Fisker (FSR) Misses Q1 EPS by 8c, Misses on Revenue; Guides Q2 Production of 1,400-1,700 EVs
Fisker (NYSE: FSR) reported Q1 EPS of ($0.38), $0.08 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $198 thousand versus the consensus estimate of $6.33 million.
Fisker plans to produce 1,400-1,700 vehicles in Q2, provided all partners deliver. Fisker expects to have a steep ramp up in Q3, followed by a monthly run rate of approximately 6,000 vehicles for the rest of the year, and forecasts 32,000-36,000 units produced in calendar 2023.
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