Fisker Set to Report Q3 2023 Earnings Results
November 8, 2023
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The company has made headlines in recent years thanks to its innovative approach to electric mobility, as well as its rapid growth. As the company continues to break new ground in the industry, investors are eager to see how Fisker’s Q3 2023 earnings will look. The company has had a strong start to the year, with its stock more than doubling since the start of the year.
In addition, analysts are expecting the company to report strong sales of its flagship Fisker Ocean SUV and a healthy cash balance thanks to the recent investment from Apollo Global Management. With such positive growth, investors are expecting to see a strong set of Q3 2023 earnings from Fisker. As Fisker reports its Q3 2023 earnings, investors will be closely watching for any news about the company’s plans for the future. It is possible that the company could announce new partnerships or investments that could help to further accelerate its growth. Whatever the outcome of the Q3 2023 earnings report, investors will be sure to be paying close attention to Fisker Inc ($NYSE:FSR)’s progress as it continues to disrupt the electric vehicle industry.
Earnings
According to their latest earning report of FY2023 Q2 as of June 30 2021, FISKER INC earned 0.03M USD in total revenue and lost 46.22M USD in net income. This is a significant increase compared to the same period last year; total revenue was up 200.0% year-on-year. Over the course of the past three years, FISKER INC’s total revenue has increased from 0.03M USD to 0.82M USD. These results are sure to be closely watched as it gives an indication of the company’s performance in the future.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fisker Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.34 | -522.61 | -38989.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fisker Inc. More…
| Operations | Investing | Financing |
| -408.88 | -228.14 | 306.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fisker Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.73k | 1.31k | 1.24 |
Key Ratios Snapshot
Some of the financial key ratios for Fisker Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -37497.2% |
| FCF Margin | ROE | ROA |
| -47432.5% | -75.6% | -18.2% |
Price History
The stock opened at $4.4 and closed the day at the same value. Analysts have been closely monitoring FISKER INC‘s performance this quarter, as the company continues to make strides in the electric vehicle market. The results of the report may have an effect on the stock prices in the future. Despite some uncertainties in the market, FISKER INC is expecting a strong quarter and is looking forward to having a positive impact on their stock price.
With their commitment to innovation and world-class customer service, FISKER INC is poised to achieve great success in this competitive market. Investors will be watching closely to see how the company performs in the upcoming quarter. Live Quote…
Analysis
As GoodWhale, we have conducted an analysis of FISKER INC‘s finances. Our Star Chart gives FISKER INC a low health score of 2/10, indicating that the company is less likely to be able to pay off its debt and fund future operations. Furthermore, our categorization of FISKER INC as a ‘cheetah’ type of company implies that this organization has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. These characteristics make FISKER INC an attractive investment for those who are looking for high growth potential but are comfortable with the risk that comes with investing in such a young company. Investors who are looking for strong dividend yields, however, may want to look elsewhere. FISKER INC is strong in terms of growth, medium in terms of asset quality, and weak in terms of dividend and profitability. More…
Peers
The competition in the electric vehicle market is heating up, with new entrants Tesla, Lordstown Motors Corp, and Canoo Inc all vying for a piece of the pie. Fisker Inc, an early pioneer in the space, is no stranger to competition, but it remains to be seen if they can hold onto their market share.
– Tesla Inc ($NASDAQ:TSLA)
Tesla, Inc. is an American multinational corporation that specializes in electric vehicles, energy storage, and solar panel manufacturing. Based in Palo Alto, California, Tesla’s mission is to accelerate the world’s transition to sustainable energy. Tesla’s market cap as of 2022 is 687.33B and its ROE is 27.88%. The company’s products include electric cars, batteries, solar panels, and home energy systems.
– Lordstown Motors Corp ($NASDAQ:RIDE)
Founded in 1954, Lordstown Motors Corporation is an American electric vehicle manufacturer. The company’s flagship product is the Endurance, an all-electric pickup truck. Lordstown Motors is headquartered in Lordstown, Ohio, and has a production facility in Mexico.
As of 2022, Lordstown Motors Corporation has a market cap of 369.92 million and a return on equity of -63.07%. The company’s flagship product, the Endurance, is an all-electric pickup truck that is manufactured in Mexico. Lordstown Motors is working to establish itself as a leader in the electric vehicle market, and its market cap and return on equity reflect this goal.
– Canoo Inc ($NASDAQ:GOEV)
Canoo Inc. is a publicly traded company with a market capitalization of 409.99 million as of 2022. The company has a return on equity of -258.12%. Canoo Inc. is a designer and manufacturer of electric vehicles. The company was founded in 2015 and is headquartered in Los Angeles, California.
Summary
Fisker Inc. is set to report its 2023 earnings this quarter. Analysts are predicting strong growth in revenue and profits for the electric vehicle manufacturer. Fisker’s sales are expected to be driven by an increase in demand for their vehicles, as well as cost reductions in production.
Additionally, Fisker has been expanding its market presence through strategic partnerships and new product lines. Fisker has also made significant investments in research and development to stay competitive in the industry. Analysts are anticipating strong returns on these investments. Furthermore, analysts are expecting Fisker to continue its success and outpace competitors over the next several years with increasing sales and a leading market share.
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