NASDAQ$NKLAQ

Nikola Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Nikola began delivering Pre-Series Tre BEVs to customers and dealers and ramping up production in Coolidge.

Nikola Corporation reported financial results for the quarter and full-year ended December 31, 2021. During the fourth quarter, the company began delivering Pre-Series Tre BEVs to customers and dealers, and is ramping up production in Coolidge. Series production of the Tre BEV is anticipated to begin on March 21.

  • Delivered first Nikola Pre-Series Tre BEVs to customers and dealers
  • Executed additional customer LOIs, including with Heniff Transportation Systems, USA Truck, Saia LTL Freight, and Covenant Logistics Group
  • Tre FCEV alphas delivered to Anheuser-Busch for pilot testing
  • Coolidge, Arizona manufacturing facility Phase 1 anticipated completion by the end of Q1 2022

Headline financials

EPS (adj)

-$6.90

Previous: -$5.10-35.3%
Adjusted EBITDA

-$90.4M

Previous: -$65.5M-38.0%
Capital Expenditures

$65.6M

No prior period
Free Cash Flow

-$177M

No prior period
Net Income

-$159M

Previous: -$147M-8.4%
Operating Income

-$163M

Previous: -$147M-10.8%
Cash & Equivalents

$497M

Previous: $841M-40.9%
Total Assets

$990M

Previous: $1.05B-6.1%
Stock-Based Comp

$53.7M

Previous: $46.3M+16.2%

Revenue & EPS history

Nikola · Revenue · Quarterly

$25.2M

Q3 2024-1,553.9%vs Q3 2023
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 looks forward to achieving the following milestones in 2022

Tailwinds

  • Deliver 300 - 500 production Nikola Tre BEVs to customers
  • Successful pilot testing of Tre FCEV alpha trucks with AB and TTSI and others
  • Build, test, and validate 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 Q4 2021

Historical avgQ4 2021

+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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