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Lordstown Motors debtors give operating results for January
By Sarah Lizee
Olympia, Wash., Feb. 29 – Lordstown Motors Corp. reported a $3.66 million net loss for January on zero gross income/sales, according to a monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
The cash balance at the end of the month was zero.
Meanwhile, the Lordstown EV Corp. debtor reported a $1.12 million net income for January on zero gross income/sales. The cash balance at the end of the month was $82.87 million.
The Lordstown EV Sales LLC debtor reported zero net income, gross income/sales and cash for January.
The Lordstown, Ohio-based electric vehicle maker filed Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on June 27, 2023 under case number 23-10831.
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