Fisker shares are trading lower after the company reported worse-than-expected Q4 financial results. Also the company said that it expects to conclude that there is substantial doubt about its ability to continue as a going concern when its annual financial statements are filed with the SEC.
Portfolio Pulse from Benzinga Newsdesk
Fisker's stock is trading lower following the announcement of disappointing Q4 financial results and the company's expectation of substantial doubt about its ability to continue as a going concern.
March 01, 2024 | 1:01 pm
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Fisker's shares are down after reporting worse-than-expected Q4 results and expressing doubts about its ongoing viability.
The negative impact on Fisker's stock price is directly related to the disappointing Q4 financial results and the company's warning about its ability to continue as a going concern. This news is likely to shake investor confidence, leading to a short-term decrease in stock price.
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IMPORTANCE 90
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