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Nikola | 10-Q: Q3 2024 Earnings Report

Nikola | 10-Q: Q3 2024 Earnings Report

Nikola | 10-Q:2024財年三季報
美股SEC公告 ·  2024/10/31 23:05

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Nikola Corporation reported Q3 2024 financial results with total revenue of $25.2 million, up from negative $1.7 million in Q3 2023, driven by 88 FCEV and 2 BEV truck deliveries. Cost of revenues decreased 30% to $87.1 million. Net loss narrowed to $199.8 million from $425.8 million year-over-year, with operating loss improving to $178.8 million.The company continues to face liquidity challenges, with cash and cash equivalents of $198.3 million as of September 30, 2024. Management estimates current financial resources will only fund operations into Q1 2025. During Q3, Nikola recorded $33.4 million in impairment charges related to indefinite-lived intangible assets and goodwill due to sustained stock price decline.Strategic initiatives include the ongoing BEV truck recall retrofit program expected to complete in H1 2025, FCEV production ramp-up, and hydrogen infrastructure development. The company raised $80 million through convertible notes and $20.8 million through equity distribution in Q3. Management continues to focus on cost control and capital preservation while seeking additional funding sources.
Nikola Corporation reported Q3 2024 financial results with total revenue of $25.2 million, up from negative $1.7 million in Q3 2023, driven by 88 FCEV and 2 BEV truck deliveries. Cost of revenues decreased 30% to $87.1 million. Net loss narrowed to $199.8 million from $425.8 million year-over-year, with operating loss improving to $178.8 million.The company continues to face liquidity challenges, with cash and cash equivalents of $198.3 million as of September 30, 2024. Management estimates current financial resources will only fund operations into Q1 2025. During Q3, Nikola recorded $33.4 million in impairment charges related to indefinite-lived intangible assets and goodwill due to sustained stock price decline.Strategic initiatives include the ongoing BEV truck recall retrofit program expected to complete in H1 2025, FCEV production ramp-up, and hydrogen infrastructure development. The company raised $80 million through convertible notes and $20.8 million through equity distribution in Q3. Management continues to focus on cost control and capital preservation while seeking additional funding sources.
Nikola公司公佈了2024年第三季度的財務結果,總營業收入爲2520萬美元,高於2023年第三季度的負170萬美元,這得益於88輛FCEV和2輛BEV卡車的交付。營業成本減少了30%,降至8710萬美元。淨虧損從前年同期的42580萬美元收窄至19980萬美元,營業虧損改善至17880萬美元。該公司依然面臨流動性挑戰,截至2024年9月30日,現金及現金等價物爲19830萬美元。管理層估計,當前的財務資源僅能支持運營到2025年第一季度。在第三季度,Nikola因持續的股價下跌記錄了3340萬美元的無期限內無形資產和商譽減值損失。戰略舉措包括進行中的BEV卡車召回改造計劃,預計在2025年上半年完成,FCEV生產的快速提升,以及氫基礎設施的開發。公司通過可轉換債券融資8000萬美元,通過股權分配融資2080萬美元。管理層繼續專注於成本控制和資本保值,同時尋求額外的融資來源。
Nikola公司公佈了2024年第三季度的財務結果,總營業收入爲2520萬美元,高於2023年第三季度的負170萬美元,這得益於88輛FCEV和2輛BEV卡車的交付。營業成本減少了30%,降至8710萬美元。淨虧損從前年同期的42580萬美元收窄至19980萬美元,營業虧損改善至17880萬美元。該公司依然面臨流動性挑戰,截至2024年9月30日,現金及現金等價物爲19830萬美元。管理層估計,當前的財務資源僅能支持運營到2025年第一季度。在第三季度,Nikola因持續的股價下跌記錄了3340萬美元的無期限內無形資產和商譽減值損失。戰略舉措包括進行中的BEV卡車召回改造計劃,預計在2025年上半年完成,FCEV生產的快速提升,以及氫基礎設施的開發。公司通過可轉換債券融資8000萬美元,通過股權分配融資2080萬美元。管理層繼續專注於成本控制和資本保值,同時尋求額外的融資來源。
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