Lucid Q3 revenue $137.8M, deliveries 1,457; cuts 2023 outlook to 8,000-8,500

Lucid Group, Inc.

2023-Q3 EPS reported -$1.08 revenue$438,120,000

Q3 revenue $137.8M; deliveries 1,457 vehicles; produced 1,550 vehicles.
2023 production outlook reduced to 8,000-8,500 vehicles from prior >10,000.
Ended Q3 with $5.45B liquidity; expects funding to last into 2025.
Appointed Marc Winterhoff as first COO; Gravity SUV unveil Nov 16, production late 2024.
Aston Martin deal closed; received 28.35M shares and $33M cash installment.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lucid Group, Inc. reported third quarter ended September 30, 2023 results: revenue $137.8 million. Guidance lowered.

Period: third quarter ended September 30, 2023
Revenue: $137.8 million
Guidance: lowered
Result: reported results

Exact text from the filing

Lucid reported Q3 revenue of $137.8 million on deliveries of 1,457 vehicles

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Lucid Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-037347

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