Nikola reports Q1 2024 net loss $147.7M; wholesaled 40 FCEVs, exceeding guidance

Nikola Corp

2024-Q1 EPS reported -$0.11

Revenue $7.5M; net loss $147.7M ($0.11/share) vs. $169.1M net loss in Q1 2023.
Wholesaled 40 FCEVs, exceeding high-end guidance; program-to-date 75 FCEVs.
Completed first remediated BEV delivery; expects to finish all BEV remediation by year-end 2024.
Executed first CARB credit sale (Model Year 22); revenue recognized in Q2 2024.
Adjusted EBITDA -$104.0M vs. -$103.7M prior year; shares outstanding 1.34B (diluted).

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 1.0

Nikola Corp reported the quarter ended March 31, 2024 results: revenue $ 7,497, net income $ (147,722), EPS $ (0.11).

Period: the quarter ended March 31, 2024
Revenue: $ 7,497
Net income: $ (147,722)
EPS: $ (0.11)
Result: reported results

Exact text from the filing

Quarter Financial Highlights Three Months Ended March 31, (In thousands, except share and per share data) 2024 2023 Trucks produced 43 63 Trucks shipped 40 31 Total revenues $ 7,497 $ 10,677 Gross profit (loss) $ (57,575) $ (22,697) Gross margin (768) % (213) % Loss from operations $ (145,363) $ (127,200) Net loss from continuing operations $ (147,722) $

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Source: SEC EDGAR

accession 0001731289-24-000152

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