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Dec 31, 2023
Nikola Q4 2023 Earnings Report
Nikola reported Q4 2023 results, delivered the first production hydrogen fuel cell electric truck in North America, and ended the period with no finished goods inventory.
Key Takeaways
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.
Delivered 35 hydrogen fuel cell electric trucks in Q4, ending the period with no finished goods inventory.
From October 2023 through January 31, 2024, 225 additional voucher requests have been submitted in Calif. for hydrogen fuel cell electric trucks, all for Nikola
Remain on track to get the first battery-electric trucks back into end user hands by the end of Q1.
Opened first HYLA modular refueling station in Ontario, Calif. and announced partnership with FirstElement Fuel in Oakland, Calif.
Forward Guidance
Looking forward to 2024, we are focused on optimizing revenue and costs in our business, as we seek to scale hydrogen fuel cell electric truck production, secure additional modular refueling sites and deploy modular fuelers to support fleets and bring the battery-electric product back to the marketplace.
Positive Outlook
- Optimizing revenue
- Optimizing costs
- Scaling hydrogen fuel cell electric truck production
- Securing additional modular refueling sites
- Deploying modular fuelers to support fleets and bring the battery-electric product back to the marketplace
Historical Earnings Impact
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Avg. Return Before/After Earnings
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