secwatch.observer — SEC 8-K summary
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Issuer:     Rivian Automotive, Inc. / DE (RIVN)
CIK:        0001874178
Form:       8-K/A
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001874178-24-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rivian FY2023 rev $4.43B, net loss $5.43B; guides 2024 production ~57k, cuts 10% workforce
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- FY2023 revenue $4,434M, net loss $(5,432)M; Q4 rev $1,315M, net loss $(1,521)M.
- Produced 57,232 vehicles, delivered 50,122 (147% YoY delivery increase full year).
- 2024 guidance: production ~57,000 units, capex $1,750M, adjusted EBITDA $(2,700)M.
- Announced ~10% reduction in salaried workforce; reiterates path to Q4 modest gross profit.
- Corrected prior release: 147% delivery increase was full-year, not Q4 vs Q4 comparison.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874178/000187417824000012/0001874178-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874178/000187417824000012/rivn-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001874178-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer