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Dec 31, 2022

Lucid Q4 2022 Earnings Report

Announced fourth quarter and full year 2022 financial results and exceeded annual production guidance.

Key Takeaways

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.

Produced 3,493 vehicles in Q4, up 53 percent sequentially.

Produced 7,180 vehicles in 2022, exceeding annual production guidance of 6,000 to 7,000 vehicles.

Q4 revenue of over $257M and annual revenue of over $608M.

Ended the quarter with approximately $4.9B total liquidity.

Total Revenue
$258M
Previous year: $26.4M
+876.5%
EPS
-$0.28
Previous year: -$0.64
-56.3%
Vehicles produced
3.49K
Vehicles delivered
1.93K
Previous year: 125
+1445.6%
Gross Profit
-$358M
Previous year: -$125M
+185.9%
Cash and Equivalents
$1.74B
Previous year: $6.26B
-72.3%
Free Cash Flow
-$938M
Previous year: -$435M
+115.9%
Total Assets
$7.88B
Previous year: $7.88B
+-0.0%

Lucid

Lucid

Forward Guidance

Lucid anticipates producing 10,000 to 14,000 vehicles in 2023.