Q: Hi, Could you please comment on LEV earnings. Thank you
5i Research Answer:
Sale of $54.7M were slightly ahead of estimates. EBITDA loss of $14.5M was slightly worse. LEV made 220 deliveries, up 26% sequentially and up 162% from last year. Debt remains very high at $167M (net) and 12-month cash flow was negative $123M. Plenty of risks remain here, but we would consider the results OK overall.