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Dec 31, 2021

Nikola Q4 2021 Earnings Report

Nikola began delivering Pre-Series Tre BEVs to customers and dealers and ramping up production in Coolidge.

Key Takeaways

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.

Delivered first Nikola Pre-Series Tre BEVs to customers and dealers

Executed additional customer LOIs, including with Heniff Transportation Systems, USA Truck, Saia LTL Freight, and Covenant Logistics Group

Tre FCEV alphas delivered to Anheuser-Busch for pilot testing

Coolidge, Arizona manufacturing facility Phase 1 anticipated completion by the end of Q1 2022

EPS
-$6.9
Previous year: -$5.1
+35.3%
Adjusted EBITDA
-$90.4M
Previous year: -$65.5M
+38.0%
Cash and Equivalents
$497M
Previous year: $841M
-40.9%
Free Cash Flow
-$177M
Total Assets
$990M
Previous year: $1.05B
-6.1%

Nikola

Nikola

Forward Guidance

Nikola looks forward to achieving the following milestones in 2022

Positive Outlook

  • Deliver 300 - 500 production Nikola Tre BEVs to customers
  • Successful pilot testing of Tre FCEV alpha trucks with AB and TTSI and others
  • Build, test, and validate 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