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Jun 30, 2022

Nikola Q2 2022 Earnings Report

Reported revenues of $18.1 million and adjusted net loss per share of $0.25.

Key Takeaways

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.

Produced 50 Nikola Tre BEVs in Coolidge, Arizona, and delivered 48 to dealers

Reported revenues of $18.1 million on deliveries of 48 Tre BEVs and four Mobile Charging Trailers

Increased total liquidity to $841.8 million

Announced station progress in California in the cities of Ontario, Colton, and a location servicing the Port of Long Beach

Total Revenue
$18.1M
EPS
-$7.5
Previous year: -$6
+25.0%
Gross Profit
-$29.3M
Cash and Equivalents
$442M
Previous year: $633M
-30.2%
Free Cash Flow
-$180M
Previous year: -$132M
+36.6%
Total Assets
$1.17B
Previous year: $965M
+20.9%

Nikola

Nikola

Forward Guidance

Nikola remains on track to achieve the following milestones in 2022.

Positive Outlook

  • Deliver 300 to 500 production Tre BEV trucks
  • Successful FCEV alpha pilot testing with Anheuser-Busch and TTSI
  • Build, validate and test Tre FCEV beta trucks
  • Announce location, break ground, and commence construction of the first hydrogen production hub in Arizona
  • Announce two or more dispensing station partners in California