Lightning eMotors posts record quarterly revenue
LOVELAND — Zero-emission-vehicle provider Lightning eMotors Inc. (NYSE: ZEV) posted a record sales total in the third quarter of 2022.
Quarterly revenues were $11.1 million, compared to $6.3 million for the prior-year quarter.
Lightning posted a net loss of $1.2 million in the most recent period, or $0.02 per diluted share, compared to net loss of $49.5 million, or $0.67 per diluted share, in the third quarter of last year.
The company produced 104 vehicles in the third quarter of 2022. That’s up from 43 in the same period in 2021.
“Our strong third quarter results highlight our improved production capacity, supply chain execution,…
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