Troubled EV Maker Faraday Future Reveals Blueprint To Tackle Cash Crisis: 'Master Plan' Coming On Investor Day
Troubled EV Maker Faraday Future Reveals Blueprint To Tackle Cash Crisis: 'Master Plan' Coming On Investor Day
Cash-strapped electric vehicle startup Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) unveiled a "master plan" on Monday aimed at achieving financial stability without an overreliance on external funding.
資金緊張的電動汽車初創公司法拉第未來智慧電氣公司納斯達克(Sequoia Capital：FFIE)週一公佈了一項旨在實現金融穩定而不過度依賴外部資金的《總體規劃》。
What Happened: This plan primarily focuses on cost reduction by cutting non-essential expenses not linked to the production of the FF 91 2.0 Futurist Alliance SUV.
發生的事情：該計劃主要側重於通過削減與以下方面無關的非必要支出來降低成本這部電影的製作FF 91 2.0未來主義者聯盟運動型多功能車。
The company also intends to lower production costs by in-house sourcing capital-intensive systems, eliminating commitments to new convertible notes with structures similar to existing convertible notes.
該公司還打算通過內部採購資本密集型系統來降低生產成本，取消對結構與現有可轉換票據相似的新可轉換票據的承諾。
Faraday Future expects that implementing this "master plan" will lead to positive cash flow and profitability. More comprehensive details will be disclosed during the company's upcoming Investor Day.
法拉第未來預計，實施這一“總體規劃”將帶來正的現金流和盈利。更全面的細節將在該公司即將到來的投資者日期間披露。
See Also: 6 Best EV Penny Stocks Right Now
另見：目前最好的6只電動汽車便士股票
Why It Matters: In the second quarter, Faraday reported no revenue but accrued a net loss of $124.9 million. This marks an improvement compared to the $141.7 million loss reported in the same period the previous year. As of June 30, 2023, the company's cash reserves amounted to $19.4 million, including $1.5 million in restricted cash.
為什麼這很重要：法拉第第二季度沒有收入，但出現了1.249億美元的淨虧損。與去年同期報告的1.417億美元虧損相比，這一數位有所改善。截至2023年6月30日，該公司的現金儲備為1940萬美元，其中包括150萬美元的限制性現金。
In an open letter released on Sunday, Faraday's Global CEO, Matthias Aydt, and founder, YT Jia, said they felt a "profound sense of pain" over the declining value of the company's shares. They outlined various measures to counter this issue, which included exploring opportunities with potential institutional and strategic investors to secure additional capital.
在週日發佈的一封公開信中，法拉第的全球首席執行官，馬蒂亞斯·艾特，和創始人，YT Jia，表示他們對公司股票價值的下跌感到“深切的痛感”。他們概述了應對這一問題的各種措施，其中包括探索與潛在機構和戰略投資者的機會，以確保獲得更多資本。
The letter, released just a day before the "master plan" announcement, emphasized the company's reliance on available funding for its development phase.
這封信是在“總體規劃”公佈的前一天發佈的，強調了該公司在開發階段對可用資金的依賴。
Faraday Future began trading on the NASDAQ in July 2021 following a Special Purpose Acquisition Company merger. Its stock has plummeted by 95.02% year-to-date, with a current market capitalization shrinking of approximately $28 million.
在特殊目的收購公司合併後，法拉第未來於2021年7月開始在納斯達克交易。今年到目前為止，它的股票已經暴跌了95.02%，目前的市值縮水了大約2800萬美元。
Check out more of Benzinga's Future Of Mobility coverage by following this link.
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Photo courtesy: Faraday Future
圖片提供：Faraday Future