They should bounce back quickly as they have shut backlog of orders from Amazon and various schools in the US and some have already been delivered unlike other companies which will start manufacturing only in 2022+.
Delivery of 24 vehicles, a significant increase as compared to the 2 delivered in the same period last year.
Revenue of $6.2 million, up $5.0 millioncompared to $1.2 million in Q1 2020.
Negative gross profit of $1.8 million, down $0.8 million as compared to $1.1 million in Q1 2020 mainly due to administrative expenses of hiring new staff etc.
Vehicle order book1 of 817 all-electric medium- and heavy-duty urban vehicles as of May 14th, 2021, consisting of 209 trucks and 608 buses, representing a combined total order value of over $225 million.
Secured an order of 260 school buses from First Student, a leading school bus operator on May 14, 2021, with deliveries expected to take place from the second half of 2021 to the first half of 2023.
Obtained initial truck orders from sizable fleet owners, such as Pride Group, Ikea’s logistics partners (Second Closet and Metro Supply Chain Group), Sobeys, ConEdison and Heritage during and after the end of the quarter.
Delivery of the first 10 Lion6 trucks to Amazon completed shortly after the end of the quarter.
probably because of interest in other stocks. Nothing to worry about I think.
DCRB (Decarbonization Plus Acquisition Corporation), a SPAC, just merged with Hyzon motors that builds hydrogen trucks. So probably the attention is floating there today.