Fisker (FSR) Posts Slightly Smaller Q2 Loss

Fisker (NYSE: FSR) reported Q2 EPS of ($0.36), $0.05 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $10 thousand versus the consensus estimate of $11.67 thousand.

• Vehicle testing and validation phase progressing well; all 55 complete Fisker Ocean prototypes built and performing various final testing before SOP on November 17, 2022.
• Sold out all 5,000 pre-orders for the launch edition Fisker Ocean One, secured by $5,000 down payments from each customer.*
• Consumer demand remains strong. Fisker Ocean reservations totaled more than 56,000 as of August 1, 2022, including 5,000 Ocean One pre-orders secured by $5,000 down payments.
• Debuted the Fisker Ocean in France and the United Kingdom in June 2022.
• Confirmed Fisker PEAR, using the Fisker-developed SLV1 platform, will be manufactured at Foxconn’s newly acquired plant in Ohio.

For earnings history and earnings-related data on Fisker (FSR) click here.

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