LOTUS TECHNOLOGY INC
LOT
ISIN US54572F1012 / Valor 133216077
LOTUS TECHNOLOGY INC
UMushroom community rating:
About company
LOTUS TECHNOLOGY INC, operating under the renowned British brand "Lotus," specializes in the design, development, and sale of luxury battery electric vehicles (BEVs). With a legacy spanning over seventy years in the automotive industry, Lotus is recognized for its high standards in performance, design, and engineering. The company leverages advanced proprietary technology and robust research and development capabilities to innovate in the fields of electrification, digitization, and intelligent vehicle systems. Employing an asset-light business model, Lotus Technology Inc aims to set new benchmarks in the luxury electric vehicle market.
Summarized from source with an LLMView SourceSector: TelecommunicationsLatest Results (03.01.2025):
Revenue Growth
LOTUS TECHNOLOGY INC reported total revenues of $653 million for the first nine months of 2024, marking a significant 105% year-over-year increase. This growth was driven by strong sales performance across various regions and product lines.
Sales Performance
The company achieved sales of goods amounting to $624 million, reflecting a 104% increase compared to the same period in 2023. Service revenues also saw a substantial rise, reaching $29 million, which is a 129% year-over-year increase.
Gross Margin
LOTUS TECHNOLOGY INC's gross margin for the first nine months of 2024 was 9%, down from 11% in the same period of 2023. The decrease was primarily due to inventory management strategies in response to market conditions.
Operating and Net Loss
The company reported an operating loss of $598 million for the first nine months of 2024, an 18% increase from the previous year. The net loss for the same period was $667 million, with an adjusted net loss (non-GAAP) of $633 million, representing a 20% year-over-year increase.
Adjusted EBITDA
LOTUS TECHNOLOGY INC's adjusted EBITDA (non-GAAP) was a loss of $563 million for the first nine months of 2024, which is a 16% increase compared to the same period in 2023. This reflects ongoing investments in technology and market expansion efforts.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2820 M
Market cap (USD)
130,845
Daily traded volume (Shares)
4.08 / 3.6
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
