Fisker Reports Preliminary Q4 2023 Total Revenue Of $200.1M, Est $310.795M
Portfolio Pulse from Benzinga Newsdesk
Fisker reported preliminary Q4 2023 total revenue of $200.1M, missing the estimated $310.795M. The company also announced a delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023, due to needing more time to finalize its consolidated financial statements.
February 29, 2024 | 9:29 pm
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Fisker's Q4 2023 revenue was significantly below expectations, and the company announced a delay in filing its annual report.
Missing the revenue estimate by a significant margin and delaying the annual report filing are negative indicators. These factors are likely to shake investor confidence and could lead to a short-term decrease in Fisker's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100