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Strong consumer demand and $5.4 billion of cash on hand
KEY Figures:
● Revenue of $57.7M driven by customer deliveries of 360 vehicles in Q1 2022
● Net loss was $81.3 million and decreased 92.3% Q/Q
● Cash and Cash Equivalents was $5.39B and decreased 13.9% Q/Q
● R&D expense was $186.1 million in line with the consensus estimate.
More statistics:
KEY Points:
● Strong consumer demand for Lucid Air with reservations exceeding 30,000 as of May 2022, reflecting pote...
KEY Figures:
● Revenue of $57.7M driven by customer deliveries of 360 vehicles in Q1 2022
● Net loss was $81.3 million and decreased 92.3% Q/Q
● Cash and Cash Equivalents was $5.39B and decreased 13.9% Q/Q
● R&D expense was $186.1 million in line with the consensus estimate.
More statistics:
KEY Points:
● Strong consumer demand for Lucid Air with reservations exceeding 30,000 as of May 2022, reflecting pote...
![Lucid Q1 2022 Earnings Highlights](https://ussnsimg.moomoo.com/1651921018513.png)
![Lucid Q1 2022 Earnings Highlights](https://ussnsimg.moomoo.com/1651921019934.png)
![Lucid Q1 2022 Earnings Highlights](https://ussnsimg.moomoo.com/1651921018749.png)
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