Fisker (FSR) Posts Wider Q1 Loss

Fisker (NYSE: FSR) reported Q1 EPS of ($0.41), $0.02 worse than the analyst estimate of ($0.39). Revenue for the quarter came in at $12 thousand versus the consensus estimate of $10 thousand.

• Q1 2022 operating results consistent with company expectations and full-year total spending guidance unchanged.
• Test and validation phase progressing well, 23 out of 55 complete Fisker Ocean prototypes built.
• 2022 retail reservations continue at an elevated pace. Fisker Ocean reservations total more than 45,000 as of May 2, 2022, including 1,600 fleet reservations. This represents approximately 50% growth since last earnings call.
• Unveiled the Fisker Ocean to the European market at Mobile World Congress in Barcelona.
• Fisker will open pre-orders for the limited-edition Fisker Ocean One on July 1, 2022.
• Hyderabad in Telangana State selected as headquarters for Fisker\'s operations in India. The Hyderabad office will contribute to software and virtual vehicle development.

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

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