Lion Electric reports Q4 EPS (2c), consensus (12c)

Reports Q4 revenue $46.77M, consensus $48.82M. Reports Q4 delivery of 174 vehicles, an increase of 103 vehicles. "We are pleased with our 2022 performance, as once again, despite external challenges, we delivered a record number of electric vehicles. In parallel, we produced our first electric school bus at our Joliet, IL manufacturing plant and we produced our first battery pack at our Mirabel, QC battery manufacturing facility, while efficiently managing our cash position throughout the year," commented Marc Bedard, CEO – Founder of Lion. "As we head into a new year, I would like to thank all our employees for their hard work and dedication. In 2023, we will continue to carefully manage liquidities while maintaining focus on investing the capital and resources required to accelerate the efficient ramp-up of our production, with a view to optimize our manufacturing footprint and drive long-term growth and profitability," concluded Marc Bedard. ,.