What's Going On With Fisker Stock After Hours?
Portfolio Pulse from Adam Eckert
Fisker Inc (NYSE:FSR) reported a significant increase in Q4 revenue to $200.1 million but also a net loss of $1.23 per share. The company produced 4,789 vehicles and delivered 3,818 in Q4. Despite challenges and a strategic shift to a Dealer Partner model, Fisker faces doubts about its ongoing viability, planning workforce reductions and seeking additional investments. Fisker aims for 20,000 to 22,000 vehicle sales in 2024, with negotiations for a potential large automaker investment ongoing.
February 29, 2024 | 9:45 pm
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Fisker Inc reported increased Q4 revenue but a net loss per share, is shifting to a Dealer Partner model, plans workforce reduction, and is in talks for potential investments and partnerships.
The reported net loss, workforce reduction, and the statement about substantial doubt regarding the company's ability to continue as a going concern are likely to negatively impact investor confidence and the stock price in the short term. However, the strategic shift and potential partnerships could provide some positive outlook.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100