Nikola Q4 2022 Earnings Report
Key Takeaways
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.
Reported GAAP net loss per share of $0.46 and non-GAAP net loss per share of $0.37 for Q4 2022.
Advancing deployment of zero-emissions trucks in fleets through innovative integrated mobility solutions.
On track to be first to market and commercialize fuel cell electric vehicles (FCEVs) with deliveries expected in Q4 2023.
Continued to execute on and build our energy business with partners.
Nikola
Nikola
Forward Guidance
Nikola plans to achieve several milestones in 2023, including completing the build of gamma FCEVs, realizing cost savings in battery modules, achieving a final investment decision for the Phoenix Hydrogen Hub, announcing refueling station partners, and delivering Tre BEVs and FCEVs.
Positive Outlook
- Complete the build of 10 gamma FCEVs by Q2 2023
- Realize approximately $105,000 in cost savings in battery modules and packs for each Tre BEV truck by Q4 2023
- Achieve Final Investment Decision for the Phoenix Hydrogen Hub by Q3 2023
- Announce at least two refueling station partners by June
- Deliver 250 – 350 Tre BEVs to dealers for the Full Year 2023
Challenges Ahead
- Deliver 125 – 150 Tre FCEVs in Q4 2023