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Lotus Tech narrowed Q3 loss despite 35% drop in vehicle deliveries, stock at $0.065 with "Sell" rating.
Lotus Technology reported a narrower third-quarter loss of $65.42 million, or $0.10 per share, compared to $205.80 million, or $0.30 per share, in the same period last year, driven by reduced operating expenses and a 70% drop in adjusted EBITDA loss.
However, vehicle deliveries fell 35% year-over-year to 1,799 units.
The company’s stock closed at $0.065 on Nasdaq, with a negative P/E ratio and a "Sell" consensus rating from analysts.
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Lotus Tech redujo la pérdida del tercer trimestre a pesar de la caída del 35% en las entregas de vehículos, las acciones están en $0.065 con calificación "Vender".