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YangLim
2021-06-20
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Can Corsair Gaming Be the Nike of Esports?
YangLim
2021-06-17
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BlackRock Inc Sold H-Shares In China Galaxy Securities On June 15 - HKEX Filing
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2021-06-17
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2021-06-17
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Lordstown Motors says it has no binding purchase orders from customers
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19:55","market":"us","language":"en","title":"Can Corsair Gaming Be the Nike of Esports?","url":"https://stock-news.laohu8.com/highlight/detail?id=2144757377","media":"Motley Fool","summary":"The company provides high-performance gear to video game players and esports professionals.","content":"<p>Video games are <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest industries worldwide. With an estimated $157 billion in global spending last year that is projected to reach almost $300 billion by 2027, there are tons of investment opportunities lurking within the gaming space.</p>\n<p>One of these opportunities may be <b>Corsair Gaming</b> (NASDAQ:CRSR), a company that just went public last fall and aims to become <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the premier gaming equipment and gear brands, similar to what <b>Nike</b> (NYSE:NKE) has done within the traditional sports market. Does Corsair Gaming have the chops to be the Nike of video games? Let's take a look.</p>\n<h2>What is Corsair Gaming?</h2>\n<p>Founded in 1994, Corsair started out selling high-end gaming PCs and hardware. This operating segment, which it calls gaming components and systems, is still the majority of the company's revenue, generating $353.5 million of its $529.4 million in sales last quarter. Corsair sells high-performance PCs to hardcore gamers, most of which sell for more than $2,000 apiece.</p>\n<p>While its legacy business is components and systems, Corsair is investing heavily into what it calls gaming and creator peripherals. This is mainly gaming and live streaming accessories like microphones, headsets, keyboards, and chairs. This segment generated $175.9 million in sales last quarter, up from $75.9 million a year ago. That is 132% year-over-year revenue growth for this segment.</p>\n<p>Corsair is also making multiple acquisitions to bolster its fastest-growing operating segment. One company it just acquired, Elgato, is a top brand for live stream equipment and software. Seeing as live streaming is huge among the gaming community, Elgato should fit perfectly among Corsair's product portfolio.</p>\n<p>Late last year, Corsair acquired Gamer Sensei, the world's biggest esports coaching service. Like Elgato, Gamer Sensei is an easy upsell for Corsair customers, as many are likely already aspiring esports professionals.</p>\n<h2>How Corsair can follow the Nike playbook</h2>\n<p>The problem with Corsair is that, when you get down to it, a lot of what it and its competitors sell are commodity products. This means that Corsair needs to differentiate itself in other ways in order to attract customers, like with design or a quality brand. A great comparison, and possible inspiration for Corsair's advertising strategy, would be Nike's playbook that helped it dominate the athletic shoe and apparel market.</p>\n<p>For decades, Nike has paid billions of dollars to famous athletes and sports teams to make sure they exclusively wear Nike products when performing in front of millions of fans. For example, it is rumored the company's lifetime contract with NBA star Lebron James is worth more than $1 billion. At first glance, this may seem like wasteful spending, but Nike gets a great return on these athlete contracts because it convinces millions of other people to spend $100 or more on a pair of Nike shoes.</p>\n<p>Corsair can differentiate itself from other gaming equipment brands by using a similar strategy of paying famous gamers and esports athletes to exclusively use and wear Corsair products. It is already moving in this direction, with a few esports teams under its umbrella and a streamer program where people can apply to get free gear and discounts. However, the company has a lot more levers it could pull on this front. For example, it could sign top Twitch streamers to multi-year sponsorship deals, fitting them exclusively with Corsair gear. It could also go a step further by partnering with these top streamers to build custom gear, similar to what Nike does with NBA players and shoes. I'm no expert on the game streaming market, but if someone like Ninja (one of the most popular Twitch streamers) came out with a customer Corsair product it would likely do very well.</p>\n<h2>The stock trades at a reasonable valuation</h2>\n<p>As of this writing, Corsair has a market cap of $3 billion. With $1.92 billion in trailing 12-month revenue, that gives the stock a price-to-sales ratio (P/S) of 1.56. And with $185.5 million in free cash flow over the past 12 months, its price-to-free-cash-flow (P/FCF) is around 16.2.</p>\n<p>Both these metrics are cheap relative to the overall market, indicating that investors are not that confident in Corsair's prospects going forward. Management is only guiding for $1.9 billion to $2.1 billion in revenue in 2021, which may be spooking investors a bit as that would be a big slowdown in growth. But if you have a long-term time horizon and think Corsair can be a dominant brand in one of the world's fastest-growing industries, a market cap of only $3 billion may look like a steal five or 10 years from now.