NASDAQ$NKLAQ

Nikola Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported revenues of $18.1 million and adjusted net loss per share of $0.25.

Nikola Corporation reported Q2 2022 results, including revenues of $18.1 million and an adjusted net loss per share of $0.25. The company produced 50 Nikola Tre BEVs in Coolidge, Arizona, and delivered 48 to dealers. Total liquidity at the end of Q2 was $841.8 million.

  • Produced 50 Nikola Tre BEVs in Coolidge, Arizona, and delivered 48 to dealers
  • Reported revenues of $18.1 million on deliveries of 48 Tre BEVs and four Mobile Charging Trailers
  • Increased total liquidity to $841.8 million
  • Announced station progress in California in the cities of Ontario, Colton, and a location servicing the Port of Long Beach

Headline financials

Total Revenue

$18.1M

Previous: $0.00
EPS (adj)

-$7.50

Previous: -$6.00-25.0%
Capital Expenditures

-$67.3M

Previous: -$64.8M-3.9%
Free Cash Flow

-$341M

Previous: -$191M-78.8%
Net Income

-$173M

Previous: -$143M-20.8%
Operating Income

-$172M

Previous: -$138M-24.4%
Gross Profit

-$29.3M

Previous: $0.00
Cash & Equivalents

$442M

Previous: $633M-30.2%
Total Assets

$1.17B

Previous: $965M+20.9%
Stock-Based Comp

$54.8M

Previous: $52.7M+4.1%

Revenue & EPS history

Nikola · Revenue · Quarterly

$18.1M

Q2 2022
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Revenue by segment

Nikola · $36K total across 1 segment · Q2 2020

  • Solar Revenues
    $36K

Forward guidance

Nikola remains on track to achieve the following milestones in 2022.

Tailwinds

  • Deliver 300 to 500 production Tre BEV trucks
  • Successful FCEV alpha pilot testing with Anheuser-Busch and TTSI
  • Build, validate and test Tre FCEV beta trucks
  • Announce location, break ground, and commence construction of the first hydrogen production hub in Arizona
  • Announce two or more dispensing station partners in California

Historical earnings impact

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

Avg. return before/after earnings

Based on 13 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+211.7%

Avg return

Earnings day

-12.0%

Avg return

5 days after

-20.4%

Avg return

30 days after

41%

11 / 27 earnings

Positive

+2900.0%

Q3 2019

Best reaction

-29.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2024+3.3%-24.1%-1.9%
Q3 2024-11.1%-24.4%-54.2%
Q2 2024+2.8%-1.0%-32.3%
Q1 2024-9.1%-10.3%-20.8%
Q4 2023+8.8%+8.1%-5.8%
Q3 2023+8.6%-1.0%-6.8%
Q2 2023-29.7%-43.0%-65.6%
Q1 2023-18.8%-22.4%-38.9%
Q4 2022-4.7%-4.8%-36.1%
Q3 2022-10.3%-15.1%-13.9%
Q2 2022+7.6%-7.1%-29.8%
Q1 2022-6.3%-22.7%-7.4%
Q4 2021+15.7%+12.0%+48.4%
Q3 2021+3.4%
Q2 2021-5.2%
Q1 2021+11.0%
Q4 2020-14.5%
Q3 2020-7.9%
Q2 2020-4.0%
Q1 2020-3.6%
Q4 2019-20.0%
Q3 2019+2900.0%
Q2 2019+2900.0%
Q1 2019+0.0%
Q4 2018+0.0%
Q3 2018+0.4%
Q2 2018+0.0%

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