Added to YB: 2024-04-19
Pitch date: 2024-04-18
LEV [bearish]
The Lion Electric Company
+74.44%
current return
Author Info
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Company Info
The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America.
Market Cap
N/A
Pitch Price
$1.35
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Machinery
Category
N/A
Lion Electric – Defective Products, Shrinking Backlog, Significant Operating Losses, Aggressive Accounting, and a Suffocating Debtload
LEV: Faces distress in 3-6mo due to quality issues (ME advised removing buses), demand drop (backlog -20% from peak), -30% op margins, aggressive accounting masking true cashburn. Liquidity crisis looms: may exhaust cash+revolver by Aug24. $279M debt at 10% interest. $240M mkt cap at risk of bankruptcy.
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