Fisker (FSR) Misses Q4 EPS by 13c
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Fisker Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results
February 27, 2023 6:30 AM ESTQ4 2022 and full-year 2022 operational results better than expectations; full-year 2022 total spending of $702 million, below the $715 million to $790 million anticipated range. Over $736 million cash balance at year end 2022, ahead of expectations, excluding approximately $28 million of VAT receivables delayed to 2023. Consumer brand awareness continues to build. Fisker Ocean reservations and orders continue to increase, totaling approximately 65,000 as of February 24, 2023. Homologation testing is progressing well; we anticipate completion in March, followed by the regulatory approval process. Consumer deliveries should commence shortly after certification is received. Since SOP, Fisker built 56 vehicles including 15 vehicles... More
