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Is Fisker on the Brink of Death?
InvestorPlace· 2024-03-01 16:34
Fisker (NYSE:FSR) stock is plunging lower after the electric vehicle (EV) company reported its preliminary fourth-quarter earnings and warned of uncertainty in the future.On Thursday, Fisker warned that there was “substantial doubt” about its ability to continue as a going concern once it submits all of its filings for 2023. The company added that it would need to raise either debt or equity because Fisker’s current level of capital is not enough to support it over the next 12 months. Fisker also noted that ...
Fisker Layoffs 2024: What to Know About the Latest FSR Job Cuts
InvestorPlace· 2024-03-01 14:36
Fisker (NYSE:FSR) layoffs are coming for the electric vehicle (EV) company’s employees as it issues a warning about 2024 operations.According to an update from Fisker, the company is cutting 15% of its workforce. These layoffs are mostly connected to its switch from a direct-to-consumer sales strategy to a Dealer Partner model.At the same time it announced layoffs, Fisker also said it will be streamlining operations. This will see the company reduce its physical footprint and expenses. Adding to this is the ...
Why Is Fisker (FSR) Stock Down 38% Today?
InvestorPlace· 2024-03-01 14:04
FSR股票下跌原因 - FSR股票在周五大幅下跌,因为电动汽车公司发布了最新财报,其中包括一项对投资者的警告[1] - 公司表示没有足够的资金来继续运营到年底,包括与现有债券持有人进行谈判以获得进一步投资[2] - FSR已经宣布裁员15%以降低成本,并计划转向新的经销商合作模式[3]
Fisker Inc. (FSR) Reports Q4 Loss, Misses Revenue Estimates
Zacks Investment Research· 2024-03-01 00:16
Fisker Inc. (FSR) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -95%. A quarter ago, it was expected that this company would post a loss of $0.19 per share when it actually produced a loss of $0.27, delivering a surprise of -42.11%.Over the last four quarters, the company has surpassed cons ...
Fisker (FSR) - 2023 Q4 - Annual Results
2024-02-28 16:00
财务业绩发布 - Fisker Inc.于2023财年第四季度和全年发布了初步财务业绩[3] 公司展望和业绩指引 - 公司未来展望和业绩指引将在财报电话会议中提及[3] 公司代表发言 - 公司首席财务官Geeta Gupta-Fisker将在电话会议中代表公司发言[7]
Fisker Signs Additional US Dealer Partners in New York State, Florida, and Indiana
Businesswire· 2024-02-28 11:30
Fisker Inc., driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today it has signed two new dealer partners in the US. Dealers joining the Dealer Partnership program are Bul Auto Sales, which plans to open Fisker Albany in New York state and Fisker Jacksonville in Florida; and Karma Indy, which intends to open Fisker Indianapolis in Indiana. (Photo: Fisker Inc.)Fisker Inc., driven by a mission to create the world’s most emotional and sustainable electric ve ...
Why Li Auto, Lucid Group, and Fisker Stocks Popped Today
The Motley Fool· 2024-02-26 16:28
Electric-vehicle stocks put pedal to the metal to start the week on Monday, encouraged by a single powerful earnings report out of Li Auto (LI 15.10%) in China. This morning, the company reported a $0.60-per-share non-GAAP profit for its Q4 2023 -- more than twice the $0.29 per share that analysts had predicted -- and said its sales in the fourth quarter approached $5.9 billion, well ahead of the expected $5.5 billion. Shares of both Lucid Group (LCID 5.96%) and Fisker (FSR 8.15%) are reacting positively to ...
Why Shares of Fisker Are Crashing This Week
The Motley Fool· 2024-02-22 18:43
While the S&P 500 seems poised to lock in a gain for the week, shares of electric vehicle (EV) upstart Fisker (FSR -3.17%) are driving in the other direction.Investors are choosing to unplug Fisker stock from their portfolios for two reasons. First, investors are losing confidence in the company after it reported that it has received a noncompliance letter from the New York Stock Exchange (NYSE). Also, the company is now under investigation regarding a vehicle safety concern.As of 12:40 p.m. ET on Thursday, ...
LKQ Gears Up to Report Q4 Earnings: Here's What to Expect
Zacks Investment Research· 2024-02-21 14:25
LKQ Corporation (LKQ) is slated to release fourth-quarter 2023 results on Feb 22 before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at 75 cents and $3.51 billion, respectively.For the fourth quarter, the consensus estimate for LKQ’s earnings per share has remained unchanged in the past 90 days. Its bottom-line estimates imply a decline of 3.85% from the year-ago reported number.The Zacks Consensus Estimate for LKQ’s quarterly revenues ...
Why Tesla, Fisker, and QuantumScape Are Dropping Today
The Motley Fool· 2024-02-20 21:57
Electric vehicle stocks are having a rough start to the week as the market drops and investors worry that high-cost purchases are slowing down. Home Depot's earnings release this morning showed a 4% drop in same-store sales in the U.S., driven by fewer high-priced purchases. While EV stocks and home improvement companies don't often have a lot in common, if we're seeing consumers pull back on home spending, they will likely also pull back on vehicle spending.Shares of Tesla (TSLA -3.10%) dropped as much as ...