Fisker Says As Of Nov. 30, It Had 123 Vehicles Either Delivered Or In Transit To Customers; Company Adjusted Production Guidance To Just Over 10,000 Units For 2023 To Unlock Over $300M Working Capital; Says It Will Provide FY24 Outlook By This Month-End
Portfolio Pulse from Benzinga Newsdesk
Fisker Inc. reported that as of November 30, it had 123 vehicles delivered or in transit. The company has adjusted its 2023 production guidance to just over 10,000 units, a move expected to unlock over $300 million in working capital. Fisker also announced it will provide its fiscal year 2024 outlook by the end of this month.
December 01, 2023 | 11:40 am
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Fisker Inc. has adjusted its 2023 production guidance to over 10,000 units, which is expected to release over $300 million in working capital. The company also plans to announce its FY24 outlook soon.
The adjustment in production guidance by Fisker Inc. to over 10,000 units for 2023, aimed at unlocking significant working capital, is a positive signal for investors, indicating efficient capital management and potential for growth. The anticipation of the FY24 outlook could also drive investor interest and potentially increase the stock price in the short term.
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