NKLA Earnings Prediction
The chart below shows how NKLA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NKLA sees a -0.65% change in stock price 10 days leading up to the earnings, and a -15.41% change 10 days following the report. On the earnings day itself, the stock moves by -2.41%. This data can give you a slight idea of what to expect for the next quarter's release.
NKLA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
25.18M
1553.87%
-19.60%
Gross Margin
-245.99%
-65.99%
40.77%
Operating Margin
-577.31%
-72.13%
37.89%
Net Margin
-793.38%
-72.88%
85.89%
EPS
-3.89
-73.89%
36.01%
No Data Available
NKLA Earnings Analysis
Nikola Corporation Common Stock Corporation (NKLA.O) Earnings Conference Call
Positive
Hydrogen Truck Sales Record: 1. Record Sales of Hydrogen Fuel Cell Trucks: Nikola wholesaled a record 88 hydrogen fuel cell electric trucks in Q3 2024, firmly within the guidance range of 80 to 100 trucks.
Fleet Adoption Surge: 2. Significant Growth in Fleet Adoption: Year-to-date, the adoption of Nikola's fuel cell electric vehicle fleet has grown by 78%, increasing from 9 to 16 distinct end fleets.
Hydrogen Dispensed Surge: 3. Impressive Increase in Hydrogen Dispensed: There was a nearly 350% increase in hydrogen dispensed at Nikola's commercial stations, reflecting strong demand and operational growth.
Customer Satisfaction with BEV 2.0: 4. Positive Customer Feedback on BEV 2.0: The return of 78 BEV 2.0 trucks to the market has been met with overwhelmingly positive feedback from end fleets, showcasing their performance and reliability.
Sustainability Impact Achieved: 5. Strong Environmental Impact: Nikola's fuel cell and battery electric trucks have collectively avoided over 2,700 metric tons of CO2 tailpipe emissions, contributing significantly to sustainability efforts.
Negative
Gross Loss Increase: 1. Increased Gross Loss: Nikola reported a gross loss of $62 million in Q3 2024, worsening from a gross loss of $55 million in Q2 2024, primarily due to the repurchase of 20 BEVs.
Cash Reserves Decline: 2. Declining Cash Reserves: The company's unrestricted cash decreased by $58 million from Q2 2024, ending the quarter with $198 million, which is projected to only sustain operations into Q1 2025.
Declining Average Selling Price: 3. Lower Average Selling Price: The average selling price (ASP) for fuel cell vehicles fell to $361,000, a 7% decline from Q2 2024, indicating potential pricing pressures as volume increases.
Revenue Stability Challenges: 4. Negative Revenue Impact: Net revenue was negatively impacted by $8 million due to the repurchase of BEVs, highlighting challenges in maintaining revenue stability amid operational adjustments.
Cash Burn Rate Increase: 5. Increased Cash Burn Rate: The cash burn rate rose to $162 million in Q3 2024, up from $145 million in the previous quarter, indicating escalating financial strain on the company.
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NKLA Earning Call Sentiment
Nikola Corporation (NKLA) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NKLA.O
-28.74%Positive
The earnings call reflects several negative factors: a gross loss increase, competitive pressures, regulatory and supply chain challenges, and a declining cash position. The Q&A reveals management's evasiveness on profitability specifics and capital needs. Despite a slight revenue increase, the financial health and guidance remain weak, with no new partnerships or positive catalysts mentioned. These factors suggest a negative stock price movement over the next two weeks.
