Fisker Inc (NYSE:FSR) reported preliminary fourth-quarter financial results after the market close on Thursday. Here’s a rundown of the report.
Q4 Earnings: Fisker reported preliminary fourth-quarter revenue of $200.1 million, an increase of $128.3 million from the prior year’s quarter. The company reported a preliminary net loss of $1.23 per share.
Fisker said it produced 4,789 vehicles in the fourth quarter and delivered 3,818 vehicles.
As of Dec. 31, the company had $395.9 million in cash, equivalents and restricted cash. The carrying value of completed vehicles in Fisker’s inventory and raw materials was approximately $530 million at the end of the year.
“2023 was a challenging year for Fisker, including delays with suppliers and other issues that prevented us from delivering the Ocean SUV as quickly as we had expected … …
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