NVDA
NVIDIA
-- 115.430 TSLA
Tesla
-- 225.310 INTC
Intel
-- 25.920 PLTR
Palantir
-- 83.890 GOOGL
Alphabet-A
-- 160.670 
NEWS
Faraday Future Announces Fiscal Fourth Quarter and Full Year 2023 Financial Results
Positive
First-year revenue: $0.8 million in 2023.
Operating losses reduced to $286 million from $437 million in 2022.
Operating expenses significantly reduced to $244 million from $437 million.
Net loss improved to $432 million from $602 million.
Total assets increased to $531 million from $529 million.
Total liabilities reduced to $302 million from $328 million.
Net cash used in operating activities decreased to $278 million from $383 million.
Capital expenditures down to $31 million from $123 million.
Pursuit of additional strategic investors to support future growth.
Negative
Revenue of only $0.8 million compared to $43 million cost of goods sold.
Cash balance dropped to $4 million from $17 million.
Withdrawing production target guidance for 2024.
Net loss remains high at $432 million.
Cash position remains weak at approximately $5 million as of May 23, 2024.
First-year revenue: $0.8 million in 2023.
Operating losses reduced to $286 million from $437 million in 2022.
Operating expenses significantly reduced to $244 million from $437 million.
Net loss improved to $432 million from $602 million.
Total assets increased to $531 million from $529 million.
Total liabilities reduced to $302 million from $328 million.
Net cash used in operating activities decreased to $278 million from $383 million.
Capital expenditures down to $31 million from $123 million.
Pursuit of additional strategic investors to support future growth.
Negative
Revenue of only $0.8 million compared to $43 million cost of goods sold.
Cash balance dropped to $4 million from $17 million.
Withdrawing production target guidance for 2024.
Net loss remains high at $432 million.
Cash position remains weak at approximately $5 million as of May 23, 2024.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
72779455 : what's ur take? are u in?
Jaguar8 OP 72779455 : Might not take it