NASDAQ$LCID

Lucid Group Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Lucid reported higher vehicle production and deliveries, despite a net loss for Q4 2024.

Lucid produced 3,386 vehicles and delivered 3,099 vehicles during Q4 2024, with revenue totaling $234.5 million. The company posted a net loss of $397.2 million for the quarter, driven by high operating expenses. Lucid ended the quarter with $6.13 billion in total liquidity.

  • Produced 3,386 vehicles and delivered 3,099 vehicles in Q4 2024.
  • Q4 revenue was $234.5 million, up from $157.2 million in Q4 2023.
  • Net loss for Q4 2024 was $397.2 million.
  • Ended the quarter with $6.13 billion in total liquidity.

Headline financials

Total Revenue

$235M

Previous: $157M+49.2%
EPS (adj)

-$0.22

Previous: -$0.29+24.1%
Vehicles Delivered

3.1K

Previous: 1.7K+79.2%
Vehicles Produced

4.4K

Previous: 2.4K+84.0%
Net Income

-$397M

Previous: -$654M+39.2%
Operating Income

-$733M

Previous: -$737M+0.5%
Gross Profit

-$209M

Previous: -$320M+34.8%

Revenue & EPS history

Lucid · Revenue · Quarterly

$235M

Q4 2024+49.2%vs Q4 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Lucid expects to produce approximately 20,000 vehicles in 2025, focusing on expanding its production capabilities and improving operational efficiencies.

Tailwinds

  • Production guidance for 2025 is set at approximately 20,000 vehicles.
  • Focus on ramping production of Lucid Gravity.
  • Continuing technology licensing business.
  • Exploring new monetization opportunities.
  • Strong liquidity position of $6.13 billion.

Headwinds

  • High operating expenses continue to impact profitability.
  • Negative free cash flow in Q4 2024.
  • Net losses expected to persist in the near term.
  • Potential risks from global supply chain issues.
  • Ongoing costs related to production expansion.

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 Q4 2024

Historical avgQ4 2024

-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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