Lotus Technology Second Quarter 2024 Earnings: US$0.30 loss per share (vs US$0.39 loss in 2Q 2023)

Lotus Technology (NASDAQ:LOT) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$225.0m (up 103% from 2Q 2023).
• Net loss: US$201.5m (loss widened by 10% from 2Q 2023).
• US$0.30 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lotus Technology Earnings Insights

Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US.

Performance of the American Auto industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Lotus Technology (1 is a bit concerning!) that you need to be mindful of.

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