Lightning eMotors (Lightning eMotors) Gross Margin % : -269.51% (As of Sep. 2023)

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What is Lightning eMotors Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Lightning eMotors's Gross Profit for the three months ended in Sep. 2023 was $-33.33 Mil. Lightning eMotors's Revenue for the three months ended in Sep. 2023 was $12.37 Mil. Therefore, Lightning eMotors's Gross Margin % for the quarter that ended in Sep. 2023 was -269.51%.

The historical rank and industry rank for Lightning eMotors's Gross Margin % or its related term are showing as below:

ZEVY' s Gross Margin % Range Over the Past 10 Years
Min: -192.51 Med: -29.52 Max: -22
Current: -192.51

During the past 4 years, the highest Gross Margin % of Lightning eMotors was -22.00%. The lowest was -192.51%. And the median was -29.52%.

ZEVY's Gross Margin % is ranked worse than
99.02% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 24.35 vs ZEVY: -192.51

Lightning eMotors had a gross margin of -269.51% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Lightning eMotors was 0.00% per year.

Lightning eMotors Gross Margin % Historical Data

The historical data trend for Lightning eMotors's Gross Margin % 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 Gross Margin % Chart

Lightning eMotors Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Gross Margin %

-33.79

-22.00

-25.25

-48.49

Lightning eMotors Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial										-30.99	-109.04	-521.82	-63.38	-269.51

Competitive Comparison of Lightning eMotors's Gross Margin %

For the Farm & Heavy Construction Machinery subindustry, Lightning eMotors's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lightning eMotors's Gross Margin % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lightning eMotors's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Lightning eMotors's Gross Margin % falls into.

Lightning eMotors Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

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

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	-11.8	/	24.413
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(24.413 - 36.251)	/	24.413
	=	-48.49 %

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

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-33.3	/	12.366
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12.366 - 45.694)	/	12.366
	=	-269.51 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Lightning eMotors (OTCPK:ZEVY) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Lightning eMotors had a gross margin of -269.51% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Lightning eMotors Gross Margin % Related Terms

Thank you for viewing the detailed overview of Lightning eMotors's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Lightning eMotors (Lightning eMotors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lightning eMotors Inc (OTCPK:ZEVY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

815 14th Street South West, Suite A100, Loveland, CO, USA, 80537

Website

https://www.lightningemotors.com

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