Lucid Q3 revenue $195.5M, deliveries 1,398; maintains 2022 production guidance of 6,000-7,000 vehicles

Lucid Group, Inc.

2022-Q3 EPS reported -$1.09 revenue$350,468,000

Record quarterly production of 2,282 vehicles, more than triple Q2; deliveries of 1,398, more than double Q2.
Cash and investments of $3.85B, expected to fund operations at least into Q4 2023.
Over 34,000 reservations representing potential sales >$3.2B, excluding up to 100,000 Saudi deal.
Plans to open reservations for Project Gravity SUV in early 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lucid Group, Inc. reported the third quarter ended September 30, 2022 results: revenue $195.5M. Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: $195.5M
Guidance: reaffirmed
Result: reported results

Exact text from the filing

6,000 to 7,000 Vehicles • Record quarterly production of 2,282 vehicles, more than triple Q2 • On track for annual production guidance of 6,000 to 7,000 vehicles • Q3 revenue of $195.5M driven by customer deliveries of 1,398 vehicles in the quarter • Strong demand with over 34,000 reservations, representing potential sales of over $3.2B • Announced plans to

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Source: SEC EDGAR

accession 0001628280-22-028921

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