Lucid
🇺🇸 NASDAQ:LCID
•
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.
Lucid Revenue
Lucid EPS
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.