secwatch.observer — SEC 8-K summary
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Issuer:     Nikola Corp (—)
CIK:        0001731289
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001731289-24-000152
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731289/000173128924000152/0001731289-24-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731289/000173128924000152/nkla-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001731289-24-000152

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