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Dec 31, 2024
Lucid Q4 2024 Earnings Report
Lucid reported higher vehicle production and deliveries, despite a net loss for Q4 2024.
Key Takeaways
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.
Produced 3,386 vehicles and delivered 3,099 vehicles in Q4 2024.
Q4 revenue was $234.5 million, up from $157.2 million in Q4 2023.
Net loss for Q4 2024 was $397.2 million.
Ended the quarter with $6.13 billion in total liquidity.
Forward Guidance
Lucid expects to produce approximately 20,000 vehicles in 2025, focusing on expanding its production capabilities and improving operational efficiencies.
Positive Outlook
- Production guidance for 2025 is set at approximately 20,000 vehicles.
- Focus on ramping production of Lucid Gravity.
- Continuing technology licensing business.
- Exploring new monetization opportunities.
- Strong liquidity position of $6.13 billion.
Challenges Ahead
- High operating expenses continue to impact profitability.
- Negative free cash flow in Q4 2024.
- Net losses expected to persist in the near term.
- Potential risks from global supply chain issues.
- Ongoing costs related to production expansion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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