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Lightning eMotors (Lightning eMotors) Net Income : $-104.14 Mil (TTM As of Sep. 2023)


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What is Lightning eMotors Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Lightning eMotors's Net Income for the three months ended in Sep. 2023 was $-50.67 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-104.14 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Lightning eMotors's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $-7.84.


Lightning eMotors Net Income Historical Data

The historical data trend for Lightning eMotors's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lightning eMotors Net Income Chart

Lightning eMotors Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Net Income
-9.69 -37.65 -100.77 15.17

Lightning eMotors Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.23 -8.58 -23.44 -21.45 -50.67

Lightning eMotors Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Lightning eMotors's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=15.17+0+0+0
=15.17

Lightning eMotors's Net Income for the quarter that ended in Sep. 2023 is calculated as

Net Income(Q: Sep. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-50.672+0+0+0
=-50.67

Net Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-104.14 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Lightning eMotors  (OTCPK:ZEVY) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Lightning eMotors's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Lightning eMotors Net Income Related Terms

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Lightning eMotors (Lightning eMotors) Business Description

Traded in Other Exchanges
N/A
Address
815 14th Street South West, Suite A100, Loveland, CO, USA, 80537
Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.
Executives
Rosella Holdings Ltd 10 percent owner TRAFALGAR COURT, 3RD FLOOR, WEST WING, LES BANQUES, ST PETER PORT Y7 GY1 2JA
David Agatston officer: Chief Financial Officer C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Wanda Jackson-davis director C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Shashi Seth officer: Chief Revenue Officer 3080 SOUTH CT, PALO ALTO CA 94306
Jack Kenneth P. Jr. director 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Robert Fenwick-smith director C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Bruce Coventry director C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Timothy Reeser director, officer: Chief Executive Officer C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Teresa Covington officer: Chief Financial Officer C/O AEROVIRONMENT, INC., 181 W. HUNTINGTON DR., SUITE 202, MONROVIA CA 91016
Raluca Dinu director C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD., SUITE 200, PALO ALTO CA 94303
Diana D Tremblay director 2111 NORTH MOLTER ROAD, LIBERTY LAKE WA 99019
Thaddeus Senko director C/O AUTOLIV, INC., KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 SE-11164
Andrea Betti-berutto other: former director C/O GIGCAPITAL3, INC., 1731 EMBARCADERO RD., SUITE 200, PALO ALTO CA 94303
Peter S Wang other: former director GIGCAPITAL, INC., 3000 EL CAMINO REAL, BLDG 4, SUITE 232, PALO ALTO CA 94306
John J Mikulsky other: former director C/O KALEYRA, INC., 1731 EMBARCADERO ROAD, SUITE 200, PALO ALTO CA 94303