LCID Earnings Prediction
The chart below shows how LCID performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LCID sees a +1.97% change in stock price 10 days leading up to the earnings, and a -6.64% change 10 days following the report. On the earnings day itself, the stock moves by -0.21%. This data can give you a slight idea of what to expect for the next quarter's release.
LCID Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
200.04M
45.15%
-0.27%
Gross Margin
-106.23%
-55.89%
-21.02%
Operating Margin
-385.16%
-29.45%
0.70%
Net Margin
-496.14%
8.38%
54.68%
EPS
-0.41
-46.43%
20.59%
No Data Available
LCID Earnings Analysis
Lucid Group, Inc. Common Stock Corporation (LCID.O) Earnings Conference Call
Positive
Vehicle Delivery Surge: In the third quarter, Lucid Group delivered 2,781 vehicles, representing a 91% year-over-year increase and a 16% sequential increase, outperforming typical seasonal trends in the industry.
Strong Revenue Growth: The company reported revenue of approximately $200 million in the third quarter, up 45.2% year-over-year, indicating strong demand and sales performance.
Safety Rating Achievement: Lucid Air earned the highest possible overall safety rating of five stars from the National Highway Traffic Safety Administration's new Car Assessment Program, enhancing brand reputation and consumer trust.
Capital Raise for Growth: The recent capital raise of approximately $1.75 billion provides sufficient financial runway into 2026, supporting ongoing operations and growth initiatives.
Production Capacity Outlook: Lucid Group is on track to produce approximately 9,000 vehicles for the full year 2024, demonstrating strong production capabilities and operational efficiency.
Negative
Third Quarter Revenue Surge: Revenue in the third quarter was approximately $200 million, up 45.2% year-over-year, but flat sequentially.
Declining Selling Prices: Every selling price was down sequentially, primarily due to product mix.
Cost of Revenue Analysis: Cost of revenue in the third quarter was $412.5 million, with impairment of LCN RV at $154.9 million.
Net Loss Per Share: GAAP net loss per share in Q3 was $0.41, and non-GAAP net loss per share was $0.28, indicating ongoing financial challenges.
Adjusted EBITDA Loss Comparison: The adjusted EBITDA loss was $613.1 million compared to $647.6 million in Q2, reflecting persistent operational difficulties.
LCID FAQs
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LCID Earning Call Sentiment
Lucid Group, Inc. (LCID) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LCID.O
-1.43%Positive
The earnings call summary shows mixed signals. Financial performance is solid with increased deliveries and revenue, but high expenses and a significant net loss are concerning. The public offering and pro rata investment provide liquidity but may dilute shares. Positive developments include new product launches and cost optimizations. The Q&A reveals uncertainties about future plans and market conditions, although management remains optimistic. Overall, the sentiment is neutral, reflecting a balance between positive growth prospects and existing financial challenges.