Lucid Earnings Reports

Lucid produced 3,386 vehicles and delivered 3,099 vehicles during Q4 2024, with revenue totaling $234.5 million. The company posted a net loss of $397.2 million for the quarter, driven by high operating expenses. Lucid ended the quarter with $6.13 billion in total liquidity.

Lucid Group, Inc. announced its Q3 2024 financial results, reporting a revenue of $200.0 million. The company delivered 2,781 vehicles, a 90.9% increase compared to Q3 2023. Lucid is on track to produce approximately 9,000 vehicles in 2024 and ended the quarter with $5.16 billion in total liquidity.

Lucid Group, Inc. announced its Q2 2024 financial results, featuring a 70.5% increase in vehicle deliveries compared to Q2 2023, resulting in revenue of $200.6 million. The company produced 2,110 vehicles and is on track to meet its annual production target of approximately 9,000 vehicles. Lucid ended the quarter with $4.28 billion in total liquidity and secured an additional $1.5 billion commitment from an affiliate of the Public Investment Fund (PIF).

Lucid Group, Inc. announced financial results for the first quarter ended March 31, 2024, reporting a revenue of $172.7 million. The company delivered 1,967 vehicles and raised $1.0 billion via private placement to an affiliate of the Public Investment Fund (PIF). They ended the quarter with $5.03 billion in total liquidity and are on track for annual production of approximately 9,000 vehicles.

Lucid Group, Inc. announced Q4 revenue of $157.2 million. The company produced 2,391 vehicles and delivered 1,734 vehicles during the quarter, ending with approximately $4.78 billion in total liquidity.

Lucid reported Q3 revenue of $137.8 million with deliveries of 1,457 vehicles. Production outlook for 2023 is revised to 8,000 - 8,500 vehicles. The company ended the quarter with approximately $5.45 billion in liquidity.

Lucid Group reported Q2 revenue of $150.9 million driven by customer deliveries of 1,404 vehicles. The company is on track to manufacture more than 10,000 vehicles in 2023. Lucid ended the second quarter with approximately $6.25 billion in total liquidity.

Lucid Group, Inc. announced its Q1 2023 financial results, reporting a revenue of $149.4 million. The company produced 2,314 vehicles and delivered 1,406 during the quarter. Lucid ended the quarter with approximately $4.1 billion in total liquidity and plans to manufacture more than 10,000 vehicles in 2023.

Lucid Group, Inc. reported Q4 revenue of $257.7 million and produced 3,493 vehicles during the quarter. The company ended the quarter with approximately $4.9 billion in total liquidity.

Lucid Group, Inc. announced financial results for the third quarter ended September 30, 2022. The company reported revenue of $195.5 million driven by customer deliveries of 1,398 vehicles. Lucid ended the quarter with approximately $3.85 billion cash, cash equivalents, and investments.

Lucid Group, Inc. reported Q2 revenue of $97.3 million driven by customer deliveries of 679 vehicles. Strong customer demand continues with over 37,000 reservations, representing potential sales of approximately $3.5 billion. The company ended the quarter with $4.6 billion in cash, cash equivalents, and investments. Production volume outlook for 2022 was revised to a range of 6,000 to 7,000 vehicles.

Lucid reported Q1 revenue of $57.7 million on deliveries of 360 vehicles. The Company reported strong customer demand for Lucid Air with reservations now exceeding 30,000, reflecting potential sales of $2.9 billion. Lucid reiterated its 2022 production volume outlook of 12,000 to 14,000 vehicles and ended the quarter with close to $5.4 billion cash on hand.

Lucid Group, Inc. announced its Q4 revenue was $26.4 million, including $21.3 million from initial deliveries of Lucid Air Dream Edition. They delivered 125 cars to customers in the fourth quarter. Customer reservations exceed 25,000, reflecting potential sales of more than $2.4B. The company is updating its 2022 production outlook for Lucid Air to a range of 12,000 to 14,000 vehicles.

Lucid Group, Inc. reported financial results for the third quarter ending September 30, 2021. The company successfully began production of vehicles for customer deliveries and continued investing in capacity expansion of its manufacturing facility in Arizona.