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can Corsair Gaming Be the Nike of Esports?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Corsair Gaming Be the Nike of Esports?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 19:55 GMT+8 <a href=https://www.fool.com/investing/2021/06/18/can-corsair-gaming-be-the-nike-of-esports/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Video games are one of the largest industries worldwide. With an estimated $157 billion in global spending last year that is projected to reach almost $300 billion by 2027, there are tons of ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/18/can-corsair-gaming-be-the-nike-of-esports/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克","CRSR":"Corsair Gaming, Inc."},"source_url":"https://www.fool.com/investing/2021/06/18/can-corsair-gaming-be-the-nike-of-esports/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144757377","content_text":"Video games are one of the largest industries worldwide. With an estimated $157 billion in global spending last year that is projected to reach almost $300 billion by 2027, there are tons of investment opportunities lurking within the gaming space.\nOne of these opportunities may be Corsair Gaming (NASDAQ:CRSR), a company that just went public last fall and aims to become one of the premier gaming equipment and gear brands, similar to what Nike (NYSE:NKE) has done within the traditional sports market. Does Corsair Gaming have the chops to be the Nike of video games? Let's take a look.\nWhat is Corsair Gaming?\nFounded in 1994, Corsair started out selling high-end gaming PCs and hardware. This operating segment, which it calls gaming components and systems, is still the majority of the company's revenue, generating $353.5 million of its $529.4 million in sales last quarter. Corsair sells high-performance PCs to hardcore gamers, most of which sell for more than $2,000 apiece.\nWhile its legacy business is components and systems, Corsair is investing heavily into what it calls gaming and creator peripherals. This is mainly gaming and live streaming accessories like microphones, headsets, keyboards, and chairs. This segment generated $175.9 million in sales last quarter, up from $75.9 million a year ago. That is 132% year-over-year revenue growth for this segment.\nCorsair is also making multiple acquisitions to bolster its fastest-growing operating segment. One company it just acquired, Elgato, is a top brand for live stream equipment and software. Seeing as live streaming is huge among the gaming community, Elgato should fit perfectly among Corsair's product portfolio.\nLate last year, Corsair acquired Gamer Sensei, the world's biggest esports coaching service. Like Elgato, Gamer Sensei is an easy upsell for Corsair customers, as many are likely already aspiring esports professionals.\nHow Corsair can follow the Nike playbook\nThe problem with Corsair is that, when you get down to it, a lot of what it and its competitors sell are commodity products. This means that Corsair needs to differentiate itself in other ways in order to attract customers, like with design or a quality brand. A great comparison, and possible inspiration for Corsair's advertising strategy, would be Nike's playbook that helped it dominate the athletic shoe and apparel market.\nFor decades, Nike has paid billions of dollars to famous athletes and sports teams to make sure they exclusively wear Nike products when performing in front of millions of fans. For example, it is rumored the company's lifetime contract with NBA star Lebron James is worth more than $1 billion. At first glance, this may seem like wasteful spending, but Nike gets a great return on these athlete contracts because it convinces millions of other people to spend $100 or more on a pair of Nike shoes.\nCorsair can differentiate itself from other gaming equipment brands by using a similar strategy of paying famous gamers and esports athletes to exclusively use and wear Corsair products. It is already moving in this direction, with a few esports teams under its umbrella and a streamer program where people can apply to get free gear and discounts. However, the company has a lot more levers it could pull on this front. For example, it could sign top Twitch streamers to multi-year sponsorship deals, fitting them exclusively with Corsair gear. It could also go a step further by partnering with these top streamers to build custom gear, similar to what Nike does with NBA players and shoes. I'm no expert on the game streaming market, but if someone like Ninja (one of the most popular Twitch streamers) came out with a customer Corsair product it would likely do very well.\nThe stock trades at a reasonable valuation\nAs of this writing, Corsair has a market cap of $3 billion. With $1.92 billion in trailing 12-month revenue, that gives the stock a price-to-sales ratio (P/S) of 1.56. And with $185.5 million in free cash flow over the past 12 months, its price-to-free-cash-flow (P/FCF) is around 16.2.\nBoth these metrics are cheap relative to the overall market, indicating that investors are not that confident in Corsair's prospects going forward. Management is only guiding for $1.9 billion to $2.1 billion in revenue in 2021, which may be spooking investors a bit as that would be a big slowdown in growth. But if you have a long-term time horizon and think Corsair can be a dominant brand in one of the world's fastest-growing industries, a market cap of only $3 billion may look like a steal five or 10 years from now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161722518,"gmtCreate":1623941281534,"gmtModify":1634025528640,"author":{"id":"3577013736613175","authorId":"3577013736613175","name":"YangLim","avatar":"https://static.tigerbbs.com/72cdf92b7ea0a500f637b2d00c8e98f9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577013736613175","authorIdStr":"3577013736613175"},"themes":[],"htmlText":"..","listText":"..","text":"..