Lucid exceeds 2022 production guidance; Q4 revenue $257.7M, full-year $608.2M

Lucid Group, Inc.

2022-FY EPS reported -$1.51 revenue$608,181,000

Q4 production 3,493 vehicles (+53% sequentially); full-year 2022 production 7,180, exceeding 6,000-7,000 guidance.
Q4 revenue $257.7M; full-year revenue $608.2M.
Total liquidity ~$4.9B, expected to fund at least into Q1 2024.
2023 production guidance: 10,000-14,000 vehicles.
Reservations over 28,000 (potential sales >$2.7B), excluding up to 100,000 Saudi Arabia agreement.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lucid Group, Inc. updated its the fourth quarter and full year ended December 31, 2022 guidance (reaffirmed).

Period: the fourth quarter and full year ended December 31, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 22, 2023 , Lucid Group, Inc. (“Lucid”) issued a press release announcing its results for the fourth quarter and full year ended December 31, 2022.

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Lucid Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-004559

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