.20 |
|---|---|
| Net debt/EBITDA | 0.14 |
| Current ratio | 3.26 |
| Quick ratio | 3.16 |