The Lion Electric Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 80.35 million compared to USD 40.98 million a year ago. Net loss was USD 19.85 million compared to USD 17.2 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.09 a year ago.
For the nine months, sales was USD 193.07 million compared to USD 93.15 million a year ago. Net loss was USD 47.22 million compared to net income of USD 22.41 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to basic earnings per share from continuing operations of USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to diluted earnings per share from continuing operations of USD 0.11 a year ago.