---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-002843"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T11:54:47.427300+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors Q4 2022: $104.9M operating loss, 6 vehicles sold, production paused, Foxconn $170M investment

## Summary
- Q4 2022 operating loss of $104.9M; revenue from 3 vehicle sales with $30M cost of sales including $21M inventory write-down.
- Only 6 Endurance vehicles sold through Feb 2023; production paused due to supplier quality issues; voluntary recall filed with NHTSA.
- Foxconn invested initial $52M of up to $170M; remaining $117.3M subject to regulatory approvals and milestones.
- Cash and short-term investments $221.7M at year-end; Q1 2023 outlook $150-170M excluding additional Foxconn funding.
- FY2022 SG&A $138.3M (incl. $33.9M litigation accruals), R&D $107.8M; other operating items $111.4M impairment charges.

## SEC filing metadata
- accession: 0001558370-23-002843
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000155837023002843/0001558370-23-002843-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000155837023002843/ride-20230306x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-002843
- JSON: https://secwatch.observer/filing/0001558370-23-002843.json
- Plain text: https://secwatch.observer/filing/0001558370-23-002843.txt

## Key facts
- Earnings Releases
  NU RIDE INC. reported financial results for the quarter ended December 31, 2022.
  - Period: the quarter ended December 31, 2022
  - Result: reported results
  source text: On March 6, Lordstown Motors Corp. (the “Company”) issued a press release reporting its financial results for the quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759546/000155837023002843/0001558370-23-002843-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.