Faraday Future reports FY2022 net loss $552.1M; targets FF 91 SOP by end of March 2023

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Net loss for FY2022 $552.1M vs $516.5M prior year; Q4 loss $153.9M.
Operating expenses $451M in FY2022, up from $354.1M in FY2021.
Cash and restricted cash $18.5M at Dec 31, 2022; $37.5M as of March 3, 2023.
Received $111.6M towards $135M funding target; SOP targeted for March 30, 2023.
Announced non-binding strategic partnership with Huanggang, China; appointed XF Chen as Global CEO.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

FARADAY FUTURE INTELLIGENT ELECTRIC INC. reported its fourth quarter and full year ended December 31, 2022 results: net income Net loss was $552.1 million for the year ended December 31, 2022.

Period: its fourth quarter and full year ended December 31, 2022
Net income: Net loss was $552.1 million for the year ended December 31, 2022
Result: reported results

Exact text from the filing

Faraday Future Intelligent Electric Inc. (the “Company”) issued a press release announcing its results for the full year and quarter ended December 31, 2022.

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FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-018577

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