Lion Electric Investor Presentation Deck
Q1 2022 Results Overview
17
$6.2
Q1 2021
Q1 REVENUE
■ Revenue
(US$ millions)
$22.6
Q1 2022
■
■
■
Q1 2022 Highlights
Record number of 84 vehicles delivered in Q1 2022
vs. 24 in Q1 2021
■
Gross margin of ($0.9) million in Q1 2022; margin
significantly impacted by additional millions of dollars of
unabsorbed investments related to manufacturing
capacity ramp-up and lower ASP
Adjusted EBITDA¹ of ($11.3) million and net earnings
of $2.1 million
$15.0 million in acquisition of intangible assets, which
mainly consists of R&D activities
■ $34.9 million in CAPEX
$14.2 million spend on Joliet facility and $17.2 million
for Lion Campus included in CAPEX & R&D
1) Non-IFRS measure. See "Financial Information; Non-IFRS Financial Measures and Other Performance Metrics". This measure is also defined in the Appendix C, which also includes a reconciliation to the most directly comparable IFRS measure.
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