Fisker provides Q4 2022 and full-year 2022 financial results with updates on Fisker Ocean supply chain, homologation, EPA and WLTP testing, reservations, cash balance, and 2023 forecast seeing a positive EBITDA for the year. Fisker Ocean with Blue Planet exterior. Fisker announced its Q4 2022 and full-year 2022 financial results , which exceeded expectations. The company spent $702 million in 2022, below its anticipated range, and had a cash balance of $736 million at the year-end, higher than expected. Fisker Ocean reservations and orders have increased 2k increase since eCarExpo to approximately 65,000 as of February 24, 2023. The homologation testing is progressing well, and consumer deliveries are expected to begin soon after certification is received. The company has built 56 vehicles since SOP and has provided 2023 forecasts to suppliers, placing firm orders for components for the first 300 vehicles. Fisker has also initiated 2023 non-GAAP SG&A, R&D, and capital expenditure guidance at $535-$610 million. The company forecasts 8-12% annual gross margin and potentially positive EBITDA for the year. Overall, Fisker management answered most of our 20 questions we prepared earlier this month. Message from Henrik Fisker’s… “Thank you to all our stakeholders, teams, and partners for the […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
