Lion Historical Income Statement
| LEV Stock | CAD 0.35 0.13 27.08% |
Historical analysis of Lion Electric income statement accounts such as Selling General Administrative of 43.9 M can show how well Lion Electric Corp performed in making a profits. Evaluating Lion Electric income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Lion Electric's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Lion Electric Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Lion Electric Corp is a good buy for the upcoming year.
Lion |
About Lion Income Statement Analysis
Lion Electric Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Lion Electric shareholders. The income statement also shows Lion investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Lion Electric Income Statement Chart
Add Fundamental
Total Revenue
Total revenue comprises all receipts Lion Electric Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Lion Electric Corp. It is also known as Lion Electric overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Lion Electric's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Lion Electric Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lion Electric Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Lion Electric's Net Income Applicable To Common Shares is very stable compared to the past year. As of the 21st of December 2024, Reconciled Depreciation is likely to grow to about 27.4 M, while Selling General Administrative is likely to drop about 43.9 M.
| 2021 | 2023 | 2024 (projected) | Depreciation And Amortization | 5.3M | 26.1M | 27.4M | Interest Income | 7.5M | 8.6M | 9.0M |
Lion Electric income statement Correlations
Click cells to compare fundamentals
Lion Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lion Electric income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.2M | 2.7M | 5.3M | 11.5M | 26.1M | 27.4M | |
| Interest Expense | 1.4M | 3.9M | 6.5M | 955.4K | 14.9M | 15.6M | |
| Selling General Administrative | 2.9M | 59.9M | 78.4M | 44.8M | 51.5M | 43.9M | |
| Selling And Marketing Expenses | 5.9M | 15.7M | 27.7M | 23.0M | 19.7M | 17.6M | |
| Total Revenue | 30.9M | 23.4M | 57.7M | 139.9M | 253.5M | 266.2M | |
| Gross Profit | 10.1M | 3.1M | 45.5K | (12.9M) | (5.5M) | (5.2M) | |
| Other Operating Expenses | 29.7M | 95.9M | 163.8M | 220.7M | 330.1M | 346.7M | |
| Operating Income | 1.1M | (72.5M) | (106.1M) | (80.8M) | (114.1M) | (108.4M) | |
| Ebit | (1.6M) | (77.3M) | (107.9M) | (80.8M) | (79.6M) | (83.6M) | |
| Ebitda | (419.5K) | (74.6M) | (102.6M) | (69.3M) | (53.6M) | (56.2M) | |
| Cost Of Revenue | 20.8M | 20.3M | 57.7M | 152.9M | 259.0M | 272.0M | |
| Total Operating Expenses | 9.0M | 75.7M | 106.1M | 67.8M | 71.1M | 62.1M | |
| Income Before Tax | (3.1M) | (97.4M) | (43.3M) | 17.8M | (103.8M) | (98.6M) | |
| Total Other Income Expense Net | (4.2M) | (24.8M) | 62.8M | 98.5M | (9.2M) | (8.8M) | |
| Net Income Applicable To Common Shares | (3.1M) | (97.4M) | (43.3M) | 17.8M | 20.4M | 21.5M | |
| Net Income | (3.1M) | (101.2M) | (49.9M) | 117.3M | (103.8M) | (98.6M) |
Pair Trading with Lion Electric
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lion Electric position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lion Electric will appreciate offsetting losses from the drop in the long position's value.Moving together with Lion Stock
Moving against Lion Stock
| 0.91 | RBA | Ritchie Bros Auctioneers | PairCorr |
| 0.9 | Y | Yellow Pages Limited | PairCorr |
| 0.86 | DAY | Dayforce | PairCorr |
| 0.86 | EIT-UN | Canoe EIT Income | PairCorr |
| 0.85 | TCS | TECSYS Inc | PairCorr |
The ability to find closely correlated positions to Lion Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lion Electric when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lion Electric - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lion Electric Corp to buy it.
The correlation of Lion Electric is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lion Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lion Electric Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lion Electric can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lion Electric Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.