Lightning eMotors Reports Disappointing Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/ZEV'>Lightning eMotors, Inc. (NYSE:ZEV) </a>reported disappointing Q4 results, with revenue of $4.2 million coming in worse than the consensus estimate of $5.3 million, impacted by limited chassis availability. It also impacted the Q1 guidance by $7 million.</p>
<p>Analysts at Oppenheimer expect the company to benefit from its internal chassis ramp specifically because its purpose-built design optimizes battery location eliminating weight and assembly complexity. </p>
<p>The analysts believe this offering will aid volumes along with cost structure and vehicle performance. They are also encouraged by the company’s expanded relationship with Forrest River to offer retrofit buses, which they believe can further aid growth along with its standalone powertrain offering. </p>
<p>While revenue ramp has been pushed out due to supply chain headwinds, the analysts believe the company is one of the few companies successfully making medium-duty vehicles, which is expected to be leveraged into a sustainable share position. </p>

NYSE:ZEV