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Lucid reported $157.2 million in revenue against a $180 million expectation. While Lucid was expected to lose $0.31/share, the company ended up taking a less-than-expected loss of $0.29/share.
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Lucid holds in Q2, aims for low end of production guidance. As previously reported last month, Lucid Motors produced 2,173 EVs between April 1 and June 30, 2023 - 1,404 of which saw deliveries.
Lucid Motors Delivered 679 Lucid Air Vehicles in Q2 2022 Lucid Insider Blog Lucid Air
Produced 2,391 vehicles in Q4 and 8,428 vehicles in 2023, meeting the higher-end of 2023 annual production guidance of 8,000 to 8,500 vehicles. Q4 revenue of $157.2 million and annual revenue of.
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NEWARK, Calif., May 8, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced financial results for its first quarter ended March 31, 2023. Lucid reported first quarter revenue of $149.4 million, having produced 2,314 vehicles at its manufacturing facility in.
Lucid Motors (LCID) Q2 2023 Revenue holds, deliveries slip
Lucid ended fourth quarter of 2023 with $1.369 billion in cash and cash equivalent.. The company expects up to $170 million in truck revenue for 2024 with a target to sell 450 units this year,.
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Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced financial results for its.
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NEWARK, CA — November 7, 2023 — Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award,. Lucid reported Q3 revenue of $137.8 million on deliveries of 1,457 vehicles and produced 1,550 vehicles. The company is also adjusting its production.
Changes to the 2023 Lucid Models
Lucid's net loss for the quarter was $764.2 million, or 40 cents per share. A year ago, Lucid reported a net loss of $555.3 million, or 33 cents per share. Revenue in the second quarter rose to.
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Lucid Group (NASDAQ:LCID) Full Year 2023 ResultsKey Financial Results. Revenue: US$595.3m (down 2.1% from FY 2022). Net loss: US$2.83b (loss widened by 117% from FY 2022). US$1.36 loss per share.
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Lucid reported Q3 revenue of $137.8 million on deliveries of 1,457 vehicles and produced 1,550 vehicles. The company is also adjusting its production outlook for 2023 to 8,000 - 8,500 vehicles.
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Lucid Announces Third Quarter 2023 Financial Results. November 7, 2023. PDF Version. Lucid reported Q3 revenue of $137.8 million driven by customer deliveries of 1,457 vehicles in the quarter. Production of the Lucid Air Pure RWD began in September and is in the process of ramping up; production of the Lucid Air Sapphire also began in September.
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In Q3, we recorded revenue of $137.8 million, which represented a quarter-over-quarter decline of 9% and largely driven by a change in product mix.. So this concludes Lucid's third quarter 2023.
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Q4 revenue of $157.2 million and annual revenue of $595.3 million; Ended the quarter with approximately $4.78 billion of total liquidity;. Lucid's CEO and CTO. "In 2023, we made our first strategic technology arrangement, gained market share, completed the Air lineup, and unveiled Gravity. As we start 2024, I'm very excited about the year.
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Lucid revenue was down in Q1 2023 but way up YOY. Per the financial reports released by Lucid Motors this afternoon, its revenue for Q1 2023 was $149.4 million, which is a 159% increase compared.
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Lastly, analysts expect its revenue to rise at a compound annual growth rate (CAGR) of 34% from 2023 to 2025. It's also expected to narrow its net losses as it scales up its battery-swapping networks.
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Here's what the company reported for the fourth quarter of 2022: Loss per share: 28 cents. Revenue: $257.7 million, vs. $303 million, according to Refinitiv consensus estimates. Lucid's.