Private company

Lightning eMotors, Inc.

American motor vehicles and passenger car bodies company based in Loveland2

In its 2023 annual report the company says: “We are a leading designer and manufacturer of zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Our product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances and electric powertrains for school buses, transit buses and motorcoaches. Our product solutions help our customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.”48

Last updated Oct 20, 2026.

Overview

  • IndustryMotor Vehicles & Passenger Car Bodies2
  • HeadquartersLoveland, United States2
  • Incorporated inDE3
  • Business address815 14Th Street Sw, Suite A100, Loveland, Co 805373
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • LEI549300JQ9U3NF5XD5A712
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 78332082

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-48.5%Gross margin4
-299.4%Operating margin4
62.1%Net margin4
16.3%Revenue growth, 20224
27.8%Return on equity4
1.14×Debt to equity4
-$112.4MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue28¢$36.3M
  • Research and development8¢$9.6M
  • Selling, general and admin40¢$51.6M
  • Interest12¢$15.0M
  • Profit12¢$15.2M

Out of $24.4M in revenue.4

Financial statements

Revenue54$24.4M in 2022+169% since 2020
0$10.0M$20.0M$30.0M2020: $9.1M$9.1M20202021: $21.0M$21.0M2021+131%2022: $24.4M$24.4M2022+16%
Gross profit54-$11.8M in 2022+492% since 2020
-$15.0M-$10.0M-$5.0M02020: -$2.0M-$2.0M20202021: -$5.3M-$5.3M2021+165%2022: -$11.8M-$11.8M2022+123%
Operating income54-$73.1M in 2022+431% since 2020
-$80.0M-$60.0M-$40.0M-$20.0M02020: -$13.8M-$13.8M20202021: -$51.2M-$51.2M2021+272%2022: -$73.1M-$73.1M2022+43%
Net income54$15.2M in 2022
-$150.0M-$100.0M-$50.0M0$50.0M2020: -$37.7M-$37.7M20202021: -$100.8M-$100.8M2021+168%2022: $15.2M$15.2M2022
Fiscal year2019202020212022
Revenue$9.1M5$21.0M4$24.4M4
Cost of revenue$11.1M5$26.3M4$36.3M4
Gross profit-$2.0M5-$5.3M4-$11.8M4
Research and development$1.3M5$3.1M4$9.6M4
Selling, general and admin$10.5M5$42.9M4$51.6M4
Operating expenses$45.9M4$61.3M4
Operating income-$13.8M5-$51.2M4-$73.1M4
Interest$3.0M5$13.4M4$15.0M4
Income tax$04$04
Net income-$37.7M5-$100.8M4$15.2M4
Earnings per share-$1.674$0.204
Earnings per share (diluted)-$1.674$0.164
Shares (weighted, basic)60.3M shares477.1M shares4
Shares (weighted, diluted)60.3M shares485.6M shares4

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Corporate structure

Lightning eMotors, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Lightning eMotors, Inc.

  • Rawlinson & Hunter Ltd Filed SC 13G/A on Lightning eMotors, Inc., latest Jul 3, 2024 (2 filings since Sep 8, 2023)
  • Ionic Capital Management LLC Filed SC 13G/A on Lightning eMotors, Inc., latest Feb 14, 2024 (3 filings since Feb 14, 2022)
  • International Co Management Ltd Filed SC 13G/A on Lightning eMotors, Inc., latest Sep 8, 2023 (2 filings since Jul 21, 2023)
  • Rosella Holdings Ltd Filed SC 13G/A on Lightning eMotors, Inc., latest Jul 21, 2023 (2 filings since Nov 21, 2022)
  • Robert Fenwick-Smith Filed SC 13D/A on Lightning eMotors, Inc., latest Feb 15, 2022
  • Lightning eMotors, Inc. Loveland, Colorado, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lightning eMotors, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$14.2M4 Dec 31, 2022$6.9M4 Dec 31, 2021+105.6%
Accumulated depreciation$2.7M4 Dec 31, 2022$2.0M4 Dec 31, 2021+33.5%
Property and equipment, net$11.5M4 Dec 31, 2022$4.9M4 Dec 31, 2021+135.5%
Finance-lease assets$893.0K4 Dec 31, 2022$208.0K4 Dec 31, 2021+329.3%
Operating-lease assets (leased space)$7.7M4 Dec 31, 2022$8.7M4 Dec 31, 2021−11.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$56.0M4 Dec 31, 2022$168.5M4 Dec 31, 2021−66.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$04 Dec 31, 2022$05 Dec 31, 2021

Inventory

ItemLatestA year beforeChange
Inventory, total$47.1M4 Dec 31, 2022$14.6M4 Dec 31, 2021+221.9%
Work in process$3.4M4 Dec 31, 2022$3.0M4 Dec 31, 2021+12.7%
Finished goods$12.9M4 Dec 31, 2022$840.0K4 Dec 31, 2021+1441.2%

Leadership

Who has led Lightning eMotors, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Timothy Richard Reeser2021–2023

Chief financial officer

  1. Walter Bradford Weightman2020
  2. Teresa Covington2021–2022
  3. David Agatston2022
2025
Board members and other officers (14)

