SG&A expenses for the full year 2024 were 42.5 million, a decrease of 13.1 million compared to 55.6 million in 2023. Lower SG&A expenses were primarily driven by 8.2 million decrease in employee compensation-related expenses due to lower headcount, decrease of 2 million in consulting expenses, a decrease in legal and professional expenses of 1.7 million, a decrease of 1.2 million in marketing expense, decrease in travel and entertainment expenses of $800,000 and lower corporate insurance of $600,000, partially offset by a $1.1 million increase in depreciation and IT-related expenses.

Mar 31, 2025 / receipt, needs a key / Bob Ganan, CFO | earnings call 2025-03-31 | transcript 87b31aa8-cf48-4c8f-88d8-05b16d610873 | chars 17032-17622 | segment 17

Driving Toward ICE-Comparable Pricing

ir_statement / Sep 17, 2026 / receipt

Enabled by initial merger synergies and BOM cost-down

ir_statement / Sep 17, 2026 / receipt

Building on proven W56 components and our cost-down engineering process

ir_statement / Sep 17, 2026 / receipt

Coupled with technically advanced, low-cost cab

ir_statement / Sep 17, 2026 / receipt

New Modular Lower Cost Chassis Architecture

ir_statement / Sep 17, 2026 / receipt

Continuing to actively evaluate financing alternatives to support the growth plan

ir_statement / Sep 17, 2026 / receipt

Deliveries expected to increase over 2026 as production ramps at Union City and pipeline converts

ir_statement / Sep 17, 2026 / receipt

Launching national customer support program

ir_statement / Sep 17, 2026 / receipt

Minimal additional CapEx required for breakeven

ir_statement / Sep 17, 2026 / receipt

Reducing BOM costs

ir_statement / Sep 17, 2026 / receipt

Cost discipline driving early synergy capture

ir_statement / Sep 17, 2026 / receipt

Motiv production line relocating to Union City, IN

ir_statement / Sep 17, 2026 / receipt