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    Daniel Lai

    Vice President and Equity Research Analyst at Barclays

    Daniel Lai is a Vice President and Equity Research Analyst at Barclays, specializing in coverage of the internet and digital media sector. He provides in-depth research and investment recommendations on major companies such as Alphabet, Meta Platforms, Amazon, and Netflix, with a performance record that places him in the top ranks for forecast accuracy and investor returns according to platforms like TipRanks. Lai began his career at Barclays in 2018 after previously holding research positions at Citigroup and J.P. Morgan, and has developed a reputation for actionable insights and sector expertise. He is FINRA-registered and holds the Series 7, Series 63, and Series 86/87 securities licenses.

    Daniel Lai's questions to LEV leadership

    Daniel Lai's questions to LEV leadership • Q1 2024

    Question

    The analyst asked for clarification on the Q1 gross margin dynamics, including the impact of new product launches, and inquired about the recent workforce reduction and the company's comfort with its current headcount.

    Answer

    The negative gross margin in Q1 was attributed to low volumes and initial costs from launching the Lion5, LionD, and in-house batteries, with volatility expected to continue in the short term. The company is comfortable with its current headcount after rightsizing, which primarily affected overhead and was a necessary adaptation to subsidy delays. The focus is now on execution and reaching positive EBITDA and free cash flow.

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