Lightning eMotors, Inc. provided preliminary revenue guidance for the fourth quarter 2022. For the quarter, company expected revenue to be approximately $4 million on sales of 31 vehicles and powertrain units, significantly lower than the expected range of $13 million to $18 million on sales of 100 to 130 units, primarily due to battery supply issues, demand shifting to 2023 as a result of the impact and timing of the new incentive programs starting in 2023, and fast-rising interest rates.
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- Lightning eMotors, Inc. Provides Preliminary Revenue Guidance for the Fourth Quarter 2022