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Lotus Technology Inc. (LOT)
NASDAQ:LOT
Holding LOT?
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Earnings Data
Report Date
Apr 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.47Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 29, 2024
|% Change Since: -36.18%
|Next Earnings Date:Apr 08, 2024
Earnings Call Sentiment|Neutral
Lotus Technology showed strong revenue growth and vehicle delivery figures, driven by its expanding ADAS business and strategic market entries. However, the company faced challenges with declining gross profit margins and increased losses, exacerbated by inventory issues, particularly in Europe.Company Guidance
During the Lotus Technology Inc. Q3 2024 earnings call, the company reported delivering over 7,600 vehicles in the first nine months, generating $653 million in total revenue. In Q3 alone, 2,700 units were delivered, marking a 54% year-over-year increase, while sales revenue reached $255 million, up 36% year-over-year. Notably, the company's intelligent driving business, with ADAS technology, contributed $11 million, reflecting a 450% year-over-year growth. However, the gross profit margin decreased to 9% for the first nine months and slid further to 3% in Q3, largely due to inventory management challenges amidst trade protectionism and inflation. The company aims for a 20% gross profit margin by 2026, forecasting sales of over 30,000 units, supported by new model launches and strategic market expansions.Significant Revenue Growth
Lotus Technology achieved total revenue of $653 million in the first nine months of 2024, marking a 105% year-over-year increase.
Record Vehicle Deliveries
In the third quarter, 2,744 units were delivered, representing a 54% year-over-year increase.
ADAS Business Expansion
Revenue from the intelligent driving business reached $11 million in the first nine months, with a year-over-year growth of 450%.
Service Revenue Increase
Service revenue was $29 million, a 129% year-over-year increase, with a gross margin of 55% compared to 28% last year.
New Market Entries and Infrastructure Expansion
Lotus expanded its charging infrastructure in Europe with more than 300,000 stations and continues to invest in China with over 18,000 stations.
Operating Expense Reduction
Operating loss decreased by 22% quarter-over-quarter, showcasing effective cost management strategies.
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LOT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LOT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $4.45 | $4.31 | -3.15% |
| Aug 28, 2024 | $5.63 | $5.61 | -0.36% |
| May 29, 2024 | $10.90 | $13.68 | +25.50% |
| Apr 08, 2024 | $6.76 | $6.92 | +2.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lotus Technology Inc. (LOT) report earnings?
Lotus Technology Inc. (LOT) is schdueled to report earning on Apr 14, 2025, TBA Not Confirmed.
What is Lotus Technology Inc. (LOT) earnings time?
Lotus Technology Inc. (LOT) earnings time is at Apr 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LOT EPS forecast?
Currently, no data Available
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