secwatch.observer — SEC 8-K summary
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Issuer:     NU RIDE INC. (NRDE)
CIK:        0001759546
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001558370-23-002843
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759546/000155837023002843/0001558370-23-002843-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759546/000155837023002843/ride-20230306x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-002843

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