Nikola Earnings Reports

Nikola Corporation reported third-quarter results with record sales of hydrogen fuel cell electric trucks, a 78% increase in FCEV fleet adoption year-to-date, and a nearly 350% increase in hydrogen fuel dispensed at commercial stations year-to-date. The company delivered 88 FCEVs to its dealer network, up 22% from last quarter, and reiterated its year-end FCEV volume guidance of 300-350 trucks.

Nikola Corporation reported its Q2 2024 financial results, highlighting a record revenue of $31.3 million, a 318% increase from Q1. The company wholesaled 72 hydrogen fuel cell electric vehicles, exceeding the high-end of guidance. Nikola is progressing with its BEV "2.0" recall program and created alternative revenue streams with the initial sale of regulatory credits.

Nikola Corporation reported its Q1 2024 results, highlighting the delivery of 40 FCEVs, exceeding the high-end of guidance. The company is focused on expanding its hydrogen infrastructure and remediating BEVs, with first sale agreement for credits generated for Model Year 22.

Nikola Corporation reported financial results and business updates for Q4 and full year ended December 31, 2023. The company delivered 35 hydrogen fuel cell electric trucks in Q4, opened its first HYLA modular refueling station, and raised $230.3M, ending the year with $464.7M of unrestricted cash.

Nikola Corporation reported Q3 2023 results, raising $250M and increasing unrestricted cash by $136.2M. The company continues to see strong demand for zero-emissions trucks, with 277 non-binding orders for hydrogen fuel cell electric trucks. Customer demos have started in Southern California, accumulating more than 6,000 miles with 98% uptime.

Nikola Corporation reported increased unrestricted cash by $107.1 million, while also substantially reducing spending. The company delivered 45 wholesale and 66 retail battery-electric trucks. Serial production of the hydrogen fuel cell electric truck began July 31, with first customer deliveries expected in September.

Nikola Corporation reported its Q1 2023 results, highlighting a strategic refocus on the North American market, hydrogen fuel cell trucks, and the HYLA hydrogen refueling business. The company received orders for 140 hydrogen fuel cell electric trucks and executed a joint development agreement with Voltera to develop up to 50 HYLA hydrogen refueling stations. Nikola reported a GAAP net loss per share of $0.31 and a non-GAAP net loss per share of $0.26.

Nikola Corporation reported a net loss per share of $0.46 and a non-GAAP net loss per share of $0.37 for Q4 2022. The company is advancing the deployment of zero-emissions trucks and making progress in its energy business, including partnerships for hydrogen supply and infrastructure development.

Nikola Corporation reported Q3 2022 results with revenues of $24.2 million. The company produced 75 Nikola Tre BEVs and delivered 63 to dealers. They also completed the purchase of land in Buckeye, AZ for a hydrogen production hub and signed a term sheet for collaboration with E.ON in Europe for hydrogen supply and dispensing infrastructure.

Nikola Corporation reported Q2 2022 results, including revenues of $18.1 million and an adjusted net loss per share of $0.25. The company produced 50 Nikola Tre BEVs in Coolidge, Arizona, and delivered 48 to dealers. Total liquidity at the end of Q2 was $841.8 million.

Nikola Corporation reported financial results for the quarter ended March 31, 2022. They began serial production of the Nikola Tre BEV on March 21 and shipped 11 saleable production trucks to dealers in April. The company is scaling production and aims to deliver 300-500 production vehicles this year.

Nikola Corporation reported financial results for the quarter and full-year ended December 31, 2021. During the fourth quarter, the company began delivering Pre-Series Tre BEVs to customers and dealers, and is ramping up production in Coolidge. Series production of the Tre BEV is anticipated to begin on March 21.

Nikola Corporation reported financial results for Q3 2021, highlighting continued execution on their business plan. Key achievements included progress in validating the Nikola Tre BEV, inaugurating the joint venture manufacturing facility in Ulm, Germany, and forming strategic partnerships for hydrogen refueling infrastructure. The company also reserved $125 million for a potential settlement with the SEC.

Nikola Corporation reported financial results for the quarter ended June 30, 2021. The company continued to make progress on its manufacturing facilities and validation of its Nikola Tre BEVs. Nikola acquired a 20% stake in the Wabash Valley Resources clean hydrogen project and entered into a purchase agreement with Tumim Stone Capital LLC for up to $300 million of Nikola common stock.

Nikola Corporation reported its Q1 2021 financial results, highlighting continued progress on previously communicated milestones, including commissioning and validating the Nikola Tre BEVs and nearing completion of manufacturing facilities in Ulm, Germany, and Coolidge, Arizona.

Nikola Corporation reported a net loss of $147.1 million for the fourth quarter of 2020. The company made changes to refocus and realign its resources on battery electric and hydrogen-fuel cell electric heavy-duty trucks, and hydrogen refueling infrastructure.

Nikola Corporation reported its Q3 2020 financial results, highlighting the assembly of the first Nikola Tre BEV prototypes and ongoing work with customers on BEV truck orders. The company ended the quarter with a strong cash position of $908 million.

Nikola Corporation reported financial results for the second quarter of 2020, highlighting the completion of a reverse merger with VectoIQ, which provided an additional $616.7 million in cash. The company is on track for the start of Nikola Tre production in Q4 2021 and is building manufacturing facilities in Ulm, Germany, and Coolidge, Arizona.