Electric-truck maker sees improved financials in 4Q
- Nikola’s loss narrowed in 4Q on higher shipments
- Loss of $153.6 million, compared to $222.1 million in the same period last year
- Adjusted loss was 11 cents a share, beating analysts’ expectations
- Revenue rose to $11.5 million, up from $5.46 million
- Produced 42 trucks, down from 133 in the same period last year
- Truck shipments rose to 35, from 20 in the same period last year
Nikola, the electric-truck maker, reported a narrower loss in the fourth quarter due to increased shipments. The company posted a loss of $153.6 million, or 14 cents a share, compared to a loss of $222.1 million, or 36 cents a share, in the same period last year. The adjusted loss was 11 cents a share, surpassing analysts’ expectations of 13 cents a share. Revenue also saw growth, rising to $11.5 million from $5.46 million. However, the number of trucks produced decreased to 42, down from 133 in the same period last year. Despite this, truck shipments increased to 35, up from 20 in the same period last year.
Factuality Level: 9
Factuality Justification: The article provides clear and concise information about Nikola’s financial performance in the fourth quarter, including details on revenue, losses, and truck shipments. The information is based on factual data and there are no apparent signs of bias, sensationalism, or inaccuracies.
Noise Level: 3
Noise Justification: The article provides relevant information about Nikola’s financial performance in the fourth quarter, including details about the company’s losses, revenue, and truck shipments. It compares the current results with the previous year and analyst expectations, offering a clear and concise overview without delving into unrelated topics. The article supports its claims with specific data and numbers, making it informative and on-topic.
Financial Relevance: Yes
Financial Markets Impacted: Nikola Corporation
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Nikola’s financial performance in the fourth quarter.
Public Companies: Nikola Corporation (NKLA)
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