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Dec 31, 2023

Lucid Q4 2023 Earnings Report

Lucid's Q4 2023 financial results were announced, revealing vehicle production and deliveries, as well as revenue and liquidity updates.

Key Takeaways

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.

Delivered 1,734 vehicles in Q4.

Produced 2,391 vehicles in Q4.

Q4 revenue was $157.2 million.

Ended the quarter with approximately $4.78 billion of total liquidity.

Total Revenue
$157M
Previous year: $258M
-39.0%
EPS
-$0.29
Previous year: -$0.28
+3.6%
Production capacity
2.39K
Previous year: 3.49K
-31.5%
Gross Profit
-$320M
Previous year: -$358M
-10.4%
Cash and Equivalents
$1.37B
Previous year: $1.74B
-21.1%
Free Cash Flow
-$747M
Previous year: -$938M
-20.4%
Total Assets
$8.51B
Previous year: $7.88B
+8.0%

Lucid

Lucid

Forward Guidance

Lucid anticipates producing approximately 9,000 vehicles in 2024.