Lucid Group Inc

NASDAQ:LCID   3:59:59 PM EDT
18.87
+1.42 (+8.14%)
5:12:48 PM EDT: $18.81 -0.06 (-0.32%)
Earnings Announcements

Lucid Reports First Quarter 2022 Financial Results

Published: 05/05/2022 21:27 GMT
Lucid Group Inc (LCID) - Lucid Reports First Quarter 2022 Financial Results.
Q1 Revenue $57.7 Million.
Strong Demand With More Than 30,000 Customer Reservations As of Today.
Production Volume Outlook for 2022 Remains on Track at 12,000 to 14,000 Vehicles.
Announces New Pricing Effective June 1 While Honoring Current Pricing for All.
Announces New Pricing Effective June 1 While Honoring Current Pricing for All Existing Reservation Holders.
Reiterated Its 2022 Production Volume Outlook of 12,000 to 14,000 Vehicles.
Ended Quarter With Close to $5.4 Billion Cash on Hand.
Will Honor Current Pricing for Existing Reservations As Well As Any New Reservations Made by May 31, 2022.
Qtrly Loss per Share $0.05.
Revenue is expected to be $145.59 Million
Adjusted EPS is expected to be -$0.39

Next Quarter Revenue Guidance is expected to be $403.77 Million
Next Quarter EPS Guidance is expected to be -$0.36

More details on our Analysts Page.