FFIE Earnings Prediction
The chart below shows how FFIE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FFIE sees a +0.60% change in stock price 10 days leading up to the earnings, and a -28.68% change 10 days following the report. On the earnings day itself, the stock moves by -2.79%. This data can give you a slight idea of what to expect for the next quarter's release.
FFIE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
9.00K
-98.37%
-96.93%
Gross Margin
-238266.67%
8326.49%
3276.32%
Operating Margin
-416700.00%
3351.93%
2740.89%
Net Margin
-863177.78%
5993.98%
2227.01%
EPS
-5.32
-98.83%
-57.03%
No Data Available
FFIE Earnings Analysis
Faraday Future Intelligent Electric Inc. Common Stock Corporation (FFIE.O) Earnings Conference Call
Positive
Operating Expenses Decline: During the third quarter of 2024, our operating expenses declined 92.6% to $3.8 million compared to $50.9 million in the prior year's quarter.
Cost Control Initiatives Impact: This reduction reflects our ongoing cost control initiatives, as well as a non-recurring gain of $14.9 million from the settlement of previously accrued research and development costs.
Improved Operational Loss: Third quarter loss from operations improved to $25.2 million compared to a loss of $66.4 million in the prior year quarter.
Loss Before Income Taxes: Our loss before income taxes was $77.7 million compared to $78 million in the prior year quarter.
Financial Position Overview: As of September 30, 2024, our preliminary financial position included total assets of $449 million, total liabilities of $292.3 million, and a book value of $156.7 million.
Negative
Operating Expenses Reduction: Operating expenses declined 92.6% to $3.8 million compared to $50.9 million in the prior year's quarter.
Cost Control Initiatives: This reduction reflects our ongoing cost control initiatives, as well as a non-recurring gain of $14.9 million from the settlement of previously accrued research and development costs.
Operating Expenses Decline: However, even adjusting for that gain, operating expenses would have still declined 63.2% from the prior year period.
Operational Loss Improvement: Third quarter loss from operations improved to $25.2 million compared to a loss of $66.4 million in the prior year quarter.
Loss Before Income Taxes: Our loss before income taxes was $77.7 million compared to $78 million in the prior year quarter.
FFIE FAQs
How does FFIE typically perform around its earnings report dates?
Is Faraday Future Intelligent Electric Inc. (FFIE) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
FFIE Earning Call Sentiment
Faraday Future Intelligent Electric Inc. (FFIE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FFIE.O
-0.73%Positive
The earnings call presents a mixed picture: significant cost reductions and operational efficiency improvements are positive, but financial health remains a concern with a high loss before taxes and low cash reserves. The Q&A section lacks clarity, indicating potential risks. New financing commitments are positive, but the reliance on convertible debt and reverse stock splits may dilute shareholder value. The strategic expansion and new brand launch are promising, yet contingent on securing additional funding. Overall, these factors suggest a neutral stock price movement in the short term.