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161722518","repostId":"2144438997","repostType":4,"repost":{"id":"2144438997","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"T-Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1623923136,"share":"https://www.laohu8.com/m/news/2144438997?lang=&edition=full","pubTime":"2021-06-17 17:45","market":"hk","language":"en","title":"BlackRock Inc Sold H-Shares In China Galaxy Securities On June 15 - HKEX Filing","url":"https://stock-news.laohu8.com/highlight/detail?id=2144438997","media":"T-Reuters","summary":"Hong Kong stock exchange filing:Blackrock Inc Sold 1.8 Mln H-Shares In China Galaxy Securities 6881.","content":"<p>Hong Kong stock exchange filing:Blackrock Inc Sold 1.8 Mln H-Shares In China Galaxy Securities 6881.Hk At Hk$4.65 ($0.5989) Per Share On June 15 - Hkex Filing.Blackrock Inc'S Long Position In China Galaxy Securities Falls To 4.96% From 5.01% - Hkex Filing.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlackRock Inc Sold H-Shares In China Galaxy Securities On June 15 - HKEX Filing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackRock Inc Sold H-Shares In China Galaxy Securities On June 15 - HKEX Filing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time\">2021-06-17 17:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Hong Kong stock exchange filing:Blackrock Inc Sold 1.8 Mln H-Shares In China Galaxy Securities 6881.Hk At Hk$4.65 ($0.5989) Per Share On June 15 - Hkex Filing.Blackrock Inc'S Long Position In China Galaxy Securities Falls To 4.96% From 5.01% - Hkex Filing.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LHDX":"Lucira Health, Inc.","06881":"中国银河","LABP":"Landos Biopharma, Inc.","CGEM":"Cullinan Therapeutics","APR":"Apria, Inc.","BLK":"贝莱德","SANA":"Sana Biotechnology, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144438997","content_text":"Hong Kong stock exchange filing:Blackrock Inc Sold 1.8 Mln H-Shares In China Galaxy Securities 6881.Hk At Hk$4.65 ($0.5989) Per Share On June 15 - Hkex Filing.Blackrock Inc'S Long Position In China Galaxy Securities Falls To 4.96% From 5.01% - Hkex Filing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161707020,"gmtCreate":1623939728660,"gmtModify":1634025568295,"author":{"id":"3577013736613175","authorId":"3577013736613175","name":"YangLim","avatar":"https://static.tigerbbs.com/72cdf92b7ea0a500f637b2d00c8e98f9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577013736613175","authorIdStr":"3577013736613175"},"themes":[],"htmlText":"..","listText":"..","text":"..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161707020","repostId":"1163629224","repostType":4,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161450182,"gmtCreate":1623938796146,"gmtModify":1634025594129,"author":{"id":"3577013736613175","authorId":"3577013736613175","name":"YangLim","avatar":"https://static.tigerbbs.com/72cdf92b7ea0a500f637b2d00c8e98f9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577013736613175","authorIdStr":"3577013736613175"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161450182","repostId":"2144749403","repostType":4,"repost":{"id":"2144749403","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623935011,"share":"https://www.laohu8.com/m/news/2144749403?lang=&edition=full","pubTime":"2021-06-17 21:03","market":"us","language":"en","title":"Lordstown Motors says it has no binding purchase orders from customers","url":"https://stock-news.laohu8.com/highlight/detail?id=2144749403","media":"Reuters","summary":"June 17 (Reuters) - Lordstown Motors , which recently raised concerns about its ability to remain in","content":"<p>June 17 (Reuters) - Lordstown Motors , which recently raised concerns about its ability to remain in business, said on Thursday it did not have any binding purchase orders or commitments from customers.</p>\n<p>The U-turn comes after President Rich Schmidt on Tuesday said at an Automotive Press Association event in Detroit the company had firm and binding orders for the first two years of production of its electric pickup truck.</p>\n<p>\"Although these vehicle purchase agreements provide us with a significant indicator of demand for the Endurance, these agreements do not represent binding purchase orders or other firm purchase commitments,\" the company said in a filing with the U.S. securities regulator.</p>\n<p>Shares of the company were down 5.3% in premarket trading.</p>\n<p>On Monday, just days after the company said it may not have enough money to stay in business over the next year, Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez resigned.</p>\n<p>The resignations followed the company's reports of conclusions from an internal investigation into claims made by short-seller Hindenburg. Hindenburg, which took a short position on Lordstown shares in March, alleged that the company had misled consumers and investors.</p>\n<p>Although, Lordstown declined Hindenburg's accusations of overstating the viability of its technology and misleading investors about production plans, it has acknowledged that it overstated the quality of pre-orders for its electric truck.