Faraday Future appoints Edward Darwick as Head of Finance Operations; recaps Q1 results

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Edward Darwick named Head of Finance Operations, effective immediately, reporting to Interim CFO Yun Han.
Darwick brings ~20 years of experience including Ford and Nio, focusing on FP&A and operational finance.
Q1 net income $6.5M (driven by mark-to-market gains); operating loss $83M vs $149M YoY, a significant reduction.
Reiterated FF 91 delivery start end of May subject to financing and parts; 40 vehicles manufactured to date.
Secured $135M gross funding ($120M received); additional $100M unsecured convertible notes committed, $80M from management.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FARADAY FUTURE INTELLIGENT ELECTRIC INC. reported the first quarter ended March 31, 2023 results: net income $6.5 million.

Period: the first quarter ended March 31, 2023
Net income: $6.5 million
Result: reported results

Exact text from the filing

On May 15, 2023, Faraday Future Intelligent Electric Inc., a Delaware corporation (the “Company”), issued a press release reiterating Company highlights and financial results for the first quarter ended March 31, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-040147

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