Lordstown Motors
in addition to the results provided in accordance with accounting principles generally accepted in the this presentation includes non measures including adjusted operating loss income adjusted and adjusted a to present operating results on an adjusted basis to eliminate the impact of the closing of the apa net realizable value adjustments impairment and litigation accrual as management believes these affect the comparability or underlying business trends between quarters the table below provides a reconciliation of operating loss income and a the most directly comparable financial measures calculated and presented in accordance with to adjusted operating loss and adjusted a respectively the company believes that these non measures when reviewed in conjunction with financial measures can provide more information to assist investors in evaluating historical trends and the current period performance items may be excluded from financial measures when the company believes this provides useful supplementary information to management and investors in assessing the operating performance of our business however the company inclusion of these adjusted measures should not be construed as an indication that its future results will be unaffected by unusual or infrequent items or that the items for which it has made adjustments are unusual or infrequent or will not recur a non financial measure should be considered in addition to and not as superior to or as a substitute for the financial measures presented in this earnings release and the company condensed consolidated financial statements and other publicly filed reports in addition any non financial measure the company provides may not be the same as or comparable to similar non measures presented by other companies | Lordstown Motors
Company
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Sector
Industry
Deck date
March 2023
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3 of 19
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Results
August 2022
earnings release non financial measures in addition to the results provided in accordance with accounting principles generally accepted in the this release includes a non measure referred to as core operating expenses to present operating results on an adjusted basis to eliminate the impact of the closing of the apa the table below provides a reconciliation of operating expenses income the most directly comparable financial measure calculated and presented in accordance with to the presented non financial measure the company believes that core operating expenses when reviewed in conjunction with financial measures can provide more information to assist investors in evaluating historical trends and the current period performance items may be excluded from financial measures when the company believes this provides useful supplementary information to management and investors in assessing the operating performance of our business however the company inclusion of these adjusted measures should not be construed as an indication that its future results will be unaffected by unusual or infrequent items or that the items for which it has made adjustments are unusual or infrequent or will not recur a non financial measure should be considered in addition to and not as superior to or as a substitute for the financial measures presented in this earnings release and the company condensed consolidated financial statements and other publicly filed reports in addition any non financial measure the company provides may not be the same as or comparable to similar non measures presented by other companies | Lordstown Motors
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