Lightning eMotors Past Earnings Performance
Past criteria checks 2/6
Lightning eMotors has been growing earnings at an average annual rate of 10.1%, while the Machinery industry saw earnings growing at 11.2% annually. Revenues have been growing at an average rate of 33.3% per year. Lightning eMotors's return on equity is 6.1%, and it has net margins of 12.3%.
Key information
10.1%
Earnings growth rate
54.9%
EPS growth rate
| Machinery Industry Growth | 10.7% |
| Revenue growth rate | 33.3% |
| Return on equity | 6.1% |
| Net Margin | 12.3% |
| Last Earnings Update | 31 Mar 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Lightning eMotors makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 23 | 20 | 2 | 55 | 10 |
| 31 Dec 22 | 24 | 15 | 52 | 9 |
| 30 Sep 22 | 24 | 46 | 53 | 6 |
| 30 Jun 22 | 19 | -2 | 47 | 5 |
| 31 Mar 22 | 22 | -84 | 42 | 4 |
| 31 Dec 21 | 21 | -101 | 34 | 3 |
| 30 Sep 21 | 20 | -136 | 24 | 3 |
| 30 Jun 21 | 18 | -106 | 17 | 2 |
| 31 Mar 21 | 13 | -62 | 12 | 2 |
| 31 Dec 20 | 9 | -38 | 11 | 1 |
| 30 Sep 20 | 7 | -28 | 10 | 1 |
| 31 Dec 19 | 3 | -12 | 7 | 1 |
| 31 Dec 18 | 1 | -9 | 5 | 0 |
Quality Earnings: 9LK has a large one-off gain of $81.0M impacting its last 12 months of financial results to 31st March, 2023.
Growing Profit Margin: 9LK became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 9LK has become profitable over the past 5 years, growing earnings by 10.1% per year.
Accelerating Growth: 9LK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 9LK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (19%).
Return on Equity
High ROE: 9LK's Return on Equity (6.1%) is considered low.