Shares of Fischer Inc. fell 1% in after-hours trading on Wednesday as the electric-vehicle maker reported a slightly broader-than-expected quarterly loss, saying it was moving toward bringing its EVs to market “while navigating a volatile supply-chain environment.”
It lost প্রথম 122 million, or 41 cents per share, in the first quarter, compared to $ 177 million or 63 cents per share a year earlier.
Factset unanimously called for a 39 cents EPS for Fisker, which has yet to see sales, and is expected to report revenue on its first vehicle delivery by the end of the year.
Fischer Ocean is scheduled to start production in November, chief executive Hendrik Fischer said in a statement. He thanked the staff and suppliers for making progress while the supply-chain-related problems continued.
Fischer says it will start taking pre-orders from July 1 for a limited edition of an electric luxury SUV Ocean.
The testing and verification phase of the program is “progressing well,” Fischer said.
Reservations continued at an “improved pace”, with a total of more than 45,000 as of Monday, including 1,600 fleet reservations, the agency said. This suggests up to $ 2.5 billion in “potential” revenue, the company said.
This is a 50% increase from the nearly 30,000 reservations published in Fischer’s last earnings call in February.
The EV maker expects its operating costs to be between $ 435 million and $ 500 million, including $ 330 million and $ 380 million for research and development.
Shares of Fischer rose 3.8% to end regular trading days. The stock has lost about 10% since the fall of the S&P 500 index SPX.
In the same period