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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
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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.已回覆2024年4月19日證券交易委員會(SEC)的評論信,該信涉及公司截至2023年12月31日財政年度的10-K表格的財務披露,包括庫存減值、交易承諾和相關方交易。Lucid報告了2023年庫存減值和從交易承諾的損失顯著增加,共計3.574億美元,歸因於平均銷售價格下跌、庫存餘額增加和庫存陳舊不堪。該公司承諾在未來的申報中擴大其披露範圍,以提供有關這些數字的其他洞察,並包括決定過剩或陳舊庫存允許額度時使用的重要假設。Lucid還將根據SEC的指導,增強有關收入認列政策和分段報告的披露。公司的暫代CFO Gagan Dhingra確認Lucid對其披露的準確性負責並表示願意協助SEC加快審核過程。
Lucid Group, Inc.已回覆2024年4月19日證券交易委員會(SEC)的評論信,該信涉及公司截至2023年12月31日財政年度的10-K表格的財務披露,包括庫存減值、交易承諾和相關方交易。Lucid報告了2023年庫存減值和從交易承諾的損失顯著增加,共計3.574億美元,歸因於平均銷售價格下跌、庫存餘額增加和庫存陳舊不堪。該公司承諾在未來的申報中擴大其披露範圍,以提供有關這些數字的其他洞察,並包括決定過剩或陳舊庫存允許額度時使用的重要假設。Lucid還將根據SEC的指導,增強有關收入認列政策和分段報告的披露。公司的暫代CFO Gagan Dhingra確認Lucid對其披露的準確性負責並表示願意協助SEC加快審核過程。
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