Lightning eMotors Inc.
|Company Name||Lightning eMotors Inc.|
On August 16, 2021, after the market closed, Lightning eMotors announced its second quarter 2021 financial results, reporting a net loss of $46.1 million, compared to a net loss of $2.8 million during the prior-year period. The Company also withdrew its fiscal 2021 guidance, stating that it “no longer expects to meet full year guidance” citing among other things “chassis production disruptions.”
On this news, the Company’s share price fell $1.63, or 17%, to close at $8.00 per share on August 17, 2021.
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