Lordstown Motors Announces Timing of Fourth Quarter and Full Year 2020 Financial Results and Webcast
Lordstown Motors Corp. (Nasdaq: RIDE) announced it will release its Q4 2020 and full-year financial results on March 17, 2021, after market close. A conference call is scheduled for 4:30 PM ET, accessible via a live webcast from the company's Investor Relations website. The Ohio-based company aims to transform the region into a hub for electric-vehicle manufacturing, producing the Lordstown Endurance, the first full-size all-electric pickup designed for commercial fleets.
- Upcoming release of Q4 and full-year 2020 financial results indicates transparency and engagement with investors.
- The production of the Lordstown Endurance as a unique offering in the electric vehicle market targets a specific niche (commercial fleets).
- Risks noted include limited operating history and significant funding needs.
- Challenges in securing binding purchase orders and integrating electric vehicles into existing fleets may affect growth.
LORDSTOWN, Ohio, March 04, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, today announced that it will release its fourth quarter and full year 2020 financial results after market close on March 17, 2021. The company will host a conference call at 4:30 p.m. Eastern Time.
The call can be accessed via a live webcast accessible on the Events page of Lordstown Motors’ Investor Relations website at https://investor.lordstownmotors.com/. An archive of the webcast will be available shortly after the call.
About Lordstown Motors Corp.
Lordstown Motors Corp. is an Ohio-based original equipment manufacturer of light duty fleet vehicles, founded by CEO Steve Burns with the purpose of transforming Ohio's Mahoning Valley and Lordstown, Ohio, into the epicenter of electric-vehicle manufacturing. The company owns the 785 acre, 6.2 million square foot Lordstown Assembly Plant where it plans to build the Lordstown Endurance, believed to be the world's first full-size, all-electric pickup truck designed to serve the commercial fleet market. For additional information visit www.lordstownmotors.com.
Forward Looking Statements
This press release includes forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: our limited operating history and our significant projected funding needs; risks associated with the conversion and retooling of our facility and ramp up of production; our inability to obtain binding purchase orders from customers and potential customers’ inability to integrate our electric vehicles into their existing fleets; our inability to retain key personnel and to hire additional personnel; competition in the electric pickup truck market; our inability to develop a sales distribution network; and the ability to protect our intellectual property rights. Any forward-looking statements speak only as of the date on which they are made, and Lordstown Motors Corp. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
Contacts:
Investors
Carter Driscoll
lordstownIR@icrinc.com
Media
Ryan Hallett
lordstownmotors@ottoandfriends.com
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