Fisker Inc (NYSE:FSR) reported Q3 revenue of $71.8 million, missing the consensus estimate of $109.029 million. The company reduced its quarterly loss to 27 cents per share from 45 cents in the previous year. Gross margin was negative on both GAAP and adjusted bases. Operating activities used $308.2 million in net cash, leaving Fisker with $625.4 million in cash and equivalents. Vehicle production and deliveries increased, with October deliveries surpassing the entire third quarter. Full-year 2023 capital expenditures are projected to be $225-$240 million, with total costs between $565-$640 million. Fisker's stock dropped 9.22% after hours to $3.74.