FFIE Q3 net loss narrows to $103M, cash at $32M; announces $600M funding facility and EPA-certified 381-mile range

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Net loss $103M ($0.30/share) vs $304M in Q3 2021; operating loss $81M vs $186M.
Cash fell to $32M from $505M at year-end; accumulated deficit $3.3B.
Up to $600M senior secured convertible notes facility with $52M initial; $60M added in Oct.
FF 91 EPA range certified at 381 miles (above 333 estimate); CARB zero-emission certified.
Appointed Yun Han interim CFO; Mazars as new auditor; resolved FF Top governance dispute.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FARADAY FUTURE INTELLIGENT ELECTRIC INC. reported third quarter ended September 30, 2022 results: net income approximately $103 million.

Period: third quarter ended September 30, 2022
Net income: approximately $103 million
Result: reported results

Exact text from the filing

Net loss decreased to approximately $103 million during the three months ended September 30, 2022, as compared to approximately $304 million net loss for the three months ended September 30, 2021.

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FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001628280-22-030575

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