Former names

  • GigCapital3, Inc.Feb 25, 2020 to May 7, 20213

Timeline

  1. Feb 28, 20248-K Bankruptcy or receivership; Completed an acquisition or sale26
  2. Jan 26, 20248-K Entered a material agreement; Regulation FD disclosure27
  3. Jan 12, 20248-K Other events28
  4. Jan 10, 20248-K Change of auditor29
  5. Dec 18, 20238-K Bankruptcy or receivership; Debt or obligation accelerated; Executive or director change30
  6. Dec 14, 20238-K Bankruptcy or receivership; Debt or obligation accelerated31
  7. Nov 20, 20238-K Results of operations32
  8. Oct 5, 20238-K Results of operations; Regulation FD disclosure33
  9. Sep 19, 20238-K Entered a material agreement; Listing notice or transfer34
  10. Sep 1, 20238-K Listing notice or transfer; Regulation FD disclosure35
  11. Aug 28, 20238-K Shareholder vote36
  12. Aug 14, 20238-K Results of operations37
  13. May 10, 2021New chief executive Timothy Richard Reeser becomes CEO9
  14. Feb 3, 2020Founded Lightning eMotors, Inc. is founded2

Calendar

When it reported results

  1. Nov 20, 2023Reported quarterly or annual results32
  2. Oct 5, 2023Reported quarterly or annual results33
  3. Aug 14, 2023Reported quarterly or annual results37
  4. Jul 10, 2023Reported quarterly or annual results38
  5. May 17, 2023Reported quarterly or annual results39
  6. Apr 6, 2023Reported quarterly or annual results40
  7. Mar 13, 2023Reported quarterly or annual results41
  8. Jan 10, 2023Reported quarterly or annual results42

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

151 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 44 major events, 48 insider forms, 10 large holders, 40 other. The latest 20:

  1. Jul 3, 2024SC 13G/A EDGAR
  2. Feb 28, 20248-K EDGAR
  3. Feb 14, 2024SC 13G/A AMENDMENT NO. 2 EDGAR
  4. Jan 26, 20248-K EDGAR
  5. Jan 18, 2024144 EDGAR
  6. Jan 12, 20248-K EDGAR
  7. Jan 10, 20248-K EDGAR
  8. Dec 18, 20238-K EDGAR
  9. Dec 14, 20238-K EDGAR
  10. Nov 22, 20234 EDGAR
  11. Nov 20, 202310-Q EDGAR
  12. Nov 20, 20238-K EDGAR
  13. Nov 14, 2023NT 10-Q EDGAR
  14. Oct 5, 20238-K EDGAR
  15. Sep 19, 20238-K EDGAR
  16. Sep 8, 2023SC 13G/A EDGAR
  17. Sep 8, 2023SC 13G EDGAR
  18. Sep 1, 20238-K EDGAR
  19. Aug 29, 20234 EDGAR
  20. Aug 28, 20238-K EDGAR

The 151 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 0 buys and 9 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 11, 2022Rosella Holdings Ltd10% ownerSale1,300,000$1.10$1.4MForm 4
Sep 7, 2022International Co Management Ltd10% ownerSale570,563$2.10$1.2MForm 4
Aug 23, 2022Rosella Holdings Ltd10% ownerSale466,574$2.53$1.2MForm 4
Aug 17, 2022International Co Management Ltd10% ownerSale1,169,921$2.90$3.4MForm 4
Aug 16, 2022International Co Management Ltd10% ownerSale91,035$3.42$311.3KForm 4
Aug 15, 2022International Co Management Ltd10% ownerSale158,947$3.53$561.1KForm 4
Aug 12, 2022International Co Management Ltd10% ownerSale287,130$3.70$1.1MForm 4
Jun 9, 2022International Co Management Ltd10% ownerSale29,698$3.49$103.6KForm 4
Jun 9, 2022Portman Welbeck Ltd10% ownerSale29,698$3.49$103.6KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Lightning eMotors, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLightning eMotors, Inc.1
  • CIK0001802749
  • Employer ID (EIN)84-46057141
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3711 Motor Vehicles & Passenger Car Bodies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address815 14Th Street Sw, Suite A100, Loveland, CO 805371
  • Phone1-800-223-07401
  • Shares outstanding6,593,516 as of Nov 17, 20238
  • Public float$107.7M as of Jun 30, 20224
  • On EDGAR sinceFeb 25, 20201
  • Filings287 in all: 4 (68), 8-K (61), 3 (22), 424B3 (17), 425 (16), 10-Q (11), CORRESP (9), SC 13G/A (8)1
    All 34 form types

    EFFECT (7), SC 13G (7), S-1/A (6), UPLOAD (6), DEF 14A (5), DEFA14A (5), 424B5 (4), 10-K (3), 4/A (3), POS AM (3), S-4/A (3), S-8 (3), 25-NSE (2), 8-K/A (2), NT 10-Q (2), PRE 14A (2), S-1 (2), SC 13D (2), 144 (1), 3/A (1), 424B4 (1), 8-A12B (1), CERT (1), S-3 (1), S-4 (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2023
    Quarterly report (10-Q) Nov 20, 2023
    Proxy statement (DEF 14A) Jul 13, 2023
    Latest 8-K (8-K) Feb 28, 2024

Sources

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    SEC EDGAROther events
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