NASDAQ$NKLAQ
Nikola Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported revenues of $24.2 million, GAAP net loss per share of $0.54, and non-GAAP net loss per share of $0.28.
Nikola Corporation reported Q3 2022 results with revenues of $24.2 million. The company produced 75 Nikola Tre BEVs and delivered 63 to dealers. They also completed the purchase of land in Buckeye, AZ for a hydrogen production hub and signed a term sheet for collaboration with E.ON in Europe for hydrogen supply and dispensing infrastructure.
- Produced 75 Nikola Tre BEVs in Coolidge, AZ and delivered 63 to dealers
- Completed purchase of land in Buckeye, AZ for hydrogen production hub
- Signed term sheet for collaboration with E.ON in Europe for hydrogen supply and dispensing infrastructure
- Announced in November the execution of a Purchase Order for 100 Nikola Tre BEVs by Zeem Solutions
Headline financials
Revenue & EPS history
Nikola · Revenue · Quarterly
$24.2M
Revenue by segment
Nikola · $36K total across 1 segment · Q2 2020
- Solar Revenues$36K—100.0%
Forward guidance
Nikola is focused on scaling production, developing its energy business, and advancing its technology.
Tailwinds
- On track to complete the Phase 2 assembly expansion by the end of Q1 2023, at which time our production capacity will be up to 20,000 units per year.
- Upon completion of Phase 2, the facility will be capable of producing the BEV and FCEV on the same line, in addition to the Bosch Fuel Cell Power Module.
- Negotiating a robust portfolio of hydrogen supply opportunities across North America.
- Strategic partnership with E.ON is expected to offer customers an integrated mobility solution to promote the use of hydrogen.
- Plan to begin production of EU version Tre BEVs in the second half of 2023, and EU version Tre FCEVs in the second half of 2024.
Headwinds
- Design and manufacturing changes and delays, including global shortages in parts and materials
- General economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets
- The effects of inflation and COVID-19
- The outcome of legal, regulatory and judicial proceedings to which the Company or Romeo is, or may become a party
- Demand for and customer acceptance of the Company’s trucks
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 Q3 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
| Quarter | Report date | Reaction (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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