Lucid Group (LCID) Posts Smaller Q1 Loss on Higher Revenue

Lucid Group (NASDAQ: LCID) reported Q1 EPS of ($0.05), $0.25 better than the analyst estimate of ($0.30). Revenue for the quarter came in at $57.7 million versus the consensus estimate of $53.43 million.

• Strong demand with more than 30,000 customer reservations as of today, reflecting potential sales of $2.9B
• Production volume outlook for 2022 remains on track at 12,000 to 14,000 vehicles
• Announces new pricing effective June 1 while honoring current pricing for all existing reservation holders

For earnings history and earnings-related data on Lucid Group (LCID) click here.

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