</p>\n<p>In a filing on Thursday, the company said it pushed its annual meeting of stockholders until Aug. 19 from June 17. </p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lordstown Motors says it has no binding purchase orders from customers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLordstown Motors says it has no binding purchase orders from customers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 21:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 17 (Reuters) - Lordstown Motors , which recently raised concerns about its ability to remain in business, said on Thursday it did not have any binding purchase orders or commitments from customers.</p>\n<p>The U-turn comes after President Rich Schmidt on Tuesday said at an Automotive Press Association event in Detroit the company had firm and binding orders for the first two years of production of its electric pickup truck.</p>\n<p>\"Although these vehicle purchase agreements provide us with a significant indicator of demand for the Endurance, these agreements do not represent binding purchase orders or other firm purchase commitments,\" the company said in a filing with the U.S. securities regulator.</p>\n<p>Shares of the company were down 5.3% in premarket trading.</p>\n<p>On Monday, just days after the company said it may not have enough money to stay in business over the next year, Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez resigned.</p>\n<p>The resignations followed the company's reports of conclusions from an internal investigation into claims made by short-seller Hindenburg. Hindenburg, which took a short position on Lordstown shares in March, alleged that the company had misled consumers and investors.</p>\n<p>Although, Lordstown declined Hindenburg's accusations of overstating the viability of its technology and misleading investors about production plans, it has acknowledged that it overstated the quality of pre-orders for its electric truck.</p>\n<p>In a filing on Thursday, the company said it pushed its annual meeting of stockholders until Aug. 19 from June 17. </p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144749403","content_text":"June 17 (Reuters) - Lordstown Motors , which recently raised concerns about its ability to remain in business, said on Thursday it did not have any binding purchase orders or commitments from customers.\nThe U-turn comes after President Rich Schmidt on Tuesday said at an Automotive Press Association event in Detroit the company had firm and binding orders for the first two years of production of its electric pickup truck.\n\"Although these vehicle purchase agreements provide us with a significant indicator of demand for the Endurance, these agreements do not represent binding purchase orders or other firm purchase commitments,\" the company said in a filing with the U.S. securities regulator.\nShares of the company were down 5.3% in premarket trading.\nOn Monday, just days after the company said it may not have enough money to stay in business over the next year, Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez resigned.\nThe resignations followed the company's reports of conclusions from an internal investigation into claims made by short-seller Hindenburg. Hindenburg, which took a short position on Lordstown shares in March, alleged that the company had misled consumers and investors.\nAlthough, Lordstown declined Hindenburg's accusations of overstating the viability of its technology and misleading investors about production plans, it has acknowledged that it overstated the quality of pre-orders for its electric truck.\nIn a filing on Thursday, the company said it pushed its annual meeting of stockholders until Aug. 19 from June 17.","news_type":1},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":161450182,"gmtCreate":1623938796146,"gmtModify":1634025594129,"author":{"id":"3577013736613175","authorId":"3577013736613175","name":"YangLim","avatar":"https://static.tigerbbs.com/72cdf92b7ea0a500f637b2d00c8e98f9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577013736613175","authorIdStr":"3577013736613175"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161450182","repostId":"2144749403","repostType":4,"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164637518,"gmtCreate":1624199676534,"gmtModify":1634009561896,"author":{"id":"3577013736613175","authorId":"3577013736613175","name":"YangLim","avatar":"https://static.tigerbbs.com/72cdf92b7ea0a500f637b2d00c8e98f9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577013736613175","authorIdStr":"3577013736613175"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164637518","repostId":"2144757377","repostType":4,"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161722518,"gmtCreate":1623941281534,"gmtModify":1634025528640,"author":{"id":"3577013736613175","authorId":"3577013736613175","name":"YangLim","avatar":"https://static.tigerbbs.com/72cdf92b7ea0a500f637b2d00c8e98f9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577013736613175","authorIdStr":"3577013736613175"},"themes":[],"htmlText":"..","listText":"..","text":"..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161722518","repostId":"2144438997","repostType":4,"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161707020,"gmtCreate":1623939728660,"gmtModify":1634025568295,"author":{"id":"3577013736613175","authorId":"3577013736613175","name":"YangLim","avatar":"https://static.tigerbbs.com/72cdf92b7ea0a500f637b2d00c8e98f9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577013736613175","authorIdStr":"3577013736613175"},"themes":[],"htmlText":"..","listText":"..","text":"..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161707020","repostId":"1163629224","repostType":4,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
