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ELMS Sets Date for Second Quarter 2021 Earnings Release and Conference Call

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Electric Last Mile Solutions (NASDAQ: ELMS, ELMSW) will release its Q2 2021 financial results on August 12, 2021, after market close. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss the results. The company focuses on providing clean commercial electric vehicles, with its first model, the Urban Delivery, expected to be the leading Class 1 commercial EV in the U.S. market. Interested parties can access the live webcast via the company's website.

Positive
  • Scheduled Q2 2021 earnings release could lead to increased investor interest.
  • Anticipation of Urban Delivery as the first Class 1 commercial electric vehicle in the U.S. market.
Negative
  • Forward-looking statements caution uncertainty in achieving expected outcomes.
  • Risks related to competition and potential delays in production timelines.

TROY, Mich., Aug. 06, 2021 (GLOBE NEWSWIRE) -- Electric Last Mile Solutions, Inc. (NASDAQ: “ELMS” or “ELMSW”) (“ELMS” or “the Company”), a pure-play commercial electric vehicle (“EV”) company focused on redefining productivity for the last mile, today announced that the Company will release its second quarter 2021 financial results after the market closes on Thursday, August 12, 2021. A conference call to discuss the results will be held on Thursday, August 12, 2021 at 5:00 p.m. Eastern Time.

Conference Call and Webcast
To listen to the live webcast, go to the Investors section of the Company’s website at www.electriclastmile.com at least 15 minutes prior to the scheduled start time in order to register.

To Participate in the Telephone Conference Call:
Dial in at least 15 minutes prior to start time.
Domestic: 1-877-300-8521
International: 1-412-317-6026

About Electric Last Mile Solutions, Inc.
Electric Last Mile Solutions, Inc. (Nasdaq: ELMS) is focused on defining a new era in which commercial vehicles run clean as connected and customized solutions that make our customers’ businesses more efficient and profitable. ELMS’ first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market. The company is headquartered in Troy, Michigan. For more information, please visit www.electriclastmile.com.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance of the business, the size, demands and growth potential of the markets for the Company’s products and the Company’s ability to serve those markets, the Company’s ability to develop innovative products and compete with other companies engaged in the commercial delivery vehicle industry and/or the electric vehicle industry, the Company’s ability to attract and retain customers, the estimated go to market timing and cost for the Company’s products, and the implied valuation of the Company. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to recognize the anticipated benefits of the business plan, which may be affected by, among other things, competition and the ability of the Company to grow and manage growth profitably and retain its key employees; (2) changes in applicable laws or regulations; (3) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (4) the impact of COVID-19 on the Company’s business; (5) any delays the Company may experience in realizing its projected timelines and cost and volume targets for the production, launch and ramp up of production of the Company’s vehicles and the modification of its manufacturing facility; (6) the ability of the Company to obtain customers, obtain product orders, and convert its non-binding pre-orders into binding orders or sales; (7) the Company’s ability to implement its business plans and strategies; and (8) other risks and uncertainties indicated from time to time in Securities and Exchange Commission filings by the Company relating to the business plan and in the Company’s other filings and future filings with the Securities and Exchange Commission. Some of these risks and uncertainties may in the future be amplified by the COVID-19 outbreak and there may be additional risks that the Company considers immaterial or which are unknown. The Company cautions that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.

Contacts
Media: elms-svc@sardverb.com
Investor Relations: IR@electriclastmile.com


FAQ

When will Electric Last Mile Solutions release its Q2 2021 earnings?

Electric Last Mile Solutions is set to release its Q2 2021 financial results on August 12, 2021, after market close.

What is the significance of the Urban Delivery vehicle for ELMS?

The Urban Delivery is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market, marking a significant milestone for Electric Last Mile Solutions.

What time is the conference call for ELMS's Q2 2021 results?

The conference call to discuss ELMS's Q2 2021 financial results will take place on August 12, 2021, at 5:00 p.m. Eastern Time.

How can I access the webcast for ELMS's earnings call?

To access the live webcast for ELMS's earnings call, visit the Investors section of the company's website at least 15 minutes prior to the scheduled start time.

What risks does ELMS mention regarding forward-looking statements?

ELMS highlights risks such as competition, operational delays, and challenges in converting pre-orders to sales as potential uncertainties in their forward-looking statements.

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