Lucid Q3 2022 results 195.5M revenue, Gravity SUV reservations

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In Q3, we recorded revenue of $137.8 million, which represented a quarter-over-quarter decline of 9% and largely driven by a change in product mix.. So this concludes Lucid's third quarter 2023.

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Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced financial results for its.

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Lucid reported $157.2 million in revenue against a $180 million expectation. While Lucid was expected to lose $0.31/share, the company ended up taking a less-than-expected loss of $0.29/share.

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Produced 2,391 vehicles in Q4 and 8,428 vehicles in 2023, meeting the higher-end of 2023 annual production guidance of 8,000 to 8,500 vehicles. Q4 revenue of $157.2 million and annual revenue of.

Lucid Q3 2022 results 195.5M revenue, Gravity SUV reservations


Lucid reported Q3 revenue of $137.8 million on deliveries of 1,457 vehicles and produced 1,550 vehicles. The company is also adjusting its production outlook for 2023 to 8,000 - 8,500 vehicles.

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Lucid Group Revenue. Lucid Group had revenue of $595.27M in the twelve months ending December 31, 2023, down -2.12% year-over-year. Revenue in the quarter ending December 31, 2023 was $157.15M, a -39.02% decrease year-over-year. In the year 2023, Lucid Group had annual revenue of $595.27M, a decrease of -2.12%. Revenue (ttm)

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Lucid holds in Q2, aims for low end of production guidance. As previously reported last month, Lucid Motors produced 2,173 EVs between April 1 and June 30, 2023 - 1,404 of which saw deliveries.

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Here's what the company reported for the fourth quarter of 2022: Loss per share: 28 cents. Revenue: $257.7 million, vs. $303 million, according to Refinitiv consensus estimates. Lucid's.

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Lucid revenue was down in Q1 2023 but way up YOY. Per the financial reports released by Lucid Motors this afternoon, its revenue for Q1 2023 was $149.4 million, which is a 159% increase compared.

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Lucid Group (NASDAQ:LCID) Full Year 2023 ResultsKey Financial Results. Revenue: US$595.3m (down 2.1% from FY 2022). Net loss: US$2.83b (loss widened by 117% from FY 2022). US$1.36 loss per share.

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Lastly, analysts expect its revenue to rise at a compound annual growth rate (CAGR) of 34% from 2023 to 2025. It's also expected to narrow its net losses as it scales up its battery-swapping networks.

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NEWARK, Calif., May 8, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced financial results for its first quarter ended March 31, 2023. Lucid reported first quarter revenue of $149.4 million, having produced 2,314 vehicles at its manufacturing facility in.

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Lucid revenue for the twelve months ending September 30, 2023 was $0.696B, a 84.64% increase year-over-year. Lucid annual revenue for 2022 was $0.608B, a 2143.3% increase from 2021. Lucid annual revenue for 2021 was $0.027B, a 581.87% increase from 2020. Lucid annual revenue for 2020 was $0.004B, a 13.38% decline from 2019. Lucid Group Inc. is.

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NEWARK, CA — November 7, 2023 — Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award,. Lucid reported Q3 revenue of $137.8 million on deliveries of 1,457 vehicles and produced 1,550 vehicles. The company is also adjusting its production.

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Q2 revenue of $150.9 million driven by customer deliveries of 1,404 vehicles in the quarter; Bolstered balance sheet to $6.25 billion in total liquidity as of June 30, 2023; Aston Martin selected Lucid to supply powertrain and battery system technology - contracts worth in excess of $450 million - further validating Lucid's superior.

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Lucid ended fourth quarter of 2023 with $1.369 billion in cash and cash equivalent.. The company expects up to $170 million in truck revenue for 2024 with a target to sell 450 units this year,.