NASDAQ$LCID

Lucid Group Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Lucid reported Q1 2023 financial results, including revenue of $149.4 million, having produced 2,314 vehicles and delivered 1,406 vehicles.

Lucid Group, Inc. announced its Q1 2023 financial results, reporting a revenue of $149.4 million. The company produced 2,314 vehicles and delivered 1,406 during the quarter. Lucid ended the quarter with approximately $4.1 billion in total liquidity and plans to manufacture more than 10,000 vehicles in 2023.

  • Q1 revenue was $149.4 million, a 159% year-over-year increase.
  • Produced 2,314 vehicles in Q1 2023.
  • Delivered 1,406 vehicles in Q1 2023.
  • Ended the quarter with approximately $4.1 billion in total liquidity, expected to fund the Company at least into Q2 of 2024.

Headline financials

Total Revenue

$149M

Previous: $57.7M+159.1%
EPS (adj)

-$0.43

Previous: -$0.05-760.0%
Vehicles Delivered

1.4K

Previous: 360+290.6%
Vehicles Produced

2.3K

No prior period
Capital Expenditures

-$242M

Previous: $185M-230.6%
Free Cash Flow

-$1.02B

Previous: -$81.3M-1156.4%
Net Income

-$780M

Previous: -$81.3M-859.0%
Operating Income

-$772M

Previous: -$598M-29.2%
Gross Profit

-$351M

Previous: -$188M-86.5%
Cash & Equivalents

$900M

Previous: $5.39B-83.3%
Total Assets

$7.26B

Previous: $7.4B-1.9%
Stock-Based Comp

$53.8M

Previous: $175M-69.2%

Revenue & EPS history

Lucid · Revenue · Quarterly

$149M

Q1 2023+159.1%vs Q1 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Lucid plans to manufacture more than 10,000 vehicles in 2023 and expects total liquidity of approximately $4.1 billion to fund the Company at least into the second quarter of 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-2.8%

Avg return

Earnings day

-3.6%

Avg return

5 days after

-7.7%

Avg return

30 days after

30%

7 / 23 earnings

Positive

+26.4%

Q3 2021

Best reaction

-19.1%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.6%-4.9%-14.6%
Q4 2025+2.1%+1.1%-5.2%
Q3 2025+4.9%-1.5%-22.2%
Q1 2025-3.0%+12.4%-7.7%
Q4 2024-13.4%-18.8%-11.1%
Q3 2024+3.8%+0.5%+8.0%
Q2 2024-1.0%+2.2%+22.4%
Q1 2024-6.1%-4.5%+0.2%
Q4 2023-16.3%-14.4%-24.7%
Q3 2023-8.6%-12.0%+3.7%
Q2 2023+8.6%+0.3%-7.3%
Q1 2023-5.8%-8.9%-17.2%
Q4 2022-11.2%-11.5%-17.3%
Q3 2022-19.1%-6.8%-37.3%
Q2 2022-5.9%-5.1%-23.2%
Q1 2022-10.4%-21.3%-7.8%
Q4 2021-5.2%-14.1%+0.6%
Q4 2019-15.8%-8.6%-6.1%
Q3 2021+26.4%+25.7%-7.1%
Q2 2021-3.9%-7.7%-15.2%
Q1 2021+19.5%+21.5%+40.6%
Q4 2020+2.8%-6.3%-29.9%
Q3 2020-0.2%-0.3%+2.1%

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