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Lucid Group | CORRESP: CORRESP

Lucid Group | CORRESP: CORRESP

Lucid Group | CORRESP：信函
美股SEC公告 ·  05/03 09:18

Moomoo AI 已提取核心信息

Lucid Group, Inc. has responded to a comment letter from the Securities and Exchange Commission (SEC) dated April 19, 2024, regarding the company's Form 10-K for the fiscal year ended December 31, 2023. The SEC's inquiries pertained to Lucid's financial disclosures, including inventory write-downs, firm purchase commitments, and related party transactions. Lucid reported a significant increase in inventory write-downs and losses from firm purchase commitments, amounting to $357.4 million for 2023, attributed to decreased average selling prices, increased inventory balances, and inventory obsolescence. The company has committed to expanding its disclosures in future filings to provide additional insights into these figures and to include material assumptions used in determining allowances for excess or obsolete inventory. Lucid will also enhance disclosures on revenue recognition policies and segment reporting as per the SEC's guidance. The company's interim CFO, Gagan Dhingra, confirmed Lucid's responsibility for the accuracy of its disclosures and expressed readiness to assist the SEC in expediting the review process.
Lucid Group, Inc. has responded to a comment letter from the Securities and Exchange Commission (SEC) dated April 19, 2024, regarding the company's Form 10-K for the fiscal year ended December 31, 2023. The SEC's inquiries pertained to Lucid's financial disclosures, including inventory write-downs, firm purchase commitments, and related party transactions. Lucid reported a significant increase in inventory write-downs and losses from firm purchase commitments, amounting to $357.4 million for 2023, attributed to decreased average selling prices, increased inventory balances, and inventory obsolescence. The company has committed to expanding its disclosures in future filings to provide additional insights into these figures and to include material assumptions used in determining allowances for excess or obsolete inventory. Lucid will also enhance disclosures on revenue recognition policies and segment reporting as per the SEC's guidance. The company's interim CFO, Gagan Dhingra, confirmed Lucid's responsibility for the accuracy of its disclosures and expressed readiness to assist the SEC in expediting the review process.
Lucid Group, Inc.已回复了证券交易所（SEC）于2024年4月19日的一封评论信，涉及公司截至2023年12月31日的Form 10-K。SEC的询问涉及Lucid的财务披露，包括库存减记、实体购买承诺和关联方交易。Lucid报告称，2023年库存减值和实体购买承诺损失显著增加，金额为3.574亿美元，归因于平均售价下降、库存余额增加和库存过时。该公司承诺在未来的提交中扩大其披露，以提供有关这些数字的进一步见解，并包括用于确定过剩或过时库存的核算假设。Lucid还将根据SEC的指导加强有关收入确认政策和业务部门报告的披露。公司的代理CFO Gagan Dhingra确认Lucid对其披露的准确性负责，并表示愿意协助SEC加速审核过程。
Lucid Group, Inc.已回复了证券交易所（SEC）于2024年4月19日的一封评论信，涉及公司截至2023年12月31日的Form 10-K。SEC的询问涉及Lucid的财务披露，包括库存减记、实体购买承诺和关联方交易。Lucid报告称，2023年库存减值和实体购买承诺损失显著增加，金额为3.574亿美元，归因于平均售价下降、库存余额增加和库存过时。该公司承诺在未来的提交中扩大其披露，以提供有关这些数字的进一步见解，并包括用于确定过剩或过时库存的核算假设。Lucid还将根据SEC的指导加强有关收入确认政策和业务部门报告的披露。公司的代理CFO Gagan Dhingra确认Lucid对其披露的准确性负责，并表示愿意协助SEC加速审核过程。
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