The Quebec electric-van and -bus maker posted a $37.5-million profit, up from a loss of $178.5 million in its second quarter of 2021. It delivered 105 vehicles, compared with 61 in the same period last year. (The Logic)

Talking point: “As the supply chain continues to improve, so does the pace of our deliveries,” said CEO Marc Bédard in a conference call with analysts, crediting a “more stable manufacturing rhythm” that boosted deliveries to record highs. But the company’s results also benefitted from smaller warrant obligations, which it owes to its special-purpose-acquisition company investors and certain customers like Amazon. The decline in warrant obligations reflect a “decrease in the market price of Lion equity as compared to the previous valuations,” the company said.